Good morning!
First trade, trend is down and it seemed a nice flag.
First trade, trend is down and it seemed a nice flag.
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DislikedWell done, PH.
I actually placed a stop limit order (exact same trade) then pulled it.
I am doing a new exercise as of this morning : I am imagining that I am trading my absolute maximum position size for this method, so I am trading with greatest caution. The idea is to improve my patience & discpline (rather than my chickening out skills).
Edit : correction - my entry would have been better than yours - darn it - chart attached.Ignored
DislikedMy interpretation of the videos is when the 15min trend is down for instance and you are watching the 1 min pullback, it will be in an uptrend(opposite to 15min trend) so therefore wait for a reversal signal on 1 min either a 123 or a 2b reversal then take the next sub that comes along.Ignored
QuoteDislikedThen intstead of just taking the mantatory 15 pips I tend to hold the trade until I get a buy sub then when its taken out by 1 pip I close out trade.
DislikedSounds good, Clive.
Do you mean a "fully qualified" buy sub - presumably not - or just, eg. in a short trade, a +50 CCI reading on Close ?
I have looked at splitting the trade in two, as I usually do, exiting half at +15, hold the other half to a close on the other side of the SMA 10.... BUT the question is exposure to risk and what are you really making each month...Ignored
DislikedClive - I think Divergence has various family health issues at the moment, which may keep him from posting - but I wonder if you've watched any of the videos of him going over his trades ? If not, you have to contact diamonddbw to get acccess via Vimeo. I found these helpful in terms of seeing how many entries he lets go.
Two very significant points are firstly that D is only targetting one or two trades per day and secondly, where there is a larger pullback, somewhere on this thread he states I have the impression D is not drawing flag lines as...Ignored
DislikedHI i just want to find out if this system can be used on the four hr tfIgnored
Disliked++++++++++++++++
Hi PH. Sorry you ended up PH Negative on this one.
Here's my views:
• This set up occurred after the designated time period into the FF/London Session. Never try this trade after 10am London time. (2 hours past London open).
• Notice how price has stopped trending and was in a 15 pip channel. No direction and no trend here.
• There was a HH & HL just prior to your trade.
Any one of these parameters would have kept me out of this trade. Hope this is helpful.
DarrylIgnored