BBS in progress. There will be a breakout. But which way?
If you are good at something, never do it for free--Joker
Alien's Extraterrestrial Visual Systems
- #12,861
- Jun 25, 2015 12:06am Jun 25, 2015 12:06am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
- #12,862
- Jun 25, 2015 2:08am Jun 25, 2015 2:08am
GBPJPY
I think there could be hope for Longs, because:
Daily is building maybe a rubberband setup and ADX is (still) strong. maybe retrace to Bollinger 20 EMA and then another push to test high.
H4 hast still to bottom to drive the daily rubberband for long.
Week and Month ist still strong long..
I think there could be hope for Longs, because:
Daily is building maybe a rubberband setup and ADX is (still) strong. maybe retrace to Bollinger 20 EMA and then another push to test high.
H4 hast still to bottom to drive the daily rubberband for long.
Week and Month ist still strong long..
{quote} GU H1 bullish divergence in progress {image}
And all my checkboxes green so i can enter.
H1 bullish divergence trade - V
M5 entry
Bullish divergence - V
Bottom with all stos - V
ADX Compression - V
Rsioma 50 - V
Green sto 50 - V
DS 50 - V
Slow sto 50 - V
BB compression - V
BB slopping up - V
ADX - 4 speeds
Channel break - V
This is how i'm playing divergences lately, thanks for sharing again Gonzaga.
our drink is becoming famous, this is one of my favorite drinks, cheers!
- #12,874
- Jun 25, 2015 5:33am Jun 25, 2015 5:33am
{quote} Yes Gonzaga, riding this one too, 13 pips running .Here is my m5 entry. {image} And all my checkboxes green so i can enter. H1 bullish divergence trade - V M5 entry Bullish divergence - V Bottom with all stos - V ADX Compression - V Rsioma 50 - V Green sto 50 - V DS 50 - V Slow sto 50 - V BB compression - V BB slopping up - V ADX - 4 speeds Channel break - V This is how i'm playing divergences lately, thanks for sharing again Gonzaga.
- #12,880
- Jun 25, 2015 6:58am Jun 25, 2015 6:58am
hi gonzaga, may i know when do you enter, do you wait for rsioma to cross to confirm then enter or smaller timeframe look for opportunities? and what is mm and sm stands for? thanks in advance
mm stands for market makers or market manipulators bank and institutions and so on; sm stands for smart money edge funds professional traders alien traders and so on
, and theres also dm that stands for dumb money more then 90% of retail traders herd sheep.to simplify the thing what we must know is that usually mm and sm place they orders and start building their positions below or above whole numbers.
So below whole nr they could be filling long positions and above whole numbers they could be filling short positions.
So now that we know that we need clues that tells us that. I use divergence and rejection from whole nr levels to pick up my clues.
Then u can enter with 8.3.3 sto going along with 21 sto, place ur sl above last high/low and let it run without worrying if sto 8.3.3 goes against you with dd before going your way. divergence have good wining ratio and your sl protected. plus your following sm clues and the bigger picture alien system provides with mtf analyse so you should always use multiple time frames viewing
example:
