If we enter trades using divergence on lower tf,what should be our exit point?
I discover divergence don't play long in the lower tf.
Thanks for the response.
I discover divergence don't play long in the lower tf.
Thanks for the response.
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DislikedLilmoe,
sorry for disturbing you,i want u to please confirm if what i have here is a bullish divergence the 15m chart.
ThanksIgnored
DislikedBearish HD on 5min chart, good short of 50ema which is also bounce from UTF GannIgnored
Dislikedyep, target should be m5 gann... not very rewarding though as a first TP. but i took that trade anywayIgnored
Dislikedit is when MACD is set for 12.26.9, but for 5.34.9
so i would consider that a week classic bullish div. but it still can play out. but what u're actually seeing here is a bullish HD as well.
as long as we don't go lower, this could play out for more upside. and for better confirmation, if we close above m15 gann, we could see 140.55 as a first target, then 142 as a second target.
but i'm worried, however, about this close below 1h gann...Ignored
Dislikedhehe sweet... What do u make for 30 mins thou, it's showing a bullish HD with a possible invert H&S forming.
If you have 2 TF's showing HD in the opposite direction, I assume the higher TF is always stronger ?
ThanksIgnored
DislikedWill u advise to change my macd to 5.34.9?
Or is it this setting that u use on a lower tfIgnored
Dislikedyes but the lower TF plays out first, and in that case, make ur TPs and SLs minimum.
by the way, target reached for that bearish HD on m5. we just hit m5 gann. i took half off there, rest at b/e easy 40 pips there. hope u got it.
now if we close ABOVE m15 gann, i think we're up for more targets upwards.Ignored
DislikedSo, question - in this case when we have bullish HD and we don't have a higher TF Gann to bounce off - it's best to wait a close above that TF's Gann/50ema ( 15mins in this case right now ) ??
reverseIgnored
a) if it forms a double bottom (in the case of bullish HD) we take the trade again with minimum stop loss
b) we wait for the lower TF to close above gann AND 50ema
1) FE 61.8
2) FE 100.
QuoteDislikedSo, question - in this case when we have bullish HD and we don't have a higher TF Gann to bounce off - it's best to wait a close above that TF's Gann/50ema ( 15mins in this case right now ) ??
Dislikedwell, those are very rare cases, and when we do here are the possibilities.
b) we wait for the lower TF to close above gann AND 50ema
do u know how to place FEs on your chart?Ignored
Dislikedwell, those are very rare cases, and when we do here are the possibilities.
1) 50% - 61.8 fibo
2) if we missed that or got stopped out for any reason here are some other resorts:a) if it forms a double bottom (in the case of bullish HD) we take the trade again with minimum stop loss
3) the targets would be a bit different (double bottoms are an exception). and in the case of a bullish HD it's called a 1-2-3 (or abcd) buy setup. and sell setup for a bearish HD of course....
b) we wait for the lower TF to close above gann AND 50ema
Ignored
DislikedSo in this case now where we have the 30 mins bullish HD, yep I see that close above 15mins Gann and 50 ema make sense.
Not really tried FE's, just the usualy fib pullingIgnored
DislikedI was thinking all the same idea, the HD on the 30 min, PA is above the 5SMA, and a bit below the Gann & 50ema, and ofc the daily pivot is a ways off and the CCI is round 0
On the 15 TF, its just crossing the 50EMA. and above Gann & 5sma, CCI is again round 0.
So under these conditions, neither set of conditions for the two sets of rules are met. So would you let it play out and just wait till all the conditions are met?Ignored