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  • #566,061
  • Nov 25, 2011 10:08am Nov 25, 2011 10:08am
Quoting KillerWhale
Lol, you have never seen a complete trend reversal without any divergence?


Well, I feel safe to say:

If you have seen a reversal without divergence, you may have looked at the wrong TF
  • #566,062
  • Nov 25, 2011 10:17am Nov 25, 2011 10:17am
stopped out! Looking for a re-entry if conditions are right.
  • #566,063
  • Nov 25, 2011 10:19am Nov 25, 2011 10:19am
Quoting korio2008
hi, newbie here

please euro up up up
Your entry is 5 bars late, whatever the tf you're looking at.
  • #566,064
  • Nov 25, 2011 10:28am Nov 25, 2011 10:28am
Quoting infinitus
Well, I feel safe to say:

If you have seen a reversal without divergence, you may have looked at the wrong TF
Trends can change without divergence.
  • #566,065
  • Nov 25, 2011 10:29am Nov 25, 2011 10:29am
Quoting mrfxlee
it is pushing down right now. Resistance is still holding ? Sellers are fighting back ?
Just keep in mind that the support on the daily chart is in the 1.31's. It seems obvious that it will test this support developed in September.
Taigen Profit This Month: na
  • #566,066
  • Nov 25, 2011 10:36am Nov 25, 2011 10:36am
As we can see from the chart,as I say during my previous post Asian session,EU did really touched 1.3210 as its support then up bounce back.If the market able to break 1.3210,keep on eye :

1) Support Level - 1.3188 (2nd Support )

However,if the market break and return back into the Triangle pattern,we might expect the Down Trend is over.Beware of False Signal.

Lets wait and see


Twinsummit
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 1.0.gif Size: 71 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #566,067
  • Nov 25, 2011 10:38am Nov 25, 2011 10:38am
Quoting pkimnyc
Trends can change without divergence.
Try MTF trading and you see what I mean........

I can imagine missing divergence when important news drop unexpectedly on earth, but I think even then you can see divergences on 10, 20, 30 sec, 1min Charts (minimum)
  • #566,068
  • Nov 25, 2011 10:42am Nov 25, 2011 10:42am
Quoting infinitus
Try MTF trading and you see what I mean........

I can imagine missing divergence when important news drop unexpectedly on earth, but I think even then you can see divergences on 10, 20, 30 sec, 1min Charts (minimum)
Y. Mtf. Some reversals happen without divergence.
  • #566,069
  • Edited 11:01am Nov 25, 2011 10:45am | Edited 11:01am
Quoting fontu
seeing 3297 also broken & now may retrace towards 3262 to up further & so will next important level 3316 to have any short entry or up 3343 .scalping may take next up 3290 or up ok for me to short & see , to have 3261 play also ok then, 3241 better .
waiting
fontu
spo a better development , near 3241 , will watch it breaks or not , if breaks then will wait for 3224 or low .M30,H1 favour some more low while m5 favour up . and afterall 3316 not broken for more correction up confirmation possible , so now more down possible befor go those up levels & this time low 3200 not able any stop but yet a good bounce can easily expect , should down 3165/48 . lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #566,070
  • Nov 25, 2011 10:46am Nov 25, 2011 10:46am
holy shit what just happened to EURCHF. lol
  • #566,071
  • Nov 25, 2011 10:49am Nov 25, 2011 10:49am
Quoting pkimnyc
Y. Mtf. Some reversals happen without divergence.
I think it is solely a matter of TF. When you do not see divergence, switch to smaller TF.

I mainly use Awesome oscillator for that purpose and I can not remember to have seen a reversal without divergence. It is the nature of waves.

But maybe you have a point in Gold, since in Gold oftentimes the most momentum occurs in wave 5's
  • #566,072
  • Nov 25, 2011 10:54am Nov 25, 2011 10:54am
As we can see from the Gold chart now,Gold currently is above Monthly Pivot.If it able to remain above the Monthly as wel as Daily Pivot for a while,we might expect more Bullish.

However,if the market is under the Monthly Pivot and previous Support 1676.00,Brearish is valid.
Lets wait and see


Twinsummit
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Click to Enlarge Name: GOLD 1.0.gif Size: 72 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #566,073
  • Nov 25, 2011 11:00am Nov 25, 2011 11:00am
Quoting korio2008
hi, newbie here

please euro up up up
It sounds like you are looking for hope and change. I you fell for that one, you will lose.

The market will do what it does. We are given a few indicators along the way to help us to position. Hope will not 'will' the market to go up. Just ask Obama.

It goes up be careful. It goes down be careful and you should come out ahead.
Taigen Profit This Month: na
  • #566,074
  • Nov 25, 2011 11:10am Nov 25, 2011 11:10am
Your 1.3165 level may be seen today.

Quoting fontu
spo a better development , near 3241 , will watch it breaks or not , if breaks then will wait for 3224 or low .M30,H1 favour some more low while m5 favour up . and afterall 3316 not broken for more correction up confirmation possible , so now more down possible befor go those up levels & this time low 3200 not able any stop but yet a good bounce can easily expect , should down 3165/48 . lets see .
fontu
  • #566,075
  • Nov 25, 2011 11:15am Nov 25, 2011 11:15am
Is bearish still valid...?
  • #566,076
  • Nov 25, 2011 11:19am Nov 25, 2011 11:19am
Quoting silentrader
Is bearish still valid...?
Difficult answer but go retrospective , look any validity for bull , if no then bear still perfect /valid .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #566,077
  • Nov 25, 2011 11:23am Nov 25, 2011 11:23am
Quoting infinitus
I think it is solely a matter of TF. When you do not see divergence, switch to smaller TF.

I mainly use Awesome oscillator for that purpose and I can not remember to have seen a reversal without divergence. It is the nature of waves.

But maybe you have a point in Gold, since in Gold oftentimes the most momentum occurs in wave 5's
Whatever the case maybe... I don't solely look for divergence for my trades. There are other things that matter the most.
  • #566,078
  • Nov 25, 2011 11:23am Nov 25, 2011 11:23am
Thanks fontu
  • #566,079
  • Nov 25, 2011 11:28am Nov 25, 2011 11:28am
Quoting silentrader
Is bearish still valid...?
Depends on where and when you were talking about the validation of bearish. It's riskier now... London closed. Ny still thin market. If you were not on board, don't chase it. It's Friday. I'm closing my books as well.
  • #566,080
  • Nov 25, 2011 11:34am Nov 25, 2011 11:34am
Quoting fontu
spo a better development , near 3241 , will watch it breaks or not , if breaks then will wait for 3224 or low .M30,H1 favour some more low while m5 favour up . and afterall 3316 not broken for more correction up confirmation possible , so now more down possible befor go those up levels & this time low 3200 not able any stop but yet a good bounce can easily expect , should down 3165/48 . lets see .
fontu
fontu .. thanks,,
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