hi guys!
for a down trend, which swing has to be taken out?
i guess it s the #1 line , but i want to be sure..
Tx!
for a down trend, which swing has to be taken out?
i guess it s the #1 line , but i want to be sure..
Tx!
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DislikedAttached revised version to correct typo.
Jeff, I've added at your suggestion times to trade based on Divergence's posts. It's qualified in that he does not trade the London morning session whereas a lot of people do. I've put in Sujith's observation that things quieten down after 10:00. I've read elsewhere that activity picks up again after another 90 minutes or so and I suspect that may be the case.
Probably the best advice is trade around the market open times if possible to catch the volatility and avoid the quiet times.Ignored
Dislikedalthough you had a winner, i believe it went against Div's rules, "if the trigger is not taken out on next bar you can get 1 more shot as long as cci is still past 50 and bar is still above/below ma and the bar is not more than 2 pips from ma"--here the trigger wasnt taken out as req.Ignored
Dislikedhi everyone the only thing i am sure of is the 3 wave. but not sure of divergence, entry, and the stop loss. so i demo trade it. someone please tell me where i am right or wrong. thank youIgnored
Dislikedrc--i dont think we can look at that one as a trigger, since there wasnt a pullback from the previous "non-used" triggersIgnored
Dislikedhi everyone the only thing i am sure of is the 3 wave. but not sure of divergence, entry, and the stop loss. so i demo trade it. someone please tell me where i am right or wrong. thank youIgnored
DislikedDIV---do you have a rule that addresses once the avg. daily range is reached, like today when we are in an up trend, but we've already moved over 180pipsIgnored
DislikedDavidb,
Looks great. One question, you mention that the CCI must have pulled out of the -50 (Short) or +50 range (Long) before taking the trade. I remember Divergence mentioning that, but is there a timeframe/candle number that defines when that range needs to have been broken? ie the candle prior to the trigger bar, 2 candles, 3 or ?
RCWSOIgnored
DislikedLooks to me like there was a divergence at the point of the small hump just before the big one you have marked. That divergence failed however, and any 1-2-3 following a failed divergence wouldn't be a high probability trade.Ignored
DislikedAre you talking the divergence between the two candles at 08:50 GMT and 09:00 GMT?
Yes, that failed, with no 1-2-3 and I agree that there is no valid 1-2-3 after that. At least not yet.Ignored