Phil posted his daily strategy the same trade I took today.
Exciting for me, than you Phil!
Exciting for me, than you Phil!
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DislikedDid anyone take the short on the USD/CAD yesterday? I took it and made some pips. Once again i used the 1 hour to enter. On the 1 hour chart a triangle pattern was formed. I was expecting a TC or ZB on the 4 hour chart so i went short when the breakout occured on the 1 hour chart. I took one lot of at my first profit target and set the other lot to BE. My BE lot was stopped out but a total profit of 40 pips was the result..Ignored
DislikedHi JimDandy!
I quoted your post b/c I want to reference your chart that you use for it (the 1 hour divergence setup)...Are you looking at bullish divergence with your line? If so, there is a serious problem with it that you need to correct. The starting point on the MACD absolutely has to line up with the candle you start your support/resistance line from. By eyeballing your chart, it doesn't appear to be divergent on this time frame and area.
Happy Pipping to you!
PipsIgnored
DislikedHey Guys and Gals,
I have a question relating to a post made several pages back .
Ive heard people talking about Divergence /Convergence with different Indicators and price action , and well what im a bit confused about is which term relates to which situation.
In this post from Pips , which refers to post #7688, she talks about a divergence to the price action which from what I can see the two lines drawn by Jim Dandy were facing inwards ,which unless Im wrong, I took it that to lines coming closer would be convergence .
And that Divergence, would be lines moving away from each other.??
Ive heard this discription before by other posters , and wondered whether there is more to the analysis, to arrive at this,other than the obvious.
Love the thread, Marty.Ignored
DislikedTell me someone else took that little divergence setup on gbpusd. got my 40 pips at the 21!
whats next, bounce back up to the 8 maybe and then some more down?
thanks phil and companyIgnored
DislikedHey pips!!! What's happening???
Is it me or are there new faces showing up every week? That's actually a good thing. Some of you may not be aware about the website for Phillip's method. Lots of extra 'stuff' there. I update it every weekend as time permits.....Trade well.Ignored