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EASY H1 trading using divergence and candle sticks

  • #481
  • Apr 25, 2012 4:57am Apr 25, 2012 4:57am
Quoting Madscientist
Div in eurusd H4 but no div on H1.. Quite scary to enter.. What do u guys think bout this?

I am seeing div on 1 hour and nice pinbar

and 4 hour divergence with double/triple top.

I would take it. But I am no expert - still learning this system.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd poss div.jpg Size: 106 KB
Click to Enlarge Name: eurusd poss div 4hr.jpg Size: 107 KB
  • #482
  • Apr 25, 2012 5:08am Apr 25, 2012 5:08am
Quoting julie1585
I am seeing div on 1 hour and nice pinbar

and 4 hour divergence with double/triple top.

I would take it. But I am no expert - still learning this system.
pretty glad i didn't take it early, thanks to pureprice rule not to take until price breaks signal candle low, that rule is there for a reason and we just saw why!
  • #483
  • Apr 25, 2012 5:11am Apr 25, 2012 5:11am
Quoting julie1585
pretty glad i didn't take it early, thanks to pureprice rule not to take until price breaks signal candle low, that rule is there for a reason and we just saw why!
I think that zone is a preety strong res zone.. With a div, maybe it will play out nicely.. But yeah need to wait fir confirmation before entering.. Ah nasty spike haha..

Ps: now imo H1 is making a div.. Looks like a potential trade there, i'll keep an eye on that..
  • #484
  • Apr 25, 2012 5:25am Apr 25, 2012 5:25am
If I may make a first post to this thread. Shorting the Euro is a bit counter trend. A look at the weekly will show bullish engulfing candle rejection of 1.3. Better then to look for the (rarer) divergence play on pull backs to join the overall trend? The trade may well work out. For me, it would not be ideal.
Gone to a better place
  • #485
  • Apr 25, 2012 5:31am Apr 25, 2012 5:31am
Quoting smikester
If I may make a first post to this thread. Shorting the Euro is a bit counter trend. A look at the weekly will show bullish engulfing candle rejection of 1.3. Better then to look for the (rarer) divergence play on pull backs to join the overall trend? The trade may well work out. For me, it would not be ideal.
Ah makes sense.. Anyways im in the process of testing the method.. Imo what i can do is take continuation div on the lower tf and look for reversal div on the larger tf.. What do u guys think bout this?
  • #486
  • Apr 25, 2012 6:57am Apr 25, 2012 6:57am
Quoting julie1585
i have no words, if i use words they won't be pretty ones, i have been stalking this short all week, lol omg. i was just looking at eurusd and when i clicked back .... well lets just say take a deep breathe, and move on ... next

That's the way to do it.

Incidentally another one has cropped up on the euro...

Olu
If you think you can or cannot do it you are correct
  • #487
  • Apr 25, 2012 7:03am Apr 25, 2012 7:03am
just came back home. 1st trade ss on this thread

the entry is the one at the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1.gif Size: 22 KB
  • #488
  • Apr 25, 2012 7:04am Apr 25, 2012 7:04am
Quoting Olu
That's the way to do it.

Incidentally another one has cropped up on the euro...

Olu
Sorry forgot to upload the chart...

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #489
  • Apr 25, 2012 7:16am Apr 25, 2012 7:16am
saw another one on usdjpy H1. hidden div i presume.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy h1 hidden div.gif Size: 18 KB
  • #490
  • Apr 25, 2012 10:12am Apr 25, 2012 10:12am
Be cautious today as it is FOMC day today and that tends to cause some really nasty reactions in the currency markets and some spikes sometimes, so be careful and trade smartly, as we approarch noon and then 2:0p PM EST today.
  • #491
  • Apr 25, 2012 10:21am Apr 25, 2012 10:21am
Quoting PurePrice
Be cautious today as it is FOMC day today and that tends to cause some really nasty reactions in the currency markets and some spikes sometimes, so be careful and trade smartly, as we approarch noon and then 2:0p PM EST today.
Thanks PurePrice you are very correct. I personnally do not trade at all during FOMC . If I have a trade going I'm out of the trade when it becomes 2 hrs. within the news.
  • #492
  • Apr 25, 2012 10:26am Apr 25, 2012 10:26am
Quoting PurePrice
Be cautious today as it is FOMC day today and that tends to cause some really nasty reactions in the currency markets and some spikes sometimes, so be careful and trade smartly, as we approarch noon and then 2:0p PM EST today.
Yeah its whipping up and down for now.. Closed half of my trades and let the rest run..
  • #493
  • Apr 25, 2012 8:42pm Apr 25, 2012 8:42pm
Quoting Madscientist
Ah makes sense.. Anyways im in the process of testing the method.. Imo what i can do is take continuation div on the lower tf and look for reversal div on the larger tf.. What do u guys think bout this?

Madscientist,

Kempo trades this way, please see post 374 for an illustration and good example
  • #494
  • Apr 25, 2012 10:31pm Apr 25, 2012 10:31pm
Originally Posted by Madscientist
.. Imo what i can do is take continuation div on the lower tf and look for reversal div on the larger tf.. What do u guys think bout this?



Quoting PurePrice
Madscientist,

Kempo trades this way, please see post 374 for an illustration and good example
Yes i just studied the trade kempo showed us and it made about 90 pips, note it was hidden/continuation div on larger timeframe ie with trend and regular divergence on shorter timeframe, not the other way round. This would provide an overall safety of being with larger timeframe trend.

It was hitting upper trendline of the 4 hour when the divergence occurred.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud div 1hr kempos.jpg Size: 131 KB
Click to Enlarge Name: euraud div 4hr kempos.jpg Size: 111 KB
  • #495
  • Apr 26, 2012 3:17am Apr 26, 2012 3:17am
Quoting PurePrice
Madscientist,

Kempo trades this way, please see post 374 for an illustration and good example
Thanks for the pointers pureprice.. Dunno how i can miss the post..

Anyway just to update yesterdays trade, sl hit for the other half.

Just asking, for example there is an uptrend in H4 with a reversal div and the same reversal div occurs in H1. Is it safe to take the short trade?
  • #496
  • Apr 26, 2012 3:31am Apr 26, 2012 3:31am
hi

bearish divergence in gbp /jpy in 15 min timeframe.
  • #497
  • Apr 26, 2012 4:14am Apr 26, 2012 4:14am
Quoting vasude
hi

bearish divergence in gbp /jpy in 15 min timeframe.
I think this if for only h1 timeframe.
  • #498
  • Apr 26, 2012 4:28am Apr 26, 2012 4:28am
Ah well, eur usd is developing a regular reversal div on H4, yet again.. See how it pans out later on the day..

I think its good for 40 pips or so, we'll see about that..
  • #499
  • Apr 26, 2012 4:52am Apr 26, 2012 4:52am
pic of the trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 171 KB
  • #500
  • Apr 26, 2012 5:00am Apr 26, 2012 5:00am
That a nice trade to take vasude.. Personally i didnt take that trade because of the spread on gbpjpy on my broker is quite big, not good for my rr..

Still waiting for H4 eurusd pinbar to break..
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