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D1 Elasticity Pullback Trading

  • #461
  • Feb 11, 2020 12:46am Feb 11, 2020 12:46am
Closed the NZDCAD +149
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADDaily.png Size: 57 KB
  • #462
  • Feb 11, 2020 12:54am Feb 11, 2020 12:54am
Pending CADJPY
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 82 KB
  • #463
  • Feb 11, 2020 8:00am Feb 11, 2020 8:00am
Quoting piptalk
Closed the NZDCAD +149 {image}
Nice one. I have been profiting on that setup, too.
also having a CADJPY short pending
  • #464
  • Feb 11, 2020 8:02am Feb 11, 2020 8:02am
cosed AUDJPY at 0.5R. Pretty frustrating because it has been already below 2R.
also closed EURCHF in slight profit. I had waited for this trade to turn positive for a week. It was an entry one candle too late.
long on GBPNZD since yesterday, short orders on CADCHF and CADJPY.
probably going to delete CADCHF order soon.
  • #465
  • Feb 11, 2020 9:17am Feb 11, 2020 9:17am
Quoting ewebb205
{quote} well alrighty than fellow trader. let the understanding begin...... ghbhr? care to comment?
Yes you should wait for a v shape formation the only exception is the HH LL failure in the form of pinbar, hammer. This not the case
Trade what you see
  • #466
  • Feb 11, 2020 9:18am Feb 11, 2020 9:18am
Quoting piptalk
Closed the NZDCAD +149 {image}
Nice to see people making profits with the system!
Trade what you see
  • #467
  • Feb 11, 2020 10:35am Feb 11, 2020 10:35am
Quoting ghbdr
{quote} Yes you should wait for a v shape formation the only exception is the HH LL failure in the form of pinbar, hammer. This not the case
Yes sir. Thank you. And also thank you Gabba as well
  • #468
  • Feb 11, 2020 10:38am Feb 11, 2020 10:38am
Ghbdr. Would you mind posting some of your entries a few more times for the slower learner's (me) . I noticed that you were already short on audusd. When you anounced your take profit a few days ago. Or I could have missed it if you did.
  • #469
  • Feb 11, 2020 10:41am Feb 11, 2020 10:41am
Quoting ewebb205
Ghbdr. Would you mind posting some of your entries a few more times for the slower learner's (me) . I noticed that you were already short on audusd. When you anounced your take profit a few days ago. Or I could have missed it if you did.
Ok I Will. Been busy for some weeks but when I find time I Will upload some pics
Trade what you see
  • #470
  • Feb 11, 2020 1:40pm Feb 11, 2020 1:40pm
Thank you
  • #471
  • Feb 12, 2020 4:57am Feb 12, 2020 4:57am
long on GBPCAD
aiming for TP 1.5R ... at least 1R

I just noticed ... this is more like a bounce from a previous s/r level
Not a break of s/r and pulling back to it

@ghbdr
could you please comment on the validity of this entry?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 47 KB
  • #472
  • Feb 12, 2020 5:35am Feb 12, 2020 5:35am
Quoting gabba
long on GBPCAD aiming for TP 1.5R ... at least 1R I just noticed ... this is more like a bounce from a previous s/r level Not a break of s/r and pulling back to it @ghbdr could you please comment on the validity of this entry? {image}
Its a risky one yes. I prefer the break and retest setup. Also notice that a reversal short formation on W1 is completed so look for shorts. The long is not an option with this scenario
Trade what you see
  • #473
  • Feb 12, 2020 8:58am Feb 12, 2020 8:58am
Quoting ghbdr
{quote} Its a risky one yes. I prefer the break and retest setup. Also notice that a reversal short formation on W1 is completed so look for shorts. The long is not an option with this scenario
thank you for your comment.
I shall watch out for that in future. break and retest seems to offer a higher probability for profit
the reversal short formation on W1 you mention, do you refer here to the lower high?
  • #474
  • Feb 12, 2020 9:28am Feb 12, 2020 9:28am
Quoting gabba
{quote} thank you for your comment. I shall watch out for that in future. break and retest seems to offer a higher probability for profit the reversal short formation on W1 you mention, do you refer here to the lower high?
Exactly Im talking about the weekly LH reversal formation. Break and retest are the best setups. Go for them and let the others pass
Trade what you see
  • #475
  • Feb 14, 2020 6:47pm Feb 14, 2020 6:47pm
@ghbdr
thank you for clarifying

I have spotted this one on NZDUSD.
on daily chart price retests s/r with a 123 candle formation with elastic stochastic
on 4h chart there is a slight hidden divergence
on weekly and monthly charts lower lows and lower highs
what bothers me a bit is the huge second candle. what do you think a bout this?

would you say this is still a valuable short setup?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 55 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 62 KB
  • #476
  • Feb 15, 2020 10:54am Feb 15, 2020 10:54am
Quoting gabba
@ghbdr thank you for clarifying I have spotted this one on NZDUSD. on daily chart price retests s/r with a 123 candle formation with elastic stochastic on 4h chart there is a slight hidden divergence on weekly and monthly charts lower lows and lower highs what bothers me a bit is the huge second candle. what do you think a bout this? would you say this is still a valuable short setup? {image} {image}
For me its not a valid set Up. It looks like a bull reversal pattern. Candle 1 look like candle 2 in the bull setup. Also candle 3 has a small rejection indicating bull pressure. doesntt look good to me
Trade what you see
  • #477
  • Feb 16, 2020 3:24am Feb 16, 2020 3:24am
Quoting ghbdr
{quote} For me its not a valid set Up. It looks like a bull reversal pattern. Candle 1 look like candle 2 in the bull setup. Also candle 3 has a small rejection indicating bull pressure. doesntt look good to me
thank for your answer.
so the 123 candle pattern should not just have some kind of v-shape. it has to meet detailed criteria to serve as an entry signal?
  • #478
  • Feb 16, 2020 5:53am Feb 16, 2020 5:53am
Here goes a EA to trail the stop behind the Low or hi of candle, stop loss according to ATR, Breakeven function, and more things.... May be someone find it useful.
Have a good day all.
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 1,002 downloads
File Type: ex4 THV CaveManager v1.41.ex4   63 KB | 469 downloads
“Stops don’t limit profits — they prevent disasters.”
  • #479
  • Feb 16, 2020 8:52pm Feb 16, 2020 8:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 2-16-20.png Size: 53 KB
  • #480
  • Feb 16, 2020 8:54pm Feb 16, 2020 8:54pm
the 4hr is looking bullish but possibly a last push higher before turning lower? just an idea anyway.
any suggestion?
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