DislikedJust like this Baby trader... that middle line on the RSI is the 50 lineIgnored
- #182
- Jun 8, 2008 8:03am Jun 8, 2008 8:03am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
here is one example from a trade i took last week.
regular bullish divergence; look at the arrows: one shows trendline break, on macd shows histogram closing above 0, on cci shows a value very close to 0.
this would be the perfect setup for a divergence trade. all you have to do is wait for the candle to close and then enter the trade.
regular bullish divergence; look at the arrows: one shows trendline break, on macd shows histogram closing above 0, on cci shows a value very close to 0.
this would be the perfect setup for a divergence trade. all you have to do is wait for the candle to close and then enter the trade.
TQ scrat for the secret.
I know tht we must have tl break comfirmation but what is oscillator break through 0/50?
I will be glad if you give picture of example
Nihil Sine Deo.
- #187
- Jun 9, 2008 6:37am Jun 9, 2008 6:37am
to tell you Im on the trade.Hope make green pips as this is my first trade using divergences only(not filter with other indicators).
just remember price trumps all
regards
- #188
- Jun 9, 2008 7:03am Jun 9, 2008 7:03am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #189
- Jun 9, 2008 7:10am Jun 9, 2008 7:10am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #190
- Jun 9, 2008 8:53am Jun 9, 2008 8:53am
to tell you Im on the trade.Hope make green pips as this is my first trade using divergences only(not filter with other indicators).
Thank you for your explanation so where did you close the post and how to determine the exit?I just close at 1.5703 with green pips almost +90 I guess.but after my exit I think eu drop at about 40pips!.how to determine the exit?
- #193
- Jun 9, 2008 10:01am Jun 9, 2008 10:01am
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #195
- Jun 9, 2008 10:25am Jun 9, 2008 10:25am
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
what t/f and indicator are you using emda? my u/j oscillators are looking nothing like yours...
it is RapidRSI.... I modified the Color RSI indicator to use the RapidRSI. I've found good results for divergences with it.
- #199
- Jun 9, 2008 12:10pm Jun 9, 2008 12:10pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Hi Scrat,
I was wondering if you had taken GU shorts yet.
I still seem to have a problem with timing of entry.
I thought it had broken the LT, but it seems like going up.
Appreciate your help bro.
I guess, i just needed to be more patient.
Thanks for the heads up bro.
- #200
- Jun 9, 2008 12:13pm Jun 9, 2008 12:13pm
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
hi yawl,luckily just found this thread today,iv not read it all but it seems a great thread.i am newish to trading and am still trading demos for the mo.i LOVE divergence setups and its great to have found this thread to help me learn how to play them well.
i am currently short gb/us from the divergence on the hourly tf.my indicators are stochs 9,3,3(exponential)and RSI 9.i like that the price has just been rejected from res and the 38%fib from the last swing down(daily chart).the daily is showing a pin bar,mabyeit will close as one and mabye just maybe be a good trade??!!
did anyone catch the aussie??whooohoooo!
i am currently short gb/us from the divergence on the hourly tf.my indicators are stochs 9,3,3(exponential)and RSI 9.i like that the price has just been rejected from res and the 38%fib from the last swing down(daily chart).the daily is showing a pin bar,mabyeit will close as one and mabye just maybe be a good trade??!!
did anyone catch the aussie??whooohoooo!
PATIENCE... DISCIPLINE