BORing Journey Journal 2020

A) when conflicting divergences occur, whether in multi time frames or same time frame, one can ask whether it is:
1. consolidation, or
2. retracement

B) if still in doubt, go back to basic. ie. the higher time frame trend.
how to broadly see trend?

in the example, we are comparing h1 and m15 with conflicting divergences.
so higher time frame would be h1.
possible determination of trend would be:
1. trend line - price stays below
2. macd - stays below zero line

C)
1. hd in higher time frame is very powerful simply because it flows with the trend.
2. rd in higher time frame is more difficult as it takes more time and greater effort to reverse the trend.

D) best scenario:
1. hd in higher time frame -> flows with the trend.
2. rd in lower time frame -> retracement.
3. higher time frame trend resumes.

in the example, the m15 rd could have run its course as price was rejected at the red resistance zone.

down trend structure break.
the exhaustive up leg met with first time back at fail to return point, trend line and fib zone with hidden divergence.

please refer to post 1 for numbering.

7 reasons to make trade.

Hi I watched you on different threads and I admire You how easily You use the PA. What do You think about this analysis?

not many would want to do chart analysis, preferring to see green i buy, red i sell.

in real life, it would be quite difficult to sell in m5 as there were 2-3 weeks of uptrend.
unless one is trading solely looking at m5.
or else we also need to have higher time frame analysis.

you know the concept well.
if you are aggressive, can use trend line for earlier entry.
the triangle would give added confidence for 2nd and 3rd entry.

Thanks a lot, I mainly do analysis on old charts because of work. But I am going to try trade on mobilephone.

7 reasons to make trade.

I like looking at Your charts, everythings seems very easy.
And here's my missed entry.
I started watching this possible entry after breakout but then I had to go out because of work.
1. BO
2. PB
3.HR

And this look very similar to QM...

glad that you notice that point 2 is a pullback in m30.
some people hardly notice and need to go to lower time frame to see better.

When You look at 5m on EU, We had a nice HD in S&R zone...good for 15 pips with about 9 pips sl.

sell for 7 reasons.

7 reasons to take a sell trade during NY session.
and i press the wrong button. LOL.

here's the 7 reasons.

close eyes ........ relax ........

7 reasons to take a sell trade.

day trading.
wait for break out and pullback.