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  • #700,041
  • Sep 29, 2012 5:13pm Sep 29, 2012 5:13pm
Quoting Stonar901
From the chart i posted i can see a bullish divergence is that true supported by a pin bar in the 4H chart and the close is inside the triangle and it has tested this three times so what do u think?
Well well.... (joke)

If you really want my opinion into this, I have to go check what happened on 26.9 (with my brandyglasses on) and see that it made a higher low (as in yesterday) and after that a small upwards movement. Then it broke the trendline and dropped. Was there any divergence? What was the volume? There is a higher low made on yesterday, but the close was awfully low. I dont know man......Hope you dont have your retirement fund in this trade....

And.... on the other hand I see that H4 has been curving upwards on both the highs and the lows on H4. The trend (retracement?) seems to be losing its pace.....The only thing that makes me cautious at the moment is that pretty low close....

But as I said, I suck at these.....
  • #700,042
  • Sep 29, 2012 5:20pm Sep 29, 2012 5:20pm
Quoting chiknthief
When you start feeling real good about your trade GTF OUT immediately. Your profits can disappear rapidly when you feel like KING KONG !!!
not for the trader with 10 years trading experience.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #700,043
  • Sep 29, 2012 5:26pm Sep 29, 2012 5:26pm
Quoting Whistlepips
Well well.... (joke)

If you really want my opinion into this, I have to go check what happened on 26.9 (with my brandyglasses on) and see that it made a higher low (as in yesterday) and after that a small upwards movement. Then it broke the trendline and dropped. Was there any divergence? What was the volume? There is a higher low made on yesterday, but the close was awfully low. I dont know man......Hope you dont have your retirement fund in this trade....

And.... on the other hand I see that H4 has been curving upwards on both the highs...
Well on the daily am with u i believe it will test LL but on the 4H i believe it will test 2900 1st if it breaks it it will go 2942 for the final round then smash down till 2818 1s target followed by 2766
  • #700,044
  • Sep 29, 2012 5:39pm Sep 29, 2012 5:39pm
Quoting Stonar901
Well on the daily am with u i believe it will test LL but on the 4H i believe it will test 2900 1st if it breaks it it will go 2942 for the final round then smash down till 2818 1s target followed by 2766
Thanks man. Very possible on my thinking too! Im seeing it zzing onto larger timeframes, but am not able (yet) to see the exact levels where it does that. Thats where yours and others posts have been very useful! I have been following Attila closely........GREAT posts......

Now I think that I have to go to sleep this brandy outta my head.....

So GN bros and may the retailers prosper.............
  • #700,045
  • Edited 6:00pm Sep 29, 2012 5:45pm | Edited 6:00pm
Just a little somethig before I go to sleep related to Gann fans. Never mind the russian blah blah...... I dont know it either........

http://www.gann.su/book_eng.html

Edit: May take a couple of months to skim these =)
  • #700,046
  • Edited 6:17pm Sep 29, 2012 5:59pm | Edited 6:17pm
Quoting Stonar901
Well on the daily am with u i believe it will test LL but on the 4H i believe it will test 2900 1st if it breaks it it will go 2942 for the final round then smash down till 2818 1s target followed by 2766
Behind my (pretty) brandyed glasses Im getting somewhat curious of your way of seeing the market. Could you elaborate a little more. (I will reply in the morning if I pass out =) ).

Edit: And for the record if theres any astrological followers. Uranus is at the moment exactly where the moon is. Them both where the sun dont shine.......hahahaha.....you know.....ur-anus......hahaha Edit: no offense whatsoever....
  • #700,047
  • Sep 29, 2012 6:06pm Sep 29, 2012 6:06pm
Quoting Whistlepips
Behind my (pretty) brandyed glasses Im getting somewhat curious of your way of seeing the market. Could you elaborate a little more. (I will reply in the morning if I pass out =) ).
Well we have a pinbar on the 4H chart on 29/9 last 4H close which is also inside the triangle that i have posted and we have tested this area 4 times in the past week without a single break out plus although we have a lower close on the 4H CHART ON THE RSI IT SHOWS HIGHER WHICH IS A SIGN OF A BULLISH DIVERGENCE
So what i see is that we will test 1st the upper part of the triangle which is 2942 if we managed an hourly close above 2947 then we will see 2966 to 3000 may be but if we retraced we will see a LL
  • #700,048
  • Sep 29, 2012 6:25pm Sep 29, 2012 6:25pm
dangers facing Eurozone...
http://www.guardian.co.uk/business/2...?newsfeed=true
  • #700,049
  • Edited 9:03pm Sep 29, 2012 7:49pm | Edited 9:03pm
Quoting Stonar901
From the chart i posted i can see a bullish divergence is that true supported by a pin bar in the 4H chart and the close is inside the triangle and it has tested this three times so what do u think?
I think it's going down.. but let's address your argument.. H4 is not a reliable time frame when it comes to candlestick patterns because they are based on different server times.. Your pin bar is a doji on my chart.. That means indecision.. nothing more nothing less.. So different people see different things, and we want a lot of traders to see the same patterns, right? Yes it went up from there to up around 2940ish but take a look at what it did.. Never made a higher high than the last swing (which was kind of lame one with a lot of indecision built it to start with), and it dropped with a long h4 candle with a bunch of dojis up there at the top.. Those will cancel the bullishness of that previous pin bar (or doji) which low didn't actually hold at the retest to begin with..

