Jazz
thanks
much clearer now in my mind. More practice for me.
Del
thanks
much clearer now in my mind. More practice for me.
Del
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DislikedI'm, a little bit bummed about last night I missed the move down which was ok because I didn't really see an entry point to short at open no real divergence. I then tried to long just before news which was a bad idea and got stopped out pretty much straight away then I was so disappointed I didn't try again because if fear of lossing again.. if I had I would of made up my lose and been I good profit.. how do U guys handle that first stop out ?Ignored
Disliked{quote} The 3-step entry helps a lot but if you are a bit like me, it takes quite a while before you can manage that. Maybe your risk is larger than what you feel comfortable with? After a Loss, I watch for the next setup at a ZOO. And if I am not happy about my mindset, I walk away. Here is a suggested chart with a loss and several winners based on Two Bar Tests. The positive Pip results are conservative determined. You can also find the first setup before 108 with its divergence. {image}Ignored
Disliked{quote} Jazz, doesn't the C has to be the 50% level of the AB? But i wasn't sure about my drawing and perhaps shouldn't have posted it, I only wanted to show what I was looking for when I entered the short. Anyway thanks for your comment, its the only way to master this system {image} Jazz, isn't it something like this or i am completely wrong?Ignored
DislikedI'm, a little bit bummed about last night I missed the move down which was ok because I didn't really see an entry point to short at open no real divergence. I then tried to long just before news which was a bad idea and got stopped out pretty much straight away then I was so disappointed I didn't try again because if fear of lossing again.. if I had I would of made up my lose and been I good profit.. how do U guys handle that first stop out ?Ignored
Disliked{quote} This is why we have to have a robust money management practice. Lets say we have a $1000 account and are trying to make $1000 With our first entry we lose it 5 times in a row before we finally get a winning result. I know these numbers are not exact but lets say we lose $50 on each of the first 5 trades. We now have $750 left and a winner pays 100% so we reach $1500 for our 40 pips, if price continues in our favour we could easily pick up the remaining $500 completing the task. From this example you can see we need to lose quite a lot of...Ignored
Disliked{quote} . Here is a suggested chart with a loss and several winners based on Two Bar Tests. The positive Pip results are conservative determined. You can also find the first setup before 108 with its divergence. {image}Ignored
Disliked{quote} Thanks for the reply Nala, for me first entry I only risked $20 like U advised just dipped my toe in.. so I don't know why I got so bummed about it.. I have written a few notes that I'll read b4 trading tonight incoorpertating what you said and after trading for 3 years I know this but in the moment sometimes it's easy to lose the big picture.. last week I traded so well with your system still trying to work out why I lost focus..Ignored
Disliked{quote} Hi jazz .....
1)i noticed that on the the first trade you drew your div line on the bottom of price while on the rsi you drew it on top i thought we always had to draw the same side of price and rsi ? or do i have that confused ?
.2) ........did you miss the trade down like i did ?
3)..... i think i know why about the first trade was i because it tested the 5MA then showed weakness on the RSI ?.....
4) Jazz the yellow MA you I'd that 60MA ? So what number is that MA on the M5 ?Ignored
DislikedJazz and Huskyboy Here is the ABC i drew on Sunday night . I am still trying to figure this out. More homework for me over the weekend. I am still learning to draw these , but it did give me an idea of where price was heading if it was going up or down. Thanks for all your help. Happy trading Del {image}Ignored
Disliked{quote} .. last week I traded so well with your system still trying to work out why I lost focus..Ignored
Disliked{quote} Hope you don't mind... the HD you drew there is just a regular div. those two blue bars at the bottom are not in hidden divergence because their Lows are not in divergence with the close of the base bar. I marked a correct HD on your chart. {image} Maybe you compared the Price Bar lows the RSI low? Yes that shows a divergence too. I bet Alan will correct me if I am wrong on my postsIgnored
Disliked{quote} thx Jazz, always having problems with HD. But dont we have to look at the price bar lows to the RSI lows and vice versa, otherwise we wouldn't be needing that indi?Ignored
Disliked{quote} Hi Jazz, Regarding your second entry, can you please elaborate on the pattern? Is it something not related to this method? Or did I miss something?Ignored