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EASY H1 trading using divergence and candle sticks

  • #341
  • Apr 16, 2012 1:29am Apr 16, 2012 1:29am
Divergence on Aussie and Pound. I have entered both but might be a tad early.
Attached Image (click to enlarge)
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  • #342
  • Apr 16, 2012 1:37am Apr 16, 2012 1:37am
I had entered the Aussie also. Just triggered and and then headed back down, so hopefully it regains its footing here soon.

Cheers,
Scott

Quoting julie1585
Divergence on Aussie and Pound. I have entered both but might be a tad early.
Prices are never too high to begin buying or too low to begin selling.
  • #343
  • Apr 16, 2012 5:06am Apr 16, 2012 5:06am
Hello !

Divergence on eur/aud.
I wait a candelstick pattern for enter.
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud 1h.jpg Size: 91 KB
  • #344
  • Apr 16, 2012 5:30am Apr 16, 2012 5:30am
divergence usd chf
Attached Image (click to enlarge)
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  • #345
  • Apr 16, 2012 6:06am Apr 16, 2012 6:06am
Well USDCHF is entered but I'm not happy with the close of the last bar. A hammer at my entry does not bode well for my short position.

I had a buy order placed on the EURAUD but cancelled it after the bar closed slightly shy of the open of the bar before it. I wanted to see a full bearish engulfing bar but I'll wait and see how this next bar closes.

In the interests of identifying more possible trading opportunities I've checked just about every pair and am watching for possible long positions on EURCAD and NZDUSD, and possible shorts on CADCHF and GBPNZD. So far all of them are very questionable and would take a clear setup for me to take them.
  • #346
  • Apr 16, 2012 6:14am Apr 16, 2012 6:14am
hi,
pairs are dropped well on friday,its still in downtrend ,i too saw divergence but i dont like to take trade against downtrend and major news is on spot.
  • #347
  • Apr 16, 2012 7:34am Apr 16, 2012 7:34am
Quoting vasude
hi,
pairs are dropped well on friday,its still in downtrend ,i too saw divergence but i dont like to take trade against downtrend and major news is on spot.

Hi,

good decision,.

i agree with you
  • #348
  • Apr 16, 2012 7:46am Apr 16, 2012 7:46am
COngrats on the system
I started to testing, had a look at historical data on about 20 pairs, and this gives as abou 3.7 signal per day since jan 2012. That is quite amazing.
Have a look I think it is a really nice setup

http://s11.postimage.org/det91h7ir/nzdusd.gif
jpg upload

Edit
I have noticed AUD/USD gives most signals among other pairs
swing it!
  • #349
  • Apr 16, 2012 7:53am Apr 16, 2012 7:53am
Also quite strange/amazing If you look at the charts on friday and you see div, there is a BIG chance we will open with gap on monday. Go through your past charts and see it for yourself.
swing it!
  • #350
  • Apr 16, 2012 7:54am Apr 16, 2012 7:54am
Quoting vasude
hi,
pairs are dropped well on friday,its still in downtrend ,i too saw divergence but i dont like to take trade against downtrend and major news is on spot.
But surely thats the point of divergence, you are always going to be going against the prevailing trend. Staying out because of news is sensible, otherwise surely just look for hidden divergence instead which should get you back into the prevailing trend.
  • #351
  • Apr 16, 2012 8:05am Apr 16, 2012 8:05am
I am going for it

Buy 08196
SL 08174
TP1 08247 I will see what will happen to candles @ this level
TP2 08300

Reason:
1. Nice bullish engulfing pattern
2. 200SMA acting as a support lol
3, End of the drop from 0,8300


http://s15.postimage.org/phnqe21gb/nzdusd.gif
adult image hosting
swing it!
  • #352
  • Apr 16, 2012 8:36am Apr 16, 2012 8:36am
Just an update. This trade ended up working out fine. Hit full TP1 5 bars after entry for a nice 3% gain on live account. Still just shooting for TP1 at this point.

Scott

Quoting thehenryfam
I had entered the Aussie also. Just triggered and and then headed back down, so hopefully it regains its footing here soon.

Cheers,
Scott
Prices are never too high to begin buying or too low to begin selling.
  • #353
  • Apr 16, 2012 9:06am Apr 16, 2012 9:06am
Quoting tomspin
I am going for it

Buy 08196
SL 08174
TP1 08247 I will see what will happen to candles @ this level
TP2 08300

Reason:
1. Nice bullish engulfing pattern
2. 200SMA acting as a support lol
3, End of the drop from 0,8300

I'm on it, nice bullish divergence in H4:
Attached Image (click to enlarge)
Click to Enlarge Name: nzd usd h4.jpg Size: 91 KB
  • #354
  • Apr 16, 2012 10:51am Apr 16, 2012 10:51am
Activated sell on the audusd imo

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #355
  • Apr 16, 2012 10:57am Apr 16, 2012 10:57am
Hi,

I've done two trades with this system, and both worked against me. I think I have to analyze more my charts. But please, keep alerting of new trade setups, so that we can get more confidence in the analysis and the system.

Thanks!
  • #356
  • Apr 16, 2012 10:59am Apr 16, 2012 10:59am
cad jpy h1
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  • #357
  • Apr 16, 2012 10:59am Apr 16, 2012 10:59am
Is anyone using FXCM Trading Station? I think the question has been given previously, but in this platform, I have the RSI indicator getting the CLOSE information. Is this ok, or do I have to change it to HIGHEST point, LOWEST point or MEDIAN??

Thanks in advance.
  • #358
  • Apr 16, 2012 11:09am Apr 16, 2012 11:09am
close
  • #359
  • Apr 16, 2012 11:18am Apr 16, 2012 11:18am
Hey Kempo
How is your nzd goes? mine was stoped, Like cad/jpy I am also long on geepy. I found it usefull to go through all TF from 1H up sometimes H4 shows signal when there is nothing on H1. Same rules just different TF
swing it!
  • #360
  • Apr 16, 2012 11:33am Apr 16, 2012 11:33am
hey tomspin;

I am on nzd .
Here i work in H4... my stop loss is 81,50.

for cad jpy, i'm long too.

Yes, sometimes you have nothing in h1 but in h4 yes, and dayli too.

Example for cad jpy, see divergence in h1, h4, and dayli. (for dayli, the candelstick must be closed like PURE PRICE said).
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