Also, candlestick patters only mean something at s/r, otherwise they're nothing. And this one is not at strong support anywhere to the left..

The divergence, is not a divergence until that RSI trend line is confirmed, and yours is not, because the RSI didn't turn up yet, so that's not valid... Besides, if you note the RSI is coming down from around 55-60 level. That's a bearish level and it has all the chances in the world to continue going down to the 25-30 level because of that...

Now if you look at the RSI the last swing high (the one this last move failed to take) there is actually a hidden bearish divergence, i.e. the RSI was overbought at the second peak there.. In order for the price and RSI to get back in sync on these kind of divergences, you can calculate a price projection this way:

Take the difference in pips at the candle close of where the price was at the RSI highs and subtract that from the candle close where the RSI was at the lowest between the two highs.. That will give you a target lower than the low of the pin bar you mentioned. I'm only eyeballing it..

Edit: Guys please, if you use an indicator know it inside out, otherwise you'll get tricked more often than not. Also know your candles IN CONTEXT. We don't trade candlesticks alone.. That's a sure way to ruin.
  • #700,050
  • Sep 29, 2012 8:14pm Sep 29, 2012 8:14pm
Quoting Whistlepips
WOW. GREAT!
So here's one thing..in mt4, if you draw them with the chart zoomed out, and then you zoom in, they change.. so much for accuracy... mt4 sucks ass.
  • #700,051
  • Sep 29, 2012 8:48pm Sep 29, 2012 8:48pm
Quoting Stonar901
I believe we have a very clear divergence on the 4H here bullish one i believe plus the 4H close was a clear pinbar inside the triangle so what do you think

Am long from 2847 tp 2942 sl 2818

Anyone supporting that?!!
No
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  • #700,052
  • Sep 29, 2012 9:00pm Sep 29, 2012 9:00pm
The last interval shows weakness. It makes a higher high but then closes well of the high near its low on increasing volume. I would expect the next interval to be down.

If we can get a long set up when price enters into the Supply/Demand Zone, that would be a setup worth taking.

Our last major structure was created by buyers and did get follow thru. In fact, the last three major structures were created by buyers and had follow thru. So there is no reason to be anything but bullish until we get a change in the market structure.

So, whilst the direction of the next interval and maybe the next few should be down, the actual trade we would be looking for is a long.
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  • #700,053
  • Edited 9:26pm Sep 29, 2012 9:06pm | Edited 9:26pm
So how do you trade/read the hidden gap of it all? What does it mean for you.. I'll take a guess and say it should get "filled", right?

I agree with you, it should go down a little more before a pull back on daily.. The good trade will be long from lower.. From the way daily behaves, it's not out of the question to go to the bottom of that first hidden gap at 2651..
Quoting HiddenGap
The last interval shows weakness. It makes a higher high but then closes well of the high near its low on increasing volume. I would expect the next interval to be down.

If we can get a long set up when price enters into the Supply/Demand Zone, that would be a setup worth taking.

Our last major structure was created by buyers and did get follow thru. In fact, the last three major structures were created by buyers and had follow thru. So there is no reason to be anything but bullish until we get a change in the market structure....
  • #700,054
  • Sep 29, 2012 9:33pm Sep 29, 2012 9:33pm
Quoting attila
2651..
Either that, or ............................ 1.2445
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  • #700,055
  • Sep 29, 2012 9:42pm Sep 29, 2012 9:42pm
Quoting KillerWhale
Either that, or ............................ 1.2445
I have 2461 next level down on daily, same area.
  • #700,056
  • Sep 29, 2012 10:11pm Sep 29, 2012 10:11pm
YES!!

Quoting Stonar901
I believe we have a very clear divergence on the 4H here bullish one i believe plus the 4H close was a clear pinbar inside the triangle so what do you think

Am long from 2847 tp 2942 sl 2818

Anyone supporting that?!!
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  • #700,057
  • Sep 30, 2012 12:22am Sep 30, 2012 12:22am
Quoting attila
I have 2461 next level down on daily, same area.
I was looking at the high of 08-06
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  • #700,058
  • Sep 30, 2012 1:44am Sep 30, 2012 1:44am
Quoting KillerWhale
Either that, or ............................ 1.2445

1.2445 would be more nicer
Learning Requires Failure
  • #700,059
  • Sep 30, 2012 1:52am Sep 30, 2012 1:52am
Quoting tirmizi
1.2445 would be more nicer
I thought it was going to 1.3445.
The Thief of Wall Street
  • #700,060
  • Sep 30, 2012 1:59am Sep 30, 2012 1:59am
Quoting Chicky
I thought it was going to 1.3445.
Haven't they told you? The high for this year is already in place.
And the low also for good measure.

I heard it first hand from Obama's Forex Czar.
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