Do you feel comfortable to take trades after divergence triggers for countertrend?
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Hi Ral1n, I watched the eu and was afraid of the div, therefore I didn't look for a long setup on eu. But you're right that it might be questionable after the div already played out to some extent. I think the safe way is to stay out. For a countertrend entry the div must be followed by a 123 pattern and this approach has been broadly covered here but Divergence announced some tweaks providing more trend continuation trades and less countertrend trades so I'm very curious for the upcoming webinar ;-)
The CCI reading on my demo platform at FXDD was only at +49.60 on the 14:20 EDT (9:20 GMT) setup bar that you used...so my platform would not let me take it.
I am glad the trade worked for you on your platform. Secondarily, the entry was right above support (1.4861) according to my eyes and that's good.
In your pdf file, you mentioned trading hours for both UK and US as GMT 1230-1530. If I am correct, Div suggested GMT 00-1800 for Asian and GMT 1400-1700 for US... please clarify
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Big picture is that the times that are listed in the PDF are the original times that were suggested. Many have modified and use times that they are able to trade. Divergence has stated that he typically trades during the London/US session which is 1230-1530 GMT. He has also mentioned other times but the basic times are the ones he suggested that are written in the PDF. Those are generally, not always, the most active times. Lately most have been getting setups during the London only session which is much earlier.
Bottom line: you need to trade the times that you can but the most active times are the ones listed in the PDF.
The CCI reading on my demo platform at FXDD was only at +49.60 on the 14:20 EDT (9:20 GMT) setup bar that you used...so my platform would not let me take it.
I am glad the trade worked for you on your platform. Secondarily, the entry was right above support (1.4861) according to my eyes and that's good.
tomorrow night at 7 pm i will do 1 more webinar to show all you something that i have tweeked in method. Method is the same just more trend trades less div 123 a lot less and the trade count will be higher
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Big D,
Is it friday or sat. night? When you posted this 11 hours ago, tomorrow night would be friday night. But the web link says sat. night?
Hi Ral1n, I watched the eu and was afraid of the div, therefore I didn't look for a long setup on eu. But you're right that it might be questionable after the div already played out to some extent. I think the safe way is to stay out. For a countertrend entry the div must be followed by a 123 pattern and this approach has been broadly covered here but Divergence announced some tweaks providing more trend continuation trades and less countertrend trades so I'm very curious for the upcoming webinar ;-)
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Hi tritom,
Yeah, I was thinking the same thing, that's why I chickened out a bit.
Besides, this new fantastic approach (Hats off to Divergence) I did introduce in live trading only. I don't use demo accounts, so basically it's better not to trade than to trade just for the sake of an entry.
I don't use demo accounts, so basically it's better not to trade than to trade just for the sake of an entry.
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agree 100% and it applies to both live and demo accounts, otherwise any demoing is worth nothing. I'm still on demo with it since I can't trade micro lots (would be much better for getting a grip) on my live account but I'm planning to switch within a month.
on anymeeting.com's site it says just push the record button and they'll even host it for you. the way u have figured trading out, i'm sure u'll get this figured out. thanks in advance
the way to trade the trend is not with indicator crosses or any other kind of indicator to tell you there is a trend thats the best way to get whipped. Firstly a trend is defined as higher highs and higher lows for uptrend and lower lows lower highs for down so if you can see that then all thats needed once a trend has formed is to trade the pullbacks. i am not starting this thread to be an on going thing just tired of all the systems on here this is the frame work to making money. I trade the 5 min chart eurusd never look for more that 26 pips...
