A wave 5 often comes with divergence. If so then we'll have a ABC correction. We'll see.

Carpe diem: Intraday tactics for Dax and Dow

I took only partials. Any case best exit is the black line when all Stoc. bottomed after two DS and on RSIOMA divergence. 12.000 point is also a strong support. Cheers.

Alien's Extraterrestrial Visual Systems

Two entries short on DAX 5 M. Here ADX is king. First entry was after compression of all ADX. Second on a DS trade and the new expansion of ADX. Edit: BBS was also a good clue.

Carpe diem: Intraday tactics for Dax and Dow

Two entries short today on DAX 5M. Here ADX is very important. First entry after compression; second entry on a DS trade and the new expansion of ADX. Stoc. 100,10,10 at bottom. Edit: BBS, as usual, is a good clue.

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Do you mean it's a possible H&S formation?

Cable Update (GBPUSD)

To me it was a good pullback to short the fiber once more.

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Yep, you can count waves with it and also look for divergences. Only my two cents though.

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Last year traded a lot USD/TRY and EUR/TRY quite fine. Posted some. Saw you haven't Advanced Adx on charts. It can help. Set it to 7 to display waves of 7,3,3.

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Thank you Master for your continuous guidance.

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A strong You: url

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A retrace is in the cards and the DS buy trade seems confirmed. Ds crossed the signal line. If you are overexposed and can't wait for a trend continuation you have to close at a loss.

Alien's Extraterrestrial Visual Systems

Hi Koppa, if RSIOMA fall under 50 the buy setup will probably fail. But I see you entered in sell mode and this is with the main trend. Best is to wait for a trend continuation. Cheers

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That's a wise advise.

The Club!

Made this call yesterday. It worthed 200 pips as I see. Edit: Here is the updated chart

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USNDX Daily - Two days ago I posted the Daily chart indicating BBS and DS trade forming. This is the USNDX today. DS crossed the signal line and all Stoc. turned long.

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Congrats Heispark. I trade XAU/USD almost every week and your is a good catch.

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Daily - Second attempt to regain the ATL for wave 5.

USD/JPY Discussion

GBP/JPY Daily - It seems we have a Stochastic slingshot ongoing. To mention also the BBS.

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Your setup looks very effective on M. 30. You can create an EA and backtest it. Up to you to fix the entry signal. It's a top and bottom play but to be safe it has to be in accordance with the trend on H4 and Daily IMHO.

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Hi Squiggles, it's interesting your rainbow setup that you use to scalp the 1M. chart. It's a new one. I use the 1 M. chart to trade only Indices. I'll give a try to your rainbow setups there. Cheers.

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