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DJIA one trade per day - Who's in?!

  • #181
  • Nov 21, 2016 7:38am Nov 21, 2016 7:38am
Got in quite late but exited too soon to compensate

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  • #182
  • Nov 21, 2016 3:34pm Nov 21, 2016 3:34pm
Quoting Baymax07
{quote} Here's the trade of last Friday. I missed it. {image} {image}
Thx Baymax what I am and I think others on here are trying to get to grips with is the 1 min chart , I can identify divergence in the 5 min but in the 1 min as to day it was driven up will this be the top and we just sell there ? If so where is the TP I am getting confused as some are using a 15 min chart as well. Would you be able to put today's trade up please .
  • #183
  • Nov 21, 2016 3:54pm Nov 21, 2016 3:54pm
Quoting Baymax07
{quote} Here's the trade of last Friday. I missed it. {image} {image}
Bay max l think you need to use the last up candle for your OB not the first down candle after the last up candle.
  • #184
  • Nov 21, 2016 9:31pm Nov 21, 2016 9:31pm
Quoting cfudge
{quote} Bay max l think you need to use the last up candle for your OB not the first down candle after the last up candle.
I understand what you are saying. The reason I have taken the first red candle as OB because price was still inside the range of the large bullish candle (which was the actual OB) after the divergence on M5 was detected. So a market order was a valid option according to OP. And the first red candle, since its range is smaller than the green candle, would give better risk reward.
  • #185
  • Nov 22, 2016 7:24am Nov 22, 2016 7:24am
5minchart
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  • #186
  • Nov 22, 2016 9:46am Nov 22, 2016 9:46am
Quoting cfudge
5minchart {image}
Didn't take that one (no divergence in my book).
Took the next one instead but got out when I saw it stalling too long...

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  • #187
  • Nov 22, 2016 10:24am Nov 22, 2016 10:24am
Quoting Go5
{quote} Didn't take that one (no divergence in my book). Took the next one instead but got out when I saw it stalling too long... {image}
Go 5. Isn't that a 1 min chart ? The divergence is done on the 5 min.
  • #188
  • Nov 22, 2016 10:30am Nov 22, 2016 10:30am
Quoting morse
{quote} Go 5. Isn't that a 1 min chart ? The divergence is done on the 5 min.
It's a 5M chart, check top left corner.
  • #189
  • Nov 22, 2016 11:35am Nov 22, 2016 11:35am
Quoting Go5
{quote} It's a 5M chart, check top left corner.
sorry go . Can you put the 1 min where the divergence was ..thx
  • #190
  • Nov 22, 2016 12:39pm Nov 22, 2016 12:39pm
Quoting morse
{quote} sorry go . Can you put the 1 min where the divergence was ..thx
M1 chart:
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  • #191
  • Nov 22, 2016 3:21pm Nov 22, 2016 3:21pm
Quoting Go5
{quote} Didn't take that one (no divergence in my book). Took the next one instead but got out when I saw it stalling too long... {image}
I know you like to not include the wicks but my indicator also highlighted this as divergence after I had.
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  • #192
  • Nov 22, 2016 3:39pm Nov 22, 2016 3:39pm
Thanks guys ! I use your India as well cfudge what's that pip count on your chart?
  • #193
  • Nov 22, 2016 4:44pm Nov 22, 2016 4:44pm
Quoting cfudge
{quote} I know you like to not include the wicks but my indicator also highlighted this as divergence after I had. {image}
That's just what I learned...This one does it right:

Attached File(s)
File Type: mq4 divergenceviewer_ad(1).mq4   64 KB | 302 downloads
  • #194
  • Nov 22, 2016 6:51pm Nov 22, 2016 6:51pm
Quoting morse
Thanks guys ! I use your India as well cfudge what's that pip count on your chart?
The pip count is for the sessions
  • #195
  • Nov 23, 2016 6:52am Nov 23, 2016 6:52am
5minchart
Missed yellow but indicator just gave another chance
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  • #196
  • Nov 23, 2016 10:49am Nov 23, 2016 10:49am
Quoting Go5
{quote} That's just what I learned...This one does it right: {file}
hi go5 what's the difference in the indicator you just posted ?
  • #197
  • Nov 23, 2016 11:18am Nov 23, 2016 11:18am
Quoting morse
{quote} hi go5 what's the difference in the indicator you just posted ?
That indicator is just an example of how divergence has to be drawn - connecting the peaks at the close because that is what the RSI is based on.
  • #198
  • Nov 23, 2016 12:58pm Nov 23, 2016 12:58pm
Quoting Go5
{quote} That indicator is just an example of how divergence has to be drawn - connecting the peaks at the close because that is what the RSI is based on.
I was wondering what the difference is between the one you post and cfudge?
  • #199
  • Edited 7:30am Nov 24, 2016 6:57am | Edited 7:30am
5minchart
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edit loss strong moves up may not reenter
  • #200
  • Nov 24, 2016 7:42am Nov 24, 2016 7:42am
I think there was a word 'obvious' divergence at the very beginning of the thread. you can come up with some kind of divergence almost after each fractal on 5 min. it seems to me that there is a rule (or should be) of how many candles between the tops/bottoms qualifies the setup otherwise each bump can be considered to be an entry.
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