Hi this morning I watched this potential setup but I didn’t take… I would have lost 20 ticks!!!
But I don’t understand if it was a good one or not?
Please help.
Thanks.
Hi this morning I watched this potential setup but I didn’t take… I would have lost 20 ticks!!!
But I don’t understand if it was a good one or not?
Please help.
Thanks.
This was a long trade against a down trend. There is no divergence. You can’t compare OD on an up move or OD in a down move. Remember divergence is when the market is moving in the same direction and getting “tired” ie making a higher high with a lower volume on OD. Only then would you take a trade counter trend. Otherwise only trade with the trend.
Thank you for your reply… attached a screenshot if I have right understood (my comment on your feedback in orange).
There is no od divergence it must be part of the same trend same direction to compare od numbers for divergence. Also remember focus on setup 2 for first 60 days.