2 great trades in Asia session, in and out +20
pictures should be self explanatory
pictures should be self explanatory
James16+Rayanmcd(Jan kone) and ME 7 replies
DislikedNo, actually I won't "go broke". When price hits those highs/lows on a fifteen minute chart (Highs/lows on the rsi as well), that usually shows that there is divergent price on the 5 minute timeframe. It's just a simpler way of looking at this in my opinion without being literally glued on the 5 minute bars. Just a tad bit of let up. I guess I should have clarified a bit better, although I doubt that you'll run through the testing portion to find out for yourself. I'm always looking for ways to run my business more efficiently and profitably....Ignored
DislikedWhat's up ladies and gents? I'm just posting because I've been doing a ton more testing and trading in between my last posts here (To the tune of around 10-12 hours a day as of late) and have come to the realization that others have come to and even more will in due time. With the trend trades are your money makers HOWEVER, more CT trades with divergence tend to give you large runners that turn in for days.
I've noticed and continue to notice that if price is just divergent and it's not crazy O/B-O/S, the chances of you getting busted on it are...Ignored
DislikedWhat's up ladies and gents? I'm just posting because I've been doing a ton more testing and trading in between my last posts here (To the tune of around 10-12 hours a day as of late) and have come to the realization that others have come to and even more will in due time. With the trend trades are your money makers HOWEVER, more CT trades with divergence tend to give you large runners that turn in for days.
I've noticed and continue to notice that if price is just divergent and it's not crazy O/B-O/S, the chances of you getting busted on it are...Ignored
DislikedWhat's up ladies and gents? I'm just posting because I've been doing a ton more testing and trading in between my last posts here (To the tune of around 10-12 hours a day as of late) and have come to the realization that others have come to and even more will in due time. With the trend trades are your money makers HOWEVER, more CT trades with divergence tend to give you large runners that turn in for days.
I've noticed and continue to notice that if price is just divergent and it's not crazy O/B-O/S, the chances of you getting busted on it...Ignored
DislikedMike please correct me. Beause I can speak english very well itīs probably I unterstood you.
I think you talking about an Alexander Elderīs explanation in "Trading for a living". An RSI divergence (bearish for example) is stronger if the frist swing high is above 80 and the next next swing high is below this level.
you mean that?
tks and regards from SpainIgnored
Disliked
Finding strong PA on H4 and above and taking CT setups on may be M15 or M5 or M30 makes money most of the time and runner not that infrequently! When we have such runners, life becomes much relax as we dont care even if we lose 3 times consecutively with right MM.
Seeya
WinstonIgnored
DislikedI saw divergence + pin bars on EU & UC, so i took them both.
EU Long has hit my SL (-15) before it went down and hit my actual TP level (25) no biggie...there are always next time..
While on UC, just stopped out at break even..
Hope my chart will help in anyway..
Cheers,
AlexIgnored
DislikedNo, actually I won't "go broke". When price hits those highs/lows on a fifteen minute chart (Highs/lows on the rsi as well), that usually shows that there is divergent price on the 5 minute timeframe. It's just a simpler way of looking at this in my opinion without being literally glued on the 5 minute bars. Just a tad bit of let up. I guess I should have clarified a bit better, although I doubt that you'll run through the testing portion to find out for yourself. I'm always looking for ways to run my business more efficiently and profitably....Ignored
DislikedWhat's up ladies and gents? I'm just posting because I've been doing a ton more testing and trading in between my last posts here (To the tune of around 10-12 hours a day as of late) and have come to the realization that others have come to and even more will in due time. With the trend trades are your money makers HOWEVER, more CT trades with divergence tend to give you large runners that turn in for days.
I've noticed and continue to notice that if price is just divergent and it's not crazy O/B-O/S, the chances of you getting busted on it are...Ignored
DislikedKeep up the good work Mike. Your posts always give an interesting perspective.
cheers
fxpIgnored
Dislikedyou could have done so well by only following the trend.
One thing you must keep in mind is that no system/method works all timeIgnored