Trading S/R with PA only. No indicators anymore!
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DislikedThe signals are very clear. Apart from those already described Look at this latest 5 min signal 34 pips of pure profit via RSI divergence. We can see price fails to break the average, it is in divergence suggesting a cross of the EMA and the average failing to make the HH attempts to make a LL. {image}Ignored
Disliked{quote} NALA66, This quote alone may be the most important quote (in my eyes) in forex knowledge I have seen. Although my job does not allow me to trade your system. This quote has opened my eyes that it also works with my 36LWMA. I trade W-D-H4 TF. Price Always returns to average. Leaving a road map when there are forks in the road. Thank you for your knowledge and i look foreward to reading more.Ignored
Disliked{quote} Sunday open and everyday after 5 pm EST GBPUSD spread spike. The spread at time that you sort was very high ,do you enter even is the spread is over 170 points? {image} {image}Ignored
DislikedI missed the move up today while I had drawn the divergence on my chart. I was strayed due to too much of old habit-thinking which I have to bin a.s.a.p. Happy to be here Interested to see your comments and chart AlanIgnored
Disliked{quote} What are bull support and bear support... Average swing low and average swing high..... On which thread are they defined.Ignored
DislikedOk I think that is all the questions so lets take a look at yesterdays moves... The chart on the right is the 1 hour so I begin by taking inference from it that price is going up. There was divergence at the bottom inferring price is going to cross the EMA so the level at A (average swing low) is going to fail so we should see the bulls try to make the HH at 2. This happened. Now when we drop to the 5 min chart we see a whole pile of possible entries cause by RSI divergences. So price going up we are long on the signals and the pull back signals...Ignored
DislikedThank you for starting this thread it is helping me a lot. I've few questions to ask. 1: What is 2 bar or 3 bar test? 2: How do you choose the range to trade in just like you select 50 pip range everyday, how do you determine that? 3: My RSI values are bit different than yours, i think your RSI chart is more volatile than mine. Am i doing something wrong, i'm using same 5 Period RSI (on previous indicator data) on top of 14 period RSI.Ignored
Disliked{quote} So we should close all the trade when price touch ema swing in H1 ? And can you explain more how you view the market when you change from buy to short at point 2Ignored
DislikedThank you for starting this thread it is helping me a lot. I've few questions to ask. 1: What is 2 bar or 3 bar test? 2: How do you choose the range to trade in just like you select 50 pip range everyday, how do you determine that? 3: My RSI values are bit different than yours, i think your RSI chart is more volatile than mine. Am i doing something wrong, i'm using same 5 Period RSI (on previous indicator data) on top of 14 period RSI.Ignored
DislikedThanks again Alain Regarding the hedges, that's something I never did because it has a disadvantage... it has a price (spread and commission). I rather closed positions and hop on again later on than helping nobody else except for my broker by paying him. Right now I started to think different on that. It's worthwhile to pay that price because the hedge forces me to stay focused and to find a good way to get out of it / go on with the plan.Ignored
Disliked{quote} Hello, my RSI also has other values than Alan, even though I have exactly the template. Is it possible that my broker works with other prizes ... I have AMIgnored