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EASY H1 trading using divergence and candle sticks

  • #401
  • Apr 18, 2012 1:17pm Apr 18, 2012 1:17pm
Dear Traders of this awsome thread!

I want to share an indicator with you that I have found sometime over the Internet. Maybe you know it maybe you don't but it is very effective and useful. It puts your candles according to the RSI on your chart. It is great to see divergences and to see the strength of each candles.

I hope you will find it useful and will make many many pips for you.

Best Regards to all.

Attached File(s)
File Type: mq4 Rsi bar chart v2.01.mq4   4 KB | 731 downloads
  • #402
  • Apr 18, 2012 1:37pm Apr 18, 2012 1:37pm
Quoting panguFX
i took this trade on GU M30, what you think?

I generally would not go that far back to draw my divergence. I usually take the two most recent peaks/valleys to draw the lines between. In your case, you should likely look at H4 instead oh M30 if u want to go that far back
  • #403
  • Apr 18, 2012 1:38pm Apr 18, 2012 1:38pm
Quoting tomspin
Go back and look at your charts mate. Mark every div you can find and study PA at these points, pin bars hammers I found railway track very often gives us signal, the best is dojo imo.
Good luck

Edit
I took the trade because of doji it is on m30 we are close to TL, 200SMA may be a no no for some but I'll try TP 20p
http://s7.postimage.org/cjo3mokqz/eur_usdm30.gif
image host

I am not sure I see this correctly but I do not see diveregence in your chart.
  • #404
  • Apr 18, 2012 1:39pm Apr 18, 2012 1:39pm
Quoting Tools
Dear Traders of this awsome thread!

I want to share an indicator with you that I have found sometime over the Internet. Maybe you know it maybe you don't but it is very effective and useful. It puts your candles according to the RSI on your chart. It is great to see divergences and to see the strength of each candles.

I hope you will find it useful and will make many many pips for you.

Best Regards to all.

Attachment

Thank you Tools. I will take a look at this indicator and give some feedback
  • #405
  • Apr 18, 2012 1:55pm Apr 18, 2012 1:55pm
I will look for it =)

I am curius what do you think. I have a same indicator for CCi but I do not want to toxic this topic with CCi =)

(However if you are intrested let me know and I will post it)

Best Regards

Quoting PurePrice
Thank you Tools. I will take a look at this indicator and give some feedback
  • #406
  • Apr 18, 2012 2:09pm Apr 18, 2012 2:09pm
Quoting binwang2
Hi PurePrice, thanks for sharing.

On GBPJPY, if no candle pattern like pin bar or bearish engulfing, would u still look for something else to short?

Not normally. I like to see a bearish candle formation before i enter a trade
  • #407
  • Apr 18, 2012 2:41pm Apr 18, 2012 2:41pm
nzd/usd h1 and h4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzd usd h1.gif Size: 13 KB
Click to Enlarge Name: nzd usd h4.gif Size: 15 KB
  • #408
  • Apr 19, 2012 2:40am Apr 19, 2012 2:40am
Possible short setting up on pound.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd poss div.jpg Size: 92 KB
  • #409
  • Apr 19, 2012 2:51am Apr 19, 2012 2:51am
If you don't mind I just wanted to share a picture about the Candle Bar indicators that I have recently uploaded. On the 2nd SubWindow you can see an RSI Period 7 Using bars for visibility (of course you can set it to show the RSI line also )

Just for comparing purposes.

Attached Image (click to enlarge)
Click to Enlarge Name: bars.jpg Size: 97 KB


Quoting julie1585
Possible short setting up on pound.
Best Regards
  • #410
  • Apr 19, 2012 2:54am Apr 19, 2012 2:54am
yes about to suggest same if we get a nice pin , zoom out to see area on 2nd of april. See also EG and GJ for possible set ups
  • #411
  • Apr 19, 2012 3:00am Apr 19, 2012 3:00am
If your comment was meant for me =) Then here is the screenshot for you =)

If not, sorry for my misunderstanding.

Attached Image (click to enlarge)
Click to Enlarge Name: 2nd of april.jpg Size: 104 KB


Quoting streetcry
yes about to suggest same if we get a nice pin , zoom out to see area on 2nd of april. See also EG and GJ for possible set ups
  • #412
  • Apr 19, 2012 3:07am Apr 19, 2012 3:07am
no tools was in reply to Julies post above but thanks anyway.
  • #413
  • Apr 19, 2012 3:18am Apr 19, 2012 3:18am
Sorry, I will be silent then =)
  • #414
  • Apr 19, 2012 3:34am Apr 19, 2012 3:34am
Quoting Tools
On the 2nd SubWindow you can see an RSI Period 7 Using bars for visibility (of course you can set it to show the RSI line also )

Attachment



Best Regards
Thanks for this it may make it easier to spot the divergences, can you upload the indis please for trial.

thanks,
Julie
  • #415
  • Apr 19, 2012 3:45am Apr 19, 2012 3:45am
Here you are =)

Attached File(s)
File Type: mq4 CCI BAR CHARTv2.mq4   6 KB | 638 downloads

Attached File(s)
File Type: mq4 Rsi bar chart v2.01.mq4   4 KB | 602 downloads


Quoting julie1585
Thanks for this it may make it easier to spot the divergences, can you upload the indis please for trial.

thanks,
Julie
  • #416
  • Apr 19, 2012 9:42am Apr 19, 2012 9:42am
Good signal setting up


Olu
If you think you can or cannot do it you are correct
  • #417
  • Apr 19, 2012 10:47am Apr 19, 2012 10:47am
GU at daily high from april 02, and is looking like it is struggling to break above 1.6060, as it did early this morning about 3:00 EST (this is the short setup mentioned by Julie above) ... we may get the same setup here again.
  • #418
  • Apr 19, 2012 11:19am Apr 19, 2012 11:19am
Quoting PurePrice
GU at daily high from april 02, and is looking like it is struggling to break above 1.6060, as it did early this morning about 3:00 EST (this is the short setup mentioned by Julie above) ... we may get the same setup here again.
i dont see divergence, am i missing something? thx.
Attached Image (click to enlarge)
Click to Enlarge Name: gu111.gif Size: 15 KB
  • #419
  • Apr 19, 2012 12:33pm Apr 19, 2012 12:33pm
Quoting panguFX
i dont see divergence, am i missing something? thx.
PanguFX I believe the are saying watch for a set up at the 1.6060 for possible short at that time to see if there is DIV. at that level
  • #420
  • Apr 19, 2012 1:28pm Apr 19, 2012 1:28pm
Quoting SteelerKeith
PanguFX I believe the are saying watch for a set up at the 1.6060 for possible short at that time to see if there is DIV. at that level
ahhhh ok. thx. just wanted to be sure, cause iv been watchin it.
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