i believe the bullish HD on m5 didn't play out yet...
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DislikedLilmoe,
that divergence stuff is great.
I did studied it on babypips several times..great, but this is a little advanced.
Another thing is that I was afraid of last night Divergence when we reached 148,50 and that one worked good till now.
Todaz I opened one trade so far, I close it, scalping for me too risky NOW.
Very boring..today
I do not know what are we waiting..I believe again for NY.Ignored
DislikedLooks like we're getting it on the 15m too.
Is that bearish HD on the daily?
Price hit daily gann too with a hanging man candleIgnored
Dislikedsomething worth mentioning:
I have been using this method to confirm 5sma retracements as well. i would know if (for example) a 4h 5sma retracement is due (with high probability) when momentum is pointing to the direction of 5sma AND if a lower TF is signaling a classic divergence. 4h 5sma (in this case) will hold IF 50ema of that lower timeframe (with a hidden divergence) is at the same price level of 4h 5sma. You can call this lower timeframe filtering of higher timeframe 5sma retracements.
[indent][i][u]this...Ignored
DislikedHi Lilmoe,
I'm still having trouble with the above statement, perhaps it's just me being dumb....haha
I'm reading that a 4hr 5sma retracement will occur and remain valid for an entry long when mom is pointing to the 5sma and a lower TF is showing classic diverg. But... you also say that if the 50ema of that lower TF with hidden diverg...
That's saying that the lower TF will have both types of diverg
Maybe I'm reading it wrongIgnored
Dislikedif u have multiple screens, it's always best to keep all TFs open in small windows, once u get used to it, it'll become really easy to look at all of them in a glimpsIgnored
Dislikedlong from 1hr 50ema, half off at 15m 50ema, stop moved to +20
EDIT: Should have TP at 15m 50ema, didn't see the bearish HD on the 1mIgnored
DislikedCheers Lilmoe,
I'll read thru this a few times and watch it on the charts. Getting there for sureIgnored
DislikedYea bud, hit my stop at 145.81 then shot off again
I'm going to go steal the mrs' 21" screen and get my old 17" outta the shed. 3 of the suckers should so the trick.
I see very clearly how you work now lilmoe.
Ingenious stuff mate.Ignored
Dislikedgreat, but i would suggest keeping that old monitor of urs and going for a multiple monitor setup, would look betterIgnored