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Thread: divergent call

  1. #1
    Senior Member Ingmar's Avatar

    divergent call !!!

    Woke up this morning and saw a touch of the trendline on the 5 min chart. (The previous 1 min candles had just touched the downward R line 3 times. Stoch was showing oversold on all levels (plus there was a local divergence on the 1 min chart with a lower high but higher high on Stoch.) I took an hour trade which in hindsight was perhaps a bad idea but i was late on my shorter term entry and didn't really know if i should still get in. I decided a longer term entry because of the stoch convergence on different timeframes. After the trade i saw that the retracement actuall sloped up (while before it went horizontal(ish) ) which gave me an indication it might actually continue up after breaking the R after all. We will see. Lesson here... even though an agressive entry can be good, make sure you have time to do proper analysis before and let the trade pass.

  2. #2
    Senior Member Ingmar's Avatar
    It broke out again after all

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