EASY H1 trading using divergence and candle sticks | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Divergence and hidden Divergence 122 replies

Extracting Historical Prices but only certain Candle Sticks 0 replies

The Market Explained by candle sticks and price action 124 replies

High's and Lows of Candle Sticks 7 replies

I'm loving Candle Sticks, newbie's check'em out 24 replies

Attachments: EASY H1 trading using divergence and candle sticks
Exit Attachments

EASY H1 trading using divergence and candle sticks

  • #601
  • May 1, 2012 10:01am May 1, 2012 10:01am
Quoting PurePrice
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.
another good day at the office :oD

I don't look at 4h much simply because its easily interpreted from the 1h...i do look @ daily

*On entries*

I look for enrties off s&r with divergence and pa (entry should be on the confirmation of an expected action..... not a reaction)

lol I just made that last bit up! sounds good though!
  • #602
  • May 1, 2012 10:06am May 1, 2012 10:06am
Quoting PurePrice
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
not for me its to late in the day.

I'm closing my eurgbp short as i expect a little bouce at the pivot and I'd like to be out for the night.

regards
  • #603
  • May 1, 2012 10:09am May 1, 2012 10:09am
Quoting bksujal
long setup confirmed on Usd/Jpy any takers?
trade worked beautifully my 3rd consecutive profit
  • #604
  • May 1, 2012 10:10am May 1, 2012 10:10am
Quoting PurePrice
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.
here's what i saw
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 11 KB
  • #605
  • May 1, 2012 10:17am May 1, 2012 10:17am
Quoting bksujal
trade worked beautifully my 3rd consecutive profit
well done
  • #606
  • May 1, 2012 10:29am May 1, 2012 10:29am
This one might be good for a potential short setup because:
1- we have hidden divergence with the trend
2- price at previous support now should act as resistance
3- price at the upper boundary of a falling channel/trendline
4- we may get a pinbar here to signal bearish bias (30 minutes to go still)
5- Everyone seems to be kicking some ass today, so why not
Attached Image (click to enlarge)
Click to Enlarge Name: hidden_gj.jpg Size: 131 KB
  • #607
  • May 1, 2012 10:40am May 1, 2012 10:40am
Quoting PurePrice
This one might be good for a potential short setup because:
1- we have hidden divergence with the trend
2- price at previous support now should act as resistance
3- price at the upper boundary of a falling channel/trendline
4- we may get a pinbar here to signal bearish bias (30 minutes to go still)
5- Everyone seems to be kicking some ass today, so why not

y,waiting for a confirmation candle
  • #608
  • May 1, 2012 10:42am May 1, 2012 10:42am
Quoting PurePrice
This one might be good for a potential short setup because:
1- we have hidden divergence with the trend
2- price at previous support now should act as resistance
3- price at the upper boundary of a falling channel/trendline
4- we may get a pinbar here to signal bearish bias (30 minutes to go still)
5- Everyone seems to be kicking some ass today, so why not
Thanks PurePrice for the insight. I'll keep an eye on the trade, looks promising..
  • #609
  • May 1, 2012 10:42am May 1, 2012 10:42am
I like this one the most, but it is gonna be NY lunch soon and London is closing down for the day on a bank holiday in Europe, just not good timing ... so ttake it for what it is worth. But, just to show the pretty setup I guess, here is the chart as I see it
Attached Image (click to enlarge)
Click to Enlarge Name: divergence_usdchf.jpg Size: 220 KB
  • #610
  • May 1, 2012 10:47am May 1, 2012 10:47am
Quoting PurePrice
I like this one the most, but it is gonna be NY lunch soon and London is closing down for the day on a bank holiday in Europe, just not good timing ... so ttake it for what it is worth. But, just to show the pretty setup I guess, here is the chart as I see it
Just reverse the above for a EU setup also .. I am getting too lazy
to post the chart setup as I am sure u guys are more than capable of looking at EU
  • #611
  • May 1, 2012 10:53am May 1, 2012 10:53am
Ermm wow I noticed after the US ISM news rally, there are a lot of pairs showing very potential divergence trade. Eg like PurePrice stated, most divergence occurs at a critical levels (round numbers, sup/res lines/channels and so on). Can we some sort like correlate one pair to the other?
  • #612
  • May 1, 2012 10:59am May 1, 2012 10:59am
well good day for all in gbp.yen with the help of ism data.
  • #613
  • May 1, 2012 11:01am May 1, 2012 11:01am
Quoting Madscientist
Ermm wow I noticed after the US ISM news rally, there are a lot of pairs showing very potential divergence trade. Eg like PurePrice stated, most divergence occurs at a critical levels (round numbers, sup/res lines/channels and so on). Can we some sort like correlate one pair to the other?
gbpjpy,eurgbp moves in different direction and eurusd,usdchf what else pair.
  • #614
  • May 1, 2012 11:19am May 1, 2012 11:19am
Quoting vasude
gbpjpy,eurgbp moves in different direction and eurusd,usdchf what else pair.
Yeah. Same direction but at a different rate.

Anyway hope that you guys end the day with green pips. I did set up some small size stop orders for some pairs (divergence trades) and just leave it alone for tonight. Cheers guys.

Regards
Madscientist
  • #615
  • May 1, 2012 1:01pm May 1, 2012 1:01pm
divergence on Aud/Usd 1H going long .....
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 16 KB
  • #616
  • May 1, 2012 1:01pm May 1, 2012 1:01pm
Quoting bksujal
divergence on Aud/Usd 1H going long .....
also notice the bullish checkmate
  • #617
  • May 1, 2012 5:51pm May 1, 2012 5:51pm
Quoting PurePrice
Not sure why you need a template. It is just RSI(7) that you need to pace onto your charts. The divergence lines are drawn manually by hand.
where can i find this RSI (7) can tell me? thank you sir !
  • #618
  • May 1, 2012 5:58pm May 1, 2012 5:58pm
Quoting Senryuu
where can i find this RSI (7) can tell me? thank you sir !
it simply the RSI indicator but change the period to 7......
Trade what you see, not what you think!
  • #619
  • May 1, 2012 10:39pm May 1, 2012 10:39pm
Divergence and short setup on the 1H on GBPJPY. Still time to get in this one as it went the expected direction initially but has since come back to the entry and then some.

Scott
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 12 KB
Prices are never too high to begin buying or too low to begin selling.
  • #620
  • May 1, 2012 11:19pm May 1, 2012 11:19pm
Quoting thehenryfam
Divergence and short setup on the 1H on GBPJPY. Still time to get in this one as it went the expected direction initially but has since come back to the entry and then some.

Scott
well the evening star isnt strong for a short
2 traders viewing now