Hi PipRiderFX and Happy Easter
You mention videos on this system where could i view these.
many thanks
You mention videos on this system where could i view these.
many thanks
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QuoteDislikedIn the pdf guide it is mentioned that the setup candle should cross the SMA? Well I have seen a few examples in the posts and also the videos where the setup candle does not cross the SMA at all so for example if you are going long the Setup candles is already above the SMA.
Is it correct in saying that ultimately the criteria is for a close above the SMA (for Longs) after a pull back along with a CCI above 50 (in a simplistic form)
DislikedHi All and Happy Easter!
I have a quick question...
In the pdf guide it is mentioned that the setup candle should cross the SMA? Well I have seen a few examples in the posts and also the videos where the setup candle does not cross the SMA at all so for example if you are going long the Setup candles is already above the SMA.
Is it correct in saying that ultimately the criteria is for a close above the SMA (for Longs) after a pull back along with a CCI above 50 (in a simplistic form)
ThanksIgnored
DislikedI am really trying to get to grips with this stuff and just want to make sure I am reading the situation properly....Ignored
DislikedHi,
Ok I understand what you are saying. The only reason I asked it that on the videos by Divergence he gives some examples where there is no cross back and forth through the SMA.
But thank you for clarifying.Ignored
DislikedI see what you mean about the HL. But then my question is how would I have handled the trade... If I took the long opportunity I would have been stopped out.
So was there a reason not to be long on this trade or was this just one of the losers?Ignored
DislikedOK so you can take counter trend trades then? If the momentum is in that direction?
Also I have another question. During my testing I have found that trades that have not worked out have occurred when there has also been divergence on the RSI. So with that in mind even if I am not going to trade the divergence setups initially, should I still be using the RSI as a reason not to get into a trade if it is showing Diveregence at the time of entry?
ThanksIgnored
DislikedHi Everyone,
Sorry one more question... for now anyway :-)
Am I right in assuming that we are only interested in trades once the trend is in motion. So for example in the attached chart, even though the overwhelming trend is down the current price action is sideways so we would be standing aside?
Is that correct?
ThanksIgnored
DislikedI haven't pulled up any charts for that time frame back in March so I will take your word with the down trend.
Sideways markets are at your own risk. Some have been trading the bounces off of the support and resistance that bound the market. Others have been waiting for a clear direction. Sometimes a div/123 setup occurs at the point of s/r and might be an opportunity to trade. Just like with any sideways market, it is not as easy to read and is not a trend which this system is a trend system through and through. Enter the sideways market at...Ignored