EASY H1 trading using divergence and candle sticks | Page 40 | 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

  • #781
  • May 8, 2012 4:15am May 8, 2012 4:15am
Potential setups on: G/U (Long) and N/U (Long)

Waiting for good candlebars to form
  • #782
  • May 8, 2012 4:21am May 8, 2012 4:21am
Quoting bluemosaic
Potential setups on: G/U (Long) and N/U (Long)

Waiting for good candlebars to form
NU, yes but there is nothing in GU. It is neither a hidden div nor a regular div.
Riding the order flow
  • #783
  • May 8, 2012 4:21am May 8, 2012 4:21am
Also there is a potential long setup on GBPJPY H1, waiting for some conformation candle. But be careful as the downwards momentum is still strong.
  • #784
  • May 8, 2012 4:25am May 8, 2012 4:25am
Quoting Binyamin
NU, yes but there is nothing in GU. It is neither a hidden div nor a regular div.

This is what I see (bullish div) on G/U - so waiting to see if candle forms and downward momentum v. strong so need to take care...

Any comments most welcome - thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 21 KB
  • #785
  • May 8, 2012 4:35am May 8, 2012 4:35am
Quoting bluemosaic
This is what I see (bullish div) on G/U - so waiting to see if candle forms and downward momentum v. strong so need to take care...

Any comments most welcome - thanks.
That is definitely not a bullish Div.

In a regular div the indicator lead the way. This is not the case.
Riding the order flow
  • #786
  • May 8, 2012 4:37am May 8, 2012 4:37am
Quoting Binyamin
That is definitely not a bullish Div.

In a regular div the indicator lead the way. This is not the case.

That is really useful to know - so:

1. Regular divergence - indicator is used to find divergence and confirmed on price
2. hidden divergence - price is used to find divergence and confirmed on indicator

is that correct?
thanks
  • #787
  • May 8, 2012 4:45am May 8, 2012 4:45am
Quoting bluemosaic
That is really useful to know - so:

1. Regular divergence - indicator is used to find divergence and confirmed on price
2. hidden divergence - price is used to find divergence and confirmed on indicator

is that correct?
thanks
I would rather say in regular div. there must be a trend, for example in a down trend when price makes higher lows RSI will usually point to the opposite direction of the trend. It also means price is decelerating. So we take a trade against the trend.

In hidden div we are trading into a trend at a pull back. during the pull back price will make higher lows and RSI will make higher highs.
Riding the order flow
  • #788
  • May 8, 2012 4:49am May 8, 2012 4:49am
Quoting Binyamin
I would rather say in regular div. there must be a trend, for example in a down trend when price makes higher lows RSI will usually point to the opposite direction of the trend. It also means price is decelerating. So we take a trade against the trend.

In hidden div we are trading into a trend at a pull back. during the pull back price will make higher lows and RSI will make higher highs.
Understood - very helpful.

thanks
  • #789
  • May 8, 2012 5:06am May 8, 2012 5:06am
Quoting Binyamin
Do your own backtest and find out. It is just responsible trading. I prefer london and NY session because I want fast moves.

I haven't verify but common sense tells me that divs at a trendline or previous swing points in the daily is a good signal to take too.
Do you always wait for a pin-bar or engulfing candle as your trigger or at a swing point or trend line would an other type of candle suffice.
  • #790
  • May 8, 2012 5:20am May 8, 2012 5:20am
Quoting don555
Do you always wait for a pin-bar or engulfing candle as your trigger or at a swing point or trend line would an other type of candle suffice.
I personally prefer/use pin bars and bear/bull engulfing only
  • #791
  • May 8, 2012 5:38am May 8, 2012 5:38am
Took NU long trade at .7902 and GU long trade at .6140.. Sl around 30pips will take half at + 30pips or so.. How about you guys, anyone took the trade?
  • #792
  • May 8, 2012 5:40am May 8, 2012 5:40am
Quoting Madscientist
Took NU long trade at .7902 and GU long trade at .6140.. Sl around 30pips will take half at + 30pips or so.. How about you guys, anyone took the trade?
I din take it because it wasn't a pin bar. it close in the middle of the bar....
Riding the order flow
  • #793
  • May 8, 2012 5:42am May 8, 2012 5:42am
Quoting don555
Do you always wait for a pin-bar or engulfing candle as your trigger or at a swing point or trend line would an other type of candle suffice.
My trigger is always a pin or engulfing. I would prefer to trade at a trend line or swing point as I said.
Riding the order flow
  • #794
  • May 8, 2012 5:43am May 8, 2012 5:43am
Quoting Madscientist
Took NU long trade at .7902 and GU long trade at .6140.. Sl around 30pips will take half at + 30pips or so.. How about you guys, anyone took the trade?
hi,

candle yet not closed,after closing candle taking trade is better.today gu has dropped around this time it swing in down direction,i will go up in ny session.
  • #795
  • May 8, 2012 5:46am May 8, 2012 5:46am
Quoting Binyamin
I din take it because it wasn't a pin bar. it close in the middle of the bar....
I see.. Kinda doji there.. Aww crap took a gamble again.. Anyway sl is in place, what's done is done.. Need to wait for a strong reversal candle after this.

Edit: NU is making a bullish pinbar on H4 on my broker (cant post ss for now sorry, will follow up on this later). Might re-enter for the divergence on H4 only if it plays out.
  • #796
  • May 8, 2012 6:00am May 8, 2012 6:00am
Quoting Madscientist
I see.. Kinda doji there.. Aww crap took a gamble again.. Anyway sl is in place, what's done is done.. Need to wait for a strong reversal candle after this.

Edit: NU is making a bullish pinbar on H4 on my broker (cant post ss for now sorry, will follow up on this later). Might re-enter for the divergence on H4 only if it plays out.
Always wait for the candle to close for confirmation
  • #797
  • May 8, 2012 6:03am May 8, 2012 6:03am
Quoting bluemosaic
Always wait for the candle to close for confirmation
Just asking, is it ok if let's say there is a bullish pinbar (closed), and I take a trade at the break of that pinbar's high?
  • #798
  • May 8, 2012 6:07am May 8, 2012 6:07am
Quoting Madscientist
Just asking, is it ok if let's say there is a bullish pinbar (closed), and I take a trade at the break of that pinbar's high?
yes my feeling is that is what you should do - look for break of pin bar plus 1-2 pips
  • #799
  • Edited 8:05am May 8, 2012 6:09am | Edited 8:05am
Quoting bluemosaic
This is what I see (bullish div) on G/U - so waiting to see if candle forms and downward momentum v. strong so need to take care...

Any comments most welcome - thanks.
This has taken off on this occasion and got a quick win of 20 pips - now dropped
  • #800
  • May 8, 2012 6:09am May 8, 2012 6:09am
Quoting bluemosaic
yes my feeling is that is what you should do - look for break of pin bar plus 1-2 pips
Okay thanks for the help.. Appreciate it..

Cheers
0 traders viewing now