{quote} That lines are wrong, check this out: {image}
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I agree with this the chart is the same as mine with no divs. However on the 1 hour there was at this point an RSI div and down she went to stop the EMA and cross it.
As others pointed out there was the bear div on the hourly, how did you invalidate that? Or did you just keep your stops tight as we are still above the average rsi line
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I didn't invalidate it but we often find price will push out of divergence if it is headed for a target level. So in this case we just keep an eye on those lower time frames (5) and play along.
We seem to be straying off the path again as we discuss stuff not related to the 108 trade.
What you guys should be doing is screenshotting the 108 trades forming a collection to study. Look for the clues and cues and how you would handle the situations based on what I have told you.
This is a very reliable trade and will consistently pay you your 50 pips. Then we simply shut down the PC and do something else.
Price is above H1 EMA26 and EMA printed HH, so long trade is in play after M5 regular bullish divergence. 2764 target is in place. Watch out 2670 and 2680 M5 hurdles.
Price is above H1 EMA26 and EMA printed HH, so long trade is in play after M5 regular bullish divergence. 2764 target is in place. Watch out 2670 and 2680 M5 hurdles. Regards, Blackeagle {image}
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GM!! Agreed, am in long from 2665, it went up a bit and back to 26 ema, if bulls can find support now we might be good!! My TP lies at 2715. Good trading to all!!
as 108 approaches, Current divergence on one hour is for a sell: {image}
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I think when you draw(join hh or hl) in the chart and rsi you show draw on same level HH/HL or LL/LH. in your chart the second line you drawn in the chart should be joining the HH dots not lower low dots as you join the lower low's in rsi.
hopefully worse than the already bad expectation , it worth shorting it even now when price is not as good as in 30 min ago, bigger stop but it might drop big time
Nala system here is basically to find divergence on higher time frame 1hr/4hrs then switch to 5mins/15mins and find a corresponding divergence in the same direction and follow it from the set time. it is as simple as that.
Since we have a sell divergence on 1hr currently which happens to be the latest divergence, you have to switch to 5min to look for a sell divergence to follow it.
i have tried to start trades with a trend, now i prefer to follow the trend
{quote} I think when you draw(join hh or hl) in the chart and rsi you show draw on same level HH/HL or LL/LH. in your chart the second line you drawn in the chart should be joining the HH dots not lower low dots as you join the lower low's in rsi.
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Look at my charts again. if one line is HH the second line that makes it a divergence is also on same spot. same for HL
i have tried to start trades with a trend, now i prefer to follow the trend
Trading the Cable swings via averages
