Cheers. I understand it was a part of price action s/r rather than any obvious candle signal. I couldn't have taken (and didn't take) a short in that 580 area, not with the possibility of it continuing to above 600 (not a fan of even 20-30pip ...

Trade what you see NOT what you expect

thanks. It makes sense, I know you can't be pinpoint exact with these numbers -- give or take 10-30pips maybe. I was just curious why there rather than a bit higher to the top of the drawn channel. I suppose the round number of 600 might have played ...

Trade what you see NOT what you expect

yes I had my own drawn, and as far as I can see there were a couple other horizontal possibilities there, so it doesn't answer the question.

Trade what you see NOT what you expect

Thanks for the chart but I'm more interested to know why this 580 area was targeted rather than the top of the channel which I thought it could have run to. Any idea?

Trade what you see NOT what you expect

(first chart) 1h - negative divergence. When the high green candle with the long wick closed, one could have looked for short opportunities after with the lower stoch close (and also the 4h resistance area at the top of wick -- no chart of this). ...

Cable, candles and divergence signals

Thanks very much for the explanation EO

Trade what you see NOT what you expect

what was your signal to short in the 6580s? Just price action on the larger time frame charts?

Trade what you see NOT what you expect

6505? 21ema is a great one for trades!

Trade what you see NOT what you expect

my 4h closed 10m ago

Trade what you see NOT what you expect

That S&P shampoo seems to have been broken so perhaps a poke above 1000 and then the overdue correction may finally commence

Trade what you see NOT what you expect

(first chart) 15m -- positive divergence, previous candle closed with shaved bottom (second chart) 1h - the 15m shaved bottom candle closed just above the 62ema (aqua line) for longs Open a long either on the 15m candle following the shaved bottom ...

Cable, candles and divergence signals

thanks for explaining, I didn't know about that law in the US. In the UK, with spreadbets anyway, you can force open a ticket in the opposite direction in the same account. Now I know why you guys use 2

Trade what you see NOT what you expect

you guys can't hold shorts and longs in a single account?

Trade what you see NOT what you expect

4h on my other platform closing as dark cloud civer

Trade what you see NOT what you expect

cable has been in a tricky position this morning. However there was a clear trade on the 15m chart this morning which combined a higher high in price and a lower low on stochs (negative divergence). This was combined with a hanging man candle ...

Cable, candles and divergence signals

4h just closed

Trade what you see NOT what you expect

well this is a surprise to me -- I didn't expect that broken trendline to get pushed back through. The pattern I highlighted a few pages ago has yet again worked however. I couldn't take it with the broken tl just above though.

Trade what you see NOT what you expect

I thought this same thing a few days ago as I was trying to talk myself out of exiting winning trades too early -- the candle signals show us the future. I need to write this down repeatedly until it sinks in!

Trade what you see NOT what you expect