DislikedNew 4hr MOM still pointing upwards, exited my shorts for 40pips.
shorts be careful it sems longs willl come in play by londonIgnored
My new 4h pointing downwards seems shorts ill come in action by London and new york
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DislikedNew 4hr MOM still pointing upwards, exited my shorts for 40pips.
shorts be careful it sems longs willl come in play by londonIgnored
Dislikedi know i said it was heading down, but let's stare at this chart for a moment.
yes, we had a trendline break (a close below)... BUT at this moment i see strong OS conditions; from my experience, a valid breakout is almost ALWAYS accompanied by oscillator crossing AT THE SAME TIME on the other side - in this case, stochastic beyond 50 & cci beyond 0. but just look at this drop, looks like it's already exhausted (stochastic is already around 10 while cci is around -170).
and don't you think this looks like a huge hidden bullish divergence?Ignored
Dislikedi know i said it was heading down, but let's stare at this chart for a moment.
yes, we had a trendline break (a close below)... BUT at this moment i see strong OS conditions; from my experience, a valid breakout is almost ALWAYS accompanied by oscillator crossing AT THE SAME TIME on the other side - in this case, stochastic beyond 50 & cci beyond 0. but just look at this drop, looks like it's already exhausted (stochastic is already around 10 while cci is around -170).
and don't you think this looks like a huge hidden bullish divergence?Ignored
DislikedWhat??? It is a very obvious bearish divergence. Or maybe you have more other ideas of how to look at the chart.Ignored
Dislikedi know i said it was heading down, but let's stare at this chart for a moment.
yes, we had a trendline break (a close below)... BUT at this moment i see strong OS conditions; from my experience, a valid breakout is almost ALWAYS accompanied by oscillator crossing AT THE SAME TIME on the other side - in this case, stochastic beyond 50 & cci beyond 0. but just look at this drop, looks like it's already exhausted (stochastic is already around 10 while cci is around -170).
and don't you think this looks like a huge hidden bullish divergence?Ignored
Dislikedno, it would be a HIDDEN bullish. i marked it with arrows on price / white lines on indicators.Ignored
DislikedThat's right Scrat. The histogram and CCI are trending down and price is trending up. If it is not bearish divergence, what is it then? I've never seen a bullish divergence in this kind of scenario.
But on the other hand, the 4 hr chart slow stoch starting to form bullish divergence but depending if the support 202.30 holds.Ignored
Dislikedno. let me point it out for you again. look at this (it's from babypips, by the way).Ignored
Dislikedno. let me point it out again for you. look at this (it's from babypips, by the way): the definition of the bullish hidden divergence - higher low in price, but lower low in indicator.Ignored