1 hour target hit...
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Disliked{image} Thanks for the response Alan. So to clarify a few things. 1. Once in trade we only look for hedges or exits at swing levels, whether that be 5M or 1HR? In this example, we ignore the bearish div 2 that I had labeled, and the dotted line div right after it. Correct? 2. "Remove all stops when the trade is hedged." What if we hedge and price goes 20 pips against our hedge entry point? And what if on the other side, price passes below our initial buy entry before we get any div signals? Do we just allow these trades to go negative and just assume...Ignored
DislikedMore trades from last week, more questions lol. Bearish div at 1HR, 30M, and 15M, could not find bear div in 5M so took the bear div in 15M (Is that a mistake, should I always wait for 5M?). Obviously I got a lot wrong here, my biggest problem is that as long as I see that the 1HR is in divergence, which it seemed obvious it would be for at least the next couple 1HR candles, I keep thinking it's due to turn at any moment, especially if I'm seeing continued div signals in the 5M chart as we did here. And also, the further away price gets from the...Ignored
DislikedMore trades from last week, more questions lol. Bearish div at 1HR, 30M, and 15M, could not find bear div in 5M so took the bear div in 15M (Is that a mistake, should I always wait for 5M?). Obviously I got a lot wrong here, my biggest problem is that as long as I see that the 1HR is in divergence, which it seemed obvious it would be for at least the next couple 1HR candles, I keep thinking it's due to turn at any moment, especially if I'm seeing continued div signals in the 5M chart as we did here. And also, the further away price gets from the...Ignored
Disliked{image} Thanks for the response Alan. So to clarify a few things. 1. Once in trade we only look for hedges or exits at swing levels, whether that be 5M or 1HR? In this example, we ignore the bearish div 2 that I had labeled, and the dotted line div right after it. Correct? 2. "Remove all stops when the trade is hedged." What if we hedge and price goes 20 pips against our hedge entry point? And what if on the other side, price passes below our initial buy entry before we get any div signals? Do we just allow these trades to go negative and just assume...Ignored
Disliked{quote} That's also one of my biggest problems, managing signals once we are in the trade.Ignored
Disliked{quote} A 2 bar test can help you avoid some div failure. Also remember than when a div fails to pull price to the ema, we can expect a lower low or a higher high. I have the same problem, we must have patience and wait for a good setup with the correct timing and on a ZOO level.Ignored
Disliked{quote} I know its difficult and making the same mistakes but in your charts i am missing some levels; in that area you traded short I have 3 H1 EMA swing levels in an uptrend; we know that when a divergence dos not get back the price across the EMA its a good sign the move will continue in its original direction, so further long. We had a H1 ZOO at 31022 and on the H1 and the M5 price ran into that area in a bull divergence, so at that point we are looking at 31207. Price ran up, crossed that level and retested it (and its M5 bull support bar)...Ignored
Disliked{image}Putting this altogether we get... 1) The 108 start 2) Trading below the 5 min ema 3 The 1 hour target distance Though the trade started quite choppy, this is not unusual and several entries could be made via the 2 bar test in the early stages on the 5 min chart. The very start of this trade would have been the div at the top but this would mean holding a trade open over the weekend... I don't like doing this just in case the world ends. Day 1 and my $500 is now at $1009 {image}Ignored
Disliked{quote} Nala did U get an entry on the M5 TF ? I was waiting for one to go short but I couldn't see oneIgnored