D1 Elasticity Pullback Trading

GU sell from wh3/qh3. Price might want to test the wr1/qr1 area on the top one. As Diggz said earlier, it's important to be proactive rather than reactive sir. Wishing everyone a good trading week.

I like the elasticiy formed on 4H

Thank you so much

GU, reaction from standard pivots. My last trades in GU are almost all sells. Need to break the bias.

Hey mate I dont understand where is the stoch elasticity ? cant see it or you use a different strategy ?

No elasticity. Here we use fibs too for reversal trading. There is no strategy on this thread. Just some trading principles applied from a personal view. Here my euro trade based on fib extension. Slowly cooked

I thought the thread was only for the elasticity

took the opposite trade by the way haha

Hi mate, as ghbdr said, there is no elasticity but I can base elasticity as a confirmation from time to time, in my charts I indicate all the parts that help me to take the trade. When we base trades on only one directive we systematize our methods and the other parts start to make no sense, I know you mentioned the page concept but I have no doubt we can help each other more this way.

It was when It started and I recomend following only elasticity till consistency is achieved. Nowadays for me different types of trades are considered and traded with different tecniques. Swing highs and lows with fib ext, sd zones matching Q etc

Fib Ext type on play

A bit late in posting but will give you the general idea of how I operate. Most trades are only ever taken out by follow up adjusted stops with the exception of coarse when I am unable to be about at target were a set target profit is placed.
Break out using price action and the added above GHBDR stochs is a very powerful approach.
Stochs are on a seperate chart, reason is I try to keep the primary trading chart as uncluttered as possible to enable a primary unbiased look at price action when hunting workable breakouts.
Just a point here, as we know all markets and people have there own variable personality which changes from time to time, meaning you must be able to adjust your approach and style to keep trades with in a profitable and safe boundry, being able to see and add a break out method while using different time frames reduces you risk tremendously, my trades at a quick glance have allmost halved my knock out on certain trades when they are developing for the move and that alone on short time frames has a huge effect on profit.
All the best with your hunt for trades.

morning all

quick double top scalp. moved to b/e early cause it's been going up all day

GU sell from qh3/4.

NZDCAD nice touch on the 1.618

hi all. H4, D1 and W1 stochs giving the fast ones a tug

Trying the UJ today

AUDCAD

Thanks for the inspiration GHBDR =)

quick round from a lonely wick, some good stuff on the left and dpivot. buyers couldn't even get it back to dopen so down it is. some nice stoch divergence too up there

1.618 level again