MACD Divergence 1H
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- #203,381
- Edited 10:50am Dec 11, 2024 10:35am | Edited 10:50am
- Joined Jul 2022 | Status: Trader | 1,412 Posts | Online Now
- #203,383
- Dec 11, 2024 10:54am Dec 11, 2024 10:54am
- Joined May 2014 | Status: Full Time Trader | 27,136 Posts | Online Now
MACD Divergence 1H {image} {image}
If H1 candles can't close above it, no need to stress for a long!
If they can, then there is a chance for bullishness... Let's see...
Best wishes
Focus only on what truly matters!
- #203,384
- Dec 11, 2024 11:09am Dec 11, 2024 11:09am
- | Joined Mar 2022 | Status: Trader | 1,093 Posts
my plan for bul didn't work so will wait h close 
- #203,385
- Dec 11, 2024 11:15am Dec 11, 2024 11:15am
- Joined May 2011 | Status: Trader | 1,577 Posts
{image} So close, so close and yet so far Just missed my profit target and now back to where I bought. Should have moved my target up a few pips when I moved my entry down a few pips. Would have been amazing.I think I will revisit my journal to see how often this happens
Still in the trade Entry 1.0529. Stops above 1.0580. Target at 1.0470 area. Happy trades to you, NB
The movers are really pushing to take out stops as the new year approaches. Trade safe!
Happy trades to you,
NB
Ecclesiastes 1:9
- #203,386
- Dec 11, 2024 11:23am Dec 11, 2024 11:23am
- Joined May 2011 | Status: Trader | 1,577 Posts
Meanwhile, on H4... Below is my chart from Monday: 1.0534 was the bearish breakout level. That's the location where I keep selling. In terms of support, the nearest stopper sits around ~1.0469/79... but I stay bearish for now and don't bother for stoppers or bumps. Trend is bearish while inside channel! Enjoy! {image}
Ecclesiastes 1:9
- #203,387
- Dec 11, 2024 11:55am Dec 11, 2024 11:55am
- Joined May 2014 | Status: Full Time Trader | 27,136 Posts | Online Now
Those who shorted like me around 1.0509 might be smiling now..
What's next: you can either take profits here at 1.0490 area OR you can let your shorts run... all up to you..
One thing for sure: I don't touch the buy button while candles open inside the red steep bearish channel!
What's next: you can either take profits here at 1.0490 area OR you can let your shorts run... all up to you..
One thing for sure: I don't touch the buy button while candles open inside the red steep bearish channel!
Focus only on what truly matters!
- #203,390
- Dec 11, 2024 3:47pm Dec 11, 2024 3:47pm
- Joined May 2014 | Status: Full Time Trader | 27,136 Posts | Online Now
Meanwhile, on H1...
Closed short orders.. I am on sidelines now... Liquidity dropped... But no buying yet! Still too risky!
We hopefully meet again tomorrow... Trade safe...
Peace
Closed short orders.. I am on sidelines now... Liquidity dropped... But no buying yet! Still too risky!
We hopefully meet again tomorrow... Trade safe...
Peace
Focus only on what truly matters!
- #203,391
- Dec 11, 2024 10:08pm Dec 11, 2024 10:08pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #203,392
- Dec 12, 2024 12:30am Dec 12, 2024 12:30am
- Joined May 2014 | Status: Full Time Trader | 27,136 Posts | Online Now
Meanwhile, on H1...
Last night, after seeing a mild breakout from the steep bearish channel, I quit my short orders and left it that way.
Came back to see that price has gone nowhere. Low liquidity is only causing candles to drift sideways. I am doing nothing for now, but after London opening we must watch if market wants to move or not. Lack of liquidity kills the fun.
While candles open below the 1.0509-ish zone, I stay away from the buy button. The 1.0492-ish levels might turn into support with help of MACD divergence.
Overall, maybe we won't even have a trade opportunity today. Time will tell...
Happy trading day folks
Last night, after seeing a mild breakout from the steep bearish channel, I quit my short orders and left it that way.
Came back to see that price has gone nowhere. Low liquidity is only causing candles to drift sideways. I am doing nothing for now, but after London opening we must watch if market wants to move or not. Lack of liquidity kills the fun.
While candles open below the 1.0509-ish zone, I stay away from the buy button. The 1.0492-ish levels might turn into support with help of MACD divergence.
Overall, maybe we won't even have a trade opportunity today. Time will tell...
Happy trading day folks
Focus only on what truly matters!
- #203,394
- Dec 12, 2024 1:12am Dec 12, 2024 1:12am
- Joined May 2014 | Status: Full Time Trader | 27,136 Posts | Online Now
I love Frankfurt/London openings.. 
1.0540 area is my first bull target on H1... After that, I will begin to buy dips like usual!
*On H4 there is additional resistance sitting around 1.0550!
1.0540 area is my first bull target on H1... After that, I will begin to buy dips like usual!
*On H4 there is additional resistance sitting around 1.0550!
Focus only on what truly matters!
- #203,395
- Dec 12, 2024 1:46am Dec 12, 2024 1:46am
- Joined May 2014 | Status: Full Time Trader | 27,136 Posts | Online Now
Quick DAILY Outlook
- While I am currently bullish on H1, please know that the overall trend is still bearish on D1...
- Notice how well MACD lines are positioned inside bearish territory. Therefore, always trade cautious when going long!
- Now, that said, in the back of my head I am also trying to catch the timing where I might turn bearish again. And that depends on how price reacts when it arrives at the marked areas along the red colored area.
- Those areas are: ~1.0537.... then ~1.0575 and finally ~1.0628 for today!
- Long story short: While scalping long, we must try to catch early bearish signs around these sweet spots. In other words, don't turn blindly bullish yet. This market is not bullish just yet! I trade mixed!
My two cents
Focus only on what truly matters!
- #203,398
- Dec 12, 2024 3:09am Dec 12, 2024 3:09am
- Joined May 2014 | Status: Full Time Trader | 27,136 Posts | Online Now
Focus only on what truly matters!
