Williams%R, SAR X-over 15 minute candles

Ok a nice piece of luck, on my long will explain in a few minutes.

as you can see not my normal exit here, can't claim it was skill I stayed in just luck. We've been having problems with one of the skylights in the house. The contractor showed up early today so I set my stop at +15. I was up on the roof looking the problem while everything was happening.

Not much difference in pips from your normal exit i'd say, so still a beautiful execution of trading!
I got out of USDJPY and i'd say i can call the day.

Hope the skylight get fixed soon mate.
Have a nice day and a nice weekend

Oh i forgot to ask, when you see a divergence, what makes you pull the trigger? I mean when you decide that price is indeed changing direction and instead you are not facing a "fake divergence" and price is continuing the previous trend?
Do you wait for break of trendline or something?

hello everyone

iam new trader just learning few months ago prcie action etc i dont know much about indicators and how to use here i see alot of posts about trading and methods i see ur post and wanted to learn it. mostly i use tradingview for charts but here i see u all are using someother site or program as for my self i use MT5. my main question is i searched to william %R indicator in trading view but i cant find that 50 line in middle but there i can put ema 50. so as a pro traders what advice u mates can give me. if u can guide me how to use it pls Thanks in advance

Wait for a break of a trend line and ADX must be moving up, Then I'll enter but be ready to exit quickly if necessary. Doing it this way increase my odds that I'l get some movment to where at least I can move SL to B/E.

Skylight is Fixed.

Forgot still long on the peso.

That's it for me time to start enjoying the weekend.

Ok for question about WPR and the 50 line. The indicator has std settings for period usually 14 I use 20 or 16, and setting for overbought/oversold usually
-75 for overbought and -25 for oversold. You just need to change the setting to both -50.

Thanks Rocky Point, enjoying the thread. have a great weekend.

Alright, i'll backtest on charts during weekend. Usually i waited to see a HH/HL before entering after divergence, from now on i'll try to test your method because it gives a better entry.

Thanks for answering.
Enjoy weekend

I believe in being aggressive on divergences also don't be greedy. Today got a big move most of the time you don't. As for backtesting not a big believer because way I trade is pretty discretionary, I don't take every entry. Also a lot of people do testing taking trades over entire 24 hour period. I thinks that wrong only test the normal periods you trade.

Yes i'm not a big fan of backtesting and demo too, because there are no emotion/discipline involved. During my "backtesting", i only try to check charts for the past couple of weeks, just to figure what i can expect during live trades

Happy week to all!

Pretty straightforward morning on USDJPY:

EURUSD also moved nicely but didn't take any trade on it.

Boredom today, no trades think I call it quits for day, Mondays can be a big yawn especially going into holidays.

3 trades, 3 break even

Guess need to wait for the mighty CPI news first

Man, gotta love these high momentum trends

Probably i'm done for the day.

1 trade today finally, very boring last couple of days.

Jojofx 3 B/e's not a bad day, limiting losses is a positive. Sometimes things just don't go your way. To me trading has 4 outcomes.
Best to Worst they are:
1) you make money
2) you B/E
3) you decide not to trade.
4) you lose money