i'm short on gbp usd.
divergence nzd usd too.
divergence nzd usd too.
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 PurePrice,
Just a comment off the topic but are you the same PurePrice that competed in the Sure Fire Trading Challenge a while back? If you are then how did you make out there? I was cheering for you....Why? because I'm originally from Vancouver, yup another Canuck!
Nice simple system you have here and we haven't even talked about hidden RSI divergence yet showing trend continuation patterns
Good Stuff..... T-WolfIgnored
DislikedHi
The one hour candle just closed, looks like it is not a bearish candle. But RSI did not make any new high.
So, waiting for a bearish candle formation and if it does, may be then the divergence can be played.
thanksIgnored
DislikedYes, we have what looks like divergence on NU, RSI in overbought area, but no bearish candle formation. Being the Tokyo session, this will be slow moving but who knows, this might surprise us.Ignored
DislikedHi Pureprice and all,
I found your system just the other day and I must say its the most brilliant and simple to understand divergence system I have seen, this one will really entice me onto longer time frames. So well done and thank you PurePrice and others for your contributions.
Was wondering at 1 on my chart do you consider flat RSI to be a valid signal, it did produce a nice trade of 92 pips, but is this coincidence, do you prefer the RSI to be sloping down for short or is flat ok.
I traded the Aussie down (2 on chart) last night altho...Ignored
DislikedHi Kempo,
I would like to clarify where the divergence in nzd usd is? I could not find any. Can you please post the chart, if you can, please.
Also, there is no bearish candle stick price action.
On eurusd, there is a bearish railroad track, well, almost.
Can you please explain nzd usd?
thanksIgnored
DislikedDivergence is a great leading indicator if used correctly, but i`ve noticed most people read the oscillators wrong..
If your oscillator is set to "close" then you must measure the closing price of the bar not the high/low of the bar.
Easy mistake, done loads myself. Hope that makes sense.Ignored