For what its worth, I don't really trade on hidden divergencies, but for those who maybe short, I see a major bullish hidden divergence on the 1 hr zerolag MACD.
Attached Image (click to enlarge)
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #84,823
- May 27, 2008 11:00pm May 27, 2008 11:00pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
I found out this news to be interesting.. Oil price is also dropping. Recipe for all bearish yen pairs? 
01:46 USD/JPY: Move Down Also Tied To News Of Fresh Al-Qaeda Threats Tokyo, May 28. US media reports that Al-Qaeda is threatening fresh chemical, biological and nuclear attacks on the West look to be pressuring USD/JPY along side offering interest from those paring down longs. EUR/JPY too looks to be under a bit pressure with Europe also under threat. Asia looks to be the mini-haven of choice in this scenario. Though down, USD/JPY is seen some support around 104.00. Light trader stops are still seen below however. Renewed bidding interest is noted below though and especially towards 103.50. [email protected]
01:46 USD/JPY: Move Down Also Tied To News Of Fresh Al-Qaeda Threats Tokyo, May 28. US media reports that Al-Qaeda is threatening fresh chemical, biological and nuclear attacks on the West look to be pressuring USD/JPY along side offering interest from those paring down longs. EUR/JPY too looks to be under a bit pressure with Europe also under threat. Asia looks to be the mini-haven of choice in this scenario. Though down, USD/JPY is seen some support around 104.00. Light trader stops are still seen below however. Renewed bidding interest is noted below though and especially towards 103.50. [email protected]
- #84,824
- May 27, 2008 11:03pm May 27, 2008 11:03pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
[quote=mktjong;2022873]I found out this news to be interesting.. Oil price is also dropping. Recipe for all bearish yen pairs?
What's it do with Japan?
What's it do with Japan?
- #84,825
- May 27, 2008 11:09pm May 27, 2008 11:09pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Bearish yen pairs?
IMHO, The yen pairs are bullish, (except neutral USD/JPY), so buy them on the dips , or sell them- but don't except a downward trend.
IMHO, The yen pairs are bullish, (except neutral USD/JPY), so buy them on the dips , or sell them- but don't except a downward trend.
- #84,826
- May 27, 2008 11:12pm May 27, 2008 11:12pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
new 4H Momentum is bearish, 4H gann is at 205, if price closes below that then look down below but if the 1h candle closes above and it's QQE crosses upwards then look above 207 as a target 
Trade what you see, not what you think.
- #84,827
- Edited 11:35pm May 27, 2008 11:14pm | Edited 11:35pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
I found out this news to be interesting.. Oil price is also dropping. Recipe for all bearish yen pairs?
What's it do with Japan?
Let me try .. Japan is more like neutral to Al Qaeda. Even though Japan supports US to fighting against Al Qaeda. Al Qaeda has more interest in US and the west, thus causing Asian currencies or particularly Yen to becoming the safe haven for investors .. it's kinda risk aversion
Now.. it makes me think that market is really like 'chicken' .. no guts to facing or fight against any problems at all ..
- #84,828
- May 27, 2008 11:20pm May 27, 2008 11:20pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
[quote=mktjong;2022895]
well, i dont see it that way. yesterday was a buy /jpy pair day, today is a buy /usd pair day. both are carry trades with low interest rates. while most of the banks in the US didnt like the lower 2% rate, some banks did appreciate it. When you buy gbp/usd you are borrowing money from the US and investing it in the pound, but anyway, I think just tonight is a buy /usd pair night, (im not sure about /jpy but it should continue its uptrend a little, but it wont fall hard, IMHO)
It's a good question
Let me try .. Japan is more like neutral to Al Qaeda. Even though Japan supports US to fighting against Al Qaeda. Al Qaeda has more interest in US and the west, thus causing Asian currencies or particularly Yen to becoming the safe haven for investors .. it's kinda risk aversion
Now.. it makes me think that market is really like 'chicken' .. no guts to facing or fight against any problems at all ..
- #84,829
- May 27, 2008 11:25pm May 27, 2008 11:25pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Keep it simple & it'll be profitable 
Trade what you see, not what you think.
- #84,830
- May 27, 2008 11:26pm May 27, 2008 11:26pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
well, i dont see it that way. yesterday was a buy /jpy pair day, today is a buy /usd pair day. both are carry trades with low interest rates. while most of the banks in the US didnt like the lower 2% rate, some banks did appreciate it. When you buy gbp/usd you are borrowing money from the US and investing it in the pound, but anyway, I think just tonight is a buy /usd pair night, (im not sure about /jpy but it should continue its uptrend a little, but it wont fall hard, IMHO)
j/k
- #84,831
- May 27, 2008 11:27pm May 27, 2008 11:27pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
new 4H Momentum is bearish, 4H gann is at 205, if price closes below that then look down below but if the 1h candle closes above and it's QQE crosses upwards then look above 207 as a target
The Chonchy
- #84,832
- May 27, 2008 11:41pm May 27, 2008 11:41pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Good nite all fellow traders ..
Closed all my positions and time for bed
Closed all my positions and time for bed
- #84,833
- May 28, 2008 12:01am May 28, 2008 12:01am
hi karmo how are you, karmo can I use this gann indi on fxsol?, thanks in advance
If fxsol has an indicator named "gann hilo activator" apply it to chart with period/value "10". Most trading stations have this indicator.
sw
The Will is Greater than the Skill
- #84,834
- May 28, 2008 12:10am May 28, 2008 12:10am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Chonchy
If fxsol has an indicator named "gann hilo activator" apply it to chart with period/value "10". Most trading stations have this indicator.
sw
The Chonchy
- #84,835
- May 28, 2008 12:14am May 28, 2008 12:14am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Chonchy
If fxsol has an indicator named "gann hilo activator" apply it to chart with period/value "10". Most trading stations have this indicator.
sw
The Chonchy
- #84,836
- May 28, 2008 12:18am May 28, 2008 12:18am
huh? u'll see 1.45 way before 1.60 bro, i bet 5 pips on that.
...May I get in on this bet too???Where do you want me to send my bank account details to ??....
Just so you can put the money in now....
That will save you having to do it later
.
- #84,838
- May 28, 2008 1:19am May 28, 2008 1:19am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Dollar support broken?
- #84,839
- May 28, 2008 1:59am May 28, 2008 1:59am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #84,840
- May 28, 2008 1:59am May 28, 2008 1:59am
- Joined Aug 2007 | Status: Jamaica | 1,069 Posts
I love divergencies
, now to actually make trades with them , instead of using them to avoid bad trades or as a warning sign to get out of a profitable trade.
, now to actually make trades with them , instead of using them to avoid bad trades or as a warning sign to get out of a profitable trade.