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10 years have past, anyone else can say something if they have tried and successful with the system ?
this system is reasonable. STOCH coud be lagging, but for divergence it is a leading indicator
AU open very strong for XAUUSD
better put a liitle safet here.
Not sell XAUUSD @1968.18, but from 1980, SL1990,86
and is at the top of price channel, slop down slightly.
STOCH shows divergence XAUUSD, STOCH already OB, SHS newly formed,
recent H4 trend still up, so this is a counter short term SELL trade
SL 1982, TP1961.5, TP2 1951
edit:
More confluences:
price was rising, not only divergent to STOCH, but also with low volume support too,
newly appearing more of RED large candles with higher volume then average could indicate current market supports lowering the high price, which already is higher then reasonable price shown by volume VWAP
Short EUUSD @ 1.1896
SL 1.19128 TP1 1.8630l TP2 1.8360
Similar reason like GOLD above, at least it sho weaknes and bounced the upper trend line several times