Alicia you call this tendency pullback but I am not visiting you take transactions on a real pullback. You might choose to use PA to come across the right place to select the pullback like on this chart
Alicia you call this tendency pullback but I am not visiting you take transactions on a real pullback. You might choose to use PA to come across the right place to select the pullback like on this chart
I didn't. It was early to post the chart.Originally Posted by ;
Perhaps you ought to have stated, Setting up??
Trends pull-backs are two completely different beasts.Originally Posted by ;
With your system, For pull-backs I'd use the 15m into 1H charts.
For fad changes you need to use the 4H Daily charts
Also I'd recommend trading Trend Friendly pairs such as AU Gold. EU is unquestionably not fad friendly.
Thanks.Originally Posted by ;
By tendencies and pull backs refer that you first should find the trend and after that you want to await the pull back after which you enter your own risk together with your own trigger.
Step #1 trend is up when the 20 SMA closes above the 100 SMA.
Step #2 Price retest the KC or STOCH (8) retest the 50 level.
What cause to use to enter your transactions and prevent loss /take profit is left up to you.
Oil published all of the sell signals to enter short.
Where would you plce your stoploss and take profits?