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EASY H1 trading using divergence and candle sticks

  • #1,121
  • May 24, 2012 8:38am May 24, 2012 8:38am
Eur and GBP are all in buy mode now but make sure you protect your profit because this is a retracement am long of them with just a 45pips target
  • #1,122
  • May 24, 2012 10:45am May 24, 2012 10:45am
For those of us whom are long on †?? above pair should follow †?? new trend line on 1hr or 15mins to exit trade for maximum profit thanks
  • #1,123
  • May 24, 2012 12:49pm May 24, 2012 12:49pm
got stopped out on ej short

looking at dollar index, seems like it's wanna break out north. short-term double top on 1h chart
  • #1,124
  • May 24, 2012 12:55pm May 24, 2012 12:55pm
Eurusd short seems good.. Closed at .2530.. I entered at .2598 because eurusd cant close convincingly above 1.26 since yesterday I think.. Earlier same entry got stopped by the spike.. Time to sleep, its near 2 am here.. Good luck guys..
  • #1,125
  • May 25, 2012 3:14am May 25, 2012 3:14am
for those of us who still have their long for yesterday shld hold it am seeing a 100pips up don't forget to protect ur Profit I will update as soon as I spot a reversal
  • #1,126
  • Edited 7:52am May 25, 2012 4:33am | Edited 7:52am
Correct me if i am wrong. This seems to be a correct setup on EU
Hidden divergence

the trade is doing so good
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 18 KB
  • #1,127
  • May 25, 2012 5:00am May 25, 2012 5:00am
Quoting kester
Correct me if i am wrong. This seems to be a correct setup on EU
Hidden divergence

Yes i also EU in....
  • #1,128
  • May 25, 2012 5:03am May 25, 2012 5:03am
Am out from EJ and GJ long staying on †?? side line for now
  • #1,129
  • May 25, 2012 5:48am May 25, 2012 5:48am
Took eu and au hidden bearish divergence early.. Dunno, I just love the fact that the resistance is very strong.. Gain or loss, I'll be happy lol..
  • #1,130
  • May 25, 2012 8:06am May 25, 2012 8:06am
Time to take some profit off the table on those short positions as we are at support level again and we expect some bounce up here (at least for the short term)
  • #1,131
  • May 25, 2012 8:07am May 25, 2012 8:07am
Quoting Madscientist
Took eu and au hidden bearish divergence early.. Dunno, I just love the fact that the resistance is very strong.. Gain or loss, I'll be happy lol..

I think you should be pretty happy now, with a nice gain that is

Good work
  • #1,132
  • May 25, 2012 8:08am May 25, 2012 8:08am
Quoting kester
Correct me if i am wrong. This seems to be a correct setup on EU
Hidden divergence

the trade is doing so good

Nice work spotting hidden divergence Kester
  • #1,133
  • May 25, 2012 9:09am May 25, 2012 9:09am
Quoting PurePrice
Nice work spotting hidden divergence Kester
This trade fetched me a cool 50 Pips

Thanks PurePrice for starting this easy nice and simple system
  • #1,134
  • May 25, 2012 9:43am May 25, 2012 9:43am
Quoting PurePrice
Time to take some profit off the table on those short positions as we are at support level again and we expect some bounce up here (at least for the short term)
Dunno if the bounce up will last long or just a retracements.. Some say today usually is profit taking day, but price seems to stall at fib levels.. Will keep an good stare at the pa for the next couple of hours.. Any thought guys?
  • #1,135
  • May 25, 2012 9:48am May 25, 2012 9:48am
Quoting Madscientist
Dunno if the bounce up will last long or just a retracements.. Some say today usually is profit taking day, but price seems to stall at fib levels.. Will keep an good stare at the pa for the next couple of hours.. Any thought guys?

Friday is a take profit day, especially with US banks being off on Monday. Also, like stated earlier, 1.2500 is support level and may be tough to break on a Friday.
  • #1,136
  • May 25, 2012 9:50am May 25, 2012 9:50am
Quoting PurePrice
Friday is a take profit day, especially with US banks being off on Monday. Also, like stated earlier, 1.2500 is support level and may be tough to break on a Friday.
I see.. Thanks for the thought pureprice..
  • #1,137
  • Edited 12:32pm May 25, 2012 10:35am | Edited 12:32pm
Another hidden divergence H1** eurusd for anyone thinking of re-entering short eurusd..

Edit: **sorry its 15mins. I was micromanaging the trades, messed up with the tf..
Closed
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1 25may.gif Size: 23 KB
  • #1,138
  • May 26, 2012 12:09am May 26, 2012 12:09am
Hello PP and others.

Please correct me in this AC divergence, i tried two times which shows in red lines and both times i fail, why ? can u please guide me where is wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: AC Divergence.jpg Size: 68 KB
  • #1,139
  • May 26, 2012 3:52am May 26, 2012 3:52am
Quoting umpats
Hello PP and others.

Please correct me in this AC divergence, i tried two times which shows in red lines and both times i fail, why ? can u please guide me where is wrong?
I see that you're using CCI with 14 period setting. I use RSI with 7 period settings and there is no divergence on audcad..
  • #1,140
  • May 27, 2012 8:12am May 27, 2012 8:12am
Quoting Madscientist
I see that you're using CCI with 14 period setting. I use RSI with 7 period settings and there is no divergence on audcad..
Thank you very much Madscientist for your answer.
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