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...and a very last word to trendpullback, it`s invented and meant as scalping technique, look to L. Raschke, the person more or less making public this method..she has a mechanical "short skirt" system with ~ 66% win, claiming the discrete trades taken in her rooms are more ~90%, but this are...

chart..

indicators are more relliable on daily/weekly, but by trying to develop a mechanical system on the S&P you end up with the same crap, and the only way to see profits is a very complicated trademanagement with more contracts and a lot of multiple exits, adusting positionsize to volatility...

apply MACD on 10 years S&P, looks ugly, you was just lucky the single year...

Uups, not really an uptrend, again down, if long, stopped out again, if taking the 3. long, again ironically ~11138 you could have made 5 points with exiting MOC at 11143. I never could see a 10 point stop working and no 1 to 3 risk/reward... And this chart is not too special, i remember...

Mmm, seems to be a 2 cycle pullback, the second signals seems to work, so depending on your opinion you are long again or stopped out soon from the new possible shorttrend....if long again ~11138

i always miss the charts...

unfortunately it is a 2 cycle pullback and retraced another leg down to 11123, 15 points down of your entry, if still looking for a continuation of uptrend... The other interpretation would be a new downtrend starting and you saw the first pullback up...did you exit, may be not if looking for a...

chart...

Come on, you are facing a lot of probs looking for a pullback, pullbacks are made in one ore in 2 cycles, sometimes even 3, so if you take your first signal you often out with a small stop, next any indicator definitely lags and MUST lag, otherwise you have no confirmation....if you enable...

and this is just a crude system, it simply takes any break of the firsthour`s range to fade, regardless of the overall direction/trend or the direction of yesterdays daily bar, so may be there is more to develop by looking on more conditions....

Widerangebar is of course meant on daily...yesterdays daily bar has to be greater than the average daily range(5), this is a bad condition to play openrange Breakoutsystems, trading OR BO after a daily widerange bar is resulting in a steady declining equitycurve, so vice versa it`s just logical...

or the one contract version...

A widerangebar is defined beeing larger as 1.3 the average daily range of the last 5 days. The Entrypoint in this crude system is simply at limit at the new low/high if lower/higher than 5 (YM) points of the firsthour high/low. Only taking entries before lunchhour, means only the next 90 min...

I vergot to mention in the original rules for daily the last 20 bar high/low has to be 4 days away at least, so on 10 min I would suggest more ~ 8-10 bars min.

Next one you need no indicators... turtlesoup + 1... in the chartexample in the elipsearea you see the YM making a new 20 bar high at 11296 and closed over the last 20 bar high of 11285. The next bar ONLY you enter a sell stop 1 -2 tick under the last 20 barhigh... The last High before...

missed the pic...

if trying to fade a trend, wait for 3 cycles at least....

People are able to count up to 3 have an edge.... :-) Except in some very trendy environment, especially creepertrends, movements are more often than not done in 3 cycles. This pattern is called 3 little indians, 3 craws etc. sometimes it`s good to have a smooth indicator like stoch to better...

I have to add my 2 cents again...First I have to mention, this ET Forumstuff is not good for my tradingresults cause I lost discipline and have tried low probability entries in a marketenvironment not fitting my style and lost money by doing. That means I still have lot of psychological issues...