D1 Elasticity Pullback Trading

Hey all, not a lot of trading time this week
Good to see you back on the forums mate

Afternoon all,
how do I open a panel like this in MT4 please?
thanks in advance

Morning Mr G's place...

Hola my friend, nice to see you back

Right click->depth of market OR Alt+B

50% Fib in confluence with levels...lets see how this goes

Wpivot

Thanks to ghbdr for the system. Very satisfying that you been trading this system for these long talks about the legitimacy of it.

I have been trying to digest the system for past few days. I read the main PDF even though I understand the system rationale got changes over years. I myself a big fan of 15m/1h in conjunction with H4 so the new upgrades are a plus.

I have couple of questions, and I apologies in advance if they were asked previously.
1. I found you said you don't use stop loss but manually close the trades. Now I don't want unexpected Drawdown. In that case where can I put my Stop Loss.
2. Regarding Take Profit, Do I take my profit and close the trade on the opposite OB or when the Stochastic crosses 74.6/23.6?
3. I see you drag your SL to Break-even when trade goes to profit. Could you give me some insight on when you feel comfortable to BE?

Regards
tiptoptrade

Taken from Q mid of mid

[quohte=tiptoptrade;15015781]Thanks to ghbdr for the system. Very satisfying that you been trading this system for these long talks about the legitimacy of it. I have been trying to digest the system for past few days. I read the main PDF even though I understand the system rationale got changes over years. I myself a big fan of 15m/1h in conjunction with H4 so the new upgrades are a plus. I have couple of questions, and I apologies in advance if they were asked previously. 1. I found you said you don't use stop loss but manually close the trades. Now I don't want unexpected Drawdown. In that case where can I put my Stop Loss. 2. Regarding Take Profit, Do I take my profit and close the trade on the opposite OB or when the Stochastic crosses 74.6/23.6? 3. I see you drag your SL to Break-even when trade goes to profit. Could you give me some insight on when you feel comfortable to BE? Regards tiptoptrade[/quote]

Stoploss and take profit is something very personal so you better try different Styles to decide which one suites you. Adr, fixed pips, etc. For Tp the same. You can ride fast stoch till opposite level a tale profits or parcials, you can let them run, etc. I cant give you advice on that issues. You have to try and find what IS BEST for you

too early, I make everyday exacly the same error, will have to trip over the same stone the necessary times, also learn to swim with the weekly h4 elast while taking the daily h1 too

Match entries with clear H4/D1 zones. Look where the sell took place on D1

that's a good imput, where I entered doesn't makes sense from the daily perspective, thank you

classic Tuesday
cheers all

one last trade before the day runs out

Morning. Yesterdays sell at mid of midQ and a price action box. H4 stoch cycle looks like changing. Will see how it develops

finally h1 elast from yesterday made his job and can save and collect from the too earlies

Morning...

Dpivot at H1 sync