I am short, but prefered now a better entry between 141.60 - 70
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i dont do this enough when trading divergences, you can use a tighter stop if you trade this way. may get stopped out a few times....but you wont have much of a DD.
Attached Image (click to enlarge)
Believe your right, till proven wrong. Doubt is the greatest enemy.
{quote} i dont do this enough when trading divergences, you can use a tighter stop if you trade this way. may get stopped out a few times....but you wont have much of a DD. {image}
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hello
this is my first post on this thread
im still long on this pair from 139.21 and thinking it will brake 141.00 this time and continue long
also i like your template and the black color i have black 20,20,20
can you upload a template file of yours please
thank you
{quote} hello this is my first post on this thread im still long on this pair from 139.21 and thinking it will brake 141.00 this time and continue long also i like your template and the black color i have black 20,20,20 can you upload a template file of yours please thank you
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looks like you have a plan, first step of a successful trader.....now the next step most screw up is....sticking to the plan.
about the template, im assuming your talking about mt4.....its not a mt4 chart. to me i find mt4 to clumsy and ugly looking, dont want to spend the time making it "pretty" and my type of practical. I use mt4 is placing/managing trades and trend line alerts, dont use it for anything else other than contract volume.
i use tc2000(can use the free web version at www.freestockcharts.com) and www.tradingview.com
i find using a few different types charts gives you a fresh perspective. tc2000 is terrible at keeping trend lines at the same spot on different time frames, and tradingview is awesome at doing that. I dont care for how tradingviews MA's look, so i use tc2000 for that.
kinda long winded wall of text about nothing, but it works for me for projecting market moves so i do it.
Believe your right, till proven wrong. Doubt is the greatest enemy.
looks like price might retest 2ooma on1h chart
also my indi on h4 chart shows that price was overbought and should come down before it continues
i set my sl at 140.00
looks like price might retest 2ooma on1h chart also my indi on h4 chart shows that price was overbought and should come down before it continues i set my sl at 140.00
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care to share your charts? Most traders are visual people.
Believe your right, till proven wrong. Doubt is the greatest enemy.
i also have trendline on my h1 going up
according to my calculations price should not go below 140.19 if it closes below then it means that there is a lot of bears in the market and i will wait for a pullback and go short but until its above 140.19 im bullish
I realized I have been neglecting volume, but i dont know if i trust my broker with these volume numbers....is anyone else getting something similar?
haven't been able to find very many articles on google about low volume recently in fx.
the end is neigh?
looking forward to what you guys have to say.
Attached Image (click to enlarge)
Believe your right, till proven wrong. Doubt is the greatest enemy.
interesting chart. waaay to full for me to tell whats going on in there though. How can you tell which is higher and which is lower? the indicator highs and lows look very simmilar to me. the "divergence" that you listed is incorrect. going by the definition given by investopedia....
Definition of 'Divergence'
When the price of an asset and an indicator, index or other related asset move in opposite directions.
what you have shown, the price and the indicator are both making lower highs........ your rsioma seems to be giving a divergence, but i dont have much experience with that indicator.
Believe your right, till proven wrong. Doubt is the greatest enemy.
wrong entry 
