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ZigZag Charm

  • #821
  • May 23, 2017 8:29pm May 23, 2017 8:29pm
Quoting yousername
{quote} ZigCharm3XDVL THE BEAST HAS BEEN RELEASED! CONTROL IT MA FRENS WITH FULL RESPONSIBLE! ALL HELL BREAK LOOSE! {file} {file}
FYI to whom missed the party. You can download the 3XDVL here (click the quote above and it'll lead to you the green pasture)
D = Divergence
VL = Volume
This is not investment/trading advise. Will not hold accountable for loss
  • #822
  • May 23, 2017 8:39pm May 23, 2017 8:39pm
Identifying BEARISH Divergence


Quoting yousername
Next will be Identifying DIVERGENCE (Reversal) and HIDDEN DIVERGENCE (Trend Continuation) without having the Divergence feature turned on. {image}
As seen in the screenshot we had several weak bullish moves (a,b,c).
C < B
B < A
Therefore C < A = Bull shit (weak) or Bearish Divergence

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 19 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #823
  • May 23, 2017 8:45pm May 23, 2017 8:45pm
Quoting yousername
Identifying BEARISH Divergence {quote} As seen in the screenshot we had several weak bullish moves (a,b,c). C < B B < A Therefore C < A = Bull shit (weak) or Bearish Divergence {image}
Another recent bearish divergence case

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 17 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #824
  • May 23, 2017 8:50pm May 23, 2017 8:50pm
Bullish Divergence Case

We had consecutive lower high, lower low. Or in other word the market was in a downtrend.
Notice there were several low volume bearish frames.
A,B,B2,C,

Frame A < B2
A < B
A < C
That mean it's a reversal or bullish divergence or the end of the bear era.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 18 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #825
  • May 23, 2017 8:57pm May 23, 2017 8:57pm
Quoting yousername
Identifying BEARISH Divergence {quote} As seen in the screenshot we had several weak bullish moves (a,b,c). C < B B < A Therefore C < A = Bull shit (weak) or Bearish Divergence {image}
Another Bearish Divergence Case

Frame A<B<C

Then we had a strong last bull move up or a bull trap which can't breaks the FIBEX UP highlighted in red box.
After the bull trap, came a strong bear move with high volume and follow with a sideway move (notice no frame break the previous frame FibEx up/lo).
Then finally a bear frame with high volume broke the previous frame's FibEx Lo which indicates the bear is taking control.

//Sorry for the typo, broker should be broke
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 28 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #826
  • May 23, 2017 9:01pm May 23, 2017 9:01pm
Keep talking. To quote The Words of the Apostle Paul "We see in the glass but darkly!"
Just trade the pullback you idiot!
  • #827
  • May 23, 2017 9:03pm May 23, 2017 9:03pm
Inserted Video

Inserted Video

Inserted Video
This is not investment/trading advise. Will not hold accountable for loss
  • #828
  • May 23, 2017 9:05pm May 23, 2017 9:05pm
Quoting Batavier
Keep talking. To quote The Words of the Apostle Paul "We see in the glass but darkly!"
Praise the LORD!

Let me tell you I had the calling of becoming a priest!!!
But then I know wealth, I cancelled becoming a Priest.
But instead I became a priest in Economy, testifying THE WORD through BUSINESS/ECONOMIC/FINANCE etc.
Praise the LORD JESUS
This is not investment/trading advise. Will not hold accountable for loss
  • #829
  • May 23, 2017 9:11pm May 23, 2017 9:11pm
Amen to that
Just trade the pullback you idiot!
  • #830
  • May 23, 2017 9:14pm May 23, 2017 9:14pm
So If I'm looking at USD/JPY 1h current chart. Am I correct in assuming bulls now in control?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 96 KB
Just trade the pullback you idiot!
  • #831
  • May 23, 2017 9:24pm May 23, 2017 9:24pm
Quoting yousername
Next will be Identifying DIVERGENCE (Reversal) and HIDDEN DIVERGENCE (Trend Continuation) without having the Divergence feature turned on. {image}
According to the definition above (in the quote).
Bullish Hidden Divergence = Higher Low in price and Higher High in Indicator.

