Stoch divergence and S/R journal - Page 2
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Thread: Stoch divergence and S/R journal

  1. #11
    First profit taken at 40 points a pleasant 2.5:1 RR, I then moved stop to breakeven and let it ride. Price came down and took out the SL, then price reversed back up to where I would've had my closing, and big, profit target with over 2/3 of this trade still on at approx 4:1 RR.
    One thing I am seriously considering isn't moving a trade to breakeven/a free trade once a particular level is reached. I think you've got to keep the SL, or if you do move it up, then not too much, to give your trade some room to work. The big boys know we're following in their footsteps, and will attempt to shake us out-this one is a fantastic example.

  2. #12
    Currently looking at gbusd for quite a while thanks to 15 minutes divergence and USCHF for a short (VERY strong divergence on this on 5/15/30 minutes tfs).

    BUT discipline is shooting hold-I like to see price movement lower or higher and then show strong divergence after the truth, rather on the 5 minutes in addition to the 15 minutes for confirmation.

    Price on USCHF has not broken to new highs with this stoch divergence so I'll pass.

    Additionally, it really looks like it wants to crack higher on longer term charts....


  3. #13
    Strong 15 minutes divergence on both, and both are trading in resistance places.
    Additionally, for EURUSD, lovely 5 minute divergence too, so this is actually the stronger trade, especially with EURGBP looking like it wanted to rise.
    Entrance eurusd 1.3662
    Entrance GBPUSD 1.5910
    ANd I then freaked and shut out both in 10 pips profit.
    On reflection, the EURUSD must happen to be theonly trade to take, as it fulfilled the standards for divergence on 5min and 15 minutes charts. I was not happy with it though, as it was a really sharp/violent down movement this afternoon, and they are not normally good for business. I had been wrong on this one, but also kind of appropriate too. There will be better setups, with price action.
    As I read someplace better to be out rahter than in and regretting it.
    See chart below for EURUSD set up.


  4. #14
    Showing powerful divergence about 4 hour and one hour charts, pointing at down a move.
    Clearly it is against the long term trend, so if it occurs, timing is everything. Additionally, price on the selling side is more inclined to undo on you as buyers come in to keep the trend. Unless I see something awesome I won't be taking a position, but it is good to have this info in your mind....


  5. #15
    Price can be at an area of resistance when you look at a daily chart, the highs of 20th and 27th October. Looks like it might drop from here, I will be watching closely

  6. #16
    Aahhhh I talk myself into those things with my analysis...
    Sell place opened at 36.88 - first TP .3651

    Slight divergence about 5 minute chart, price was shing into resistance zone following earlier sharp drop (which indies a deficiency of buying appetite). Also in the primary 50/62% fib retracement zone. And all of the longterm stuff I had been speaking about, so have taken the short. Let us see how this one pans out

  7. #17
    That's a record-stopped out by some news which isn't showing on almost any calendar?!
    Note to self, stay with the trend, do not expect the flip of a longterm trend before it's happened. Wait for it, then jump on board.
    Nevertheless, if I had kept the first long I opened I'd be quids in. Discipline discipline discipline...

  8. #18
    So they've both taken up and would have given me about 4 or 5:1 RR.
    Need to adhere to keeping with the trend and trading divergence on 15 min like I am supposed to.

  9. #19
    Missed it since I had been faffing around. What was that discipline thing ?
    Divergence on 5 minutes, big divergence on 15 minutes and 30 minutes, against the trend BUT with such powerful divergence about 3 timeframes 1 hour stoch moving into overbought region price reaching resistance levels (just look at a 1 hour chart) I'd have been all over this.


  10. #20
    Ist trade, short EURGBP in 0.8650.

    Reason-massive stoch divergence about 1 hour chart, divergence on 30 min chart. Has attained prev resistance (see daily and 4 hr chart).
    Reasons to be fearful-it is against the primary trend so not a best trade, but using such large divergence about 1 hour/30 min SR degree, it seems a worthwhile trade.
    First TP degree .8605

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