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  • #220,881
  • Apr 6, 2010 6:45am Apr 6, 2010 6:45am
Quoting jsspmk
I do use MACD & RSI too
Bearish divergence (weakness of the trend).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 101 KB
  • #220,882
  • Apr 6, 2010 6:48am Apr 6, 2010 6:48am
Quoting AMuharram
That is very true, i mainly depend on PA and candlesticks to try understand the behavior of the price, however, the divergence is a very powerful tool that i find to be very useful in combination with candlesticks or whatever else your technique is.
I agree with you. But somebody needs only MA-s, somebody needs Ichi, somebody only PA, etc.
I need macd and divergences.

Peace.
  • #220,883
  • Apr 6, 2010 6:50am Apr 6, 2010 6:50am
Quoting RussoS
Bearish divergence (weakness of the trend).
That is a very отличный example of a divergence that is in line with the main trend. The main issue is how limited the move has a likelihood of being. Within a trend it is likely to expect a larger oscillation, then against the trend. There are times of course when a divergence against the main trend has lucrative odds, when price shows signs of trend exhaustion.
Prices oscillate, trends persist. Trend is your friend.
  • #220,884
  • Apr 6, 2010 6:51am Apr 6, 2010 6:51am
market is hesitating - anxious for any clues - waiting for signals - maybe from FOMC MEETING later then.


nix los hier - dann eben wieder SCALPING MODUS and range trading.


bitte schön - könnt Ihr so haben - so what.


mir doch egal.

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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #220,885
  • Apr 6, 2010 6:54am Apr 6, 2010 6:54am
Quoting RussoS
Bearish divergence (weakness of the trend).

Ain't no bearish divergence on my H4 chart.
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  • #220,886
  • Apr 6, 2010 6:55am Apr 6, 2010 6:55am
Quoting AMuharram
Ain't no bearish divergence on my H4 chart.
Because he has MACD's histogram & you have MACD without histogram. Simples!
Prices oscillate, trends persist. Trend is your friend.
  • #220,887
  • Apr 6, 2010 6:56am Apr 6, 2010 6:56am
A bounce off the pivot... again.

Patterns, patience and repeatable trades.

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  • #220,888
  • Apr 6, 2010 6:58am Apr 6, 2010 6:58am
who hoo we actually made it below3400 my low is to the pip 3396=fib 23% from march low. Pending sell still waiting at 3390 for 3375, so back to train patience, its a good skill to be perfect in.
cu laters
T.Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #220,889
  • Apr 6, 2010 7:00am Apr 6, 2010 7:00am
Quoting jsspmk
That is a very отличный example of a divergence that is in line with the main trend. The main issue is how limited the move has a likelihood of being. Within a trend it is likely to expect a larger oscillation, then against the trend. There are times of course when a divergence against the main trend has lucrative odds, when price shows signs of trend exhaustion.
You are right. But, "The trend is your friend", and its not the best way to be succesfull, to open positions again the current trend.

And - the most important thing IMO - you can use the divergences ONLY with S/R!
  • #220,890
  • Apr 6, 2010 7:01am Apr 6, 2010 7:01am
Quoting jsspmk
That is a very отличный example of a divergence that is in line with the main trend. The main issue is how limited the move has a likelihood of being. Within a trend it is likely to expect a larger oscillation, then against the trend. There are times of course when a divergence against the main trend has lucrative odds, when price shows signs of trend exhaustion.
Exactly, and the divergence where the main trend is likely to continue is called reverse or hidden. Ill post pictures later..
  • #220,891
  • Apr 6, 2010 7:02am Apr 6, 2010 7:02am
Quoting AMuharram
Ain't no bearish divergence on my H4 chart.
Yes, I have MACD with histogramm. This is IMO better than simple MACD.
Attached File(s)
File Type: mq4 MACD with Crossing.mq4   2 KB | 298 downloads
  • #220,892
  • Apr 6, 2010 7:03am Apr 6, 2010 7:03am
Quoting jsspmk
That is a very отличный example of a divergence that is in line with the main trend. The main issue is how limited the move has a likelihood of being. Within a trend it is likely to expect a larger oscillation, then against the trend. There are times of course when a divergence against the main trend has lucrative odds, when price shows signs of trend exhaustion.
Here is current Daily chart, it is rather easy to see that trend exhaustion may be occurring near the apex of that wedge, it being 1.3 it has confluence with a major weekly level of support from April 2009.
Attached Image
Prices oscillate, trends persist. Trend is your friend.
  • #220,893
  • Apr 6, 2010 7:03am Apr 6, 2010 7:03am
Quoting Trading Cat
who hoo we actually made it below3400 my low is to the pip 3396=fib 23% from march low. Pending sell still waiting at 3390 for 3375, so back to train patience, its a good skill to be perfect in.
cu laters
T.Cat

Exactly CAT - but I picket up one pos. at 3399 there. Mal gucken - let's see how it goes there.
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #220,894
  • Apr 6, 2010 7:07am Apr 6, 2010 7:07am
Quoting mercy seat
Exactly CAT - but I picket up one pos. at 3399 there. Mal gucken - let's see how it goes there.
Viel glück- good luck hope it works out for you. In any case it depends on the sl you put in place if any... I do not have a crystal ball, but I am able to read charts (at least I am telling that myself ) and from that I could see € down to 3375 and 3345. Only trouble I have is we are below S2 which makes the whole exercise a little tricky.

here some stuff from the news feed:

EURO-DOLLAR: Trades back toward earlier lows at $1.3400, with traders
noting demand into this level with stops noted on a break below. Next
support seen at $1.3380 with talk of larger stops through $1.3370.
Resistance $1.3420/25.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #220,895
  • Apr 6, 2010 7:08am Apr 6, 2010 7:08am
Quoting T@rantula
Exactly, and the divergence where the main trend is likely to continue is called reverse or hidden. Ill post pictures later..
Two hidden bearish divergences with macd.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.png Size: 29 KB
  • #220,896
  • Apr 6, 2010 7:16am Apr 6, 2010 7:16am
Down trend on 4 hour chart in full swing IMO
Prices oscillate, trends persist. Trend is your friend.
  • #220,897
  • Apr 6, 2010 7:17am Apr 6, 2010 7:17am
Quoting jsspmk
Here is current Daily chart, it is rather easy to see that trend exhaustion may be occurring near the apex of that wedge, it being 1.3 it has confluence with a major weekly level of support from April 2009.
  • #220,898
  • Apr 6, 2010 7:17am Apr 6, 2010 7:17am
Here we go below 1.3395...next target is 1.3360...then i'll target new lows
COT: The precious data ignored
  • #220,899
  • Apr 6, 2010 7:19am Apr 6, 2010 7:19am
At Daily 31/03 possible support (low) bounce not improbable, but strength of trend ought to prevail & lower prices are very likely.
Prices oscillate, trends persist. Trend is your friend.
  • #220,900
  • Apr 6, 2010 7:19am Apr 6, 2010 7:19am
short 3390 for3375 sl 3420 entered through pending and would like to exit through limit.
Trade on your own risk Plan your trade&trade your plan dont be a
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