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  • #3,581
  • Edited 4:05am Oct 5, 2015 3:52am | Edited 4:05am
Quoting superjolt
Nice! I had a similar entry, but missed the Div and closed a bit later, but still at a profit Re-entered on the pullback, moved to BE so zero risk right now.

i'm also back in,
TL tested (you look better on 5p), coincides with double touch 61.8 ,
10p has re climbed 50 on Stoch, so i'm back long SL@ BE


EDIT: out +22 a lot of effort and a couple div on 10p ... I do not trust..
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1m
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nescentia necat
  • #3,582
  • Oct 5, 2015 4:23am Oct 5, 2015 4:23am
Quoting friska
{quote} i'm also back in, TL tested (you look better on 5p), coincides with double touch 61.8 , 10p has re climbed 50 on Stoch, so i'm back long SL@ BE EDIT: out +22 a lot of effort and a couple div on 10p ... I do not trust.. {image} 1m {image}
That's reason I don't like trendlines as you can see my trendline would be different at least on renko
I missed the previous action. Anyway I banked +29 on this one at least on demo :x
M1 trendline brake. renko 5p back from OS/ma support/38.2 FIB/HDiv
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  • #3,583
  • Oct 5, 2015 4:31am Oct 5, 2015 4:31am
Quoting nuckern
{quote} That's reason I don't like trendlines as you can see my trendline would be different at least on renko I missed the previous action. Anyway I banked +29 on this one at least on demo :x M1 trendline brake. renko 5p back from OS/ma support/38.2 FIB/HDiv {image}
well done!
your ema is 150?

imho there are no even strong signals for a short ...
nescentia necat
  • #3,584
  • Oct 5, 2015 4:39am Oct 5, 2015 4:39am
Quoting friska
{quote} well done! your ema is 150? imho there are no even strong signals for a short ...
Hmm, I'm thinking Reg Div on 10p close to previous S&R at around 9780, could be a short ? or maybe it needs to push higher to that price before it comes down.
  • #3,585
  • Edited 5:17am Oct 5, 2015 4:59am | Edited 5:17am
Quoting superjolt
{quote} Hmm, I'm thinking Reg Div on 10p close to previous S&R at around 9780, could be a short ? or maybe it needs to push higher to that price before it comes down.
yes may be,
but I do not see a great enthusiasm to push the price down ... for now,
hibernating bears?

edit:
I do not see great enthusiasm overall..
nescentia necat
  • #3,586
  • Oct 5, 2015 5:56am Oct 5, 2015 5:56am
Quoting friska
{quote} well done! your ema is 150? imho there are no even strong signals for a short ...
I'd not think about short. It wasn't just as nice support trend line as yours.

150 and 60 same as Dee. I have also 200ema, 21/89 lwma on M1.

Missed another 14 ( just 14 coz it starts to be heavy on top ). Would be BE if somebody hold longer.
10p stoch 50 reverse, 5p goes from OS/break of trendline, 60ma support.. This is pure scalp.. quick in quick out..

Sorry about my MS paint skills
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  • #3,587
  • Oct 5, 2015 6:44am Oct 5, 2015 6:44am
Quoting nuckern
{quote} I'd not think about short. It wasn't just as nice support trend line as yours. 150 and 60 same as Dee. I have also 200ema, 21/89 lwma on M1. Missed another 14 ( just 14 coz it starts to be heavy on top ). Would be BE if somebody hold longer. 10p stoch 50 reverse, 5p goes from OS/break of trendline, 60ma support.. This is pure scalp.. quick in quick out.. Sorry about my MS paint skills {image}
nescentia necat
  • #3,588
  • Oct 5, 2015 7:16am Oct 5, 2015 7:16am
GER30 +19.

I need to get a grip of my targets.. Target was S&R @ 9780 but now I can clearly see it hit 127 fib on the nose - but for some reason I didn't have that value set up on my fib settings! Only after reading your previous post friska did I notice that. How significant is 127 for GER30 compared to 161.8 would you say?

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edit: HDiv and bounce off MA triggered entry
  • #3,589
  • Edited 8:05am Oct 5, 2015 7:45am | Edited 8:05am

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out long +15 (SL hit)

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done for today CU
nescentia necat
  • #3,590
  • Oct 5, 2015 8:43am Oct 5, 2015 8:43am
Quoting friska
{image} out long +15 (SL hit) {image} done for today CU
Missed both opportunities so I wanted to catch at least this.. 127 motherflucker... stoped 7,8 pips.