Let's see in ZigCharm3XDVL (Divergence/Hidden Divergence + Volume)

We have consecutive HH, HL.
A we had HL with larger volume compare to B therefore it's larger than C
A > B > C
Therefore it's a bullish trend continuation or hidden bullish divergence = great opportunity to LONG!

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 17 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #832
  • May 23, 2017 9:26pm May 23, 2017 9:26pm
Quoting Batavier
So If I'm looking at USD/JPY 1h current chart. Am I correct in assuming bulls now in control? {image}
Not being rude mate.
"Just trade the pullback you idiot!"

Yes it's possible if the bull continue going higher. We should allow the bull to go higher by waiting in the sideline so we can jump in later in the pullback
However in the H4 we could have a BEARISH HIDDEN DIVERGENCE!
Price made LL and HL. And the HL has bigger volume in relation to the previous bullish frame. So becareful
This is not investment/trading advise. Will not hold accountable for loss
  • #833
  • May 23, 2017 9:28pm May 23, 2017 9:28pm
Quoting Batavier
So If I'm looking at USD/JPY 1h current chart. Am I correct in assuming bulls now in control? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 20 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #834
  • Edited 10:15pm May 23, 2017 9:31pm | Edited 10:15pm
Quoting yousername
{quote} {image}
According to the definition https://www.forexfactory.com/showthr...10#post9902910
Bearish Hidden Divergence = Price LH + Indi HH
LH colored in dark green frame, which means higher volume compare to the previous bullish frame.
This is not investment/trading advise. Will not hold accountable for loss
  • #835
  • May 23, 2017 9:35pm May 23, 2017 9:35pm
Quoting yousername
{quote} Not being rude mate. "Just trade the pullback you idiot!" Yes it's possible if the bull continue going higher. We should allow the bull to go higher by waiting in the sideline so we can jump in later in the pullback However in the H4 we could have a BEARISH HIDDEN DIVERGENCE! Price made LL and HL. And the HL has bigger volume in relation to the previous bullish frame. So becareful
Big fat eye/Anchor. I'd rather wait in the sideline, waiting to see the pullback
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 72 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #836
  • May 23, 2017 9:42pm May 23, 2017 9:42pm
Quoting Batavier
So If I'm looking at USD/JPY 1h current chart. Am I correct in assuming bulls now in control? {image}
From the Ichimokue and Alligator indi,
Both tells bullish in the H1.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 29 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #837
  • May 23, 2017 9:57pm May 23, 2017 9:57pm
Quoting yousername
{quote} Big fat eye/Anchor. I'd rather wait in the sideline, waiting to see the pullback {image}
How did I miss the Eye?????

Depending on market action I might take some profit just before it hits the eye or put a trailing stop under it. I'll watch closely.
Just trade the pullback you idiot!
  • #838
  • Edited 11:50pm May 23, 2017 10:12pm | Edited 11:50pm
Identifying BEAR WEAKNESS (Strength of the Trend) using MOMENTUM (GBPUSD W1)

X3<X2<X1 = Weakening bear

Let me rephrase that

Decline in BEARISH MOMENTUM (Contraction) + High Volume in the last Bear leg = OVERSOLD (Market too saturated)

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 42 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #839
  • May 23, 2017 10:13pm May 23, 2017 10:13pm
Quoting Batavier
{quote} How did I miss the Eye????? Depending on market action I might take some profit just before it hits the eye or put a trailing stop under it. I'll watch closely.
God speed brother
This is not investment/trading advise. Will not hold accountable for loss
  • #840
  • May 23, 2017 10:23pm May 23, 2017 10:23pm
Quoting yousername
{quote} Crap, we're inside the eye.... And those weak bulls with low volume {image}
That EYE screwed me so bad LOL
It's ok only 1 lot.
This is not investment/trading advise. Will not hold accountable for loss
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