Hi Dan, hi all
I've been in the room pretty much full time now for almost a month and my learning curve is phenomenal, just being able to benefit from full sessions every day is amazing. I mean I could see trades before I left the rat race, but not all of them and mainly just with the trend jobbies. Nothing wrong with that I know, but there are so many more opportunities.
Anyway, just doing some homework on divergence as James and Zak talk about it alot and saw this example of hidden divergence on a day I would have previously just looked at and seen a mess then a move of 150 pips. When you look closely at the chart and know what you are looking for all the clues are there.
Two 15m charts, one with candles and the other with heiken ashi (I like both), with SW42 added to show the 30m pullback. The hidden divergence shows a lower low on the chart but a higher low on the SW21 indicating a possible continuation of the up trend. A break of resistance and away she goes for 150 piperoonies, or you could wait a few extra pips to break through the 4hr 20ma, last one to tackle (obviously wasn't Jason Robinson - I loved him). I stuck the Fibonacci Expansion on just for good measure and it reaches T1 perfectly.
I would never have seen this sort of trade before, or even looked for it but being in the room has opened my eyes to so many more trading opportunities. Thanks Dan.
Learning fast RS :smart:
PS Oooooooh get you with your fancy new "Thread Starter" label, your little juke box, flags and gold star, what next hey for Mr July?
PPS Just got told off for asking when the Ashes "kicked off", hee hee, you don't kick off in cricket apparently. Well when does it tee off then? You men are so easy to wind up.
PPPS Keep clicking on the chart to zoom in. (I know it's from April, it's just where I got to when I saw it).
PPPPS Julie, you are one cool dudey lady. Have fun surfer chick.