Trading SR Break with pullbacks
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Thread: Trading SR Break with pullbacks

  1. #1
    Hello everyone

    I have been looking at this manner of investing for a while and it seems promissing on any timeframe. I started of about 5min then worked it up to 4H and it realy appears if this may be profitable. I'd like to know if anybody is trading this manner and if anybody has any ebooks about this.

    This is how it works:

    5min Trade:

    This case we had a range station on the pund. At 7gmt we draw ower station or trend lines and wait for break.

    @ 9:40 gmt we had a break Close beneath the support after wich the market had a bull candle. The Trigger line is the low of near of the candle the closed under the support the 9:40 candle in this instance

    a Sell order was put at 1.9511 along with the 10:00 gmt candle triggered the brief entry with a SL in 1.9531. I had been looking at accepting 34 - 40 pips goal but if a new Trendline is taken out with a pullback and trigger, I might just close for the afternoon.



    4 Hour trade:

    That is a recent trade, we had a triangle and then a fracture. We wait for a pullback of more bull candles. We found 1 and put a sell on 1.9427 with a 50 pip SL notice it is 4Hour chart. A goal of 200 points is nicly met.

    I'll be posting a 5min setup in the mornings as I get some time. I like the 5min setup better as there's a 40 pip exchange every day.

    Maintain well
    Jk


  2. #2
    This is a easy price action methodology. I enjoy it unlike the other indior systems here its not possible to change every time the market changes. Good luck with this work; its really excellent

  3. #3
    Quote Originally Posted by ;
    Hello everyone

    I have been looking at this way of trading for some time and it seems promissing on any timeframe. I started of on 5min then worked it up to 4H and it realy looks if this may be profitable. I'd like to know if anyone has some ebooks with this and if anyone is trading this manner.

    This is how it works:

    5min Trade:

    This case we had a range channel on the pund. In 7gmt we draw ower channel or fashion lines and wait for break.

    @ 9:40 gmt we had a fracture Close beneath the service after wich the market had a bull candle. The Trigger line is the low of close of the candle the closed beneath the service the 9:40 candle in this case

    a Sell order was put at 1.9511 along with the 10:00 gmt candle triggered by short entry using a SL at 1.9531. I had been considering accepting 34 - 40 pips target but when a new Trendline is performed using a pullback and trigger, I would only close for the afternoon.



    4 Hour commerce:

    That is a recent commerce, we had a triangle and then a break. Now we wait for a pullback of more bull candles. We found 1 and put a sell on 1.9427 using a 50 pip SL notice that it is 4Hour chart. A target of 200 points is nicly met.

    I'll be posting a 5min setup in the mornings as I get some time. I like the installation better as there is a 40 pip exchange daily.

    Maintain well
    Jk
    every single time you begin thread them moving long time disap...

  4. #4
    That is todays 5 minute commerce:

    We had a pullback into the Europian Markets open if the GAP craked that the TL that has a small pullback. A Sell order on 1.9267 was placed with a Stop at 20 points higher and TP of 40 points.

    Inside 15 mins that the order was started and shut with 40 points profit 36 pips.

    I will try and get it uploaded prior to tommorws break.


    Maintain well

    JK

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