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Ok, you don't have many signals. That is something else than stating that the 6E was choppy and slow. It was one of the most active weeks on the 6E in like months.
Can you help answer these questions from other members on NexusFi?
Beth, so, you are partial to divergence. Cool, me too, and since you are trading eminisniper, I assume you are also partial to scalping. Cool, me too. My trading consists of 80-90% divergence scalping signals, I trade the 3 range 6E quite a bit. Given all that, I assume you are training or have trained your eye/brain to recognize divergence. Once you can see a divergence forming several bars before it happens it then becomes a thing of beauty. I know that the eminsniper method only trades divergence in a certain area. Personally, I trade divergence almost where ever I see it, although I use different indicators.
As an exercise, you may want to try and look for divergences anywhere they occur, and mark them up on your chart. As MetalTrade said, 6E moved pretty well this week, and there were many, many divergence signals in those moves. I think if you start looking for them anywhere, after a while, you will come to identify additional areas where you can conservatively trade divergences as well. Personally, the only time I don't take divergence trades is during very strong impulsive moves, because you will get trounced, otherwise I am all over them
The following 3 users say Thank You to monpere for this post:
The indicator you use doesn't matter, the settings you use doesn't matter, if you use smaller settings you get smaller divergences, bigger settings you get bigger divergences. Divergence is divergence, it is either there or it is not. Example, here is Friday afternoon's 6E chart, using the eminisniper template, with eminisniper indicators. I just opened the chart, and marked every one I saw on the page (long arrows). This chart is NOT using my indicators, but using the eminisniper indicators. Just add the official eminsniper indicator to the bottom of your chart and check it out for yourself. Look at the middle of that chart, to most traders that is pure consolidation noise in a 20 tick range, yet there were 5 scalps I see in there.
The particular oscillator, or settings matters little. Just need to train you eye to see the setups. This is the exercise that I mentioned in my last post, I have done this for the past 5 years every day, just open random charts and mark up all the divergence I see, until it became 2nd nature. You'll then be able to look at a chart for 3 seconds, and say there are 7.56 divergences on that page. You will freak yourself out!
The following 2 users say Thank You to monpere for this post:
I have been doing just that. At the end of each session I pull up charts on several markets and mark all the divergences. I'm beginning to pick out my favorite types and see how they work out rather consistently. Now I just need to work on trusting them so I can take them as they appear.
I hope you are doing well.
I was thinking of you and saw these short videos.
here the link for the FX currenciesLooks like you are sticking to you guns.
Good for you!
No point having a system and being pushed off it!
Persistence and patience pay off (I believe)
No point to this last smilie I just like it !!
The following user says Thank You to aquarian1 for this post:
Yes Monpere .. I am a divergence fan! I used a divergence indie in Nov/Dec .. too many lines and I did not know how to tell it to plot only the ones matching the Sniper signals lol! It only left me one alternative, ie to spot and plot the divergence lines using my own eyes .. At the beginning, it did seem very intimidating and I thought I might stick with the divergence indie forever. As days passed by (with more practice on different charts after trading), I removed the indie in late Dec .. smile .. I believe I am now capable of spotting at least 90% divergence promptly while a few seconds late for a few occasionally.
Yes, even the counter-trend ones have been working most of the time esp when they had enough room to reach a PT 4-5. It's definitely on my log to consider some of them in a month or two when I am consistently profitable on the divergence plays align with the trend.
