Another simple system - Time-Frame 15

Hi pips29 can you explain about CCI indicator in your chart

firas, I would be glad to but I need to know if you are familiar with this indicator. While you answer I 'll make lunch and come back. Hopefully, you would have replied by then

just showing an oil trade before I make lunch. Had taken 1/2 out and at b/e

Yes I familiar with this indicator but what the two cci

this is what I am looking at for oil. Target is nearly hit. The chart is based on H4...Edit: target hit for+91 (15 min)

1 min chart (oil) I was just looking at where I got out and it was at 58.35...my,my,my did I really get out at the bottom??? Most of my oil trades when I got out price moved another 100 pips or so without me

I have removed previous post on cci as I was out of line. I should be talking about the 10 ema instead

The trend was down on H1 and H4 (LH,LL) Price got rejected at the 34 and closed below the 10. Entered short

price got rejected at 34, upper pac and closed below lower pac and 10 ema .Entered short

on the daily chart (A/U) the red line of the TDI has just crossed below the 0 line .More downside??

thank you Jean, let me try this and see how it goes.

Thanks Pips, had already scrolled through the Paperclips for TMS and this thread, prior to requesting it. Did find the indi`s there but they were in .EXE format.

Even managed to locate the Yesterday Hi and LO Indi from the paperclip, but again its in .EXE format.

you guys make it look so very easy man. kudos.

+21 pip

went short today at frankfurt session ( i know its against the rule )
but acording to loveevery rule we trade away from 200 ema and if the price below 200 ema we only look for short.
and if today i only look for short at london open , i will miss the trade today.

but to me this is still trend bearish . Seeing the price action got rejected by 50
to me the price will still bearish until at this support(the blue circled)

i hope my s/r analyze is correct

why is that a support ? Are you looking at a fib. level? Below is my daily chart

Guys, how does one TRADE Divergences on a realtime chart (Demo or Live does not matter)?

I have seen that Divergences, do give you a clear picture of probability of where the PRICE will most likely head. Spot a Divergence, especially on the Higher charts (4h+), and you are definitely IN for a Pip treat.

But since the STOP is high on the Higher TF, how does one ENTER a trade on a lower TF? `coz one does not know, when the price is going to turn and follow the divergence SIGNAL you spotted.

So does one keep a High SL or low SL?
OR look for more confluences or chart points, where the PRICE is most likely to reverse, `coz of divergence, prior to Entering the trade?

Please Note: I have read the articles on Divergences, but the applications and Entry does not seem to be clear, for the scenario, i explained above.

thanks in advance for all your time and patience on this.

much regards,
JovyFX.

jovyfx, trading divergence is not as simple as just seeing HH (price) and LH (oscillator) for example but if divergence happens at resistance/support then the chances of success is good. The example below is the daily chart of e/u where pa shows a hammer at resistance and divergence too. The odds are in your favour when two or more of these happen

another divergence that play out nicely

yet another divergence play that worked out on the daily. A shooting star and a stop a few pips above this candle was never threatened

E/a Daily..another divergence play that worked out. Don't worry about a wide stop. It's hardly ever threatened