Histogram based 2-4 hour chart plays

+15 pips I don't like hourly divergence

 

high re-tested

 

Scale out upon 50% retrace here

 

1st target reached earlier today

 

scale out +240 pips

 

I am going to alter this thread by dedicating it to pennants with a lead provided by hisrtogram, ImO pennants provide one of the best r:r + momentum + timing.

Kind request: if any reader finds a pennant in any future contract, please let me know and we'll analyse it together and possibly make some money as well.

TY!

 

Here is what I am looking for:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1672827>

 

Silver 2 hour

Stop 13.80
Target objective 15.50 1st, 16+ 2nd

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1681426>

 

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1701072>

 

JSSPMK, I was wondering where you had been since I hadn't seen you as much in the ES Journal. Looks like you're doing good over here, I'll keep checkin the thread out and watching for divergences. Are you looking only for divergence on 2-4 hour charts? Any reason for not liking the hourly?