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D1 Elasticity Pullback Trading

  • #1,141
  • Mar 19, 2024 6:43am Mar 19, 2024 6:43am
profit locked
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Trade what you see
  • #1,142
  • Mar 19, 2024 6:55am Mar 19, 2024 6:55am
Quoting LaBoca
{quote} nope... {image}
Nice job man. Congrats
Trade what you see
  • #1,143
  • Mar 19, 2024 7:11am Mar 19, 2024 7:11am
Half target. I guess I'm more long biased.
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Fear is the mind-killer.
  • #1,144
  • Mar 19, 2024 7:25am Mar 19, 2024 7:25am
took profit on down sells and guns reloaded at elastic div. range expanded
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Trade what you see
  • #1,145
  • Mar 19, 2024 7:27am Mar 19, 2024 7:27am
sorry Joker im messing with your longs
Trade what you see
  • #1,146
  • Mar 19, 2024 7:44am Mar 19, 2024 7:44am
another profit lock and new round of buys
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Trade what you see
  • #1,147
  • Mar 19, 2024 8:08am Mar 19, 2024 8:08am
profit locked. I will wait for market to approach next targets
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Trade what you see
  • #1,148
  • Mar 19, 2024 8:25am Mar 19, 2024 8:25am
Hi guys,

first idea was basically right, besides drawing the fibs a little bit wrong. Still managed to be breakeven for the day because i love to sabotage myself -.-. Bias is still long. With Dr1 as Target.

Kind regards
Fabian
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  • #1,149
  • Mar 19, 2024 8:48am Mar 19, 2024 8:48am
Done. I call it a day
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Trade what you see
  • #1,150
  • Mar 19, 2024 10:27am Mar 19, 2024 10:27am
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Fear is the mind-killer.
  • #1,151
  • Mar 19, 2024 10:38am Mar 19, 2024 10:38am
Quoting MrJoker
{image}
Nice rsi/tma bands combo
Trade what you see
  • #1,152
  • Edited 11:13am Mar 19, 2024 10:42am | Edited 11:13am
Quoting ghbdr
{quote} Nice rsi/tma bands combo
Yes, I will test it for a longer time and share my conclusions privately with you. M1 is good in terms of SL size, you don't need too much and I like precise entries.
PS : I don't think it's groundbreaking or better than what you're doing now. I gave up searching for the Holy Grail a long time ago.
Fear is the mind-killer.
  • #1,153
  • Mar 19, 2024 11:03am Mar 19, 2024 11:03am
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Fear is the mind-killer.
  • #1,154
  • Mar 19, 2024 11:12am Mar 19, 2024 11:12am
Hi guys!

Sorry I've been a lurker for awhile trading this system. Thank you everyone for contributing. Like the M15 time frame using RSI in conjunction with the bands and Stoch. Get less entries but it feels comfortable.
  • #1,155
  • Mar 19, 2024 11:27am Mar 19, 2024 11:27am
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Fear is the mind-killer.
  • #1,156
  • Edited 12:10pm Mar 19, 2024 11:58am | Edited 12:10pm
Pretty big run on US30, made the mistake of cutting some longs and re entering afterwards again, problem is I saw the 4h stoch tilting slightly downwards before, so I was afraid price was gonna slingshot down, but it kept ripping, well I am still pretty new to the system so gotta get the grip on some situations like this one. Probably gonna try shorts once the 4h reaches OB and aligns with the other ones, there is still time and we could see a run down of the other stochs as a pullback where I could long again. Lets see what it does.

Entered on the divergence you can see down there, afterwards got in again on the failed down break
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  • #1,157
  • Mar 19, 2024 3:19pm Mar 19, 2024 3:19pm
Good Evening,

today wasn`t a good trading day, 10 pips lose. Need to stick to my plan and don`t jump around like a monkey in the jungle. I rewatched my entries and came to the conclusion that the day would have been quiet profitable if i just would shoot for 11 pips and leave the rest as runner. I don`t know why i fight myself with this approach alot but i will implement it.

Have a nice evening !

Kind regards
Fabian
  • #1,158
  • Mar 19, 2024 5:50pm Mar 19, 2024 5:50pm
Quoting MrJoker
{quote} Yes, I will test it for a longer time and share my conclusions privately with you. M1 is good in terms of SL size, you don't need too much and I like precise entries. PS : I don't think it's groundbreaking or better than what you're doing now. I gave up searching for the Holy Grail a long time ago.
holy grail is dedication and commitment. we both know it mate
Trade what you see
  • #1,159
  • Mar 19, 2024 5:57pm Mar 19, 2024 5:57pm
Quoting roanfox
Pretty big run on US30, made the mistake of cutting some longs and re entering afterwards again, problem is I saw the 4h stoch tilting slightly downwards before, so I was afraid price was gonna slingshot down, but it kept ripping, well I am still pretty new to the system so gotta get the grip on some situations like this one. Probably gonna try shorts once the 4h reaches OB and aligns with the other ones, there is still time and we could see a run down of the other stochs as a pullback where I could long again. Lets see what it does. Entered on...
The beauty of mtf stochs is that they let you ride the movement. Follow Big ones and dont get lost in smaller cycles
Trade what you see
  • #1,160
  • Edited 7:56pm Mar 19, 2024 6:52pm | Edited 7:56pm
Hi ghbdr,

I'm glad to see that you are reviving this thread. I have spent the last couple of weeks following and revisiting your and Spudfyre's posts, trying to understand your decision-making process. At this point, some things are clearer than others. Attached are your screenshots from yesterday's session. I have drawn what I believe were the reasons for your entries. I would greatly appreciate any feedback if I am mistaken or overlooking something.

Trade 1 - Short
A: 4h stoch going downwards, approaching 20, while the 15min is overbought (above 80)
B: Divergence between stochs
C: Price action wicks
D: Price at pivot point
E: Price is almost at 50% fib level

Note: This one I feel is a clear sell.

Attached Image (click to enlarge)
Click to Enlarge Name: T1.jpg Size: 1.5 MB


Trade 2 - Long
A: 30min & 1h stochs were moving up
B: Daily stoch is at 80%
C: Price action wicks (?)

Note: This trade isn't obvious to me

Attached Image (click to enlarge)
Click to Enlarge Name: T2.jpg Size: 1.6 MB


Trade 3 - Short
A: Again the 4h stoch is moving downwards and the 15min is overbought
B: Divergence between 1h and 30min stochs
C: Price action wicks

Note: This trade feels somewhat forced
Attached Image (click to enlarge)
Click to Enlarge Name: T3.jpg Size: 1.6 MB
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