DislikedThank you for the reply.
I like the RSI, somehow MACD does not work for me.
On USDCAD, what time frame we have to look for?
Thanks for posting upcoming trades, Pure Price!Ignored
Divergence and hidden Divergence 122 replies
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DislikedThank you for the reply.
I like the RSI, somehow MACD does not work for me.
On USDCAD, what time frame we have to look for?
Thanks for posting upcoming trades, Pure Price!Ignored
DislikedPure Price,
You are doing great!!!
Again just to confirm, when you say end of the day, you mean daily charts or what time frame should we be looking out for, on AUDUSD AND NZDUSD?
Once again, it is very simple and easy to follow!
thanksIgnored
DislikedWell, another pair of possible setups at end of day here in NY. The RSI on those two pairs has been well over the 70 level, and it dropped and now going back up to maybe a lower peak than the previous one, while the price itself is looking like it will put in a higher high, and thereby possibly creating divergence. If we end up with a nice bearish candle formation and divergence, we may see a short trade setup on those pairs in upcoming Sydney/Tokyo.
Good luck to all.Ignored
DislikedIt is certainly the end of the trading day here in NY session, but there might be a good setup coming up on USDCAD (maybe save it till Sydney/oyko session) around 0.9900. Watch this level closely for a possibility of a Long trade setup, as this level is not only a pysch round number but also it is where the hourly rising trendline hits. So, I expect a reaction around this level. If we get a pinbar and divergence there too, it would be like AAA setupIgnored
DislikedHi Pure Price,
Thanks for the update on AUD USD AND NZD USD pairs.
The divergence was little, but I took the trade.
Will keep you posted.
Thanks for the update!
Pure Price, again, thanks for taking the initiative to post it.Ignored
DislikedYou are most welcome. I hope you find some of this stuff helpful in your trading.
the AU trade is shaping up nicely I think and now we have a very similar, almost identical setup on GU.Ignored
DislikedFriendly forms Detected!. Let's all of us pray for the engulf!. Good luck to everyone!
http://i42.tinypic.com/330bvh5.jpgIgnored
DislikedGood work Kumugi,
The 5:00 EST candle formed a nice pinbar and we had divergence in overbought area above 70 level, making this a good short setups Looking at the price now, this is a +20 pip trade if you actually took the trade when it triggered.Ignored
DislikedAud/Usd
I see divergence on the daily(long trade) .... not sure what to do....any thoughts?Ignored
Dislikedi like to user AO as my indicator to detect DIV..and it also give me a signal whether it is a retrace signal or reversal trend signal..Ignored
Dislikedme if you were to check the other currency pairs. See the GU chart below.
It would be great, if whoever sees a setup coming up can alert the readers here to watch out for it, especially during Frankfort/London, as I am sleeping during these times. Thanks in advance.
Good luck trading todayIgnored
DislikedJust wanted to show my AUDUSD trade from last night. Being in the US, I took the short trade on an earlier pin bar. The first half of the trade went to TP1 within a few hours. I moved the second half's SL to break even and let it run. After a few more bars, though, it was apparent it was headed for the stop, so I closed it out manually for a small profit. This was my first trade with this system and was on a live account. Made a bit over 1.7% on the trade.
PurePrice, just wanted to get your thoughts on pulling the trigger right there... thanks...Ignored