now the retrace to the 38 looks like it happenned, so now we need a new >81 pip move.

The MotherFibber

thanx for all your hard work on this... i'm getting a lot of errors when i open this. what's the conclusion from your backtest? profitable? 58% winrate?

EASY H1 trading using divergence and candle sticks

so far no trade, theres not enough space to collect profit to the 38 fibo, also current m30 trend ext. bar is too big. waiting....

The MotherFibber

cool! will try it thx

The MotherFibber

still valid. but if its moving sideways for too long, check for news and if so try to be out before news time.

The MotherFibber

once you count the 81 pip move, if a trade never occurs, and a retracement never occurs then the original 81 pip move is still valid, we can just wait for a new valid m30 TE bar.

The MotherFibber

ahhhh ok. thx. just wanted to be sure, cause iv been watchin it.

EASY H1 trading using divergence and candle sticks

i dont see divergence, am i missing something? thx.

EASY H1 trading using divergence and candle sticks

i thought u said -10 pip loss from last week?

The MotherFibber

tough to say from your picture, but if theres no retracement then theoretically there is still pips to be harvested.

The MotherFibber

i took this trade on GU M30, what you think?

EASY H1 trading using divergence and candle sticks

u bring up a good point; if TP isn't at least >10 pips then no trade. why can't you vouch for me?

The MotherFibber

order cancelled due to trend ext. bar being exceeded. waiting.....

The MotherFibber

"i also refer to some of your previous trades where you did not wait for the m30 candle to close to enter on gap up or down. you entered as price passed 81 pips and while that m30 candle was still developing." if we entered as soon as 81 pips is ...

The MotherFibber

"if you do not wait for the candle to close, then obviously you do not wait for the gap upto place pending order 2 pips above." i don't wait for the candle to close, and I do wait for the gap up/down to enter through a pending order. sorry about the ...

The MotherFibber

if price drops below the that m30 trend ext. bar, then this pending buy order will need to be canceled. if price starts retracing above that m30 trend ext. bar, then I'm long. there is a general rule that i'm breaking... "never tell your friends ...

The MotherFibber

are you setting pending orders at the top or bottom of the m30 extreme bar? im confused by your entry.

The MotherFibber

i luv new tools and indis, post away.....

The MotherFibber

and if you win the next one you are breakeven. what's the chances of you winning the next one? should be greater than 80 or 90%. if you have a tp of 10 and a sl of 30, what's more likely to hit first? then add the edge of catching the retrace off a ...

The MotherFibber

well actually i was watching and didn't see the trade you took, also i do wait for a gap. its called a buystop/sellstop pending order 2 pips above/below the high/low of the trend extreme bar.

The MotherFibber