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D1 Elasticity Pullback Trading

  • #421
  • Feb 5, 2020 9:47am Feb 5, 2020 9:47am
Quoting Dagaco
{quote} It can give you some pips mate, and although you see the elastic divergence and some resistence on W1, i still see a lot of momentum..price recently come from a 5,3,3 divergence on W1...H4 doesnt support the trade either. Well, this is just my opinion, may be Im wrong . I hope you get your pips!..but imho is a little risky.
I agee with Dagaco. Too much bullish momentum. I would wait for a clear D1 elasticity and breakout pullback scenario
Trade what you see
  • #422
  • Edited 5:45pm Feb 5, 2020 5:32pm | Edited 5:45pm
placed a short order on NZDCAD

price went through support and came back to it. might go a bit lower. elastic stochastic

TP is 1R around previous low

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADDaily.png Size: 64 KB
  • #423
  • Feb 6, 2020 1:37am Feb 6, 2020 1:37am
Quoting gabba
placed a short order on NZDCAD price went through support and came back to it. might go a bit lower. elastic stochastic TP is 1R around previous low {image}
Great setup
Trade what you see
  • #424
  • Feb 6, 2020 2:16am Feb 6, 2020 2:16am
Quoting ghbdr
{quote} Great setup
thank you. let's see how it develops
  • #425
  • Edited Feb 7, 2020 3:54am Feb 6, 2020 4:21pm | Edited Feb 7, 2020 3:54am
placed short order on AUDUSD
price crossed and came back to a previous support level, now prone to make it resistance
123 candle formation with a huge 1st candle ... elastic stochastic
TP 1R

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 64 KB


edit: price went down quickly while slow stochastic is still above 50.
there might be further downward potential.
I removed the TP 1R and will close the trade when stochastic crosses 23.6 level.
  • #426
  • Edited Feb 7, 2020 6:21am Feb 6, 2020 4:50pm | Edited Feb 7, 2020 6:21am
placed a short order on AUDJPY
price crossed through and came back to previous s/r level
no 123 candle pattern but a shooting star, elastic stochastic
there might be downward potential to the area of the previous low, so max TP 3R

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 46 KB


edit: price almost reached 2R. setting SL to break even.
  • #427
  • Edited Feb 7, 2020 12:03am Feb 6, 2020 10:39pm | Edited Feb 7, 2020 12:03am
But W1 audjpy and audusd below 23.60 it's vaild to trade?
  • #428
  • Feb 7, 2020 1:36am Feb 7, 2020 1:36am
Quoting Jos3ph
But W1 audjpy and audusd below 23.60 it's vaild to trade?
I took same trade on Audusd. D1 Will try to follow W1 so when W1 is under 23.6 indicates bearish momentum on D1
Trade what you see
  • #429
  • Feb 7, 2020 5:12am Feb 7, 2020 5:12am
I took profits on recent low on Audusd. Textbook short elasticity setup
Trade what you see
  • #430
  • Feb 7, 2020 6:42am Feb 7, 2020 6:42am
Hi ghbdr,
What do you think of GBPNZD? Could be good for a few pips.
  • #431
  • Feb 7, 2020 7:57am Feb 7, 2020 7:57am
Quoting c0ldsun
Hi ghbdr, What do you think of GBPNZD? Could be good for a few pips.
For me is a Double top case right now. I like to see the HH or LL properly broken before taking the trade
Trade what you see
  • #432
  • Feb 7, 2020 8:31am Feb 7, 2020 8:31am
Hi ghbdr,

Would GbpCad long trade be a potential trade setup? If you could give an analysis would be grateful.
  • #433
  • Feb 7, 2020 9:22am Feb 7, 2020 9:22am
Quoting ghbdr
I took profits on recent low on Audusd. Textbook short elasticity setup
nice. same here
I'm happy to see you have taken the same trade. seems like I'm on the right track
thank you, ghbdr
  • #434
  • Feb 7, 2020 9:22am Feb 7, 2020 9:22am
took profit on NZDCAD 1.5R, AUDUSD 1R
AUDJPY is set to breakeven and might keep going after the weekend
EURCHF is still open, still waiting for a recovery here since stochastic is still elastic

I wish you all a great wekend
  • #435
  • Feb 7, 2020 9:55am Feb 7, 2020 9:55am
Hey guys,

I didnt understood quite the entry part. Sorry for asking dumb questions. Basicly when the V shape 1,2,3 completes and with everything correct I just put the Sell/Buy stop a little bit above the candle number 3 candle right?


On the IMG... S = SELL / B = BUY

https://prnt.sc/qz19zv

Thanks for your time guys and sorry for my english.

EDIT 1 : Or do I have to wait after the first 123 V shape , and find the next V shape going the oposite side and make my entry from the oposite direction of the last 3 candle of the first V shape.
  • #436
  • Feb 7, 2020 10:09am Feb 7, 2020 10:09am
Quoting Alamhakim
Hi ghbdr, Would GbpCad long trade be a potential trade setup? If you could give an analysis would be grateful.
Absolutly. If the V shape formation completes go for it
Trade what you see
  • #437
  • Feb 7, 2020 10:12am Feb 7, 2020 10:12am
Quoting jun2005
Hey guys, I didnt understood quite the entry part. Sorry for asking dumb questions. Basicly when the V shape 1,2,3 completes and with everything correct I just put the Sell/Buy stop a little bit above the candle number 3 candle right? On the IMG... S = SELL / B = BUY https://prnt.sc/qz19zv Thanks for your time guys and sorry for my english. EDIT 1 : Or do I have to wait after the first 123 V shape , and find the next V shape going the oposite side and make my entry from the oposite direction of the last 3 candle of the first V shape.
Read the pdf. Breakout to new highs or lows is needed. Big elasticity on D1 of stochs and v shape completed. Then stop order 10pips above/below candle 3
Trade what you see
  • #438
  • Feb 7, 2020 11:06am Feb 7, 2020 11:06am
My first trade with this method. Collected 50+ pips. Thanks ghbdr.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
Click to Enlarge Name: Screenshot3.png Size: 66 KB
  • #439
  • Feb 7, 2020 5:51pm Feb 7, 2020 5:51pm
Quoting Xxyy
My first trade with this method. Collected 50+ pips. Thanks ghbdr. {image} {image}
What a beauty. This is the core of the system. So glad you Saw It. I was in and out on the same level and exact H4 confluence analysis. Walk the path!
Trade what you see
  • #440
  • Feb 8, 2020 9:08am Feb 8, 2020 9:08am
Hello,
I see a few entry possibilities for next week and I'd like to share them. Comments and corrections are welcome and appreciated.

CADJPY short.
Daily - price went through support and came back to it, now completed 123 candle pattern, elastic stochastic
4H - stochastic divergence
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH4.png Size: 56 KB


CADCHF short maybe after Monday candle close
Daily - price tests s/r after having gone through it, elastic stochastic. if Monday closes with a bearish candle it could be interpreted as a sell signal
4h - stochastic divergence
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFDaily.png Size: 59 KB

Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFH4.png Size: 57 KB
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