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Divergences - (All Pairs)

  • #421
  • Jun 30, 2008 5:59am Jun 30, 2008 5:59am
Quoting emda
if EURUSD breaks the resistance .. strong euro... and USDJPY wants to recover a little I would buy EURJPY instead of EURUSD.

mmm EURUSD back in the channel... critical level now... I'll stay out until a clear signal.
  • #422
  • Jun 30, 2008 6:02am Jun 30, 2008 6:02am
Quoting B@by trader
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.
eu really make pips lol
  • #423
  • Jun 30, 2008 6:06am Jun 30, 2008 6:06am
Quoting emda
linear regression
gracias
short on the er/us div.dont shout,!!!hehe
Attached Image (click to enlarge)
Click to Enlarge Name: div.gif Size: 47 KB
PATIENCE... DISCIPLINE
  • #424
  • Jun 30, 2008 6:10am Jun 30, 2008 6:10am
there was a good spike on EURUSD... when everybody is thinking long EURUSD... you have to think SHORT spikes... interesting..
  • #425
  • Jun 30, 2008 6:20am Jun 30, 2008 6:20am
possible fake out,happens often with these short term pattern/trendline breaks
PATIENCE... DISCIPLINE
  • #426
  • Jun 30, 2008 6:24am Jun 30, 2008 6:24am
Quoting g_j_hook@yah
possible fake out,happens often with these short term pattern/trendline breaks
agree
lesson learned


it only makes more room to go long after a while
  • #427
  • Jun 30, 2008 6:25am Jun 30, 2008 6:25am
check out its counter part
Attached Image (click to enlarge)
Click to Enlarge Name: update2.gif Size: 42 KB
PATIENCE... DISCIPLINE
  • #428
  • Jun 30, 2008 6:27am Jun 30, 2008 6:27am
closed for +17
PATIENCE... DISCIPLINE
  • #429
  • Jun 30, 2008 6:28am Jun 30, 2008 6:28am
Quoting g_j_hook@yah
check out its counter part
heh.. yes...
there is no system that works 100%... all the known systems are broken at some point... the only good thing to success in trading is to win a lot when you win and not to lose too much when you lose. There is no other secret.
  • #430
  • Jun 30, 2008 8:47am Jun 30, 2008 8:47am
Quoting emda
if EURUSD breaks the resistance .. strong euro... and USDJPY wants to recover a little I would buy EURJPY instead of EURUSD.
good call!
Attached Image (click to enlarge)
Click to Enlarge Name: update.gif Size: 46 KB
PATIENCE... DISCIPLINE
  • #431
  • Jun 30, 2008 9:03am Jun 30, 2008 9:03am
Quoting g_j_hook@yah
good call!
thanks
  • #432
  • Jun 30, 2008 9:03am Jun 30, 2008 9:03am
Quoting emda
with my previous post of EURJPY.. I'm posting now a more detailed chart of what I am waiting for now to enter short...
still waiting a bit more
  • #433
  • Jun 30, 2008 9:06am Jun 30, 2008 9:06am
isn't trading easy?
Attached Image (click to enlarge)
Click to Enlarge Name: DIV 54.png Size: 64 KB
  • #434
  • Jun 30, 2008 9:24am Jun 30, 2008 9:24am
Nice set up!
  • #435
  • Jun 30, 2008 2:58pm Jun 30, 2008 2:58pm
Quoting emda
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.

Hi emda, B@by trader,

Nice thread. I like that the posts help each other to point out tradeable divergences, in conjunction with channels, TL's and other signals. Regarding your comment (emda) that you don't much like the auto-divergence indicator (FX5_Divergence_v2.1.mq4 in post #24 of this thread) that B@by trader is using, I'm curious why? What problems did you encounter when you tried it out? And a related question, do you know of other auto-divergence indicators for MT4 that you do like?

I hate missing the obvious setups when I don't happen to be looking at a chart at the right moment to trade divergence. Seems like the indicator could be useful (in addition to this thread ... )


FYI, the two divergences that B@by trader posted for EU and GC both played out profitably (see picture). Question for B@by trader: How good are the signals with that indicator in your experience? Best timeframes to use? (H1, and ... ?)



Thanks,
Kent (pips4life)
Attached Image (click to enlarge)
Click to Enlarge Name: EU GC M30 after divergence.jpg Size: 125 KB
  • #436
  • Jun 30, 2008 3:14pm Jun 30, 2008 3:14pm
HI Kent. it is just that I didn't find the correct parameters to it... I was seeing divergences when the oscillator is not in oversold or overbought areas... I prefer to select divergences on those areas. And maybe I like more the divergences on RSI indicator.
  • #437
  • Jun 30, 2008 3:28pm Jun 30, 2008 3:28pm
Quoting emda
HI Kent. it is just that I didn't find the correct parameters to it... I was seeing divergences when the oscillator is not in oversold or overbought areas... I prefer to select divergences on those areas. And maybe I like more the divergences on RSI indicator.
OK thanks.

Another question: Your RSI on your charts show nice green and red colors when in the OS/OB areas which are also sensitive to the slope of the line. What RSI indicator is that? Where can I download it and what are your settings if not default? Thx.
  • #438
  • Jun 30, 2008 3:32pm Jun 30, 2008 3:32pm
Quoting pips4life
OK thanks.

Another question: Your RSI on your charts show nice green and red colors when in the OS/OB areas which are also sensitive to the slope of the line. What RSI indicator is that? Where can I download it and what are your settings if not default? Thx.
look in the attachments of the thread.. I posted my indicators and template. I customized the indicator a bit to use RapidRSI instead of RSI.
it is not sensitive to the slope... only it paints when in OB and OS areas. I use two indicators in two timeframes.. H4 and current timeframe.. I use it to see H1 and M15 timeframes along with the H4.
  • #439
  • Jul 1, 2008 2:11am Jul 1, 2008 2:11am
perfect setup

A H4 RSI below 50... (bearish)
B yesterday high resistance
C MR1 resistance

divergence setup in the M15... target Pivot. stop above yesterday high.
Attached Image (click to enlarge)
Click to Enlarge Name: DIV 55.png Size: 29 KB
  • #440
  • Jul 1, 2008 4:51pm Jul 1, 2008 4:51pm
Bearish divergence is starting to form on 1hour Eur/Cad but I suspect it has to reach 6215 b4 a significant correction...
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