Disliked{quote} No comments or critiques on my side Ivan! I do have the same setups waiting on at my VPS. If conditions continue to apply when price reaches those areas, I will be taking those similar trades. It looks like you know what you are doing, all I can say is congratulations my friend AlfonsoIgnored
And Marko good sharing there, I like how you use those indicators together with S/D concepts. It is interesting how all these pieces of puzzle fit together. I really agree with what you mentioned regarding divergence. I also noticed that very often price will exhibit divergence on the LTFs as it is approaching our HTF zone. When I think about it divergence is really a loss of momentum, and it makes sense that price is losing momentum as it is approaching our zone. Take it further and there'll often be chart patterns like double tops with the second top fake breaking out of the first, 3 drives up, rising wedge, compression etc on the LTFs as price is approaching our HTF supply zone. All that will almost always be coupled with bearish divergence on multiple indicators and what is happening in the background is just smart money filtering in their sell orders. While not necessary, those definitely add confidence in taking trades in zones which are valid according to Alfonso's rules. Here is one recent example:
Its funny cuz after spending a couple of years studying chart patterns, indicators, candlesticks etc, I found that so far Alfonso's strategy has the highest proven expectancy and makes the most logical sense. In a nutshell, I realized that indicator signals and candlesticks tend to fail more if the zone is invalid to begin with, and if the zone is valid, I don't even need them! I can place a limit order and be part of the pin or engulfing bar that is forming.
Ah I really digressed... Just wanted to say I enjoyed your sharing and there were nuggets of useful trading knowledge in it. Shall stop deviating from the original thread material now, have a great weekend everyone!