I closed all trades at the Pivot, 1.3272. Now, unless World War 3 begins, I expect a bounce of maybe 50 to 60 pips.

Not only held... I´ve been adding on the way down. Now I am on hold and will start closing partials as we get closer to the Pivot.

I agree. My TP is at 1.3272.

Sorry, I confused you with someone else.

I agree with your analysis. I am in Santander, what part of Galicia are you at?

Terrible news for USD and still no breakout. What does that tell you? There are many longs with sweaty palms right now who were expecting a breakout on the news. That does not mean that a breakout cannot happen. It just means it is unlikely and the ...

Here it is. Setting: Trend CCI Period = 45

There is another very reliable factor that I use in H4. It is the 10/20 EMA crossover right after the divergence. In the chart I attached before, the 10 EMA is white and the 20 EMA is orange. At this point, the crossover has not yet happened, but it ...

For me, the idiotic rise was done in order to set in stone the missing H4 divergence.

From my experience, GU divergences in lower time frames are not consistently accurate. For some reason that I cannot explain, they are very accurate in the H4 time frame at swing change. And I mean extremely accurate... This is the only reason I ...

Last night and today we are adding the one missing ingredient that almost always occurs with GBPUSD at price swing changes: The H4 divergence as shown by my trusted True Trend indicator. Now we have it. I marked in white the previous instances of H4 ...

You are right in everything you say, but I believe the trade is solid based on many other factors aside from the engulfing candle. That was just the icing on the cake for me. If I am wrong, I take my loss and move on. No big deal...

No, I do not have empirical documented evidence. I don´t have it either for when I open the shower fawcet every morning, I expect water to come out.

I am with Mitiblotch on the Daily bearish engulfing. It is called experience of 35 years of trading. Can it fail?, sure, anything can happen... but the odds are greatly on the side of GU dropping hard in the next few days.

Thanks. There seems to be potential with it for scalping the 5 minute chart. I will test it and report back my findings.

Thanks again. I´ll try it out. Any settings or suggestions you can share from your work with it will be appreciated.

Hi Headland. I always look forward to your comments. How do you draw those parabolic blue curves on your chart? Is that possible in MT4? Thanks.

No Hanging Man for me.

I agree with everything you wrote. Very well said...

I agree with ATA, but this one works great for me. I use it on H4 charts, but it is valid on any time frame. Set CCI period to 40 for best results. It is especially good with H4 divergences. Notice how it announced the swing turns in EURUSD. Good ...