BB & Candles - 15 min

Less is more.
Nice clean chart based on price action and the bb bands.

Looking for pullbacks.
They can be found when after a good run a candle closes outside bb and the next candle closes inside.
TP 20, SP 20

MACD base one is there to spot divergences which means the trend is weakening.
Not necessary for a divergence in order to enter, but can indicate the strength of the pullback, maybe a reversal.

Sample trade - I don't plan on staying in for the full 20 all the time. It is a high probability of success strategy for at least some pips.
The stop is there in case of an emergency.

The bright colorful sideways lines on the bottom show market openings and closings.
The MACD in mt4 is calculated incorrectly. Don't know why they don't fix it.
The training2.mq4 is a simulator expert.

Cleaned up the chart even more.
Two charts... the day chart with a moving average cross. 5 simple and 5 linear weighted.
(I know someone who trades this cross on the day candles and does very well.)
But I am using it to determine trend direction.
On the 5 minute only taking trades in the direction of the trend.
That way even if I didn't get the entry quite right it should come around eventually.
These day candles on EURUSD are flattening out. So trades should be able to swing either way but with an uptrend bias since there is probably going to be some profit taking here after the big move down.
The is how the chart looks now. I took the 20 sma out and put a 14sma in instead. The prices cross it a little sooner. I use it as trailing stop.
Results were very very good on the simulator until I took a trade against the trend...
So this going to be a big factor.
The day candle was in a flat to up trend so I only took long positions...
I could see from the price action that although there pull backs there was much more force for the buying than the selling.

Watching the action on the different time frames.
A better entry was several candles ago. But it's a demo. Helps to keep my attention if I actual enter so I can study how the markets move with this strategy overlay.
This is the 30 minute. I'd forgotten about the significance of the 400 sma. The green line.. It's a real magnet...
Trading bias is flat to up on the day candles.

I should probably be posting in the journals forum. Guess I'll move over there.
http://www.forexfactory.com/showthre...03#post9218903