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  • #6,381
  • Mar 30, 2016 12:44pm Mar 30, 2016 12:44pm
Great explanation Dee. Many thanks for that. I wont give up and be a successful trader.

Best



Quoting dee50
{quote} That's what I thought you had seen. I redrew the S&D rectangle, now look at it, along with all the other points already mentioned by the other two. You were basically not wrong in your thinking, but the other clues should have stayed your hand and waited until price had broken down below the support level formed by the consolidation zone to the left. if you look at points 2-3 the reversal was clean and decisive, at 5-6 it was any thing but clean. I keep having to say this, not just to you but every one. Divergence is a sign that "some thing"...
  • #6,382
  • Mar 30, 2016 1:13pm Mar 30, 2016 1:13pm
Quoting cfabian
What would you do with 2 oppositde divergence in your charts? Wouldn't you look for same direction instead? {quote}
Hey Cfabian. If i understand correctly, we are talking about the 5 pip chart div and the hdiv that formed after it? The only reason i was looking for a short trade was that i was convinced that the area where the divergence formed, 50% htf fib, at BRN, with a "tripple top", some S/R right above, - might lead to a reversal. I took the trade after the first pullback, and the hdiv below did not exist at that time. After i got be+2, i was hoping that a 123 might form and a ride below would follow.
Hdivs tend to fail more often than regular divergences.
In retrospect, i should have listened to that hidden divergence... - but that is sometimes the big problem for me - I see a trend and instead of looking to ride it, i start looking for reversals and divergences...need to work on that mindset.
I am not sure i answered you question, if not can you please show me on the chart.
Best, Josh
  • #6,383
  • Mar 30, 2016 2:01pm Mar 30, 2016 2:01pm
Quoting cfabian
You are totally right Dee. Sorry for that. Here are my annotations and the images. First we were below daily openning price, having a down bias. I then considered the yellow rectangles as a potential resistance areas. Saw divergence as marked in the chart as well. Those points were basically what suggested me entering short. {image} {image} {quote}
I also has a tendency to look for reversals instead of trusting the trend/direction. I while ago I started to use the rule that macd has to pass the zero line before even consider a countertrade. I still make a lot of mistakes but not all the time. Maybe a tips.
  • #6,384
  • Edited 4:41pm Mar 30, 2016 4:25pm | Edited 4:41pm
Quoting dee50
{quote} 4 pages back. http://www.forexfactory.com/showthre...08#post8832308
Just found the Ultimate Arrows in the thread, it looks good to the left, like it's saying enter at SELL at down Arrow and exit at up arrow; hope it doesn't repaint to the right.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 74.png Size: 81 KB
Let it turn and find your entry.
  • #6,385
  • Mar 30, 2016 4:51pm Mar 30, 2016 4:51pm
Quoting Intrepidpips
{quote} Just found the Ultimate Arrows in the thread, it looks good to the left, like it's saying enter at SELL at down Arrow and exit at up arrow; hope it doesn't repaint to the right. {image}

Okay just read this

http://www.forexfactory.com/showthre...49#post8466849

Guess you need additional information to follow it's leading.
Let it turn and find your entry.
  • #6,386
  • Mar 30, 2016 8:08pm Mar 30, 2016 8:08pm
Quoting Intrepidpips
{quote} Okay just read this http://www.forexfactory.com/showthre...49#post8466849 Guess you need additional information to follow it's leading.
Im using this indicator for arrows(alerts), but its stochastic based.
it does not repaint, once an arrow is printed and the candle closed it does not disappear, but it does print more arrows on chart moving than if you refresh it, but i dont see that as a problem.
Attached Image (click to enlarge)
Click to Enlarge Name: 08 48 48 0 0.PNG Size: 172 KB
Attached File(s)
File Type: mq4 Stochastic Momentum (SMI) Alerts Arrows Only.mq4   10 KB | 323 downloads
File Type: mq4 Stochastic Momentum (SMI) Alerts Arrows.mq4   16 KB | 395 downloads
  • #6,387
  • Mar 31, 2016 1:11am Mar 31, 2016 1:11am
Quoting mokuro89
{quote} Im using this indicator for arrows(alerts), but its stochastic based. it does not repaint, once an arrow is printed and the candle closed it does not disappear, but it does print more arrows on chart moving than if you refresh it, but i dont see that as a problem. {image} {file} {file}
Thanks for sharing, could you share your mini charts indie and which MT4 folder does the Fonts file go?
Let it turn and find your entry.
  • #6,388
  • Mar 31, 2016 1:15am Mar 31, 2016 1:15am
Quoting Intrepidpips
{quote} Thanks for sharing, could you share your mini charts indie and which MT4 folder does the Fonts file go?
Stepping in. Here you go. The font goes in the C:Windows/Font folder I think.

