S&P500 on the hourly has been signalling divergence and possible change in trend into bearish. On the 15′ the Slope Rider isn’t signalling anything though, so I wait.
09:35 Price breaks below R1 and I enter a short order.
12:10 Price is moving up above R1, Slope Rider also in 15′ signals such move; but at the same time Gold is crawling its way up; my stop is above the last high, until it breaks above this my trade isn’t wrong, it could just be forming a double top and then move swiftly down.
12:57 price goes higher than previous high, so I’m exiting the trade.
Gold has been signalling a strong divergence since late yesterday afternoon, and a potential bullish move; this morning market is weak and price in a range so I wait.
09:50 – I was planning to wait for price to break either pivot level, P or S1, but Slope Rider is firing a signal for a long order so I enter with a tight Stop Loss below yesterday low.
12:57 – price is crawling up, but is weak and we rae coming closer to US opening, so I’m exiting with the profit.