NFP perhaps!
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DislikedThis previous H4 EMA level at 1.27909 is really tough resistance and has proved to be tough lots of times before. NFP will be the decider today. {image}Ignored
DislikedHello Alan, i have some problems hope you can help me with. How do i know if price will turn at which level? For example, chart below is 4 June, H1 is Extreme RSI fast, cross H1 EMA for first time and not build bear support yet, also it at ABCD 50%. So when H1 close at 1, i take few buy on M5 DIV bull, price only turn back to upside when price cross H4 EMA. Simple put, i think price will turn at EMA H1, but it not and only turn back at H4 EMA line. How do i know if price will turn at H1 EMA line/ H4 EMA line ? Or price will push through and create...Ignored
Disliked{quote} I might be able to help with this as I have been here many times thinking price will turn on the EMA and it doesn't. H1 chart bear divergence at the top suggesting an EMA cross and target the last EMA swing. We are shorting at this point. ZOO points are the H1 EMA and H4 EMA Watching the M5 is indeed divergence all over the place so I only use the M5 for bull and bear support levels only. I use the M15 for more reliable signals in particular RSI14 making HH at the ZOO points in this case the H4 EMA, H1 also showing bull divergence. Is easy...Ignored
Disliked{quote} Thank 40PipsAlan, but make sure i understand correct, you mean i should use DIV signal on M15 AFTER they close? On real trade, my entry is on M5, and usually when M15 close at DIV possible. For example: Chart below, i entry at 1, 2 and 3 when M15 also close in DIV possible and M5 also in DIV (together with H1 RSI fast in extremely). And you suggest me entry at a (finish 2BT, or candle before that ??) or entry at b (after M15 form bull support possible? ) {image}Ignored
DislikedHello Alan, i have some problems hope you can help me with. How do i know if price will turn at which level? For example, chart below is 4 June, H1 is Extreme RSI fast, cross H1 EMA for first time and not build bear support yet, also it at ABCD 50%. So when H1 close at 1, i take few buy on M5 DIV bull, price only turn back to upside when price cross H4 EMA. Simple put, i think price will turn at EMA H1, but it not and only turn back at H4 EMA line. How do i know if price will turn at H1 EMA line/ H4 EMA line ? Or price...Ignored
Disliked{quote} Thank 40PipsAlan, but make sure i understand correct, you mean i should use DIV signal on M15 AFTER they close? On real trade, my entry is on M5, and usually when M15 close at DIV possible. For example: Chart below, i entry at 1, 2 and 3 when M15 also close in DIV possible and M5 also in DIV (together with H1 RSI fast in extremely). And you suggest me entry at a (finish 2BT, or candle before that ??) or entry at b (after M15 form bull support possible? ) {image}Ignored
Disliked{quote} As we can see the M15 also shows divergence down to the H4 EMA so what gets me interested is a HH on the RSI(14) when both RSI are in OS area is even better. this suggests an EMA cross so we can also add a trade when we get M5 support but I haven't perfected double entry yet. We see the trade dropped by 14 pips so almost got stopped out. Didn't make it to the target EMA level but run into more divergence so time to get out. I also do quite a bit of waiting for M5 support before taking a trade to be on the safe side if I am unsure. Nala would...Ignored
Disliked{quote} You keep showing only a part of the story. What is your target? What is your stop? I would have this drawn on my 15 min chart... {image} On Trade1. The target was the swing high average just about squeezing in my 40 pips even though it ran on much more. On Trade 2. The target for price was the average swing low easily covering my 40 pips. On Trade 3. The target was the average swing high, and it just made my 40 pips before fooling around finally making the price target after37 hours. Your trade was tad early but should still be fine looking...Ignored
DislikedHad these two planned today, and managed to miss both! First turned one pip from the swinglevel, and the second while I was on my only dog walk for the year. Frustrating times keeps going. Now I am unsure of what's next. {image}Ignored