RSI Dash

asia session.
watching eu,gu.

hidden divergence below resistance.

Bro, can you kindly share the indicator you used here and your template please? Thanks in advance.

hidden divergence below trend line and round number 1.37.

here it is.

indicators: #post 138, 100, 244 (the 2nd one).

asia session.
watching ec,en.

some one asked me about my method.
i reproduced my reply below for those who are interested.
It is meant for day/session trading.

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using big lots and martingale are big no no as they affect your psychology not to get out when losing still believing that your original analysis is correct.

you mentioned 20 pips TP. that can be 1 or 1.5% of your equity. SL should not be more than 20 - 30 pips. learn to accept the loss and move on to look for new set ups. if there is new set ups and you are on martingale, you loose a lot of opportunity. this is also a cost to you.
Asia session look for lesser TP like 15 pips as the move is slower unless there is economic news from AUD, NZD.
European session can look for 20 -30 pips.

no need to monitor so many pairs. what i monitor are EUR pairs and GBP pairs as you can see i monitor 10 pairs.
by now you should know that there is no such thing as entry straight to profit.

if you truly follow your method, even a loss is considered a success. why? because you follow your rules no matter what.
if you truly believe your method, even with losses now and then, in the long run you know you will be winning in the end as you get more familiar.

below is a summary of what i look for. this may not suits everyone. you have to find your own method that you are comfortable with.

1. Note economic news.
2. Currency strength (I use RSI Dash).
3. Main Trend (D1, H4 higher high, higher low).
4. Look for Support/Resistance or Trend Line Break in the direction of Trend.
5. Wait for Pullback to SR or TL or Round Number (not necessary from (4) above).
6. Look for Hidden Divergence to match (5) above. HD means trend continuation. If Regular Divergence, look also for HD in higher time frame.
7. SL one or two SR away (around 20 pips).
8. TP one or two SR away (around 20 pips).

See example #post 259 for a smooth trade.
#post 260 for a difficult trade going against you for quite some time.
I held onto the trade because of above Resistance and Round Number. Also although the m5 rsi going up and down, the m30 rsi still red below 50 level.
#post 257 for a loss. i did not take profit earlier. i have to accept the loss because price broke support with rather strong candles. i will have to take more losses later if i did not accept.

hidden divergence below round number 1.67.

london session.
watching ea.

eu hidden divergence below day open.

support turned resistance with hidden divergence.

ga support break with hidden divergence below day open.

all red.

support break with hidden divergence below round number 1.2650.

waiting for a few gbp pairs pullback with hidden divergence.

ga.
structure break pullback with hidden divergence below resistance.

ga.
structure break pullback with hidden divergence to moving average.

gu.
structure break pullback with hidden divergence to resistance.

on m5 rsi was above 55 but i took the risk, because of divergence and resistance level.

wow, it's good that you were satisfied with your profit. gbp news shot up.
m5 rsi was retracing above level 55 and just hooking down 55, while m30 rsi was still below level 50.
there was another similar one at previous day low during frankfurt open.

this method will never be in a hurry to put through a trade, just have patience to wait for hidden divergence at SR.
one or two set up in every session in the direction of trend.