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i wanted to post some charts for learning material.
these charts show a larger intraday chart= Renko 11 bar size and the other charts are Renko 4 bar size
for Entry/Exits and Stop placement.
There are 5 focus points on the larger Renko chart size 11 labeled A, B, C, D, E.
These points are shown individually on each smaller Renko charts size 4, they show Divergence
on each turning point based on the larger size charts A,B,C,D,E areas.
We at the end of the month already, markets were closed, i dint trade today, but checking what happened i see that today was plenty of opportunities to trade, i just show one here, an almost perfect setup using round numbers, divergences, etc. could have rendered a good amount of ticks.
hello JD, i like your detailed analysis of that Set up, i was trying to follow from the time it occurred and i am positive you are 2 hours behind my time for that trade.
i mean i am EST or eastern standard time, what time is your charts set for?
i know you are in Israel so Amp must have you on a different server?
That was an Excellent Set up , many indications to take that trade like you have shown.
by the way, i wanted to let you know i Appreciate you allowing me to post some charts in your thread and be a part of Crude Oil trading.
By all means you can share with us everything you are more than welcome here, about my location, currently iīm in El Salvador, this is in Central America, and is 2 hour behind EST.
i wanted to post a few charts:
Renko size 11 with "Possible" Divergence Sell Signal, - But we have overhead Resistance that may be a Target?
Also Renko size 4 chart showing it's Divergence turning points along the way so far today.
and Renko size 3, same as above.
Just wanted to see what will unfold as the day goes by= Learning material
here is an update, the Larger Renko charts Divergence was Overall Accurate, Although Price continued a bit Higher.
Ultimately we did get a Sell off based on the smaller Charts i will show with their Divergence Signal.
Well actually i donīt see any good to trade today, volume is really low, 38K contracts traded at this moment, spread is quite wide 3-5 ticks, but itīs an opportunity to spot structures in the market, without volume there is no liquidity, the moves could so slow or too fast that can blast your position if not handled correctly.