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Learning How to Spot the Correct Divergence... Beginner Inside

  • #101
  • Edited 3:28am Sep 21, 2013 3:01am | Edited 3:28am
Can we call it a divergence on EURJPY
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  • #102
  • Sep 21, 2013 3:26am Sep 21, 2013 3:26am
Quoting LizardGizzard
The trouble there, Jen, is that the price action could take months and months to play out.
It might be worth running this on demo for a year trading all pairs alongside your usual stuff, not instead of! You only have to look at it once a week. The results may surprise you. Ok, you may have to wait months for an entry (that's why I said all pairs ), but surely patience is a virtue in this game?
  • #103
  • Sep 21, 2013 5:58pm Sep 21, 2013 5:58pm
Quoting jen101
Thanks capstone. Would you say it was more reliable / accurate than the others (MACD, RSI, CCI)?
It is for me. My brain and eyes see it plain as day. I have been faked out a lot with the other indies. That could be because I was using them wrong, I do not know. I am happiest with this indie however and have more trust in my ability to interpret it.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #104
  • Sep 23, 2013 7:31am Sep 23, 2013 7:31am
Another one from about 30 minutes ago on AUDJPY M1. Not perfect based on overall PA, but a very nice alert signal.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #105
  • Sep 23, 2013 7:59am Sep 23, 2013 7:59am
Quoting muhib29k
Can we call it a divergence on EURJPY {image} {image}
No. I think they call it valleys - they are too far apart. Anyhow, you should only draw lines to closed candles and only look for opportunities with the trend.
  • #106
  • Sep 23, 2013 8:04am Sep 23, 2013 8:04am
muib29k, actually I don't see any current divergence from your chart.
  • #107
  • Sep 23, 2013 8:29am Sep 23, 2013 8:29am
Quoting jen101
{quote} only look for opportunities with the trend.
So sorry for always replying late! But I got 2 Jobs!!
  • #108
  • Sep 24, 2013 5:40am Sep 24, 2013 5:40am
Another nice that just developed on EURJPY M1. We will see how it plays out. I take high leverage play, so I only need a small number of pips.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #109
  • Sep 24, 2013 3:05pm Sep 24, 2013 3:05pm
I will take the other end of the scale to capstone and post a daily chart Let's see how this trade develops. I've set up an Explorer for it.
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  • #110
  • Sep 25, 2013 11:09am Sep 25, 2013 11:09am
Another one on the AUDJPY M1. This was for 1.5% of the account! Happens fast on the M1. I actually should have gone all the way to the big round number. That would have given me 3.5%.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #111
  • Sep 25, 2013 11:26am Sep 25, 2013 11:26am
Quoting capstone
Another one on the AUDJPY M1. This was for 1.5% of the account! Happens fast on the M1. I actually should have gone all the way to the big round number. That would have given me 3.5%. {image}

I'm glad that the trade has worked out for you but I don't think that the 1m chart is a good idea
So sorry for always replying late! But I got 2 Jobs!!
  • #112
  • Sep 25, 2013 3:10pm Sep 25, 2013 3:10pm
Quoting Muhammad Ezz
{quote} I'm glad that the trade has worked out for you but I don't think that the 1m chart is a good idea
Then I recommend that you do not trade the M1.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #113
  • Sep 25, 2013 4:05pm Sep 25, 2013 4:05pm
Quoting capstone
{quote} Then I recommend that you do not trade the M1.

What I meant man that it's too risky and the target is always very small ... sometimes double or triple the number of the spread but if the shoes fit, feel free to put 'em on
So sorry for always replying late! But I got 2 Jobs!!
  • #114
  • Sep 26, 2013 3:26am Sep 26, 2013 3:26am
Quoting capstone
{quote} Then I recommend that you do not trade the M1.
I admire people who can trade the smaller timeframes. All I see on M1 is a mess with the spread taking up half the chart .
  • #115
  • Sep 26, 2013 4:01am Sep 26, 2013 4:01am
Quoting jen101
{quote} I admire people who can trade the smaller timeframes. All I see on M1 is a mess with the spread taking up half the chart .
The smaller timeframes would be ideal if trading platforms had period seperators for 15 minute, 30 minute, 1 hour and 4 hour bars, instead of just daily.
  • #116
  • Sep 26, 2013 4:33am Sep 26, 2013 4:33am
Quoting GDR3k
{quote} The smaller timeframes would be ideal if trading platforms had period seperators for 15 minute, 30 minute, 1 hour and 4 hour bars, instead of just daily.
Well I guess there's nothing stopping you from drawing them yourself, then overlaying giant candles, then you can see exactly what's happening inside them.
  • #117
  • Sep 26, 2013 7:15am Sep 26, 2013 7:15am
Quoting jen101
{quote} Well I guess there's nothing stopping you from drawing them yourself, then overlaying giant candles, then you can see exactly what's happening inside them.
That sounds like too much hard work
  • #118
  • Sep 26, 2013 7:49am Sep 26, 2013 7:49am
If the price closes tonight over the weekly pivot of 98.902, USDJPY would be a good buy opportunity tomorrow.
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  • #119
  • Sep 26, 2013 9:26am Sep 26, 2013 9:26am
Quoting jen101
If the price closes tonight over the weekly pivot of 98.902, USDJPY would be a good buy opportunity tomorrow. {image}

It will dude My money is on the table for that
So sorry for always replying late! But I got 2 Jobs!!
  • #120
  • Sep 27, 2013 2:40am Sep 27, 2013 2:40am
Quoting Muhammad Ezz
{quote} It will dude My money is on the table for that
Well it closed at 98.911 which isn't convincing enough for me, so that one will have to wait
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