In trading, you have to be defensive and aggressive at the same time
- #19,702
- Jun 8, 2018 1:57am Jun 8, 2018 1:57am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #19,705
- Edited 2:35am Jun 8, 2018 2:13am | Edited 2:35am
beautiful effect of the dovish RBA rate statement at june 5th.
just as expected as my analysis before : https://www.forexfactory.com/showthr...6#post11138066
dovish rba + R100 + double top + D1 cypher pattern
just as expected as my analysis before : https://www.forexfactory.com/showthr...6#post11138066
dovish rba + R100 + double top + D1 cypher pattern
"Hope" is dangerous word in trading, trade what you see not what you hope!
- #19,713
- Jun 8, 2018 4:08am Jun 8, 2018 4:08am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
It is wise to observe what is regularly happening after 10 am LONDON time.....
like now
like now
- #19,715
- Jun 8, 2018 5:13am Jun 8, 2018 5:13am
{quote} Kind time of the day, guys, what do you think about the divergence on TDI? for example AUDJPY H4, on chart zorndyke AU we can see divergence too {image}
my first analysts is geopolitical issue, then "semi"fundamental like news listed on forexfactory calendar, watch the Price (re)Action, then technical analysis play the role as entry and exit point.
edit : don't forget corelation like gold, oil, usd index, jpy index, italian bonds (for now), us bonds, vix.
here's one of the example of my first analysis.
just sit and watch the drama
"Hope" is dangerous word in trading, trade what you see not what you hope!
- #19,716
- Jun 8, 2018 5:27am Jun 8, 2018 5:27am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
It is wise to observe what is regularly happening after 10 am LONDON time.....
EURNZD +847
{quote} Kind time of the day, guys, what do you think about the divergence on TDI? for example AUDJPY H4, on chart zorndyke AU we can see divergence too {image}
There are many reasons that I don't use Divergence in my trading.For once and all I don't want to read about this and you will get kicked out if you do mention it. Divergence is how Oscillator catching up with price and as such it has zero bearing on price!Its basically a lagging indicator showing what has transpired. Divs signal can show sell for example on H4 and Daily and price can climb another 100-500pips north irregardless what shows on its graph. Divergence will always occur when there's a sharp (big movement in a short amount of time) move...
