Easiest trading strategy on the planet!

Quoting TheSpoof

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{quote} Ya...I have thought about doing just that - break even + 5 or so at my usual TP level and then letting it ride to 2x or some other method of exiting a trade. I have such a problem sticking to a system without constant tinkering around though. There is sooooooo much down time while trading I get bored and look back in the charts for even "better" edge's or spending time on here reading about other strategies and then trying them out. It is so damned frustrating I can't seem to be able to leave well enough alone I always...

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Quoting vdubus

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{quote} Thats best advice I swear by, practice on live account. Keeps the emotional pressure very real. The fact that your addressing your own faults leads me to believe it's only a matter of time before you will nail this. Great work

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Quoting Wonderfull

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EURUSD 15m, long Head and shoulders price pattern, macD trend break, divergence wave theory. {image}

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Quoting vdubus

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{quote} Nice set up. Prefer to wait for a more defiant wave 2 to 3 but looks good

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Quoting Wonderfull

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EURUSD 15m, long Head and shoulders price pattern, macD trend break, divergence wave theory. {image}

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Quoting Wonderfull

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{quote} SL hit {image}

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Quoting vdubus

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{quote} To bad @ Wonderfull The macD trend line. Try waiting for bullish divergence (2 lines ) before you draw in the line break I find the two lines give us the over all trend bias as where the histogram is more immediate...if that makes sense ?

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Quoting Wonderfull

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NZDUSD 1H, long {image}

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Quoting Wonderfull

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{quote} SL hit {image}

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Quoting vdubus

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{quote} I see you falling into the exact same trap that I did. You are entering trades based 100% on the divergence trend break strategy instead of correlating it with price & what is actually going on in the chart. So easy to get sucked into it I know I still get caught out myself but try focus on Price first then the macD. The answers are all there... Divergence wave theory 1,2,3 Trend continuation = Short {image} AUDCAD 4hr {image}

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Quoting Wonderfull

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{quote} But i did look at price first, notice that i put my entry after price complete a HL and HH. {image} Just to mention, that wave theory you're pointing out, doesn't look like a valid one for a short setup. Notice how the 3rd wave is confirming a reversal not a continuation since it's making a HH, for a short setup it should be a LL, that's from how we have been doing it so far?

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Quoting vdubus

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{quote} Sorry Wonderful, getting a bit confused. your entry does't seem to on any of the hma highs, it's kind of in the middle ? If you refer back to your original post you will see a build up of bearish hidden divergence (histogram)

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Quoting Wonderfull

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{quote} I modified the entry on that one because the last swing low (SL) was very close to the entry in relation to the candles size, i took the previous low instead, looking for a wider SL. Also i used the close of the candle to measure my TP instead of the HMA swing high, because the breakout candle was very close to the TP and it wouldn't be a 1:1 RR at all

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Quoting vdubus

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{quote} You stuck to the rules @Wonderfull & took the loss. Can't expect to win them all. All we can do is to try learn by it & move on

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Quoting Wonderfull

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NZDCAD M5, short hidden divergence, entry at trendline breakout {image}

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