Ok, is this bearish convergence same as bullish divergence?
I see bullish div on 15 min macd as well as 30 min.
It says "This signals that the downtrend is weak", so essentially it meant bullish divergence.
It's meant to confuse us. LOL.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #134,701
- Nov 11, 2008 5:20pm Nov 11, 2008 5:20pm
It says "This signals that the downtrend is weak", so essentially it meant bullish divergence.
It's meant to confuse us. LOL.
- #134,702
- Nov 11, 2008 5:21pm Nov 11, 2008 5:21pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
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- #134,703
- Nov 11, 2008 5:28pm Nov 11, 2008 5:28pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Yup...i went to the link: http://www.alpari-idc.com/en/market-...cillators.html
It says "This signals that the downtrend is weak", so essentially it meant bullish divergence.
- #134,704
- Nov 11, 2008 5:34pm Nov 11, 2008 5:34pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #134,705
- Nov 11, 2008 5:34pm Nov 11, 2008 5:34pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Yup...i went to the link: http://www.alpari-idc.com/en/market-...cillators.html
It says "This signals that the downtrend is weak", so essentially it meant bullish divergence.
I am still side line .. gauging the move ..
- #134,706
- Nov 11, 2008 5:36pm Nov 11, 2008 5:36pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
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- #134,707
- Nov 11, 2008 5:38pm Nov 11, 2008 5:38pm
- | Joined Jul 2008 | Status: Trader | 2,130 Posts
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
- #134,708
- Nov 11, 2008 5:51pm Nov 11, 2008 5:51pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Malcolm,
What's your take on EJ? I'm trading that and Nzd right now. 122 gave finally and I'm looking for 113
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- #134,709
- Nov 11, 2008 6:00pm Nov 11, 2008 6:00pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #134,710
- Nov 11, 2008 6:06pm Nov 11, 2008 6:06pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
The late move looks like a bear trap to me .. 
- #134,712
- Nov 11, 2008 6:11pm Nov 11, 2008 6:11pm
Hi Traders,
It's been a long time I posted a chart since I am a swing trader...This PA is a given...Sometime this week we will visit the lows in the 139 area again...
There are really no more support after the 150 area....This beast will fall very soon. Be patient...Many pullbacks but this will fall....
Easy Money...
Dr. C
- #134,714
- Nov 11, 2008 6:15pm Nov 11, 2008 6:15pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
The late move looks like a bear trap to me ..
came out of now where pushed under support .....high vol wide spread bars on 3 min .
the trap door shut on the bears
I took the long off 149.20 . now seems to be stalling
Blogging daily now at www.volume.zone
- #134,716
- Nov 11, 2008 6:21pm Nov 11, 2008 6:21pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
let's see how it plays out, if 149 holds.
oops wrong chart.
oops wrong chart.
- #134,717
- Nov 11, 2008 6:27pm Nov 11, 2008 6:27pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #134,718
- Nov 11, 2008 6:27pm Nov 11, 2008 6:27pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
let's see how it plays out, if 149 holds.
oops wrong chart.
But there is a possibility going straight to 154 w/o much retrace ..
- #134,719
- Nov 11, 2008 6:30pm Nov 11, 2008 6:30pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I tend to agree with you bro .. cool
But there is a possibility going straight to 154 w/o much retrace ..
if only it were that easy
I see 2 good upside targets using fib retracement confluences
151 and 152.2
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