TRADE SETUP - 4H Trend/4H pullback/15m pullback trendline breakout ENTRY Enter with a 15m Break-Hook-Go of 15m trendline breakout Take Profit 4H 50 sma Find 4H Macd over-extended bearish cross-over with wide space between Blue/Red lines Find 4H Bullish pullback Find 15m Bullish pullback Enter with 15m trendline breakout with a B-H-G
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The trend for the ETHUSD is bullish. There is a 4H bearish pull back forming which is developing another bullish entry point for this bullish continuation move. What I wanted to do is trade this 4H bearish pullback short term to see if there was any room for some small profit. As the 4H red bearish candles are forming there was a green 4H pullback candle. That candle is either going to continue bullish green or it will turn red for a little more bearish move. If it does go bearish I want to enter the trade from the 15m chart with an ascending trendline breakout short for a small profit. The 4H Macd is over extended bullish so there is a bearish pullback eventually coming.
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I was late to the game on this short trade. Trade setup was on the 2H chart with 2H pullback and 15m short entry from 1108.00 to 965.00.
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Appears now on the 2H there is a bullish continuation setting up. There was a bearish pullback 2H/15m trendline breakout entry setup long.
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Pair is beginning to build it's bullish continuation momentum & strength.
What happens when you forget about market conditions outside of your TA indicators?
Tradingstrategyguides
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@CB58, What are your thoughts concerning the question you posed?
CB58
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@Tradingstrategyguides, this is way complicated and with so much focus on computer the news can wipe you out twice as fast. The indicators won't tell you until it's too late.
Tradingstrategyguides
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@CB58, Very thoughtful. Fundamental knowledge is an important part in trading. News items can effect the market quickly and influence the market direction for hours. There is a balance though between fundamental and technical trading but you have to anticipate outside influences as well as repeatable market patterns.
rmrezai
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dont understand? what are you talking about?
Tradingstrategyguides
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@rmrezai, The trend for the ETHUSD is bullish. There is a 4H bearish pull back forming which is developing another bullish entry point for this bullish continuation move. What I wanted to do is trade this 4H bearish pullback short term to see if there was any room for some small profit. As the 4H red bearish candles are forming there was a green 4H pullback candle. That candle is either going to continue bullish green or it will turn red for a little more bearish move. If it does go bearish I want to enter the trade from the 15m chart with an ascending trendline breakout short for a small profit. The 4H Macd is over extended bullish so there is a bearish pullback eventually coming.
airatru
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BS
Tradingstrategyguides
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@airatru, The trend for the ETHUSD is bullish. There is a 4H bearish pull back forming which is developing another bullish entry point for this bullish continuation move. What I wanted to do is trade this 4H bearish pullback short term to see if there was any room for some small profit. As the 4H red bearish candles are forming there was a green 4H pullback candle. That candle is either going to continue bullish green or it will turn red for a little more bearish move. If it does go bearish I want to enter the trade from the 15m chart with an ascending trendline breakout short for a small profit. The 4H Macd is over extended bullish so there is a bearish pullback eventually coming.
999Levin
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Are you OKAY that's total BS
Tradingstrategyguides
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@999Levin,The trend for the ETHUSD is bullish. There is a 4H bearish pull back forming which is developing another bullish entry point for this bullish continuation move. What I wanted to do is trade this 4H bearish pullback short term to see if there was any room for some small profit. As the 4H red bearish candles are forming there was a green 4H pullback candle. That candle is either going to continue bullish green or it will turn red for a little more bearish move. If it does go bearish I want to enter the trade from the 15m chart with an ascending trendline breakout short for a small profit. The 4H Macd is over extended bullish so there is a bearish pullback eventually coming.