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  • #263,121
  • Jun 24, 2010 7:51pm Jun 24, 2010 7:51pm
MAN you are on the right side, PA, Div, S/R


Quoting T@rantula
Sometimes i take a position when its only a POSSIBLE forming of divergence when it hs not been confirmed yet... Well I dont base my entries on divergences, they give me a direction cue, and I enter a position watching s/r levels and pp
Follow the Trend, thats all
  • #263,122
  • Jun 24, 2010 7:53pm Jun 24, 2010 7:53pm
i guess it will drop if he can pass 2305 level. if he touch 2320, then it should be up..
If only,.....
  • #263,123
  • Jun 24, 2010 7:54pm Jun 24, 2010 7:54pm
Quoting pauly
Hi

1 1/2 years ago, I was married to OSMA_DIV


it only worked on h4 for me!! but that was too slow 4 me.

What is OSMA?
  • #263,124
  • Jun 24, 2010 7:54pm Jun 24, 2010 7:54pm
Quoting pauly
MAN you are on the right side, PA, Div, S/R
Hehe i m trying to be...thou not always as it is impossible but I try to do my best.DONT FORGET proper MM. Its a very important part of trading.
  • #263,125
  • Jun 24, 2010 7:55pm Jun 24, 2010 7:55pm
Quoting T@rantula
Ok many ppl asked why I took a short position when were clearly in an uptrend correction.

Id try to be as short as possible in explanation. Look at those charts. There is a clear bullish hidden divergence on H1 and hidden bearish divergence on h4. Im talking about OSMA divergences.
OSMA stands for Oscillator of Moving Average. When Osma increases it is a good buy signal and vice versa. Difference between PA and OSMA is called divergence as pictured in chart and is considered a good reversal or continuing signal

On H1 there is reverse bullish...
how do you know the momentum is truly fading when current charts that show a fading oscillator as we enter quiet market hours? i mean is there another method you use to confirm this?
  • #263,126
  • Jun 24, 2010 7:56pm Jun 24, 2010 7:56pm
will this diamond sparkle.!
Attached Image (click to enlarge)
Click to Enlarge Name: euro20.gif Size: 17 KB
  • #263,127
  • Jun 24, 2010 7:57pm Jun 24, 2010 7:57pm
Quoting jaylovin
how do you know the momentum is truly fading when current charts that show a fading oscillator as we enter quiet market hours? i mean is there another method you use to confirm this?
Candlesticks
ブードゥー教
  • #263,128
  • Jun 24, 2010 7:59pm Jun 24, 2010 7:59pm
M2 tap and bounce at 2296 to the pip. carefully watching whatever comes next... follow thru to the downside or retrace...
FUBAR...
  • #263,129
  • Jun 24, 2010 8:00pm Jun 24, 2010 8:00pm
Quoting ak4x
M2 tap and bounce at 2296 to the pip. carefully watching whatever comes next... follow thru to the downside or retrace...
ブードゥー教
  • #263,130
  • Jun 24, 2010 8:00pm Jun 24, 2010 8:00pm
HAHA I know it sounds like a terrorist, well .... my last wife.


GOOGLE it, and check it out on h4




Quoting msj_rs
What is OSMA?
Follow the Trend, thats all
  • #263,131
  • Jun 24, 2010 8:01pm Jun 24, 2010 8:01pm
be careful of 2285 and 2298.. if this bounce atm don't go to far.
those who can, do. those who cant, talk about those who can
  • #263,132
  • Jun 24, 2010 8:01pm Jun 24, 2010 8:01pm
Quoting jaylovin
how do you know the momentum is truly fading when current charts that show a fading oscillator as we enter quiet market hours? i mean is there another method you use to confirm this?
Momentum,OBV and Volume indicators
  • #263,133
  • Jun 24, 2010 8:03pm Jun 24, 2010 8:03pm
Quoting grandpost
i would wait for 2 hours and 15 min before selling ......
glad i jumped the gun then back up a'rd 2363 and 2353...
FUBAR...
  • #263,134
  • Jun 24, 2010 8:04pm Jun 24, 2010 8:04pm
Quoting msj_rs
What is OSMA?
histogram macd indicator.....I use it with roc7 on hourly and stochastic....to see contrarian move....

usually when all 3 are in overbought/oversold condition we expect a correction....
  • #263,135
  • Jun 24, 2010 8:07pm Jun 24, 2010 8:07pm
hammer on m5
ブードゥー教
  • #263,136
  • Jun 24, 2010 8:07pm Jun 24, 2010 8:07pm
Quoting Voodoo
Candlesticks
candlesticks won't show much either in quiet sessions... there's hardly any volume being traded... but divergences and candles can give false interpretations based on market hours i would have thought..
  • #263,137
  • Jun 24, 2010 8:08pm Jun 24, 2010 8:08pm
Okay bounce over. Right?
  • #263,138
  • Jun 24, 2010 8:10pm Jun 24, 2010 8:10pm
Quoting jaylovin
candlesticks won't show much either in quiet sessions... there's hardly any volume being traded... but divergences and candles can give false interpretations based on market hours i would have thought..
you can use candlesticks with indicators to have better view with s/r
ブードゥー教
  • #263,139
  • Jun 24, 2010 8:11pm Jun 24, 2010 8:11pm
Quoting grandpost
histogram macd indicator.....I use it with roc7 on hourly and stochastic....to see contrarian move....

usually when all 3 are in overbought/oversold condition we expect a correction....
Cool! I only use stochastic... I'll try the others!
  • #263,140
  • Jun 24, 2010 8:11pm Jun 24, 2010 8:11pm
candles need to show a prior trend before showing a reversal............there are no VOLUME in FOREX.....There is momentum.......divergence don't lie, you just need to know how to use them and have experience.....a little elliott would help

Quoting jaylovin
candlesticks won't show much either in quiet sessions... there's hardly any volume being traded... but divergences and candles can give false interpretations based on market hours i would have thought..
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