Have just missed similar set up on eurusd as was typing out these messages-shit-shows divergence on 1 hr/15 min and 5 min chart so could be a big one-would be up 30 pips already from entry level. EDIT Stop moved to break even on GBUSD-let's see if ...

Simple trading with S/R levels and stoch divergence

5 min chart-sorry-the vertical red line showing entry at 1.5591 does not show up. SL at 1.5607 First resistance at 1.5562, Profit target is 1.5535 area (a bit higher than that in case of a bounce). I'm rubbish at taking profits, am 22 pips up ...

Simple trading with S/R levels and stoch divergence

GBUSD short taken 7.32am UK time, Alpari chart is an hour ahead so will say 8.30am for some reason. Price near 00 levels, price also reaching resistance point on 1 hour chart. 1 hour stochs not showing divergence, 15 min charts are showing ...

Simple trading with S/R levels and stoch divergence

Oversupply, where sellers dominate buyers after a previous run of buyers overwhelming sellers=Resistance. Demand is the opposite. And where does that tend to happen? At previous price levels, identify these on your hourly chart for intraday trading, ...

Sam Seiden's Supply/Demand zones

Here is a current example of when NOT to enter-even though it's tempting as hell. Price has reached a 50% Fib Level (ish), and it also looks like it's hitting a good resistance level, and it's also at the 50 price level. But there is no stoch ...

Simple trading with S/R levels and stoch divergence

Finally, here's the 1 hour chart showing the big S/R level. You'll notice that the 5 min/15 min charts didn't clearly show it (well at the time I think the 15 min chart might have done but time has moved on, with more bars to show for it, since ...

Simple trading with S/R levels and stoch divergence

EUR USD long trade taken this morning, look at vertical red line. Now this is divergence: 5 min chart at 8.45am (Alpari time) 15 min chart-lower price but rising stochs. Combined with an SR level and I'm in... 1 hour chart-no divergence but stochs ...

Simple trading with S/R levels and stoch divergence

Finally-here it is on a 5 min chart. Again, it's not huge divergence, but I was confident enough, thanks to the 1 hour divergence, that it was going to turn. And it did. 3 price targets hit, currently at +75 pips for last quarter of trade. Ah screw ...

Simple trading with S/R levels and stoch divergence

Trade taken this afternoon on EUR USD. Look at 15 min chart-price is approaching an area where price action has consistently been unable to breach. Not showing abig divergence on 15 min chart though. 1 hour chart chart Price shows divergence ...

Simple trading with S/R levels and stoch divergence

HI CableGuy, I'd recommend not trading from 10am- noon GMT (1pm in England) as traders start drifting away from their desks after the European session (they have to eat and go to the loo as well!), and the US traders will start coming online about ...

Flag trading the trend

I should also addd that the time of the trade was taken in the afternoon in the middle of the US market trading times, my broker is not set to Eastern US time. Who knew that there were people who traded outside the USA

Flag trading the trend

The CCI is -50 on the trade. The indicator that I use was kindly put on this thread somewhere. When the vertical bar shows white on the indicator, either above or below the 0 horizontal line for longs or shorts, then this is in actual fact showing ...

Flag trading the trend

EURUSD short this afternoon — Did not breach the new 20 pip rule on my feed, retracement finder/cci was below 0, textbook trade, although every time I say that I get corrected. In comparison to the rest of the day, the trend was easy to find, ...

Flag trading the trend

Nice one tassos, they appear to be textbook trades, but I'm no expert.

Flag trading the trend

D4N In the particular example of GBUSD 1 hour chart, I could have lines all over the place, but they would also serve to obscure the fact/my point that price was always moving into an area of S/R, and that lines don't help in this particular ...

Flag trading the trend

D4N In the particular example of GBUSD 1 hour chart, I could have lines all over the place, but they would also serve to obscure the fact/my point that price was always moving into an area of S/R, and that lines don't help in this particular ...

Flag trading the trend

I have a question which sounds dumb, and most likely is dumb. I have a real problem figuring out what the trend is, and trading decisions are nearly always hampered by the fact that I'm caught in 2 minds, especially if looking at different time ...

Flag trading the trend

** The final reason here is solely my interpretation. I like W's & M's. When price forms a W or an M, I have seen price go in the opposite direction quite often. Agreed on that one Diamond, Ws and Ms, with some divergence on the right shoulder/Pivot ...

Flag trading the trend

1:1 RR successful EURUSD trade

Flag trading the trend