Thank you so much Alan, your tutor is very great. Now, i know when its open and close. And very profitable. God bless you.
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DislikedAnyone catch some or all of the 33 pip up move on the 1 hour div while I was away? {image}Ignored
DislikedAnyone catch some or all of the 33 pip up move on the 1 hour div while I was away? {image}Ignored
Disliked{quote} Hi Nala, Can you explain how you can get into that 33 pips up? I guess you get in right on the open of H1 bar at 11:00 and set TP for above MA swing high and don't care about bear divs on M5 after entry until it hit your intial TP, right? I am trying to digest your lessons and put into practicing here. Thanks {image}Ignored
Disliked{quote} Mine shows divergence between the 2 rsi's. Do you have the rsi5 set to the "previous indicator's data:?Ignored
Disliked{quote} Is it normal that I don't have divergence on my RSI there? {image}Ignored
Disliked{quote} I had the same problem and there are two reasons. Your MT4 provider is using a different weekly start time to Alans provider. The other reason is if you have dropped the 5 rsi on to the 14 rsi without using the previous indicator data field as explained by Alan. Make sure you are using the generic rsi in mt4 as some rsi's dont have the previous data field. I worked this out when mine didnt match. Cheers PaulIgnored
DislikedThis is Period Separator Indicator for MT4 instead of Cycle line tool. I think this is more practical. {file}Ignored
Disliked{quote} Hi Nala, Can you explain how you can get into that 33 pips up? I guess you get in right on the open of H1 bar at 11:00 and set TP for above MA swing high and don't care about bear divs on M5 after entry until it hit your intial TP, right? I am trying to digest your lessons and put into practicing here. Thanks {image}Ignored
Disliked{quote} Also you might want to just set a cheap wall clock to the time on your charts, that's what I have.Ignored
DislikedLike many of you, I think Alan has done an amazing job with this thread. ~~ Cheers {image}Ignored
Disliked{quote} Look for the two bar test in the Valley area. Here was a 3 bar test but with an inside bar to long on the break above from see notes on chart. {image}Ignored
DislikedAnyone catch some or all of the 33 pip up move on the 1 hour div while I was away? {image}Ignored
DislikedSo what are we expecting now? Well a bounce off B with a div sends the price back upwards to test the EMA. If it breaks it then needs to find support to tackle the new A level. If it does break then we can expect a new LL below B. Either option will be sorted by the time Europe opens on Monday {image}Ignored
Disliked{quote} One could see it like this, however I see it a tad differently. What Riaan has here is a regular bullish divergence but look more carefully and you will see there were three of these possibilities, two prior to the one shown. In other words the 1 hour bar was still on its way down. On the close of the 1 hour the 5 min was still in divergence both with the regular one and the RSI shown on my chart as number 2. This caused the price to cross the EMA but then it ran into div again, number 3. This sends it back across the EMA once more until...Ignored
Disliked{quote} I don't get that. Did you mean: "If it does not break...."?Ignored