Thread: TPT - Trend pullback trading

Originally Posted by ;

Thank you to discuss your way trading its own appearance great way have query price must be close above pday just or may entry trade if price closed over r1 evening or r2 day

Way, just look for next area of resistance in buy or support in sell. When it's far enough off its worth the risk.

Instance of which range no-trade and legitimate trade today.

Example of moving to lower time frame to get legitimate entry and far better price. I enjoy that CCI 15 alters colour.

There is also a valid earlier entry on 5m chart at 9:50am (broker time)
that I haven't talked about yet.

What is the perfect timeframe to use this assume lower TF for entrance but opinion should be on the 1HR?

Originally Posted by ;

What's the perfect time to use this egy, assume lower TF for entry but general view ought to be around the 1HR?

Hey Ned:

The ideal TF is defined by the market action. I'll keep several TFs such as 15m and 1hr and search for a clean sign. The move from the Euro Yen looked good and was large. The downward move reaction was best viewed on a 5m (see chart). So I browse through TFs looking for clean signs. When I find one, then I may go to lower TF looking for entry that is much better ; sometimes that works, sometimes not. During Asian , sometimes I try to find entrances that are 1m, heading for scalps and'll begin at 5m. Markets have been more volatile so TFs are currently revealing clean signs than in the summertime.

HI Thruline,
began analyzing your egy.
Can you elaborate about the entry condition after the pullback? I noticed that occasionally you enter on sometimes bar and the bar on the same trend.
From the EJ above, the first arrow shows entry when the current white bar is significantly greater than most of the bars on the leftside. But for 3rd and 2nd arrow, a white bar is to the leftside.

Hope that you can provide more insight about this. ?

Thanks.

Ni

Hi Ni:

The second arrow is the one where I entered a tiny early on a lowly TF. See of the white pub shadows? I will move in on the shadows occasionally if there's a fractal on a lowly TF (see charts below). The principles are to wait for a break of the prior high or low (fractal). On the arrows I did wait for a break of the large. I'll usually set stop orders in just beyond the last high or low. Sometimes, like the arrow that is second, I will move in early, dependent on a signal on TF that is lower. If you are trading off an chart, for instance, it's always good to go to some 5m, 15m or even 30m chart and look for a better entry. When I held on to trades more, the second entry would not be necessary...:--RRB-.

I set the fractal arrows into make it simpler:

Hi Thruline,

This is current EURJPY on the M30 interval, together with all the trendline (blue) and both CCIs (blue) pointing into a buy signal.



(1) The pullback candle has formed (green up arrow), so we will have a buy entry once price moves past stage A (fractal)?

(2) As price proceeds, a new fractal is formed (B) while we are waiting for our entry. Can we now move our buy ?

Thanks!

Hey Pilot:

Are you Certain that Is EurJpy? I've got different price levels and activity in my chart. But just taking a look at the setup, the problem with it is the market appears to have gone into a trading range. JPY pairs can be ok during market but generally its choppy and you might choose to utilize a 5m or 15m chart as your foundation. Smaller TFs.

I posted the exact same time period under a 15m chart as the foundation, 5m chart as entry. Using 5m for entry puts you in 3-4 pips before. This trade wasn't taken by me. There was a couple of trades during NY session using 15m chart as foundation.

EURJPY later during NY trading session. Sell installments really wash. An ABC correction is followed by the first one. It can be a big movement If the fractal breaks following a ABC correction. Await quality signs and hunt for them. They work out, Should they seem right. Attempt to ch move and the 1st. Chances go down.