Hello Likica, I've began to to tidy up my charts to make for a clearer view as you suggested. I am using your template [with a few minor tweaks] so you can't complain this time there is too much indicators, because they are your indicatorsnot sure what the thick random horizontal lines are on there either, they came with your template and i don't know which indie it is to get it off. anywhoo, I had a failed trade today, i would be grateful if you could take a look at it. eur/nzd m30 I took this long around 3 hours before this post was made....
I had a quick glance at EN ( I have to go out in a minute), will leave a few comments for you to take another look at your trade:
- no BUOB on my chart. Pls take extra care when only spotting an outside bar as that is a trick MM playing around S/R. I don't take OB by itself. I am trading PA + TDI +STOC
- no hidden divergence nor regular divergence on my m30 ( I m using Pro TDI) for this pair at the time you entered the long.
- if you r taking a counter trend, make sure it bounces off a major S/R and both tdi and stoc have to be around 50 or above to go long.
- you need a regular divergence to see if price is about to change trend (from your trade, price was down for more than 100p and kept making lower highs lower lows, what made you see a hidden divergence to go long? I saw only hidden div to go short formed soon after your entry (hidden divergence is another name for continuation of trend).
- I have not looked at higher TFs like D1 or H4 yet, as I can see a lot of things showing on M30 that only sellers were at that moment you entered a long.
Appreciation is the key to wealth and happiness
Nefilim
