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Thanks zee, Mine was applied to the low ... what are the right settings for divergence identification ?

Quoting zee
RSI is usually calculated on close price (check your setting). So using the wick for divergence can be misleading in my opinion.
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
Diamond, on your Aud trade, i saw that too, but i did not take it because the price didn't break the high by a pip in first two candles. And when i add the spread it definitely didn't take me in. Do you add one pip plus your spread for an entry level? That would typically require two to three pips above the setup candle high...
Quoting diamonddbw
Yellow entry, Green profit, Red Stop, +11.6. Textbook.
hi diamond
not to argue, but if the yellow was the entry i think it wasnt exactly by the rules - not to make them the only thing cast in the stone though.
i think if by the rules, the entry would be on that black vertical line if it went 1 pip over the previous doji's top wick - which closed on cci over +50. thats how i understand it, pls fix me if i am wrong ;-)
and that post i posted before was usd/chf ,,3 days in 70 pips range,
cheers
making money in JimB2468 trading room
Hey Divergence and Diamond

A big thank you to you both for the videos! They are great!

All the very best to you.
Quoting trzcinek
Thanks zee, Mine was applied to the low ... what are the right settings for divergence identification ?
I'm not sure. Mine is set to Close. I think it works fine, just be careful with the wicks
Quoting patient pip
hi diamond
not to argue, but if the yellow was the entry i think it wasnt exactly by the rules - not to make them the only thing cast in the stone though.
i think if by the rules, the entry would be on that black vertical line if it went 1 pip over the previous doji's top wick - which closed on cci over +50. thats how i understand it, pls fix me if i am wrong ;-)
and that post i posted before was usd/chf ,,3 days in 70 pips range,
cheers
Hey PP,

That's the way I am seeing it also...could be wrong.

Jon
Div, i need some clarification for entry method when buying. Do you enter when price exceeds high of setup candle by 1 pip?, or do you enter when price exceeds setup candle by 1 pip PLUS the spread? This would require price to exceed the setup candle by two to three pips before entering in most cases.
thanks
1 pjp above setup bar chart is ugly though we r in uptrend its not trending at the moment all action was inside the 1 spike bar
I took this trade and it lost, I still believe it met all rules, but we may be at a turning point in price

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Quoting FXwest
I took this trade and it lost, I still believe it met all rules, but we may be at a turning point in price

Attachment
I see huge divergence on both the M15 and H1 charts, so I haven't taken any longs this morning.

Just my 2 cents!
Quoting FXwest
I took this trade and it lost, I still believe it met all rules, but we may be at a turning point in price

Attachment
Divergence answered this with his previous post a few minutes ago. Yes, uptrend but very choppy right now. Not the time to take a trade when the chart looks like my 3 year old scribbled on it. Just my thought.
Quoting FXwest
I took this trade and it lost, I still believe it met all rules, but we may be at a turning point in price
the set up was ok, but it was 5 minutes before a new, so i didn t take it..
watched that one as well but stayed out because of the recent resistance at that level

http://img856.imageshack.us/img856/2328/flag3.jpg
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It looks like an aggressive trend change would be around 4200 and a more conservative change around 4140. Anyone else have thoughts on this?
At which level does your sell zone (downtrend) starts ?

I would say 1.42210, but not sure about that ...
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
Quoting specracer
It looks like an aggressive trend change would be around 4200 and a more conservative change around 4140. Anyone else have thoughts on this?
I agree with these.
Looks to me that the 10 SMA has been pointing down for sometime. Should have a nice angle up for a buy.

Just my opinion.
Quoting trzcinek
At which level does your sell zone (downtrend) starts ?

I would say 1.42210, but not sure about that ...
4212 for me
Quoting Delite
I agree with these.
Same.

Really looking for it to break the 1.4140 area to say it is a downtrend overall. If it breaks the 1.4200 and then re-tests and goes down, maybe time for some short positions. But still "counter trend" in my mind until it goes past 1.4140 or tests and goes back up.
good thoughts, thanks
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