Yes good advice. Thank you! I just think to use it as another confluence, so of course PA is #1. Just wanted to understand it better,

james16 Chart Thread

Hi Scott, but on that chart I posted it looks like momentum is increasing! Just a free fall (ended with PB), yet there is divergence?

james16 Chart Thread

Hi Mike, yes I think I will go with MACD as I have never really encountered this problem, things are easier there. I heard you mentioning somewhere here that "price makes less and less significant high, so there is a divergence probably" something ...

james16 Chart Thread

Hi Jon, thanks! Yes I understand what you are saying. I just thought there is some textbook rule for it. So maybe like everything else it is a subjective thing also...

james16 Chart Thread

Hi Fx, thanks for reply. That is what Indicator thinks too. But that left low looks more significant. So Im not sure..

james16 Chart Thread

Maybe someone can finally explain to me which one is correct? How to properly identify the divergence???

james16 Chart Thread

Yes, that is the one!! Thank you very much! I'm going back to the basics here

james16 Chart Thread

Oh that is MACD, but will work fine. Thank you very much!

james16 Chart Thread

Hi Pinbar, you once had a nice RSI divergence indicator on your charts. Can you please share the link to download it?

james16 Chart Thread

Hi Edge, thank you for your post! Great performance you have, just a superb! Keep it up! Please post charts when you have time, those misunderstandings we all have here are only because we all want to learn and improve.... One should not get upset ...

james16 Chart Thread

Hi Ashag, sorry I somehow missed your post and read is just now. Thank you very much for your input! Hope to talk more and share ideas and knowledge! And hope to see your charts soon!

james16 Chart Thread

Hi Jon, thank you very much! Yes I need a lot of thinking to do. I will probably stop for a week or two and just review everything SL,TP,MM etc. I like my setups my entries, in general they are good, so the only problem is trade management. And I ...

james16 Chart Thread

Cool. What do you study?

james16 Chart Thread

That is also entering BEFORE the break of the bar, only the break of the bar validates the setup (for us students). If one waits for the break then retrace and only then enters - that is not "the best" setup then (because it did retrace!!!). Ok, ...

james16 Chart Thread

With all due respect. That happens VERY RARE. Most of the time they WILL retrace, now if you cut your losses quick that means you will practically do J16 vice versa. I.e. A LOT of small losses, or steady equity fall in hope to get the one that will ...

james16 Chart Thread

No need for humility. As one Senior here said "If price hit my target 90% of the time, I'd have more dollars than Scrooge McDuck and Warren Buffett combined." Those are strong words and made me think... Do you think it's possible to hit 90 out of ...

james16 Chart Thread

Thanks KR for your post. I agree with everything you say. It is right, sounds logical and I did most things you mention. However, the bottom line is this: Equity Curve WILL go down. Please try it for yourself, use "quick to BE" whatever time frame ...

james16 Chart Thread

Cool, thanks, the name looks familiar but can't remember really who is he, so I will read him for sure. Thanks!

james16 Chart Thread

I was thinking about this too, and backtested it too. Just like I said in my journal I am keeping it all in excel (but really loosing the enthusiam with this as I now think that the 2R target is NOT enough, not pays off for growing number of losses) ...

james16 Chart Thread

The R/R ?

james16 Chart Thread