Plan the Trade

those poke bar setups you got to love them may be one of the best ones in our arsenal

Nice one guys, some awesome set-ups, execution and results! )

CG, what you said about changing the chart size based on the amount of volume or trading activity is an awesome idea imho.

I'm not at home for the next period of time, but what you said is why I've been thinking of looking into 30 second bars. Also considering looking into RTY which might be another and have less whipsawing? Also considering using something like https://www.barchart.com/futures/per...&viewName=main to see whats trending and then using MP.
Just some ideas....?

Ygr I think going higher rather than lower is better it slows it down just my opinion

I like this.... i like this a lot...

Two methods of entry, our familiar pullback to retest pinbar from start of prior move. The interesting thing is that in the company of a strong bout of HD, it gives a nice addition to the likelihood of the trend to continue;



It is for this reason that i have long preferred 'Hidden' div as opposed to 'Regular'... regular divergence will always build in a prolonged trend, but is over-ridden by HD everytime. Besides, you always end up trying to predict the top, or catch the proverbial 'falling knife', whereas, going with trend and predicting the end of a CORRECTIVE move, makes far more sense - it keeps the R:R ratio skewed in our favour.

Taking the pullback to prior pinbar when HD has formed is a good strategy, or if it is not clear, (pinbar does not get retested), look for a 123 to form instead.

Levels for today.

yes looks like we'll be opening in value:

top work cg .. having a look at this now

Since the gap has already been filled this morning after the 0830 news, that play is off the table for now. Price may linger between these POC's for a bit. Not much after hours action overnight.

should be interesting if price moves away from value otherwise pullbacks in value

Stopping while I'm ahead today. I hit the overtrading and euphoria stage so calling it a day. I think it helps that I trade while working my day job so I'm not 100% glued to the screens. Even with the work distraction, I still want to overtrade and have the fear of missing out sometimes.

it started slow then the setups just came one after another

nice trading MC we had similar setups if session close is in proxcimity to poc just use poc to many lines screw things up. today we had VH at 06 yesterdays poc was 07 and as I said before a poc is more important than a VH as long as they are close to one another theres more volume at a poc that's why

yes. Will need to look more at that. I like to put all lines on the chart and then when I see areas where the lines are close together like the POC and session close, I know that's a stronger area because of confluence of the multiple levels there.

But I didn't think about the POC having more volume and over-riding the other levels there. Makes alot of sense.

the poc level is where the most volume for the day has taken place so yes it is an important level the vh vl are standard deviation calculation from the poc bell curve

The chart you posted the other day showing sharp divergence at a level, made my mind up. Having got rid of all indicators when changing to Futures, i felt it was better (less clutter and confusion - just rely on the MP data), but i had actually been thinking for the past week, about adding RSI or MACD for divergence. In actual fact i had looked under 'tools' but did not find anything and promptly forgot about it!

Seeing your example made me google it and i found them under 'studies'. Since then it's been a case of... ok so what next, how do i play this?... but it's simple really. Keep the MP updated each day and look for regular divergence occurring at one (as you rightly suggested) and also, use the pullbacks combined with 'Hidden Divergence for trend continuance. There are never any guarantee's in trading, we all know that, but if it helps to form an opinion, i'm all for it!

Some lovely trends developed later on today;

Very nice cg a little extra confirmation at pullback and level pullback areas

So cg you figure out how to enter them

Yep, if the pullback, is to the pinbar (or in EW terms, usually to subwave 'i' of the prior move), you would take it as a pullback trade as per normal... the 'HD' forming is an added extra...

If, however, HD forms but the pullback is not so deep, i would then look for a 123 to enter trade.

The converse is also true that if the HD is extreme, than it is likely trend change for at least another leg. Hold on, i will try to find an example...

Based on your chart it looks like every pullback and pullback to level worked