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EASY H1 trading using divergence and candle sticks

  • #241
  • Apr 11, 2012 6:38am Apr 11, 2012 6:38am
Quoting Stemtrade
Yeah they both look promising trades. Im new to this thread and the RSI Divergence system, but it looks very promising.

How are you guys getting on with it?

What the win/loss ratio like?

Im looking forward to getting involved in this thread and sharing alerts etc...

Think Im gonna jump in on the EURUSD

Good luck
This system is excellent. I am only able to trade it infrequently or in the evenings in the UK as I hold down a full time job. But man master this and you will be 'stemming' some serious pips

Olu
If you think you can or cannot do it you are correct
  • #242
  • Apr 11, 2012 7:09am Apr 11, 2012 7:09am
Sounds Good Olu

Do you think the GBPUSD is also now a potential setup??
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD DIVERGENCE SETUP.jpg Size: 134 KB
  • #243
  • Apr 11, 2012 7:12am Apr 11, 2012 7:12am
Quoting Olu
This system is excellent. I am only able to trade it infrequently or in the evenings in the UK as I hold down a full time job. But man master this and you will be 'stemming' some serious pips

Olu
Where abouts are you in the Uk? Im in Leeds. Ive been trading full time for 6 months with no real consistency yet. I have done many courses but am still looking for regular results

What the best time to trade this method?
  • #244
  • Apr 11, 2012 7:12am Apr 11, 2012 7:12am
Thanks for posting guys. All setups have been valid and looked great.

Now we have usdchf, eurusd and gbpusd looking for potential trades. It looks like we have divergence already and we need to break the low/high of the pinbar candles on the eurusd and usdchf to trigger those trades. The gbpusd setup has a bearish engulfing candle close and we need to beark the low of that candle to trigger a short. I usually use about 5 pips buffer for my entry.

Good luck traders!!!
  • #245
  • Apr 11, 2012 7:15am Apr 11, 2012 7:15am
Its already triggered me in. I only use 2 pips.

Fingers crossed!!
  • #246
  • Apr 11, 2012 8:08am Apr 11, 2012 8:08am
Can you guys who have been using this system tel me where you would take profit on the current GBPUSD trade.

Is it just above the next round number of 1.5850? Would you scale half out at this level and then maybe half out at the previous days low? Do you think it will make the previous days low?

Would you guys even scale out at all and just take out all profit in one go?

Opinions appreciated

Stemtrade
  • #247
  • Apr 11, 2012 8:24am Apr 11, 2012 8:24am
Quoting Stemtrade
Where abouts are you in the Uk? Im in Leeds. Ive been trading full time for 6 months with no real consistency yet. I have done many courses but am still looking for regular results

What the best time to trade this method?
I am in Essex UK. What we need for this trade to work is momentum. So I will take the trades during the Europe and US sessions. Or if it is aud, jpy, nzd I can do it through the Asian hours

Wish you success in finding consistency. Its what every trader wants.
By the way the gbp trade is good once the low of the signal candle is broken

Olu
If you think you can or cannot do it you are correct
  • #248
  • Apr 11, 2012 8:36am Apr 11, 2012 8:36am
Thanks Olu

Yeah the signal bearish engulfing candles low was already taken out, so im in a short position. However my stop is been tested to the max as i write this post. Seems there is a lot of market confusion.

I was wondering if there was some kind of indicator or EA that alerts you when these trades set-up? It would be very handy and would make sure you got in on all possible trades.

Stemtrade
  • #249
  • Apr 11, 2012 8:40am Apr 11, 2012 8:40am
Quoting Olu
I am in Essex UK. What we need for this trade to work is momentum. So I will take the trades during the Europe and US sessions. Or if it is aud, jpy, nzd I can do it through the Asian hours

Wish you success in finding consistency. Its what every trader wants.
By the way the gbp trade is good once the low of the signal candle is broken

Olu
Olu. how do you know when there are set-ups in the asian session with you living in the UK. do you trade through the night?
  • #250
  • Apr 11, 2012 8:43am Apr 11, 2012 8:43am
hoping that this breaks through the trend line!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD FLAT TOP TRIANGLE.jpg Size: 137 KB
  • #251
  • Apr 11, 2012 9:01am Apr 11, 2012 9:01am
The stoploss of the trade (short eurusd) was threatened...

Now us oil is showing bearish divergence - short trade unconfirmed yet.

Olu
If you think you can or cannot do it you are correct
  • #252
  • Apr 11, 2012 10:17am Apr 11, 2012 10:17am
Birkenhead, Merseyside, UK.. checkin in

Took two trades using this system - I love divergences if you play them right you can earn big pips. Im still trying to get to grips with this system but here are my entrys....

AUD/USD

http://i899.photobucket.com/albums/a...k/swing1-1.png

CHF/JPY

http://i899.photobucket.com/albums/a...nuk/swing2.png

Comments welcome Thank you for such a great thread.
  • #253
  • Apr 11, 2012 10:20am Apr 11, 2012 10:20am
If you didnot take the EU or GU or UC trades earlier, consider the setups in NU and AU for now
  • #254
  • Apr 11, 2012 10:22am Apr 11, 2012 10:22am
consider this level seriously as price may bounce here. You may want to move to tight your SL or TP, it is up to you, but be cautious of this level
  • #255
  • Apr 11, 2012 10:24am Apr 11, 2012 10:24am
GU at 15900 and EJ at 106.00 may help the price go up also.
  • #256
  • Apr 11, 2012 10:46am Apr 11, 2012 10:46am
I was just going to post about the audusd possible short

I am happy we are all getting this. This strategy has earned a permanent place in my arsenal. The sheer simplicity of the system. A true KISS
If you think you can or cannot do it you are correct
  • #257
  • Apr 11, 2012 10:48am Apr 11, 2012 10:48am
Can i ask a simple question please? Are we determining exit/TP on previous S/R levels etc at our own personal discretion or would you suggest a set TP pip rate etc.... for example, close position at +50 whatever happens?
  • #258
  • Apr 11, 2012 10:50am Apr 11, 2012 10:50am
Hi,

Please see attached screen for nzdusd divergence. The RSI indicator showed a bearish divergence and I placed a sell after the hammer and made some profits.

The chart has both regular RSI and the RSI divergence indicator.

Can you please explain the indicator? Your indicator almost shows both BUY and SELL and it did not plot the latest divergence that is plotted in Yellow on the chart and on the regular RSI.

I am trying to understand your indicator, please explain.

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdpetrodivergenceindicator.jpg Size: 303 KB
  • #259
  • Apr 11, 2012 10:52am Apr 11, 2012 10:52am
Quoting Olu
I was just going to post about the audusd possible short

I am happy we are all getting this. This strategy has earned a permanent place in my arsenal. The sheer simplicity of the system. A true KISS
Couldnt agree more. Im loving this system. Simplistic yet powerful!!
  • #260
  • Apr 11, 2012 10:52am Apr 11, 2012 10:52am
Hi Pure Price,

Thank you for the nzd usd call. good one.

thank you so much for posting. I have asked my wife to look for your postings when I am at work.

thank you once again.

Keep it up.

thanks
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