Bearish Divergence on USDJPY in H4By Andrea Aquaro
- #67,802
- Edited 6:34pm Mar 24, 2014 6:16pm | Edited 6:34pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #67,804
- Mar 24, 2014 6:52pm Mar 24, 2014 6:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #67,805
- Edited 7:12pm Mar 24, 2014 7:01pm | Edited 7:12pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #67,808
- Edited 10:11pm Mar 24, 2014 9:50pm | Edited 10:11pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Bearish Divergence on USDJPY in H4
{quote} bullish hidden on the 4 and 1 hr by pipocrates
Guys, we do not use divergence/convergence as a part of our analysis. All that is needed for the best analysis of all, what the Sonic R. System is based upon, is that Price, Volume and S&R are all analyzed together. If you wish to promote something different, please go elsewhere or start your own threads. Also, please read Post #1 before posting again. Posts such as these are not in compliance with Rule #1.
The WEEK chart PVSRA indicates the MMs are bears. The DAY chart PVSRA indicates the MMs are bears. The H1 chart PVSRA indicates the MMs are bears. We cannot know how price will move next, but given all this the prudent Sonicer will be looking for appropriate Classic short setups following retraces upwards.
-tah
- #67,811
- Mar 25, 2014 2:25am Mar 25, 2014 2:25am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #67,812
- Mar 25, 2014 2:28am Mar 25, 2014 2:28am
[quote=traderathome;7359462]{quote} altamar, it is impossible for anyone to help you given that you have provided absolutely insufficient details on the exact procedure you took.
Tah, thanks for your suggestions, I made the settings on MT4 platform, compatible with XP sp3 and now all the indys works!
Now, the trade i closed yesterday: EURJPY long on D1 on the break of the previous LL, entry scouts on M15 TF, close when all the trades are over BE.
Tah, thanks for your suggestions, I made the settings on MT4 platform, compatible with XP sp3 and now all the indys works!
Now, the trade i closed yesterday: EURJPY long on D1 on the break of the previous LL, entry scouts on M15 TF, close when all the trades are over BE.
- #67,817
- Mar 25, 2014 7:51am Mar 25, 2014 7:51am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EURAUD:
I see this as bearish, not bullish. It doesn't matter that price has come back down to the 1.5100 whole number Level, because doing so does not automatically mean the price will reverse there. That is a very bad assumption to be making. We cannot know how price will move next, nor when trends will reverse.
What we can know is if the MMs are bulls or bears, and we can continue with PVSRA until we see evidence that a "run for profits" phase has begun.
I am once again posting the DAY chart on this one to emphasize the potential for a H&S after another 200 pips drop, should we get that drop. And the 1.5100 Level is key now. We do not know how price will move next. It could go either way. And either way it goes could be a head fake. However, if price eventually proceeds lower, then that will be evidence a "run for profits" is underway.
Instead of taking a trade here, especially instead of taking a long trade here, it might be prudent to just hold off another day or so and see what the MMs do. And ask yourself a reasonable question to be asking. Which is more likely, more plausible,.....the euro continues strengthening from the plateau of highs it has achieved after all the pumping it has received, or the aussie progressively recovers from the area of lows it has been whacked down to?
-tah
I see this as bearish, not bullish. It doesn't matter that price has come back down to the 1.5100 whole number Level, because doing so does not automatically mean the price will reverse there. That is a very bad assumption to be making. We cannot know how price will move next, nor when trends will reverse.
What we can know is if the MMs are bulls or bears, and we can continue with PVSRA until we see evidence that a "run for profits" phase has begun.
I am once again posting the DAY chart on this one to emphasize the potential for a H&S after another 200 pips drop, should we get that drop. And the 1.5100 Level is key now. We do not know how price will move next. It could go either way. And either way it goes could be a head fake. However, if price eventually proceeds lower, then that will be evidence a "run for profits" is underway.
Instead of taking a trade here, especially instead of taking a long trade here, it might be prudent to just hold off another day or so and see what the MMs do. And ask yourself a reasonable question to be asking. Which is more likely, more plausible,.....the euro continues strengthening from the plateau of highs it has achieved after all the pumping it has received, or the aussie progressively recovers from the area of lows it has been whacked down to?
-tah
- #67,818
- Edited 8:15am Mar 25, 2014 8:05am | Edited 8:15am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} {quote} {quote} sachin1361, You never answered my question. Meanwhile, I think the MMs are showing us how they used that retrace downwards as a way to accumulate more longs without driving the price up on themselves. This is further evidence the MMs are bulls and are now in the bull "Run for Profits" phase. {image} {image}