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breakout pullback strategy 0 replies
Disliked{quote}I am curious about the meaning of the Stochastics in this strategy. Can you explain please. Personally, my opinion is "less is more" concerning the amount of indicators. The more you use, the more confusingIgnored
Disliked{quote} Hi luvene It is a personal option. I like the stochastic. Each trader is different and my advice to you (if you allow me) is that you create your charts according to your personality as a trader. I do not want to confuse you. The strategy of this thread does not use Stochastic or other indicators also always put on my charts (significant levels, tick value, etc ..) My charts are clean for me. Maybe, for you they have too many indicators but that is not a problem because you will not use them.Ignored
DislikedWouldn't it be less risky for those trading this strat if you lot actually wait for a close below the breakout low for SELL and close above the breakout high for BUY? To reduce your chances of a fake out? of course they could still occur but at least you would've reduced the frequency My lil contribution, cheers!Ignored
Dislikedlet me help the group with this to make ur trade a clean one, if using 15 min then use the daily meter, if using the 1hr chart then use the weekly meter. i got these indi from a friend.and are very powerful and exceptional. {file} {file}Ignored
Dislikedthink it was like this after first pullback, not sure why the trade wasn't entered earlier...see chart {image}Ignored
Disliked{quote} I saw a range. I understand, then, that although the price is in range, entry rules do not change, right? Thank you very much Stonyheart! {image}Ignored
Disliked{quote} Correct, a range, but rightly you must enter at the breakout of the range, which is my point of entry in my image. You cam in too late. Frequently, in a range there is a last pullback before the break, where the price takes its strength. USDJPY it's ok ! But tronner you are in the right track to succeed in this trading style.Ignored