Edit: http://www.forexfactory.com/showthread.php?t=198729
Attached File(s)
File Type: ex4 pipware-minichart-v3.0.ex4   40 KB | 282 downloads
Hidden in plain sight.
  • #6,389
  • Mar 31, 2016 4:11am Mar 31, 2016 4:11am
I really need to start getting up earlier. Looks like i missed that wonderful short drive. I did take this bounce trade for 23. Div on 5 and 10, 50% fib retracement level, S/R zone and 200ema on 10. Target was daily open line /BRN. Result +23.
Attached Image (click to enlarge)
Click to Enlarge Name: Ger30 +23.png Size: 123 KB
  • #6,390
  • Mar 31, 2016 5:09am Mar 31, 2016 5:09am
Quoting JoshuaHope
I really need to start getting up earlier. Looks like i missed that wonderful short drive. I did take this bounce trade for 23. Div on 5 and 10, 50% fib retracement level, S/R zone and 200ema on 10. Target was daily open line /BRN. Result +23. {image}
nice clean trade
  • #6,391
  • Mar 31, 2016 5:25am Mar 31, 2016 5:25am
Gosh, today is like watching paint dry. Hopefully we'll pick up some momentum in NY session.
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,392
  • Mar 31, 2016 5:27am Mar 31, 2016 5:27am
Quoting JoshuaHope
I really need to start getting up earlier. Looks like i missed that wonderful short drive. I did take this bounce trade for 23. Div on 5 and 10, 50% fib retracement level, S/R zone and 200ema on 10. Target was daily open line /BRN. Result +23. {image}

why is it that my 50%fib is not at the 200ema and also see where your 50ema crosses 200 ema mine is not the same ....what ema do you use 200 or 150?? did anyone else see the 50 fib at ema 200??
Attached Image (click to enlarge)
Click to Enlarge Name: 10 renco.png Size: 53 KB
  • #6,393
  • Mar 31, 2016 5:31am Mar 31, 2016 5:31am
Quoting BBalazs
Gosh, today is like watching paint dry. Hopefully we'll pick up some momentum in NY session.
yeah I have no clue which direction ...I want to go long but waiting for a signal
  • #6,394
  • Mar 31, 2016 5:57am Mar 31, 2016 5:57am
Attached Image (click to enlarge)
Click to Enlarge Name: n1.png Size: 33 KB
  • #6,395
  • Mar 31, 2016 5:58am Mar 31, 2016 5:58am
Quoting bettervolume
{quote} why is it that my 50%fib is not at the 200ema and also see where your 50ema crosses 200 ema mine is not the same ....what ema do you use 200 or 150?? did anyone else see the 50 fib at ema 200?? {image}
Hmmm. This is what I am getting. The move was not an absolute touch of the 50% retracement, but i considered that level a very probable reversal level due to all other factors. About 200 and 50 ema...are you sure you are using ema not sma?
Best, Josh
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2-50%.png Size: 110 KB
  • #6,396
  • Mar 31, 2016 6:09am Mar 31, 2016 6:09am
Quoting bettervolume
{image}
Good pips.
  • #6,397
  • Mar 31, 2016 6:40am Mar 31, 2016 6:40am
Quoting JoshuaHope
{quote} Hmmm. This is what I am getting. The move was not an absolute touch of the 50% retracement, but i considered that level a very probable reversal level due to all other factors. About 200 and 50 ema...are you sure you are using ema not sma? Best, Josh {image}

can it be a broker problem which broker are you with im with pepperstone
  • #6,398
  • Mar 31, 2016 6:46am Mar 31, 2016 6:46am
Quoting bettervolume
{quote} can it be a broker problem which broker are you with im with pepperstone
I am also with Pepperstone. It could be up to the renko builder? I use pimped v413. Very strange...
  • #6,399
  • Mar 31, 2016 6:51am Mar 31, 2016 6:51am
Here's mine.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M4.png Size: 28 KB
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,400
  • Mar 31, 2016 6:54am Mar 31, 2016 6:54am
Quoting JoshuaHope
{quote} I am also with Pepperstone. It could be up to the renko builder? I use pimped v413. Very strange...
I use the same maybe the slow internet here in south africa
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