I close eur/ jpy at +8 pips at DP
Divergence and hidden Divergence 122 replies
Extracting Historical Prices but only certain Candle Sticks 0 replies
The Market Explained by candle sticks and price action 124 replies
High's and Lows of Candle Sticks 7 replies
DislikedIt has dropped quite a few pips - approx 45-50 now
Still - you had positive pip win!
Ignored
Dislikedok this is something that I wanna talk about and hear you opinions.
When i was entering in this trade i was full of confidence that will go down.my analyzes showing me that but i started doubt when icurusfx told me that there is dp.
Before, in all my strategies (i tried many strategies believe me) there was pivots but they are always confusing me because my opinion that they are not true and reliable in market.
I mean every trader has different point of view.I talked to good traders about pivots and everyone have different number because of...Ignored
Dislikedok this is something that I wanna talk about and hear you opinions.
When i was entering in this trade i was full of confidence that will go down.my analyzes showing me that but i started doubt when icurusfx told me that there is dp.
Before, in all my strategies (i tried many strategies believe me) there was pivots but they are always confusing me because my opinion that they are not true and reliable in market.
I mean every trader has different point of view.I talked to good traders about pivots and everyone have different number because of broker,sunday...Ignored
Disliked.
So, yes I totally agree with you that if it worked for us in Demo, why make it more confusing why not keep it simple. But, it is a huge part of our personality and how we look at things... and that is what differentiates a great trader from an average trader and that is why having a system and keep on developing it is even more important.
Well said.Ignored
DislikedI fully agree with you - I do not bother with pivot points as I find them very confusing. Price does sometimes react to them but often it won't (in my limited experience).
I currently have a 50EMA on my chart (considering removing but price often reacts off this on 1H) and the RSI. That is all. I think the simpler the better as it avoids contradictary thoughts and signals.
Just need to have the mental strength and confidence to analyse the trade (you are doing well here), put the trade on and leave it alone (with SP and TP ascertained). Easier...Ignored
Dislikedok this is something that I wanna talk about and hear you opinions.
When i was entering in this trade i was full of confidence that will go down.my analyzes showing me that but i started doubt when icurusfx told me that there is dp.
Before, in all my strategies (i tried many strategies believe me) there was pivots but they are always confusing me because my opinion that they are not true and reliable in market.
I mean every trader has different point of view.I talked to good traders about pivots and everyone have different number because of broker,sunday...Ignored
DislikedHi zokynho, sorry if I put you off....
Pivots are not the be all or end all of trading by any means but I use them in my frankensteinian methods lol I give them more credence when they line up with other things such as range extremes and other sup/res (fib pivots often do this).
appologies again I'll keep my trap shut next time....
btw your trading seems to be working just fine for you! & thats the important part after all.Ignored
DislikedHi Icarus
Please don't stop with suggestions/tips etc.. - the good intention is there. People can either take the ideas on board or ignore. I like to keep things really simple but everyone is different.
This is a great thread - full of very helpful people and a good technique.
CheersIgnored
DislikedHi zokynho, sorry if I put you off....
Pivots are not the be all or end all of trading by any means but I use them in my frankensteinian methods lol I give them more credence when they line up with other things such as range extremes and other sup/res (fib pivots often do this).
appologies again I'll keep my trap shut next time....
btw your trading seems to be working just fine for you! & thats the important part after all.Ignored
DislikedSorry I'm new here
Hide div? Because they aren't in overbought and oversold zone no?Ignored
DislikedHidden divergence.
There are two types of divergence: Regular and Hidden.
Check out below - this should help:
http://www.babypips.com/school/divergence-trading.html
CheersIgnored
DislikedSorry my English isn't so good, I meant, the divergence that pure price saw (I didn't spot it) was probably a hidden one because in the usdcad and EURGBP they were not yet in the over bought or sold zone. Sorry for my spelling and my incongruity :sIgnored