DislikedHad that long and didn't see that divergence!! Thanks for the info. PS I think davidmaree is right, the divergence is the bar that you have closed you long. Of course these are only text book talking, congrats. PS2 I am not sure if this ABCD was also correct. {image}Ignored
Trading the Cable swings via averages
Had that long and didn't see that divergence!! Thanks for the info. PS I think davidmaree is right, the divergence is the bar that you have closed you long. Of course these are only text book talking, congrats. PS2 I am not sure if this ABCD was also correct. {image}
RSI divergence from B to C. Looking for D short but failure at 50% either way is telling as well.
My mistake, the chart I was drawing was that one, I can see that there isn't real continuation divergence (I overstretched the graph to see divergence!!).
For my excuse I had woke up only 30min before, and that isn't much time for me
Alan for my facilitation, I am using mt4's fibo extension tool. FE100, FE-100 are D, while FE-+50 are 50% D. Unfortunately that tool need to draw A as a B and B as an A
See the attached chart, I think is the same levels, but different draw
For my excuse I had woke up only 30min before, and that isn't much time for me
Alan for my facilitation, I am using mt4's fibo extension tool. FE100, FE-100 are D, while FE-+50 are 50% D. Unfortunately that tool need to draw A as a B and B as an A
See the attached chart, I think is the same levels, but different draw
{quote} No David had it correctly marked here is the proof {image}
- #1,630
- Feb 7, 2019 3:56am Feb 7, 2019 3:56am
- Joined Mar 2016 | Status: Trader | 6,379 Posts
My mistake, the chart I was drawing was that one, I can see that there isn't real continuation divergence (I overstretched the graph to see divergence!!). For my excuse I had woke up only 30min before, and that isn't much time for me
A is the Apex and is always above C.
B is the Bottom or Base and is always below C
C is the Contesting bar forming the convergence of the AC and the BC lines.
The AB line projection produces a support or resistance level to be broken. With a contested level at the mid point (50%)
- #1,632
- Edited 4:26am Feb 7, 2019 4:08am | Edited 4:26am
- Joined Mar 2016 | Status: Trader | 6,379 Posts
{quote} Of course, but we should get in on close of bar 9:20 which was HD if we were live trading by that time, rather than after bar 9:30 which was also HD. Cheers
Yes the bar you say was a HH but the RSI was a tad busy trying to also make a HH
Actually I just measured it accurately and it ended up as a regular div on my chart, the right close slightly higher than the left. 0.0002 difference
{quote} With HD's we get in on the signal not on the close. These often snap back big time in which case you have missed out on the best position. Look at the 1 minute chart and you should see it way up the top of the RSI Yes the bar you say was a HH but the RSI was a tad busy trying to also make a HH
Thanks Alan
- #1,635
- Feb 7, 2019 4:36am Feb 7, 2019 4:36am
- Joined Mar 2016 | Status: Trader | 6,379 Posts
{quote} I don't quite understand how you know the bar would snap back in real time. Because often we see the bar making lower low and slow RSI making lower low. Then when it closes, there are two scenarios: 1/ snap back and slow RSI making higher low (HD) 2/ it closes as full down bar and slow RSI remains lower low (no div). You said we should get in on the signal, not on the close. Therefore, I don't understand what exact signal to look for HD to get in and don't have to wait for it to close? Thanks Alan
