Dislikedpips your positivity just shines out!
I am looking at divergence on H4 RSI which, unfortunately does not match that on the macd. What do you think about that, pips?
However I will be putting a small short on cable, looking for a longer term (few days?) drop.Ignored
hmmmm...what do I think ...I think that different indicators give different signals b/c they are predicated on different parameters. Become comfortable with the indicators that you use and have tested (& I know for sure this is something you have already done b/c you are a skilled trader ). Stick to the tools you've tested and don't mix signals to justify trade based on different systems. Personally, I don't use RSI, I stick to the MACD and Stochs (just my preference).
Have you established your short already? I don't think a short is a bad idea (I took a "short-term" short yesterday for 20 pips), just haven't gotten the signal I want to see from 4 hour chart quite yet (even though it is close). As long as this candle doesn't close above 2.0308 and MACD continuing down, it may be possible. My 1 hour chart is showing me that price wants to keep moving upwards (get a better price for shorting?)....I'd rather establish a short w/failure of the 2.0363 range w/a really tight stop. The stop for shorting now would have to be above that level, and is a bit too risky for my trading. I also hate that it is Friday! (Have you noticed lately how all the good moves are starting on Friday?). I'm flat for now...
Hope you are doing fantastic!!! I still try to keep my focus on the HD we talked about! Ggeezzz ....But, you did help me sooooo much in keeping it (my mind pattern)right (I think)...I've been thinking of it like a wind up toy to release momentum...like a rubberband twisting....K...off subject...
Don't know if I answered your post correctly...think you were just asking me about divergences on other indicators....and I went overboard....
Talk to you later, Smikester! Have a great trading day!!!
Pips