Tried short at the close of the last M5 candle because of bearish hidden div.
Edit: stop at BE
Edit: stop at BE
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DislikedTried short at the close of the last M5 candle because of bearish hidden div. Edit: stop at BEIgnored
Disliked{quote} This is the trouble with the timing of the day. It can get very choppy so scalping 10 pips here and there is fine.Ignored
DislikedTried short at the close of the last M5 candle because of bearish hidden div. Edit: stop at BEIgnored
Disliked{quote} You almost made it to the EMA. I think it is just killing time and may go up on the next 1 hour bar.Ignored
Disliked{quote} I wouldn't ignore a div but that is not to say I would take it, the inference was for the 1 hour to go for the EMA so I would not be looking to short these on the 5 min, if I get stopped out, too bad, but I wouldn't have lost anything.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{quote} Thanks hocius, I've read that countless times stated by Alan but for some reason it didn't really register until now. Also, could you possibly show where and how exactly you'd use the two bar test on the chart? {quote} Wow husky, this is extremely helpful. I didn't realize how much I missed, don't know how I missed those bullish divs given those seem to be the only part of this method I thought I had a good grasp on lol. I'm still trying to learn the ABCD and some of the other concepts and tbh I'm still digesting your analysis of the chart...Ignored
Dislikedprice projections H1 with B at the lowest RSI. I can't see it very clearly but I believe price made bull support. The bulls stopped the EMA from breaking the 3012, open space to the upper D @ 3095 {image}Ignored
Disliked{quote} There is an ABCD to 3005 though on the hour...Not worth trading that small distance. The five min has already hit its ABCD so no joy there either.Ignored