And that daxy biatch.. Damn.. I should have stay BE or bank more than just 7,8 pips.. :X and This time live..:/
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  • #3,591
  • Oct 5, 2015 12:16pm Oct 5, 2015 12:16pm
Quoting nuckern
{quote} Missed both opportunities so I wanted to catch at least this.. 127 motherflucker... stoped 7,8 pips. And that daxy biatch.. Damn.. I should have stay BE or bank more than just 7,8 pips.. :X and This time live..:/ {image}
One rule I'm trying to stick to is to only move the SL once and once only, which is to BE. Then allow the trade to follow through to the predetermined target, unless something else comes into play like divergence. Well that's the theory anyway, hard to break a habit!
  • #3,592
  • Oct 5, 2015 1:05pm Oct 5, 2015 1:05pm
Quoting superjolt
{quote} One rule I'm trying to stick to is to only move the SL once and once only, which is to BE. Then allow the trade to follow through to the predetermined target, unless something else comes into play like divergence. Well that's the theory anyway, hard to break a habit!
I used to do that too.. But have so many BEs. Now I'm trying more trail thing. But this wasn't as I wished. Depends on situation.
  • #3,593
  • Oct 5, 2015 1:29pm Oct 5, 2015 1:29pm
Quoting nuckern
{quote} I used to do that too.. But have so many BEs. Now I'm trying more trail thing. But this wasn't as I wished. Depends on situation.
Ah right - fair enough then!
  • #3,594
  • Edited 4:02am Oct 6, 2015 3:46am | Edited 4:02am
long dax +45 ongoing
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EDIT: out +60 on 1618... the price still has the potential to go up, but to me it was enough so
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nescentia necat
  • #3,595
  • Edited 5:46am Oct 6, 2015 3:54am | Edited 5:46am
Hello Everybody.
Thanks Dee50 and Friska for your interesting analysis.

I would like to have your own analysis of the day yesterday.
There were many divergences both renko to 5 points on renko 10 points. But they were completely ignored by the price.
The trend has been very strong.

PS: The divergences that started from already the day on Friday and continued throughout the day yesterday on Monday 5 October

Were broken also, slowly, all the resistances of the last 10 days.
They are indicated by the dashed lines of blue color.

Attached my indicator SR 10 days

it is preferable to use this indicator with brokers without the candle Sunday with server time GMT + 2 (utc + 2)
in the values of input I use sr to 11 days
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Attached File(s)
File Type: mq4 SR_intraday.mq4   4 KB | 275 downloads
  • #3,596
  • Oct 6, 2015 4:41am Oct 6, 2015 4:41am
GER30 +92. Unfortunately it doesn't compensate for my stupidity earlier lol

Closed on 9878 which I figured was previous S&R, now looks like it wasn't a bad call.

I've also no idea why I didnt enter on close over the 5EMA, must have been making tea or something.

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  • #3,597
  • Oct 6, 2015 5:00am Oct 6, 2015 5:00am
Quoting superjolt
GER30 +92. Unfortunately it doesn't compensate for my stupidity earlier lol Closed on 9878 which I figured was previous S&R, now looks like it wasn't a bad call. I've also no idea why I didnt enter on close over the 5EMA, must have been making tea or something. {image}

nice trade!!
nescentia necat
  • #3,598
  • Oct 6, 2015 5:54am Oct 6, 2015 5:54am
Quoting friska
{quote} nice trade!!
Thanks. I now need to find the balls to post my failures, nearly there
  • #3,599
  • Oct 6, 2015 7:10am Oct 6, 2015 7:10am
GER30+42.+40+123.+10.+66. I just threw the 10 pip trade in there for a laugh. I thought it was funny at the time but now it seems a bit silly, a waste of a good trade.
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Cut your Losers short and let your Winners run.
  • #3,600
  • Oct 6, 2015 7:21am Oct 6, 2015 7:21am
I've said it before and I'll say it again.

Divergence occurring during a strong Trend is less reliable.

Divergence is an indicator that indicates that "something" is going to happen, it might only be 1 bar change before continuing with the trend.

Divergence at a significant level, or a combination of these levels, 1 S&R. 2 BRN. 3 Fib Level. 4 Trend line. will normally result in a change of direction of sufficient momentum to grab some respectable pips. Except in a strong Trend, then you need to wait for confirmation.
Cut your Losers short and let your Winners run.
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