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fxrabbiM15Bomb: PA Around Breakout & Pullback Trading

  • #21
  • Jul 13, 2015 7:26am Jul 13, 2015 7:26am
Quoting bapakjason
{quote} what's the name of your stochastic oscillator in your download zip? thank you -jason


When you load the template you will see them there.

Cheers,
Yomi
Time always comes before price
  • #22
  • Jul 13, 2015 8:14am Jul 13, 2015 8:14am
Quoting fxrabbi
{quote} When you load the template you will see them there. Cheers, Yomi
ok, i see what you have done now. thanks!
  • #23
  • Jul 13, 2015 8:22am Jul 13, 2015 8:22am
Quoting bapakjason
{quote} ok, i see what you have done now. thanks!

Time always comes before price
  • #24
  • Jul 13, 2015 10:33am Jul 13, 2015 10:33am
That's a good system.

Could you explain more detail about using Stoch to Trend Direction and Strength?

Thanks,
  • #25
  • Jul 13, 2015 12:25pm Jul 13, 2015 12:25pm
Quoting fxrabbi
Taking Trades: Stochastic Oscillator: 1. Rope - Trade the rope. 2. Combs in Threads - Stay in trade. 3. Fishnet in Threads - Stay out of trade. NB: When all the stochastics converge together we'll see one thick line and that is when we trade. We just follow the trade until our rope beings to unravel. Cheers, Yomi
Could you give examples of each? Sure would appreciate it as I don't know your meaning of each.

Thanks
  • #26
  • Jul 13, 2015 5:07pm Jul 13, 2015 5:07pm
Thank you Yomi for this new thread, I will certainly be following along !
  • #27
  • Edited 5:24am Jul 14, 2015 5:04am | Edited 5:24am
EURJPY to BE +10pips


Trade Ideas:

1. Pullback Setup - (touch of 10EMA).
2. CCI - Momentum ( after the pin bar, kingpips confirm the move).
3. Strength.
4. Sync in pairs.
5. Stochastic Oscillator - (Long Stoch has form rope - red color, good to go long).


Cheers,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 41 KB
Time always comes before price
  • #28
  • Edited 5:53am Jul 14, 2015 5:40am | Edited 5:53am
When determining the direction, we see that price is below the 35/50 MAs on the H1 timeframe:

Attached Image (click to enlarge)
Click to Enlarge Name: h1-down.png Size: 59 KB


but M15 is currently in a minor uptrend (price above the MAs), so does this mean that we must wait for a short signal to occur on M15, i.e. wait for a downtrend to form on M15 ?

Attached Image (click to enlarge)
Click to Enlarge Name: m15-down.png Size: 61 KB



.. or, H1 might break the MAs to the upside and then we will have a change of direction ??

Basically, my question is: do we need confluence of direction in both H1 and M15 for a valid setup ? or could we just trade off the M15 direction directly ?

I'm assuming yes (confluence) but please confirm. thanks!
  • #29
  • Jul 14, 2015 6:04am Jul 14, 2015 6:04am
Quoting tradista
When determining the direction, we see that price is below the 35/50 MAs on the H1 timeframe: {image} but M15 is currently in a minor uptrend (price above the MAs), so does this mean that we must wait for a short signal to occur on M15, i.e. wait for a downtrend to form on M15 ? {image} .. or, H1 might break the MAs to the upside and then we will have a change of direction ?? Basically, my question is: do we need confluence of direction in both H1 and M15 for a valid setup ? or could we just trade off the M15 direction directly ? I'm...
Yes, the more confluence your setups has, the higher the probability it has to react the way you believe it will.

Yomi
Time always comes before price
  • #30
  • Jul 14, 2015 6:40am Jul 14, 2015 6:40am
Yomi,

I wrote some notes on your last chart in order to understand your reasoning behind the trade.
Could you please comment on it ?
Many thanks!

Attached Image (click to enlarge)
Click to Enlarge Name: fxrabbi-trade-distilled.png Size: 84 KB
  • #31
  • Edited 7:10am Jul 14, 2015 6:56am | Edited 7:10am
Quoting tradista
Yomi, I wrote some notes on your last chart in order to understand your reasoning behind the trade. Could you please comment on it ? Many thanks! {image}
Good job: I like what you did.

1. The Rope is for the downtrend move:

2. Don't forget the pin bar before the entry, is the key. ( two bars retracement is good for our entry - pullback trading ).

NB: Every others illustration are perfect.

Weldone

Yomi
Time always comes before price
  • #32
  • Edited 7:14am Jul 14, 2015 7:03am | Edited 7:14am
Pullback Trading:

I normally take two types of them:

1. Pin bar follow by kingpips - post 27.

2. 5ema follow by kingpips - watchout for this (5ema is the other red and lime arrows).



Cheers,

Yomi
Time always comes before price
  • #33
  • Jul 14, 2015 7:21am Jul 14, 2015 7:21am
Stochastic Hints:

The rope is your strongest point.

1. Do your buy and sell when is crossing the 50 line.

2. Do your buy and sell when is at 20/80.


Cheers,

Yomi.
Time always comes before price
  • #34
  • Jul 14, 2015 7:38am Jul 14, 2015 7:38am
Updated analysis

Attached Image (click to enlarge)
Click to Enlarge Name: fxrabbi-trade-distilled-2.png Size: 93 KB
  • #35
  • Jul 14, 2015 7:43am Jul 14, 2015 7:43am
Quoting tradista
Updated analysis {image}

Thank you. excellent job. I will add this to post 1.

Yomi
Time always comes before price
  • #36
  • Last Post: Oct 20, 2025 12:06am Oct 20, 2025 12:06am
Quoting fxrabbi
{quote} posted above
It appears the indicators and templates are no more, could you repost them. Thank you.
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