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Dislikedgreat trade Sehanw - I passed on that pair thinking the H1 didn't look promising, shows what I know:-)Ignored
DislikedEmbry1, Would you say this is a trade that follows your trading approach? If I understand correctly this would be 3/4 but it was close to the upper bollinger band, using it as resistence. Trade was taken at green arrow with the stop at the bright red line and profit target at the dark green line. 1:3 ratio. Any feed back would be great. Your strategy works really well with mine. Thanks for sharing it. {image}Ignored
Disliked{quote} Yes you can certainly use the top bollinger band when the EMA 100 and PSAR are above the price, you just see that less often. You had a good risk reward there becaue the PSAR and top bollinger band were very close to the price so a good 3/4 signal. However I don't see any divergence but at least you didn't have bullish divergence.Ignored
Disliked{quote} Can you clarifying Divergence as it relates to your way of trading? I know this might seem like a basic question, but I have noticed over my years of trading sometimes people have definitions of trading terms. I have seen traders talk about divergence but it had different meanings to each trader. Thanks for the clarification.Ignored
Disliked{quote} I'm referring to the divergence in the stochastic indicator and the actual price of the pair. In this picture the red arrows indicate the difference in trend on the stochastic indicator and the price. In this case it's bullish divergence because the previous low point on the stochastic is higher than the current low point, and the low point on the price is lower than the current low point. This indicates a strong bullish move. In this particular case the divergence occurred with 3/4 signals and previous resistance that now acts as support...Ignored
DislikedI seem to be getting better success rate on the 1hr. I seem to fail regularly on the 15min.That might be my trade selection though and 1hr maybe more forgiving when trades are not 4/4 Not analyzed it properly though.Ignored