AudUsd and NzdUsd looking soon ripe to go short, except no divergence.
What do you think guys?
What do you think guys?
Attached Image(s) (click to enlarge)
2
- #222
- Jun 25, 2020 5:32am Jun 25, 2020 5:32am
- Joined Aug 2017 | Status: Trader | 1,609 Posts
would have to agree 100% with that, remember that price to MA's compared to OBV to MA's is also considered a divergence with this strat 
Just wondering will both retrace to 500 and 1000 RN respectively
See MA' divergence pointed out with rectangles below , AU actually has short term divergence
Just wondering will both retrace to 500 and 1000 RN respectively
See MA' divergence pointed out with rectangles below , AU actually has short term divergence
- #223
- Jun 25, 2020 6:59am Jun 25, 2020 6:59am
- Joined Aug 2017 | Status: Trader | 1,609 Posts
CHFJPY Will price catch up with OBV?
- #224
- Jun 25, 2020 8:22am Jun 25, 2020 8:22am
- Joined Sep 2010 | Status: Trader | 2,034 Posts | Online Now
- #225
- Jun 25, 2020 1:40pm Jun 25, 2020 1:40pm
EurAud Sell • Pull back to MA's. • OBV breach and hold below 50. • Weak Euro, Aussie building strength. {image}
1. price extended way out of MAs (fake bullish trap)
2. OBV below MAs
3. 1.6400 key level
4. Divergence on OBV compared to Price
Take this course: https://shorturl.at/upBey
- #226
- Jun 25, 2020 2:01pm Jun 25, 2020 2:01pm
- Joined Aug 2017 | Status: Trader | 1,609 Posts
{quote} Should have sold here actually... 1. price extended way out of MAs (fake bullish trap) 2. OBV below MAs 3. 1.6400 key level 4. Divergence on OBV compared to Price {image}
Perfectly explained
What i like about the setuo is OBV below MA's for long period showing downtrend
MA's are there for direction, bullish/bearish confirmation plus to exploit fake outs
I think i have chosen a bad start to show what this strategy can actually do as all markets in ranging for two weeks now and this strat excells in trend but we still make money in range, but that said made pips last week and will make pips this week, on the smart money side of the trades
- #228
- Jun 25, 2020 6:18pm Jun 25, 2020 6:18pm
- Joined Sep 2010 | Status: Trader | 2,034 Posts | Online Now
- #229
- Jun 26, 2020 4:09am Jun 26, 2020 4:09am
- Joined Aug 2017 | Status: Trader | 1,609 Posts
This has all the charactersitics i look for in my trades
1, Longer term divergence
2, Short term divergence
3, OBV sloping down for long period
4, All MA's showing downward motion
5, Price to OBV showing divergence between MA'S
6, Price reaction off MA's and Big round number
If this trade doesnt continue down i will give up (joke)
1, Longer term divergence
2, Short term divergence
3, OBV sloping down for long period
4, All MA's showing downward motion
5, Price to OBV showing divergence between MA'S
6, Price reaction off MA's and Big round number
If this trade doesnt continue down i will give up (joke)
- #230
- Jun 26, 2020 6:57am Jun 26, 2020 6:57am
- Joined Sep 2010 | Status: Trader | 2,034 Posts | Online Now
- #233
- Edited 1:15pm Jun 26, 2020 1:01pm | Edited 1:15pm
- Joined Aug 2017 | Status: Trader | 1,609 Posts
- #237
- Jun 27, 2020 5:46am Jun 27, 2020 5:46am
- Joined Aug 2017 | Status: Trader | 1,609 Posts
Found a nice .mq4 round numbers indi by mladen for you all, I actually prefer it than the one i got, i added new TPL to go with it as needed to adjust RN price txt
- #239
- Edited 9:09am Jun 27, 2020 8:36am | Edited 9:09am
- Joined Aug 2017 | Status: Trader | 1,609 Posts
{quote} Is all characteristics meeting here? Thoughts {image}
Hi Julio
If you look at price and its MA's its actually in a downtrend so we would be looking at opportunities to sell instead of buy , So we want to put as much as we can in our favour
That said it could be moving back in uptrend so, i will wait until price confirms then enter when all is aligned
Hello from Newbie (junior with few month on the road)
I just came across this thread today and as they are only 12 pages, i was able to catch up on all in short time. Thanks for sharing the strategy like many others over here and its really help us this complex world that give us a head start that you all didnt had when you might have started
I am trying to understand and have attached my chart below, is it possible to confirm please if the sell signal on all the one highlighted would be valid based on the EMA positioning (Price above 50 EMA, while OBV have clear distance down between 50 EMA). Rule 5 Price to OBV showing divergence between MA'S in your post 229. Saying that this is 50 EMA and not 200 SMA. I would probably based my sell limit on the whole number one below from where the price are rejected as we wont know if the price will react at the given whole number. Not sure if that make sense.
Also have cross out entries where the price did pop up the 50 EMA, but they are in line with the OBV, so doesnt meet our rule. It also meet based on your last post to look only for the sell based on the Price and OBV below SMA (Bearish Trend)
One more thing i am still not clear on. When there is divergence, how do we decide when to enter as divergence will be over prolong time. I understand you enter based on the Price Action at the whole number whenever that happens. So we just have to keep monitoring after we found the divergence. As you can see from your previous post , long term divergence was identified around 24 June. So when do we actually pull the trigger is still not clear enough for me. What if that small time divergence was never establish? I can see price rejected on 25th June at 69, so would that be a valid entry.
The chart is H4, while i am aware you prefer to trade on H1, but at the moment i am still learning and understanding the mechanics
Thanks
I just came across this thread today and as they are only 12 pages, i was able to catch up on all in short time. Thanks for sharing the strategy like many others over here and its really help us this complex world that give us a head start that you all didnt had when you might have started
I am trying to understand and have attached my chart below, is it possible to confirm please if the sell signal on all the one highlighted would be valid based on the EMA positioning (Price above 50 EMA, while OBV have clear distance down between 50 EMA). Rule 5 Price to OBV showing divergence between MA'S in your post 229. Saying that this is 50 EMA and not 200 SMA. I would probably based my sell limit on the whole number one below from where the price are rejected as we wont know if the price will react at the given whole number. Not sure if that make sense.
Also have cross out entries where the price did pop up the 50 EMA, but they are in line with the OBV, so doesnt meet our rule. It also meet based on your last post to look only for the sell based on the Price and OBV below SMA (Bearish Trend)
One more thing i am still not clear on. When there is divergence, how do we decide when to enter as divergence will be over prolong time. I understand you enter based on the Price Action at the whole number whenever that happens. So we just have to keep monitoring after we found the divergence. As you can see from your previous post , long term divergence was identified around 24 June. So when do we actually pull the trigger is still not clear enough for me. What if that small time divergence was never establish? I can see price rejected on 25th June at 69, so would that be a valid entry.
The chart is H4, while i am aware you prefer to trade on H1, but at the moment i am still learning and understanding the mechanics
Thanks
