something else to consider (even though you won) at the point you took the short we were still long mode, the price hadn't broken the low prior to the HH (although it was pretty close)
Any thoughts about this one (please refer to the arrow). As I see it the trend is still down. In such instances is it better to wait for 1-2-3?
Ignored
I would argue that yes, wait for the 123. They seem like much higher probability set ups. Divergence mentioned on his webinars that many of those are ideal set-ups. I haven't seen where Divergence takes trades only based on divergence occurring. On your chart, it looks like a 123 did form just after your down arrow.
Maybe Divergence can clarify if he takes divergence only trades. And if so, when.
I would argue that yes, wait for the 123. They seem like much higher probability set ups. Divergence mentioned on his webinars that many of those are ideal set-ups. I haven't seen where Divergence takes trades only based on divergence occurring. On your chart, it looks like a 123 did form just after your down arrow.
Maybe Divergence can clarify if he takes divergence only trades. And if so, when.
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Thanks Rcwso. My thinking was that the trend is still down, so we are going with the trend, do we need a 123 in such cases? I didn't take this trade, just wanted to know whether I am going in the right direction.
when div forms i wait for it to confirm with a 123 pattern and then a momentum candle crossing 10 and cci closed below or above 50 and candle is within 2.4 of point 2 for the setup bar
when div forms i wait for it to confirm with a 123 pattern and then a momentum candle crossing 10 and cci closed below or above 50 and candle is within 2.4 of point 2 for the setup bar
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Just one last clarification: The set-up bar needs to meet the above criteria from your quote. Then the entry-bar will follow the same rules of 1 pip below, in this case etc. So it is the set-up bar that needs to be within 2.4 pips of point 2 and NOT the entry-bar?
