can i call this one a divergence too
there is a LL in the price region but almost a double bottom on the oscillator
there is a LL in the price region but almost a double bottom on the oscillator
Tnavi's journal :: BTS in 15 min chart [REAL account] 77 replies
Basic Hedge System 1 reply
I need help on Orest BTS system. EA & Indicator 0 replies
Making Money and the Most Basic of All Basic Strategies 42 replies
DislikedI don't really like to post, and never have before, but I really enjoy this thread and the system it introduced me to. Thanks for that Effi. So I wanted to share the trade I just entered and to see if anyone else took the same trade as I did. I hope others will share their trade ideas as well using this great system. Quick disclaimer. Just because I entered this trade does not mean you should as well. Form your own opinion of the trade setup. I am a novice trader and still learning just like some of you.Ignored
DislikedFirst Matrixxdg, Here is the EA you asked for. Let me know if you have any questions, but it is fairly easy to use.
Second Pedro13, I never trade NFP Friday. Nice setup for that USDCHF trade. I would be a little concerned with all that support in the 1.0060 - 1.0075 range. Having said that, I think the market is trading sideways in anticipation of the NFP data.
Best of luck to you all and have a great weekend.Ignored
Disliked@ajantala,
i reckon you shorted UJ-h4. by the looks of the price action on your chart, it was at the bottom of a tunnel which can say that it may go up already. also, it is further complemented by the three lows not breaking a trend line there. that trend line is practically the bottom of the tunnel too (if you can see what I mean).
furthermore, the indicators were hinting a change of direction already. we don't necessarily wait for a divergence for a change of direction.
anyways, that's my 2 cents. hope it bought something or was worth a reply. lolz...
Ignored