Divergences - (All Pairs)

arrrrrrg, I missed this one.

do not worry... there will be more

EURUSD situation...
I'll wait for a OB signal in the lower timeframe

Hey, thanks emda for insisting many times with your posts on the eur/jpy divergence, I was keeping 3 eyes open for this one and finally missed it for some unfortunate events,,, --fall asleep.. But there will be others,,

I appreciate your insight,, I'm always here checking this thread..

cheers..

thanks
really appreciated.

I am happy with divergence trading for intraday.
While I can get 20 pips per day... Patience.. reward comes.

divergence in this case could end up being a continuation pattern

new week start and divergence chart EURUSD

I'm not trading it because I don't enter trades until london open

hello c-note...
thanks. interesting divergence... but you can be right... I wouldn't go long now with such a big pressure on the dollar right now.. and monday... too risky...

Nice thread! Its hard work keeping a thread up by yourself, unless you use the higher tfs really. Stick with it though, Im sure there are a lot of people who use divergence in their trading, take care Raz

thank you Raz
I use the H4 timeframe. with M15 or H1 entries. Divergences are a good signal that price is losing strength and a change of trend direction is going to happen... we are interested in entering into a trend at the beginning.

I'll post here a new chart of EURJPY.... to see channels in more detail

How can we difference a good divergence from a bad divergence using channels. Usually.. a divergence occurs when the price is glued to the channel trendline.. and makes last spike goes to retest the channel resistance before leaving it. Divergence warns that price is losing strength.... the first divergecne in this example didn't reach the channel resistance.... so. it was not a good divergence.. it means that price is still going up in the channel.. waiting a little to continue... but if price reaches resistance after a divergence... oh yes... short signal. target? mid line of channel .. could be a good target... in this case was great... also. now this new week.. price tried to continue the up trend channel... but weekly pivot didn't allow it.... next target? lower trendline of channel...

edit: the second vertical line is the last point where the cannel is defined... so from there to the right you can use trendline of the channel without change until price invalidates channel.

I hope it was interesting. I'm not going to have so much time to post soon... because I'm preparing for my holidays very soon...
But I hope this thread keeps alive.

emda give comments

with my previous post of EURJPY.. I'm posting now a more detailed chart of what I am waiting for now to enter short...

only one comment... too many indicators... get cleaner charts... I don't use that divergence indicator. don't like it too much.

yes EURUSD seems going down .. but EUR is strong this week... fundamentals. I would buy any buy signal you could have.

not like tht eu has DIV on OSMA and comfirm by tl breakout other indi like MACD and stoch just to recognise double DIV.
So the my point is on OSMA and TL.
GBP/chf I try cooperate DIV on OSMA with chart pattern.

yes.. thanks.. that gbp/chf could be good but there is that trendline... still to break...

same situation GBPUSD

hi emda,which channel is that you use??

strong euro...
breakming resistance channel trendline.. invalidates channel.. no divergence yet...

linear regression

if EURUSD breaks the resistance .. strong euro... and USDJPY wants to recover a little I would buy EURJPY instead of EURUSD.