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EASY H1 trading using divergence and candle sticks

  • #541
  • Apr 30, 2012 8:01am Apr 30, 2012 8:01am
check out EJ for potential long trade
  • #542
  • Apr 30, 2012 8:05am Apr 30, 2012 8:05am
Quoting Madscientist

Ok closed eurusd. Saw a hidden divergence on H1 but i dont know it is valid or not.
for me yes.
  • #543
  • Apr 30, 2012 8:07am Apr 30, 2012 8:07am
Quoting bksujal
Spotted this on the Usd/Cad 30M chart also the 4H chart is showing a divergence. Went long offcourse on a demo account
first trade went beautifully thanks PurePrice
  • #544
  • Apr 30, 2012 8:21am Apr 30, 2012 8:21am
Quoting Madscientist
Aww bad US data, kinda scared to hold short especially on cable.
Closed gbpusd short trades at .6240.. Still holding eurusd shorts though.

Ok closed eurusd. Saw a hidden divergence on H1 but i dont know it is valid or not.
nice trade and it hit the daily pp to a pip :o)

the hidden divergence will be confirmed on a close above the high of the last bar but i'd be looking for abit more on my 15min chart

kind regards

I've attached a chart with a few of the stoch divergences shown
Attached Image (click to enlarge)
Click to Enlarge Name: cable 1h300412.jpg Size: 169 KB
  • #545
  • Apr 30, 2012 8:33am Apr 30, 2012 8:33am
Pure Price Im seeing this Div. on 1 hr. Could you please give me your opinion. This is on the eur/nzd. It has come back up to almost touch previous S/R area.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 165 KB
  • #546
  • Apr 30, 2012 9:20am Apr 30, 2012 9:20am
Quoting SteelerKeith
Pure Price Im seeing this Div. on 1 hr. Could you please give me your opinion. This is on the eur/nzd. It has come back up to almost touch previous S/R area.

Very weak.... I would not trade this just because I have to look "too hard" to see it
  • #547
  • Apr 30, 2012 9:25am Apr 30, 2012 9:25am
Quoting icarusfx
nice trade and it hit the daily pp to a pip :o)

the hidden divergence will be confirmed on a close above the high of the last bar but i'd be looking for abit more on my 15min chart

kind regards

I've attached a chart with a few of the stoch divergences shown
Taken eurusd long on the break of the pinbar. Also waiting for gbpusd to break the pinbar.

Just asking, is stock showing the same divergence as rsi?
  • #548
  • Apr 30, 2012 9:25am Apr 30, 2012 9:25am
Quoting PurePrice
Very weak.... I would not trade this just because I have to look "too hard" to see it
Thank You for your response!!!!
  • #549
  • Apr 30, 2012 9:57am Apr 30, 2012 9:57am
Quoting Madscientist
Taken eurusd long on the break of the pinbar. Also waiting for gbpusd to break the pinbar.

Just asking, is stock showing the same divergence as rsi?
I don't see any divergence on eurusd stoch or rsi? can you put up a chart...
  • #550
  • Apr 30, 2012 9:58am Apr 30, 2012 9:58am
Quoting Madscientist
Taken eurusd long on the break of the pinbar. Also waiting for gbpusd to break the pinbar.

Just asking, is stock showing the same divergence as rsi?
or a pin bar for that matter?
  • #551
  • Apr 30, 2012 10:11am Apr 30, 2012 10:11am
Quoting icarusfx
I don't see any divergence on eurusd stoch or rsi? can you put up a chart...
Neither do I actually ... what TF are u looking at Madscientist?
  • #552
  • Apr 30, 2012 10:11am Apr 30, 2012 10:11am
Quoting icarusfx
or a pin bar for that matter?
Im sorry im outside right now. But u can try to find the divergence. The low of 27th of april and todays low..
Looks like a flat line on the rsi

Regards
  • #553
  • Apr 30, 2012 10:12am Apr 30, 2012 10:12am
Quoting icarusfx
or a pin bar for that matter?
Same here, unless we are looking at different TF, or another currency pair
  • #554
  • Apr 30, 2012 10:16am Apr 30, 2012 10:16am
Quoting Madscientist
Im sorry im outside right now. But u can try to find the divergence. The low of 27th of april and todays low..
Looks like a flat line on the rsi

Regards
AAAH, you are talking Hidden Divergence. I think we will need to be more specific from now on and indicate which type of divergence we are looking at. We will call them either 'Hidden Divergence" or "Regular Divergence"

We all know that both of those are actually "custom divergences" becuase we use Close on the RSI but look at the hi/low of the candle itself ... This is not to confuse the issue of course but to be specific

Thanks!
  • #555
  • Apr 30, 2012 10:22am Apr 30, 2012 10:22am
Quoting PurePrice
both those pairs are at critical resistance levels now. eurusd at the falling daily trendline and audusd at previous daily resistance level. Keep an eye on those areas

Hmm, I should have listened to my own advice on this one I hope somebody did
  • #556
  • Apr 30, 2012 11:48am Apr 30, 2012 11:48am
Quoting PurePrice
AAAH, you are talking Hidden Divergence. I think we will need to be more specific from now on and indicate which type of divergence we are looking at. We will call them either 'Hidden Divergence" or "Regular Divergence"

We all know that both of those are actually "custom divergences" becuase we use Close on the RSI but look at the hi/low of the candle itself ... This is not to confuse the issue of course but to be specific

Thanks!
Aww sorry i didnt specify the divergence.. Anyway pureprice, do the setup valid if i took it?
  • #557
  • Apr 30, 2012 11:49am Apr 30, 2012 11:49am
booked profit on Gbp/Usd short taken earlier on in the day
  • #558
  • Apr 30, 2012 1:02pm Apr 30, 2012 1:02pm
Quoting Madscientist
Aww sorry i didnt specify the divergence.. Anyway pureprice, do the setup valid if i took it?

It was a hidden divergence setup yes.
  • #559
  • Apr 30, 2012 1:04pm Apr 30, 2012 1:04pm
Quoting bksujal
booked profit on Gbp/Usd short taken earlier on in the day

good work
  • #560
  • Apr 30, 2012 1:08pm Apr 30, 2012 1:08pm
Quoting PurePrice
It was a hidden divergence setup yes.
thanks man.. cheers
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