I'm waiting for this baby to pop and give us something worth trading. The divergence is building and so is the downwards pressure from previous bar lows (on higher timeframes).
I dream, therefore I become.
James16+Rayanmcd(Jan kone) and ME 7 replies
DislikedHi Josh
The location and structure here creates hesitation for me to..I think of it in terms of risk factors..close under the mid BB for a long trend trade is one risk factor..trading into the weeklu open level you have marked would be another...I may or may not take a trade like this . In this case probably not as it is a choppy kind of day...but volume and what the higher timeframes look like might also sway me one way or the other.
LindsayIgnored
DislikedExcellent thread Jankone, thanks. Im sure this would work on slightly higher timeframes like the 1 hour?Ignored
DislikedHey Jankone,
I love the thread. I've been trading very similiar to this for awhile and just discovered this thread recently. I mainly trade this with stocks on the 3 minute and up TFs. Hope you dont mind me posting stock charts in the future.
This was a great looking bar on FDX today. High volume and great divergence. I couldn't trade it because the stop size was too big for me but it gave quick profit so I thought I'd post it.Ignored
DislikedHey,
you can post charts, it's about price action and it could be really educational to see more markets.
(one notice - respect VERY huge pinbars, they expose with some economic news, it was 1st thing what I think about when look at your chart)Ignored
DislikedIt works everywhere you trade, every market, every time frame, but everywhere - where you train this method and everywhere you know, what you are gonna do )Ignored