As an example, I opened long Pfizer on Nov 15th @ 29.99 at what looks like a bullish divergence of MACD-H on daily and on Weekly. Set my SL at 28.88. And as for my TP, since I consider the price still in a downtrend, I set it on the slow EMA at daily at 30.93... Would it be better if I had set TP on value at weekly at around 31.98??
I would like to ask Dr Elder: in trading divergences, does he set a different take profit target when the price is moving sideways (range) than when the price is in a down trend? In the former case (sideways action), I think it is more profitable to set the TP at value on the weekly chart, if the divergence is seen on rhe daily; in the latter case (down trend), I think it is more profitable to set the TP on the slow moving average on daily, if the divergence is seen on the daily chart...
I noticed he is using the Impulse Release and not the Impulse System. What is the difference?
Buy NVDA on 24/10 @430 , SL 420, take profit @ 450 , reason MACD -H positive divergence, impulse blue on daily , R/R 2:1
As an example, I opened long Pfizer on Nov 15th @ 29.99 at what looks like a bullish divergence of MACD-H on daily and on Weekly. Set my SL at 28.88. And as for my TP, since I consider the price still in a downtrend, I set it on the slow EMA at daily at 30.93... Would it be better if I had set TP on value at weekly at around 31.98??
I would like to ask Dr Elder: in trading divergences, does he set a different take profit target when the price is moving sideways (range) than when the price is in a down trend?
In the former case (sideways action), I think it is more profitable to set the TP at value on the weekly chart, if the divergence is seen on rhe daily; in the latter case (down trend), I think it is more profitable to set the TP on the slow moving average on daily, if the divergence is seen on the daily chart...
Zurn Elkay water solutions, Cameco, Korea Electric power
Invesco, Mattel
Urban edge properties