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EASY H1 trading using divergence and candle sticks

  • #1,101
  • May 23, 2012 6:50am May 23, 2012 6:50am
usd/cad one to watch....
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  • #1,102
  • May 23, 2012 7:03am May 23, 2012 7:03am
check out AU, NU, EU

Careful though because those have been in a strong downtrend and it would be risky to go long , but I thought i would point this out
  • #1,103
  • May 23, 2012 8:43am May 23, 2012 8:43am
Quoting PurePrice
check out AU, NU, EU

Careful though because those have been in a strong downtrend and it would be risky to go long , but I thought i would point this out
Saw a bearish divergence (hidden) and waiting for any kind of conformation on the pairs you've pointed out.. Imo quite a safe trade considering all of usd pairs is in downtrend..
  • #1,104
  • May 23, 2012 10:27am May 23, 2012 10:27am
Quoting Madscientist
Saw a bearish divergence (hidden) and waiting for any kind of conformation on the pairs you've pointed out.. Imo quite a safe trade considering all of usd pairs is in downtrend..
Oh god what a day.. Took eu au and nu short trades just now, banked in around 300+ pips total (3lots on eu).. Time to go out and have some fun..

Regards
  • #1,105
  • May 23, 2012 10:53am May 23, 2012 10:53am
is this sign of a bullish ?what do you guys think?

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  • #1,106
  • May 23, 2012 11:29am May 23, 2012 11:29am
Always look at the bigger picture, euro is solid downtrend. Volatility is going to come in pretty much soon (or already there) so careful now
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  • #1,107
  • May 24, 2012 3:52am May 24, 2012 3:52am
There are bullish divergence on H1 eu, ej and gj and imo its valid if the hourly close have some reversal confirmation.. But the usd is strengthening like hell for now, it might be kinda gamble to take.. Anyway I might take it, some say better to stick to our method whether in good times or bad times haha..

Regards
  • #1,108
  • May 24, 2012 4:04am May 24, 2012 4:04am
hey mad,

Yeah based on my feelings and short term signals I want to close rest of my EJ... loads of people shorted euro on break... so a push above break down would be PAINFUl, so might just happen lol. Will stick to my original plan, will try to add to position around 99.85/95 area and close everything above 100.20
  • #1,109
  • May 24, 2012 4:08am May 24, 2012 4:08am
Quoting Ati_82
hey mad,

Yeah based on my feelings and short term signals I want to close rest of my EJ... loads of people shorted euro on break... so a push above break down would be PAINFUl, so might just happen lol.
If can I ask you, you still keeping ur ej shorts? Holy crap haha.. I do take eu and ej long just now but I didn't want to push it as it is in a strong downtrend.. 20-30 pips is good enough for a long euro trade imo..

Edit: usdx is also showing a regular divergence (I dont know if I'm looking at the right index, ticker usdollar) with a good red candle after that rally and it is around psych level..
  • #1,110
  • May 24, 2012 4:38am May 24, 2012 4:38am
Quoting Madscientist
If can I ask you, you still keeping ur ej shorts?
yes closed half yesterday when hitting new lows around 100.28

meanwhile well it came back to my area, added to position. usually i do not enter on stuff like this but wanna see how it goes

time for sleep, good luck mad
  • #1,111
  • May 24, 2012 5:27am May 24, 2012 5:27am
Quoting Ati_82
yes closed half yesterday when hitting new lows around 100.28

meanwhile well it came back to my area, added to position. usually i do not enter on stuff like this but wanna see how it goes

time for sleep, good luck mad
Oh I see.. Good luck to you too ati..
  • #1,112
  • May 24, 2012 6:25am May 24, 2012 6:25am
Quoting Ati_82
yes closed half yesterday when hitting new lows around 100.28

meanwhile well it came back to my area, added to position. usually i do not enter on stuff like this but wanna see how it goes

time for sleep, good luck mad
I thinks its ok to take a short position on eur/jpy but keep stoploss tight cos there might be a retracement later today or tomorrow am waiting for the signal to enter long on eur/jpy with a take profit of just 40pips and exiting the trade if i get a reverse signal.
  • #1,113
  • May 24, 2012 6:48am May 24, 2012 6:48am
I would not touch a long euro position with an 8 foot pole right now just because it sems like every rally is being sold and the euro is in such a strong downtrend, it is pretty hard to hold a long position. However, if you are the adventurous type and you can stomach the drawdown, go for it and you might catch the bottom and have a heck of a ride up again

I personally would look for short opportunities on Euro using Hidden bearish divergence setups. There appears to be Hidden divergencec now on eurusd and somewhat a bearish candle. Let's see if this plays out.
  • #1,114
  • May 24, 2012 7:06am May 24, 2012 7:06am
Quoting PurePrice
I would not touch a long euro position with an 8 foot pole right now just because it sems like every rally is being sold and the euro is in such a strong downtrend, it is pretty hard to hold a long position. However, if you are the adventurous type and you can stomach the drawdown, go for it and you might catch the bottom and have a heck of a ride up again

I personally would look for short opportunities on Euro using Hidden bearish divergence setups. There appears to be Hidden divergencec now on eurusd and somewhat a bearish candle. Let's...
I have a sell trade now base on my trading triger, looking to take profit at 99.23 daily pivot support and a stop loss wen i get a reversal sign.
  • #1,115
  • May 24, 2012 7:07am May 24, 2012 7:07am
Quoting PurePrice
I would not touch a long euro position with an 8 foot pole right now just because it sems like every rally is being sold and the euro is in such a strong downtrend, it is pretty hard to hold a long position. However, if you are the adventurous type and you can stomach the drawdown, go for it and you might catch the bottom and have a heck of a ride up again

I personally would look for short opportunities on Euro using Hidden bearish divergence setups. There appears to be Hidden divergencec now on eurusd and somewhat a bearish candle. Let's...

Bearish engulfing candle formation plus hidden bearish divergence setup on the 7:00 EST candle
  • #1,116
  • May 24, 2012 7:10am May 24, 2012 7:10am
Quoting PurePrice
Bearish engulfing candle formation plus hidden bearish divergence setup on the 7:00 EST candle
Also usdx is showing bullish hidden divergence.. Since it follows the trend, I might take shorts for couple of usd pairs with a tight sl..
  • #1,117
  • May 24, 2012 7:29am May 24, 2012 7:29am
Quoting PurePrice
Bearish engulfing candle formation plus hidden bearish divergence setup on the 7:00 EST candle
Would you mind posting your chart to show the hidden divergence? Many thanks.
  • #1,118
  • May 24, 2012 7:37am May 24, 2012 7:37am
H4 USDCAD Bear Div
  • #1,119
  • May 24, 2012 7:42am May 24, 2012 7:42am
Ok, staying on the sidelines until this clown speaks and gets this over with.
  • #1,120
  • May 24, 2012 8:16am May 24, 2012 8:16am
EJ at 100.20 and EU at 1.2620 previous support levels may now become resistance and good resistance levels for short selling plays
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