Here are some clues
Support
Divergence
OB
BRN
TDI- Red & Green Yellow
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DislikedWhy donīt you answer that question your self and then ask if your analysis is correct. You will learn a lot more, faster, by trying to work it out. Mark up a chart with your analysis. What is the worst that can happen??Ignored
DislikedI didn't enter that trade but I'm also keen to learn so here's my assessment
For:
PA and Oscillator showing positive divergence
Recent support held several times around 1.2880
PA held at BRN 1.2900
Green and red above yellow on TDI
Widening upward angle between green and red
Against:
No cross of the TDI
Entry on third blue candle rather than 1st or 2nd
No pullback candle for entry
Without confirmation of a TDI cross I didn't see a clear entry signal.
What did I miss / get wrong.
I'd welcome any feedback on this.Ignored
DislikedExcellent analysis, spot on. Plus what LazyLobster said. Do not depend entirely on the TDI for your decisions. PA takes first place. TDI confirmed momentum even though it did not provide a signal. What you missed. The 2 candles prior to the entry closed higher. The candle prior to the entry pulled back from a short term S&R but did not close lower than the candle before.
So all of this said "go for it". Additionally, if in doubt use a smaller stop(Risk Less) you could have put a stop just the other side of the BRN it would only have needed...Ignored
DislikedWhy donīt you answer that question your self and then ask if your analysis is correct. You will learn a lot more, faster, by trying to work it out. Mark up a chart with your analysis. What is the worst that can happen??
Here are some clues
Support
Divergence
OB
BRN
TDI- Red & Green YellowIgnored
DislikedI posted this over in the 15 thread
try working with wilders rsi set at 51 and 48 in addition to tdi and pa
AttachmentIgnored
DislikedThe way I saw that trade:
1. Raging market. No direction, change of colours, long wicks both sides of the candles. Noone mentioned it so far, for me it is a crucial information.
2. Price broke out of A/E resistance and pulled back leaving wick behind.
3. Obviously TDI lines were sloping up (though no cross), bouncing off from 32 and yellow line. but indi is the second type of confirmation, whereas PA didn't give me clear entry.
4. Market were about to close the gap, however how many times price quickly reverses right after?
All in all, I have...Ignored
QuoteDislikedTodays trade
DislikedYou in a hurry for a six digit income. 2 trades in one, now that is just plain showing off.Ignored
Dislikedhehe, actually im still far from that type of income....
Still trying to find my way....
You are a real guru!!!Ignored