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This sell still on.

This is a continuation move after a sell that didn't work out. Both time frames strong support for buy based on support, price action and divergence.

I've used a 25 LRMA as confirmation. Once price flips on a turn, crosses and closes beyond it, move tends to continue to a tradable degree. Thru

Large divergence, entry above initial resistance on lower TF, confirmation on higher TF. Thru

Nononsense: Certainly appreciate the trend considerations for which you are famous. I look for 'divergence continuation' trades that are in keeping with longer term trend; like the one posted prior to your post. Having said that, trends have to begin somewhere and, when my conditions are...

Lower TF range contractions line up with resistance on higher TF. Thru

The attached chart shows explosive move after BB contraction on higher TF--with divergence of course. Thru

Macroevent has done a lot of work with these indicators on es and russell. You might want to pm him. thru

forex: There's a discussion of reversal magic on the 'trade 2 win' forum, including a long post by the creator of the technique. I don't have it or use it. Thru

Very similar setup to previous post on sell side. Thru

Higher TF shows reverse divergence. Big divergence on lower TF. BBs become support/resistance points for profit taking. BB setup compliments of JR97. Thru

Thanks for sharing your method, Vision. Do you find channels at lower TFs as reliable? Thru

The other filter I use is time frame. The attached chart shows: 1) Higher TF still long, no divergence yet 2) Higher TF still short, no divergence yet 3) Div on both TFs, after touch of BBs, buy on blue. Thru

ghetto: I do get suckered in at times; this wasn't one of them. I was long and managing that position. I took 2/3 position off prior to that point and did wait that pull back out (but still got out 'too early' after). Also, on a sell, I'm looking for the MACO to cross red line for...

Here's the chart for prior post. Thru

Option: I look at divergence as a desired condition for taking a trade that conforms to other at least equally important conditions. I'm successful as long as I don't over leverage. As soon as I do that, the emotions charge in and destroy all my beautiful work.. ;-) It's all about...

Hey, OptionPro: What have you got overlayed on that chart? I've been looking at 1-4 hr forex charts, using S&R with divergence. Check out this MACO indicator and how well it gauges strength and coming turns in market. The bars are colored to match MACD bias. Thru

Late apex: Thanks much for the link! Thru

I'm also wanting to switch to MT4, from VT. Can anyone recommend a broker? I've been reading some real horror stories about bad fills and 'dealer-generated, stop-running spikes'.

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