Nice
That 5m pin with div would have done the job too. Also nice touch on the 4hr support.
I got out at +20 for 2R, impatient me!
Yea, the high TFs entry was cool, glad you made some pips
BTW, that pin you have pointed out has zero div in my book
james16 Chart Thread
- #47,541
- Nov 4, 2009 11:02am Nov 4, 2009 11:02am
Yea, the high TFs entry was cool, glad you made some pips
BTW, that pin you have pointed out has zero div in my book
- #47,542
- Nov 4, 2009 11:06am Nov 4, 2009 11:06am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Yea, the high TFs entry was cool, glad you made some pips
BTW, that pin you have pointed out has zero div in my book
Waiting on your PM
Mike
- #47,543
- Nov 4, 2009 11:28am Nov 4, 2009 11:28am
Hey Mike,
The picture below is that pin on closed line chart.
The RSI showing information based ONLY on the points where the bars|candles CLOSE. That is why I want to compere it with chart which shows where the price closes (a close chart line, or just pull the dive lines between the close points of the bars on your chart).
If you pull the div line between the LOWS of the bars, so you must use an indicator which is based on the lows of the bars, and not on the close points. That is real div IMO. Maybe I'm a freak, but I follow logic
BTW, there is a chance that a RSI that is based on the low of the bars is still showing div, so in this situation there will be div, but I just don't like changing it all the time (it's like searching for a reason to trade).
BTW, I saw now that this specific bar did have div with the RSI based on the low point, Artov . But you have checked that bar with a closed RSI setting.
If you have also checked it with a low based RSI separately, my apologize brother
PS- PM? about the EA? I still didn't start writing it down.
PSS - ARTOV, THAT IS JUST MY OPINION. IF YOU HAVE A DIFFERENT WAY TO SPOT DIV AND IT I WORKING, GO AHEAD BRO
The picture below is that pin on closed line chart.
The RSI showing information based ONLY on the points where the bars|candles CLOSE. That is why I want to compere it with chart which shows where the price closes (a close chart line, or just pull the dive lines between the close points of the bars on your chart).
If you pull the div line between the LOWS of the bars, so you must use an indicator which is based on the lows of the bars, and not on the close points. That is real div IMO. Maybe I'm a freak, but I follow logic
BTW, there is a chance that a RSI that is based on the low of the bars is still showing div, so in this situation there will be div, but I just don't like changing it all the time (it's like searching for a reason to trade).
BTW, I saw now that this specific bar did have div with the RSI based on the low point, Artov . But you have checked that bar with a closed RSI setting.
If you have also checked it with a low based RSI separately, my apologize brother
PS- PM? about the EA? I still didn't start writing it down.
PSS - ARTOV, THAT IS JUST MY OPINION. IF YOU HAVE A DIFFERENT WAY TO SPOT DIV AND IT I WORKING, GO AHEAD BRO
- #47,545
- Nov 4, 2009 11:44am Nov 4, 2009 11:44am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hey Mike,
The picture below is that pin on closed line chart.
The RSI showing information based ONLY on the points where the bars|candles CLOSE. That is why I want to compere it with chart which shows where the price closes (a close chart line, or just pull the dive lines between the close points of the bars on your chart).
If you pull the div line between the LOWS of the bars, so you must use an indicator which is based on the lows of the bars, and not on the close points. That is real div IMO. Maybe I'm a freak, but I follow logic
BTW,...
Yes the EA
Mike
- #47,546
- Nov 4, 2009 11:50am Nov 4, 2009 11:50am
OK, you just use the close. But Artov still has divergence on his chart. As long as your oscillator is doing opposite of price no matter what oscillator you use it is technically diverging.
Yes the EA
Mike
ok, so I'm just more picky, and sorry for the ramble artov
PM on the way
hi,
i'd just like to know comments from u guys on the bearish bar that formed yesterday in terms of location...
thanks!!!
It is possibly forming a pin (too early to tell) at 1.06, a pivot area on the daily. I would want to see a break north of 1.07 before I would enter (if it closes as a pin). If tomorrow it can't break 1.07 or crashes through 1.06 then I would expect some downward momentum to continue.
I will let price action (or reaction) dictate, but my bias is still long. Not sure that helped or even answered your question..........
Nathan
- #47,553
- Nov 4, 2009 2:26pm Nov 4, 2009 2:26pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
