Stop is now at 1.4935.

MTF Trend-Pullback Trading

Added — Added to the short position at 1.49122 with a tight stop at 1.4945 (three Gann dots back); add-on entry is on the right-most candle of the attached chart, when MACD reverted to red. Stop of original position is also at 1.4945 now. If ...

MTF Trend-Pullback Trading

Trailed further to 1.4950 (highlighted)

MTF Trend-Pullback Trading

Stop trailed — I trailed my stop to 1.4965 (see highlighted Gann dot on chart). If things go well, I should be able to add to the position when MACD turns red again. Jesper

MTF Trend-Pullback Trading

Short GBPUSD, trade update — The EURUSD short of last week (post #49) is still alive but not doing too well. It dipped briefly into profit yesterday and is now again showing a loss of about 20 pips. Other trades I have open but which are not ...

MTF Trend-Pullback Trading

Hi, I don't use pivots. The levels drawn on the chart depend on your broker's time-zone, the pivot method used, and apparently the indicator itself. So I find them totally artificial. Same in my book with Fibonacci retracements or extensions -- ...

MTF Trend-Pullback Trading

Please refer to post #49 for charts and entry time; I sold Friday at 1.35767: url Jesper

MTF Trend-Pullback Trading

Correction — Apologies. Coming back this morning I noticed that I had closed a different position on Friday night. The EURUSD trade presented here is still open, and it is currently about 60 pips in the red. I would have closed it had it been ...

MTF Trend-Pullback Trading

I modified this to show only the arrows (alerts must be set to "true"); pop-ups and and e-mail are disabled, and it comes with my own color settings. You can modify those in the indicator properties or, if you want different default settings, by ...

HA T3-1 System

Hey, Never meant to accuse you of clogging... Stops and targets I guess are the biggest struggle for everybody. Because MTF is clear on which chart shows the trend, in other words uses that as a reference frame while watching the price action on ...

MTF Trend-Pullback Trading

Hi, I am not posting all and every of my trades from this system (this is not a trading journal), but when I do the charts are uploaded immediately after I did the transaction (enter/modify/close a trade) or would be annotated accordingly if posted ...

MTF Trend-Pullback Trading

Well, it's really very simple. If you can predict the next step with 99.99% accuracy, you can predict the second step with 99.99% * 99.99% = 99.98% accuracy. After ten iterations you still have 99.0004% accuracy, after 60 iterations 99.42% accuracy. ...

future t3ma

EURUSD closed — Closed the trade manually for 24 pips of profit because I prefer not to keep trades open over the weekend. Jesper

MTF Trend-Pullback Trading

Hard to say what the success ratio is long term. I also trade this mixed with other setups and it has been evolving until lately, so I do not have statistics yet. This is not a system to be watching the monitor all day for signals. The idea is to ...

MTF Trend-Pullback Trading

NZDUSD stopped out — Yesterday's trade stopped out for 10 pips profit. H4 trend also showing signs of bullish reversal (again, no questions about the Stochastics, please).

MTF Trend-Pullback Trading

Sold EURUSD — Bit risky with NFP coming up later today, but still believing in the fundamentals behind the trade (spell G-R-E-E-C-E). EURUSD in early Europe/pre-London fell back below yesterday's New York close. H4 gave a sell signal some six ...

MTF Trend-Pullback Trading

With respect, I disagree with you. Automated trading with expert advisors is not for newbies, but for experienced traders. When you leave trade decisions to an expert advisor, you should fully understand the logic behind it -- understand and endorse ...

HA T3-1 System

Are you looking at H4 for trend and H1 for entry? For me, that would be too close to get pullback and entry chances. Or are you deciding which of the two to use as trend? On the H4, Heikin-Ashi is just flip-flopping around close to 0 -- not ...

MTF Trend-Pullback Trading

While I was sleeping... — NZDUSD consolidated where I left it when I went to bed. The Gann resistance dots now allow me to trail my stop and start adding to the position. For now, I will leave it with 10 pips locked in; I won't be able to ...

MTF Trend-Pullback Trading

Trade update — Not exactly by the book, but I am going to bed so I wanted to take the risk off while the trade is in profit -- I mentioned in the PDF that if I am away from the PC, I would either trail the stop or hedge the position, so that ...

MTF Trend-Pullback Trading