Divergence and hidden Divergence 122 replies
Extracting Historical Prices but only certain Candle Sticks 0 replies
The Market Explained by candle sticks and price action 124 replies
High's and Lows of Candle Sticks 7 replies
DislikedIf the USD gets stronger, everything else that is paired with it gets weaker
For example if you look at USDJPY, then if traders start demanding USD and going long on USDJPY, then that means they are buying USD and selling JPY. This may have a ripple effect on EURJPY and then possibly GPBJPY, and so on. That is why when you enter any trade you do not want to enter multiple correlated pair trades since you would be increasing your exposure and thereby increasing your risk. Because very likely, as you will notice that if a trade fails on one USD...Ignored
Dislikedthanks 2013 i've been doing this a long time I'm just highlighting areas that new traders should be watching! there is div but without the right reaction/conformation it's worthless or expensive lol
will look for gbpusd sup @ s3 and see what we look like from there
regardsIgnored
Dislikedthanks 2013 i've been doing this a long time I'm just highlighting areas that new traders should be watching! there is div but without the right reaction/conformation it's worthless or expensive lol
will look for gbpusd sup @ s3 and see what we look like from there
regardsIgnored
Disliked16150-16160 area should be interesting to watch as that is previous support/resistance area, and we may get a setup thereIgnored
DislikedI wanted more of a reaction... I like to look at 15min chart for entry and....i'm still looking.
regardsIgnored
DislikedI have got in at 16180 - on close of the bullish engulfing ( I am pretty sure it was a BE). Was this a wise thing to do? thanks :-)Ignored
DislikedI wanted more of a reaction... I like to look at 15min chart for entry and....i'm still looking.
regardsIgnored
DislikedThanks for reply - so you look for a pin bar of engulfing pattern on the 15 min chart (but not divergence) after identifying the same pattern (and divergence) on the 1h chart initially?Ignored
DislikedWe have divergence established
We have a bullish engulfing candle stick pattern
The above two things should indicate a possible reversal around this level, which as I mentioned earlier is a previous resitance/support level at which we "expect" a pause in price, so this area makes sense to have a possible setup.
However, I normally would like to wait for PA confirmation after the price breaks the high of the setup candle by a few pips, which is yet to happen.Ignored
DislikedWe have divergence established
We have a bullish engulfing candle stick pattern
The above two things should indicate a possible reversal around this level, which as I mentioned earlier is a previous resitance/support level at which we "expect" a pause in price, so this area makes sense to have a possible setup.
However, I normally would like to wait for PA confirmation after the price breaks the high of the setup candle by a few pips, which is yet to happen.Ignored