Never Ever Give Up!
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DislikedHi Nala66, How do you draw swing highs / lows? What is your criteria to determine which top / bottom will be swing high / low? And which time frame do you use to draw swing high / low? It is easy to find divergences on RSI, but I believe drawing swing highs / lows would be tricky if you do not have a defined method. Regards, BlackeagleIgnored
DislikedHi Nala66, How do you draw swing highs / lows? What is your criteria to determine which top / bottom will be swing high / low? And which time frame do you use to draw swing high / low? It is easy to find divergences on RSI, but I believe drawing swing highs / lows would be tricky if you do not have a defined method. Regards, BlackeagleIgnored
DislikedThanks Alan, busy reading through a few times to grasp the concept. Would you consider this a valid 2 bar test trade although it is a late entry I still took it because it hadn't moved too far yet? or is the fast RSI valley criteria not sufficient? {image}Ignored
DislikedGM! When looking at Cable at this moment. 3x divergences has formed in last 2.5hrs om M5. Price ranging in about 25pips. Are the signs there for a downward move once it can break 1.2800? Round number? Only if you have time!Ignored
DislikedNala, I've marked the swing highs/lows for today, if you don't mind commenting on it if it's missing anything, and how far would you go on the M5 to spot your swing H/L if for example we didn't have the last two swing lows on Nov 15th ? Thank you. {image}Ignored
DislikedA possible setup on the eur/jpy 30m with the fast RSI showing weakness.... {image}Ignored
DislikedHi Nala66 , Thanks for the simple system . From the 5 mins , I can see that cable is making HH and HL and bearish divergence forming and price bouncing off the ema and rsi off the 50 mark . Sorry I changed the colors a bit {image}Ignored
DislikedHi Nala66, How do you draw swing highs / lows? What is your criteria to determine which top / bottom will be swing high / low? And which time frame do you use to draw swing high / low? It is easy to find divergences on RSI, but I believe drawing swing highs / lows would be tricky if you do not have a defined method. Regards, BlackeagleIgnored
DislikedI see you draw your support and resistance lines on your 5 min chart by using the swing tops and bottoms of the 26 EMA. Does it matter what time frame you use as if you use a different time frame the S & R lines change as the 26 EMA tops and bottoms are typically in a different position.Ignored
Disliked{quote} God, why these questions? Everything has been told and explained, go back to post1 and read again .....Ignored
DislikedSame chart, different swings. Can you say one is more correct than the other? Check the zigzag indi which is used to determine swing highs / lows. When you you change the parameters, swings change. So this is no different. To be on the same page with Nala66, it is good to know how he determines tops and bottoms. Regards, Blackeagle {image} {image}Ignored