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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