"The key to 'Making a killing' in the market lies in the ability to know- Bill Williams, Trading Chaos
when a trend is over and the opposite trend is starting."
You will find dozens of trading opportunities as the market moves. Trend changes, pullbacks, breakouts and divergences will be amazingly easy to spot only by eyeballing at charts. A proper usage of the oscillator will filter out most losing trades or weak trends, and reveal strong divergences to be traded when the color of the bars changes. By using pending orders to get into the market, most false signals won't be executed and you will stay out of the market if it suddenly reverses. See the charts below for complete examples
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