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Yeah, she likes divergence. That's the same as separation. It's also one of the entry setups from Nexgen. If you get divergence when price gets to your area that's a good sign of reversal. You should be careful with divergence because it can be broken in the strong trend or if price is not in the area of S/R. It works very well at double T/B.
Direction was clearly up, but besides my entries I think I've made two big mistakes. My first trade I had to move my stop to BE +1 and on my last trade I had to take 2 points when I saw that it's turning on me (specially when 1597 on the upper rail). Even with wrong direction I could be at BE. I had to watch market closer.
I don't know what happened today. I just feel a little bit hyper, so I couldn't wait for a better entries.
Here are my trades and summary:
I know why I didn't take two points from my last trade. I have to be honest with myself. When I thought about closing that trade at MB I thought " I got -2.6 I should wait for bigger profit for at least BE". That's a big problem. I have to treat every trade the way it's my first and the only trade. Close it if I have any doubt that it's not gonna work out. This is disadvantage of limited number of trades. I thought this is my last trade and I have to hold it as long as possible.
Per your video, like my video, I could hear your emotions. When you take a trade, forget about it (unless you are done for the day). I don't think it does the human spirit any good to dwell. haha...
Each trade is a new start like you said. Something I continue to have to overcome.
I laughed when I saw that 2 point gain and I knew it was going to come back up and get you out. I figure that would have been me too. You didn't do that bad today except a bit emotional which skewed your thinking.
I took my 2+ profit and I knew that it's gonna go lower, but that's my daily goal and that's all I need.
I marked a few more trades on the chart and that's in my video. I feel like replaying and analyzing every MACD really helps.
2-3 points is my goal, not limit. I agree that it's good to get more profit some days to cover losses. At that trade I just didn't want to wait for another pull back to take me out and I had enough to reach my goal. That's what I meant. Another pull back from the 50% could take me out with BE +1.I want to get to the point when I get at least my goal almost every day and then raise the bar little by little.
I want to get to the point when I close the trade or just revers when I see entry in opposite direction. I cannot do it now because when I get in the trade I see things differently.
Yes, that is why I like to exit prior to my entry to go in the opposite direction. It takes I think more mental capacity to consider your existing profit and then also consider the next entry and believe both are the best you could be doing.
