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My 6E trading strategy
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Created: by cjbooth Attachments:356

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My 6E trading strategy

  #351 (permalink)
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cjbooth View Post
The retrace was valid as it pulled back to the bottom of the cloud on less volume. I did not take that one considerring the Stochastic on the 377, I prefer on short signals that the Stochastic pulls above 50 on the retrace, just the opposite for longs. it generally signals a stronger move is coming

Charles

Are you only considering these pullbacks that cross the 50% line on the Stochastic ? Is it in your PDF as i don't remember having read anything about it.

 
  #352 (permalink)
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On the Euro, there was this late entry after the huge move.

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  #353 (permalink)
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trendisyourfriend View Post
On the Euro, there was this late entry after the huge move.

How deep does the retracement have to be on the 1508, how close does it need to come to the MA?

 
  #354 (permalink)
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trendisyourfriend View Post
On the Euro, there was this late entry after the huge move.

your trade was way above the cloud instead of a retrace 'into the cloud'

 
  #355 (permalink)
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Thats life


trendisyourfriend View Post
On the Euro, there was this late entry after the huge move.

that is as life is: I have a LL on my chart which would void that setup .. Zig Zag on 377 is 1,2 ..

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  #356 (permalink)
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masood chughtai View Post
Charles in second trade you showed hidden divergence which did not show up on my 377 charts. It showed double top at price and equal height tops at stochastic. [...]

I've not followed every post in this thread - so perhaps I missed it (my apologies in that case), but what is meant by a "hidden" divergence? In the image I can see a lower price top with a higher oscillator. What makes this a "hidden" pattern?

Thanks,
Jura

 
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cory View Post
your trade was way above the cloud instead of a retrace 'into the cloud'

Way above is a bit subjective

But i think Charles did not mention anything about that reality. If price retraces towrd the MA[13] on the 1508 and you begin to see a swing formation on the 377 ticks chart then that's all you need or i am missing something. Of course, you don't want to see a lower Low on the 377 ticks chart as pointed out.

 
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Jura View Post
I've not followed every post in this thread - so perhaps I missed it (my apologies in that case), but what is meant by a "hidden" divergence? In the image I can see a lower price top with a higher oscillator. What makes this a "hidden" pattern?

Thanks,
Jura

look at #41 and #48

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  #359 (permalink)
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Potential of 1.5 points on the RUSSELL if exit at the double bottom.

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PowerM View Post
look at #41 and #48

Thanks PowerM!


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