Re: Trading Pullbacks System
Posted: Fri Mar 29, 2024 12:52 pm
yeet
https://www.forex-station.com/
yeet?
Slang for forcefully threw something
Hi, I'm New please can You check, when I load this system on my Chart the MT4 get very Slow!!, Thanks!Meyney wrote: Fri Dec 25, 2020 12:00 am Trading Pullbacks System
Trading pullbacks with trendline break.
First target is previous high / low.
Be selective: for example if the MA's are flat there is no clear direction, move to another pair or other timeframe if you notice this.
Stop Loss: can be previous high/low or even better one before. If you scale out on 1st target do not forget to scale out also when the trade moves against you otherwise you will take a full SL, in other words your
moneymanagement is out of balance. If price crosses the red/blue MA be careful this can be a change in trend.
Why trade pullbacks?
cheers M.
- We want a proper price/entry= no chasing.
- We will wait for a proper move first.
- When the breakout traders or indicator traders (when all 15 indi's ailgn) enter we can bank our first target.
- ZOOM OUT!
Version 13-3-22. Added MTF SD zones and AO histogram (for peaks and valleys/plotting trendlines-pullback). Switch timeframes and see how price moves/bounces at the SD zones. MA's are used as a 'trendline'. MTF SD zones are set to 15M 1H and Daily in this template. When they cluster with a round number head's up.
I remember the mano rounder indi can slow down MT4.fredysotoj2016 wrote: Wed Apr 03, 2024 11:39 am Hi, I'm New please can You check, when I load this system on my Chart the MT4 get very Slow!!, Thanks!