Dislikedshort at retracement to 5sma.
Bearish HD.
But CCI30 is questionable.
would you go for it?Ignored
Attached Image
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Day Trading system - Simple system to make money 51 replies
Trapping System: Way to Fully-Automated Trading System 47 replies
Dislikedshort at retracement to 5sma.
Bearish HD.
But CCI30 is questionable.
would you go for it?Ignored
Dislikedcan someone tell me how i add/save one of the indicators to my metatrader 4?Ignored
DislikedAnd at the current time, you can see bullish HD on the 5 min. Price keeps bouncing to the 1 hr 50 and back down forming bullish HD on the 5 min. This is great for scalping up and down until it finally breaks out.Ignored
DislikedAnd at the current time, you can see bullish HD on the 5 min. Price keeps bouncing to the 1 hr 50 and back down forming bullish HD on the 5 min. This is great for scalping up and down until it finally breaks out.Ignored
Dislikeddo you mind taking out that particular time period out from your chart and show all the entry and exit points? my brain's going gaga just deciphering whether to enter cos there's hidden/classic bearish/bullish div and what not...
thanks a million; if you could do this.Ignored
DislikedHi, Lil,
It is my first post in the thread, however, I have been following such an interesting method for quite a while.
I have a couple of questions about setups for GY today...If you find some spare time could you be so kind to clarify a couple of moments for me?Ignored
a) MACD built a bottom (bottom pink bars), then makes peak (blue) bars, which in that case provides either continuation or another signal. the bearish HD is valid only if we still had blue bars on MACD and didn't yet creat pink bars. if you add the 0 level to MACD u'll see that blue bars are above the 0 line, and pink lines are below the 0 line. (i know this might sound a bit confusing at first, but try reading (a) a couple of times till u understand what i mean)
b) the price that GJ made when MACD first peaked was taken out, and in that case it was 138.6x, where u drew that TL on price (the left side of the TL)
Dislikedi made this trade.
the CCI cross 100.
there was a classic bearish divergence on the M15.
can lilmoe comment on this? hope i'm seeing this correctlyIgnored
DislikedHi Lilmoe,
sorry but I am not an english native speaker and I am having problems in understanding rule #2:[indent]rule #2: when CCI and/or MACD detect a classic divergence while price is touching a strong SR level when CCI is below/above the -100/0/100 line (in that established trend), price tends to "seek" 50ema of that timeframe IF CCI makes it back above/below the -100/0/100 lines. classic...Ignored
note: i have the word "price" in purple, meaning that u're looking at GJ's candlesticks, and price touched a strong S/R level.
DislikedHello lilmoe. How you doing big brother? We have classic bearish divergence on the 15m GBP/USD. Do you trade classic divergences like hidden ones, or no? Also 15 bearish classic on the GBP/YEN.Ignored
Disliked[b]hi lilmoe,
what if the price does not retrace back to 50EMA/Gann in the particular TF, how do you know when to get out of that trade?Ignored
Dislikedshort at retracement to 5sma.
Bearish HD.
But CCI30 is questionable.
would you go for it?Ignored
Dislikeddo you mind taking out that particular time period out from your chart and show all the entry and exit points? my brain's going gaga just deciphering whether to enter cos there's hidden/classic bearish/bullish div and what not...
thanks a million; if you could do this.Ignored
Dislikedhi pipchick and lilmoe,
i do get the idea of classical and hidden divergence already. perhaps i'm still not used to them. thanks for pointing out to me,and would appreciate your guidance should i make a wrong call again.Ignored