Took this trade earlier this morning...it was high risk as the market is in a sideways choppy movement but it had divergence. I held onto longer than usual as the phone range - would have exited at 50SMA but missed it and let it play out and put TP ...

Jankone M5 thread

I don't have this on my MT4 platform. Personally I think the pin bar itself looks ok and is at a swing high but as it's a 4H chart I can't see the bigger picture, also is it near a round number and / or is there divergence and / or fibs / other PPZ ...

james16 Chart Thread

What pair is this? I'd be cautious about taking trades in the current market due to low liquidity

james16 Chart Thread

here is my daily chart...notice the pin bar at the top with divergence

james16 Chart Thread

I think you are zooming in too far on your chart...try zooming out and looking at the bigger picture...look from the top down i.e. monthly then weekly etc. I don't trade E/G as I stick to USD and JPY crosses but pulling up a chart and my weekly ...

james16 Chart Thread

I couldn't resist taking this...wasn't actually looking to trade just doing some R&D, but it stood out too much! Made 1.4R (note divergence is based on comparison of low of price compared to RSI set at low rather than the traditional close of both)

Jankone M5 thread

Yep will do. Taken any trades today? I'm not trading until next week now so haven't looked at the 5min charts today...

Jankone M5 thread

Monthly pin (notice the supporting divergence too)...followed by daily chart with the arrows marking four 'I4B's' that appear that could have got you in at a discount on the monthly pin and bearish bias...

james16 Chart Thread

Brilliant...it's amazing how simple it can be isn't it...and this 'challenge' highlights how picking trends and trading them should be straightforward.

james16 Chart Thread

This is how I see it... I played a short from the pullback to the PPZ area (and monthly pin bar low) as a 'touch-trade'...but you could have played it off the inside bar off the 1hour chart or outside bar on the 15min chart (both PA set ups had ...

james16 Chart Thread

Er, yes as I don't use close. If I post charts in future I'll just post either with trend (i.e. no divergence) or CT trades where RSI Close shows divergence rather than high/low extremes...in order to not confuse people.

Jankone M5 thread

Yes...looks much better on your feed. I like your brown PPZ areas marked, good target areas.

Jankone M5 thread

Another two potential trades from today...second one being a pin by proxy.

Jankone M5 thread

Missed this one...not the best pin, but at PPZ and with trend so would have taken it...

Jankone M5 thread

Second trade of today for me...deliberated whether to take it and decided to because of the PPZ support..got in a bit late but made 1R, that's 2R today.

Jankone M5 thread

Yes to be clear.. I use RSI high when looking for divergence when price has made a new high and low for when price has made a new low etc. Saw your post after I posted...good analysis IMO. I wouldn't be looking for divergence for that trade...I know ...

Jankone M5 thread

Missed the two on EU today so far...the long off 1.4300 and the recently CT setup too...

Jankone M5 thread

I'm not sure why I started using this, but I just find it easier to compare extreme lows and highs when looking for divergence rather than bar closes..especially when bar closes are similar, it can take a while to see of there is divergence and thus ...

Jankone M5 thread

My RSI(6) is set to show RSI on high of bars rather than close...I use high and lows rather than close.

Jankone M5 thread

Just took this for a quick 1R...not willing to let trades run in pre-xmas low volume markets...target was obvious PPZ area

Jankone M5 thread