Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
There is a regular bullish divergence trade at 11:15 am. I didn't want to clutter up the example I was presenting on Hidden Divergence. 10:45 a.m. to 11:15 am for the oversold signal to go long.
A trader really needs to understand NYSE Tick value to know the power of this method, JP.
I have a question for you. There is another hidden divergence around 1120. But that one doesn't seem to work out as well. Are there any other criteria you use to filter, or is it just a higher probability setup? Also, how far do you let it go in terms of a target...set amount vs. previous swing low?
Thanks!
The pink is my annotation.
"It does not matter how slowly you go, as long as you do not stop." Confucius
Just saw your previous post after I made this post...Let me take a look and see....
Edit...Yup, the pink arrow on your chart shows Bearish hidden divergence w/good structure. From top to bottom of that area there still was 40 ticks to be made, not so bad....
Ok , thx for taking a look at it. So for the pink arrow diversion, how would you decide when you're entering where you'd take profit? Do you exit based on structure or set profit?
"It does not matter how slowly you go, as long as you do not stop." Confucius
