Thanks
DislikedHi Tools...
Am I looking that this chart correctly? We have a down trend overall and I am looking for bearish divergence so I will be trading with the trend. Is this a better tactic rather than just to trade any divergence? In this case we see regular bearish divergence on both 50 and 14 CCI. Have I pulled then fib correctly and have I marked the entry point correctly?Ignored
DislikedIn Post 17 you show a 1hr GU chart, what I don't see is any divergence on the chart. Can you please explain that chart.
ThanksIgnored
DislikedEU H1 -- The CCI 50 and 14 are showing a bullish divergence (I think, if I read correctly). I am demoing it. Any thoughts? AttachmentIgnored
DislikedI have managed to get a MT4 onto my mobile, its good but have no trend lines :S
If my Eyes are not faking me, on the M30 we have a buy signal. If we extend a TL on the CCi.
We will see if that holds the price or makes it fly. We will have news shortly.Ignored
DislikedHi, Tools,
congratulations, very thoughtful insight!
I have few suggestions, though, do you know that RSI was actually created not for oversold/overbought conditions as many traders think,
but actually to measure divergence with the price? It is built that way that it shows a longer trend over a period of bars, and when the
speed of the price slows down, the indicator starts to show divergence with the price even as it goes with the trend. Not many understood
at what moment the price is only slowing and when the price is changing the direction....Ignored