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EASY H1 trading using divergence and candle sticks

  • #581
  • May 1, 2012 6:31am May 1, 2012 6:31am
Quoting icarusfx
morning all,

i'm currently short eur/gbp and bearish with the euro in general. lots of div about today best of luck everyone.
closed half for a nice little proffit letting the other half run with stops at b/e


slooooooow day
  • #582
  • May 1, 2012 6:32am May 1, 2012 6:32am
Looks like (on my patform at least) that there is a bearish hidden divergence forming on eurgbp on H4 with pinbar forming for now. I do not talk about H4 much because different brokers are likely to have different candle start/complete time and thus will look different. The pinbar candle has made a lower high in a downtrending channel however, the candle is nto closed yet and anything can happen, especially with Europe being on holiday today too.
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  • #583
  • May 1, 2012 6:33am May 1, 2012 6:33am
Hi Guys,

Looks like there is a divergence in EURAUD. Classic divergence for a sell. Comments welcome.

Have to go to work, no time to attach the chart.

thanks
  • #584
  • May 1, 2012 6:34am May 1, 2012 6:34am
I would like to thank the posters for posting potential setups and actual trades and keeping the discussion going and this thread alive. Keep it up guys and gals because that is how we all learn
  • #585
  • May 1, 2012 6:56am May 1, 2012 6:56am
Quoting PurePrice
I would like to thank the posters for posting potential setups and actual trades and keeping the discussion going and this thread alive. Keep it up guys and gals because that is how we all learn
Same here. I also want to thank to you guys for helping me learn about this method. I'll be posting my trades till god knows when, hope you guys will drop comments for me. Thanks and cheers guys.

Regards
  • #586
  • May 1, 2012 7:04am May 1, 2012 7:04am
If you trade M15, take a look at eurjpy for short divergence setup right at 1.0600 which was previous support now should be resistance
  • #587
  • May 1, 2012 7:16am May 1, 2012 7:16am
hey PurePrice have you tried using the Macd divergence apart from the Rsi?
  • #588
  • May 1, 2012 7:19am May 1, 2012 7:19am
Quoting PurePrice
I would like to thank the posters for posting potential setups and actual trades and keeping the discussion going and this thread alive. Keep it up guys and gals because that is how we all learn
thanks for taking the stand first and starting this thread
  • #589
  • May 1, 2012 7:27am May 1, 2012 7:27am
long setup confirmed on Usd/Jpy any takers?
  • #590
  • May 1, 2012 7:29am May 1, 2012 7:29am
Quoting bksujal
hey PurePrice have you tried using the Macd divergence apart from the Rsi?

For the "most part", it gives the same outcome, but some traders like to see both divergence at the same time as a double confirmation. I normally only look at RSI. But again, you are free to make this system your own, and add/take away what you like to be comfortable with trading it and be confident in the system.
  • #591
  • May 1, 2012 7:38am May 1, 2012 7:38am
Quoting bksujal
long setup confirmed on Usd/Jpy any takers?

hmmm, not sure i see what you see, cuz I dont see anything that signals a long on USDJPY, unless you are referring to the setup from 5 hours ago on H1
  • #592
  • May 1, 2012 7:51am May 1, 2012 7:51am
EU seems to be stalling around the 1.3275 area again. Looking at RSI thus far, it appears to be making a lower high while the price is at the previous level of 1.3275 (creating divergence) which happens to be the touch point on the daily falling trendline. This makes this level interesting to watch for a possible price rejection and break down if the trendline holds. But, we may alos get a price breakout to the upside to possibly touch 1.3300 and may get some resistance there in the short term. I would say keep an eye on this area between 13275 and 13300 to see if we get a potential short setup.
  • #593
  • May 1, 2012 7:57am May 1, 2012 7:57am
AU M30 forming Bull Div, H4 seem just started to play too
  • #594
  • May 1, 2012 8:13am May 1, 2012 8:13am
Quoting Madscientist
I did lol. Hit buy stop at .29 just now. Counter trend trade is kinda killing me but hmm but indeed market dont care what im thinking so i just go for a long trade here haha..
the trade from earlier. its seems like its hard to break the .50-.60 area.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy h1 hidden div 1may.gif Size: 20 KB
  • #595
  • May 1, 2012 8:29am May 1, 2012 8:29am
Quoting Madscientist
the trade from earlier. its seems like its hard to break the .50-.60 area.

That is a good trade, and it might be that EJ is having trouble with 10600 that is keeping GJ down too.
  • #596
  • May 1, 2012 8:41am May 1, 2012 8:41am
Quoting PurePrice
That is a good trade, and it might be that EJ is having trouble with 10600 that is keeping GJ down too.
Aww make sense. I also saw a hidden divergence on gbpusd with a tweezer (that;s what I called it lol), might play it, and I'm expecting gbp pairs will go up even for a while.
  • #597
  • May 1, 2012 9:05am May 1, 2012 9:05am
Quoting Madscientist
the trade from earlier. its seems like its hard to break the .50-.60 area.
hit tp at .80. ah well enough for me today. how about you guys, still holding gbpjpy trades?
  • #598
  • May 1, 2012 9:32am May 1, 2012 9:32am
Quoting Madscientist
hit tp at .80. ah well enough for me today. how about you guys, still holding gbpjpy trades?
also got enough from eu,gonna take a rest
  • #599
  • May 1, 2012 9:44am May 1, 2012 9:44am
tmr will focus on the ADP non-farm to see how it goes
  • #600
  • May 1, 2012 9:50am May 1, 2012 9:50am
hmm, it seems that EU, GU maybe setting up to go long again ?!

also USDCHF setting up to go short ...

Not sure if those will play out as that 10:00 oclock bar was pretty huge due to ISM Manufacturing numbers being good for the greenback, but we may be lucky later on
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