More simple is impossible

Quoting dee50

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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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Quoting superjolt

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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}

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Quoting dee50

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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. {image}

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Quoting dee50

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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.

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Quoting superjolt

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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? {image} edit: HDiv and bounce off MA triggered entry

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Quoting superjolt

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{quote} I entered anyway, but the div would have been nice! {image}

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Quoting dee50

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{quote} did you not have 2 divergences on the 5 pip chart? {image}

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Quoting dany78

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{image}

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Quoting dany78

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{image}

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Quoting dee50

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{quote} 127% 161.8%. depends on which pattern you are trading. The 127%, is significant as a first target if you are trading Fibonacci Extensions, as per your chart. The 161.8% is significant as a first target if you are trading the 123 Pattern, except when the pullback to point 3 goes deeper than the 61.8% then it becomes the final target. Does that make sense?? A Fib retracement to the 38% will reach the 200%, probably more, look for an S&R level beyond the 200%. A fib retracement to the 50% - 61.8% will terminate at the 200%, use the 161.8% as...

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Quoting friska

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daily div in action? {image}

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Quoting dee50

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GER30 +53. can not see an entry on the 10, or you are late to the party, look at the 5 pip. What have we got here then, Stochs refusing to come back below the 80 line, Stochs is OB but it is also confirming upward momentum, 10 pip stochs is coming back up from OS also confirming upward momentum. 10 pip stochs completes the UP cycle at the 200% & BRN lending strength to the Divergence. {image}

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Quoting dee50

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{quote} Daily Divergence has been in play for 5 days now!! Divergence at the Bottom of a Daily Channel/ trend Line + Divergence was on a Daily Pin Bar.

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Quoting friska

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{quote} oh yes of course was in late (if you're referring to my position), so I had to wait for the release on 38-50-61 fib for interested entrance... {quote} I beg to differ with this statement master, I think the div was unlocked outside of that series of ongoing negations and fighting, then I see the effectiveness of a maximum of two days ...

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Quoting dee50

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{quote} HAH!! Charts don't lie my chart says that the market turn occurred at the Pin Bar which negated the previous divergence by 50 pips, although, it does depend on which pair of glasses I am wearing :nerd: {image}

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