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THE only Pattern

  • #6,421
  • Oct 15, 2018 5:17am Oct 15, 2018 5:17am
EU 1.157xx was broken up.............so mostly EU will continue up this week............especially with the break of 1.16-1.1610
atheer1
  • #6,422
  • Oct 15, 2018 5:24am Oct 15, 2018 5:24am
I am a new trader, I want to ask about the divergence indicator, I don't know if I am asking in the right place ...?

Like the picture I shared, in the picture I gave a red circle, and there was the formation of divergence movements,

My question is, does every candle make it past the divergence marked that the trend will always continue upwards ...?
Attached Image
  • #6,423
  • Oct 15, 2018 5:24am Oct 15, 2018 5:24am
sell dax.. 15 point stop. 30 point target
It's in fear when people show what they truly value.
  • #6,424
  • Oct 15, 2018 5:25am Oct 15, 2018 5:25am
Quoting ensale
sell dax.. 15 point stop. 30 point target
entry price for reference, 11560.30... try for entry as close to this as possible
It's in fear when people show what they truly value.
  • #6,425
  • Oct 15, 2018 5:37am Oct 15, 2018 5:37am
Quoting ensale
{quote} entry price for reference, 11560.30... try for entry as close to this as possible
up 20 point's , BE+1 Stop in..

I acknowledge it was very fast... Just how it is.. watch m5 to understand setup.. OP setup
It's in fear when people show what they truly value.
  • #6,426
  • Oct 15, 2018 5:40am Oct 15, 2018 5:40am
Quoting atheer1
EU 1.157xx was broken up.............so mostly EU will continue up this week............especially with the break of 1.16-1.1610
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-15_11h22_32.png Size: 54 KB
Kanmeir. here's how you want price to stablize .. and buyers to prove.. shown here on m15 because atheer reccomendtion. and it shows cleary how buyers support this level.. evidence.
It's in fear when people show what they truly value.
  • #6,427
  • Oct 15, 2018 5:40am Oct 15, 2018 5:40am
Quoting newtraderer
I am a new trader, I want to ask about the divergence indicator, I don't know if I am asking in the right place ...? Like the picture I shared, in the picture I gave a red circle
we do not discuss about divergence in this thread.

one off discussion only.
there are 2 types of divergence: regular and hidden divergence.
you can learn more from here:
https://www.babypips.com/learn/forex...ce-cheat-sheet

what you have shown is a regular divergence. the price keeps going up but the oscillator goes down.
so the price is supposed to come down following the oscillator.
however it does not work every time. it may require at times 2 or 3 regular divergence.
by making it works better, you can use a filter by adding a trend line drawn from the bottom lower fractal to the upper lower fractal.
in your example, the sell is a counter trend going against the main trend, so do not expect profit to run.

hope this helps.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,428
  • Oct 15, 2018 5:44am Oct 15, 2018 5:44am
Quoting newtraderer
I am a new trader, I want to ask about the divergence indicator, I don't know if I am asking in the right place ...? Like the picture I shared, in the picture I gave a red circle, and there was the formation of divergence movements, My question is, does every candle make it past the divergence marked that the trend will always continue upwards ...? {image}
1. there is no always in trading...
2. break above that swing point would indicate failure, yes.
3. in the case of your divergence trade. it worked to a certian point. depend's on your profit target if you would be succesful in this case.. trading plan in counter trend and with trend trades is something you have to figure out
4. divergence is not discussed in this thread, and I don't intend to bring it here although i have some exp with it.. mostly NOT needed when you have Only Pattern and good understanding of market.. but since your new I gave you an answer.

welcome
It's in fear when people show what they truly value.
  • #6,429
  • Oct 15, 2018 5:56am Oct 15, 2018 5:56am
Quoting Inthebox
also observing a few others {image}
tp
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-15_1853.png Size: 15 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,430
  • Oct 15, 2018 6:05am Oct 15, 2018 6:05am
tp
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-15_1904.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,431
  • Oct 15, 2018 6:10am Oct 15, 2018 6:10am
Quoting Inthebox
{quote} tp {image}
Nice............but why are not leaving some for more? may be 1.1730-40..............but I agree 1.16 is good
atheer1
  • #6,432
  • Oct 15, 2018 6:11am Oct 15, 2018 6:11am
Quoting ensale
{quote} up 20 point's , BE+1 Stop in.. I acknowledge it was very fast... Just how it is.. watch m5 to understand setup.. OP setup
Mostly BE+1 .. there is a reason ..and bull's are trying hard on indices..
It's in fear when people show what they truly value.
  • #6,433
  • Oct 15, 2018 6:21am Oct 15, 2018 6:21am
Quoting ensale
{quote} Mostly BE+1 .. there is a reason ..and bull's are trying hard on indices..
Yes trying to hold a bottom .............but I think eventually they will fail as volatility stabilizes
atheer1
  • #6,434
  • Oct 15, 2018 6:28am Oct 15, 2018 6:28am
Quoting atheer1
{quote} Yes trying to hold a bottom .............but I think eventually they will fail as volatility stabilizes
so you think there is also panick on there side.. but eventually they can do nothing to stop the inevitable
It's in fear when people show what they truly value.
  • #6,435
  • Oct 15, 2018 6:35am Oct 15, 2018 6:35am
Quoting ensale
{quote} so you think there is also panick on there side.. but eventually they can do nothing to stop the inevitable
That is exactly what I think now
atheer1
  • #6,436
  • Oct 15, 2018 6:48am Oct 15, 2018 6:48am
Quoting atheer1
{quote} That is exactly what I think now
Truth win's on lies in the end..
It's in fear when people show what they truly value.
  • #6,437
  • Oct 15, 2018 6:53am Oct 15, 2018 6:53am
Quoting kanmeir
{image} Это правильный вход? Извините за мой английский
Update us. what's your target on trade.
It's in fear when people show what they truly value.
  • #6,438
  • Oct 15, 2018 6:57am Oct 15, 2018 6:57am
I am here for next half hour.. if anyone want's to ask on a certain pair/instrument. please do. Your questions can help trigger the thinking aspect in the brain.
It's in fear when people show what they truly value.
  • #6,439
  • Oct 15, 2018 6:57am Oct 15, 2018 6:57am
Quoting atheer1
{quote} Nice............but why are not leaving some for more? may be 1.1730-40..............but I agree 1.16 is good
nowadays i am happy to get 50 pips. trend run is not like what it used to be especially now you have the brexit and trade war ....
if it retraces to a minor support zone and if i am at the computer, i can input again.
also i have some running in the crosses. do not want to overstretch.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,440
  • Oct 15, 2018 7:07am Oct 15, 2018 7:07am
What are the grid settings for m5, m15, m30?
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