Disliked@ PurePrice, I've dragged this from my chart it shows a move from the other day on EURUSD, notice the red lines drawn on, would you call this divergence?Ignored
Divergence and hidden Divergence 122 replies
Extracting Historical Prices but only certain Candle Sticks 0 replies
The Market Explained by candle sticks and price action 124 replies
High's and Lows of Candle Sticks 7 replies
Dislikedhi all
curious to know if this was/is a valid setup
a few bearish candles in there too now
AttachmentIgnored
DislikedGDR3k, I could be wrong here, and we definitely should have PP weigh in on this, but I don't typically draw my trend and divergence lines over such long periods (5 days) on an hourly chart. Seems if you go out that far, the information is probably less useful.
ScottIgnored
DislikedAye, I've never looked at using divergence before in my trading however this thread has changed that, I took a trade before on audusd showing divergence on the 30m.
USD CAD also showing divergence.Ignored
Disliked@ PurePrice, I've dragged this from my chart it shows a move from the other day on EURUSD, notice the red lines drawn on, would you call this divergence?Ignored
Dislikedhi all
curious to know if this was/is a valid setup
a few bearish candles in there too now
AttachmentIgnored
DislikedHi Pureprice, can you show me where is pinbar candle that you mean? I just want to be clear about pinbar candle in this case.Ignored
DislikedHi
Played a buy on today morning pinbar and with RSI divergence on NZDUSD. Currently on a loss, 3 bars after the trade.
RSI below 30, Pinbar, price followed 7 pips above the pinbar, took the buy trade.
Looks like the trade will go against us.
Any comments, advise, suggestions, reasons that i should have avoided the trade etc, welcome.
thanksIgnored
Dislikedthank you pure price.
Good explaination on Money Management.
I am not very concerned about the loss as I trade only Micro lots. Just wanted to confirm if I was trading it right.
Your reply gave me confidence because my entry was right. I am not too concerned about the loss.
Just wanted to confirm if I was trading right, in the first place.
I would rather take a small loss with right trading because there is always another trade.
thanksIgnored
DislikedGreat reply, Pure Price.
Full of confidence.
Great that you are helping traders and analyzing their trades and training them, helping them understand the divergence.
I really appreciate it.
thanksIgnored