The 5 min chart shows the action very clearly
Hope this helps to clear up what the action was like.
Any questions?
Hope this helps to clear up what the action was like.
Any questions?
1
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DislikedThanks Alan, all makes sense. It was my own annoyance, on why the bulls had not turned up after i saw the slow rsi at 50 and fast over 80 on the one hour yesterday. I realized my mistake was not having a bear support, plus i was taking a punt to confirm i am reading the charts right. Today we all ready the charts like a t. One person even had the sell on from bear support all the way up (they were up at silly o clock) But we all got our pips and there were pull backs to newer bear supports for even more on the 5 min. Interesting price is...Ignored
DislikedHi dear Alan, what is more confident entry?, when divergence appears we put a tentative entry with small lot size and when support comes we open more confident entry with big lot size. can we enter with big lot size on divergence isn't the more confident entry than finding support ? or can one only trade on divergences? like scalping with big lot size all the day , i mean begginers like me not so expert to catch the target at london open or on 40 pips then they can scalp all the day with big lot size to achive target?Ignored
DislikedHi dear Alan, what is more confident entry?, when divergence appears we put a tentative entry with small lot size and when support comes we open more confident entry with big lot size. can we enter with big lot size on divergence isn't the more confident entry than finding support ? or can one only trade on divergences? like scalping with big lot size all the day , i mean begginers like me not so expert to catch the target at london open or on 40 pips then they can scalp all the day with big lot size to achive target?Ignored
Disliked{quote} Not all divs lead to profit. Sometimes price want to reach a target so if you go for all those divs and they don't put enough for break even, you can quickly chew up your capital. For scalping I always recommend an area where price is bouncing off a support, this is extremely vital as you have a stronger signal. One thing to also look at is also seeing divs on more time frame, for example when I have a trade on, I would hedge if I see a div on the 5 AND 15 (with TBT!). Obviously there are exceptions to the rule , but the point is we are...Ignored
Disliked{quote} I agree with this entirely, divs are not the be all and end all of trading. First find a ZOO point on the higher time frame (1H) then looks for the signal to get in on the lower time frame. This will limit your risks and maximize the potential for profit. Most often I see people looking for bull divs in a downtrend instead of looking for continuation divs which give a higher probability of being correct. Waiting for these pull backs for prior to continuations gives the best chance but so many people regard this as a turnaround and occasionally...Ignored