Potential setups on: G/U (Long) and N/U (Long)
Waiting for good candlebars to form
Waiting for good candlebars to form
Divergence and hidden Divergence 122 replies
Extracting Historical Prices but only certain Candle Sticks 0 replies
The Market Explained by candle sticks and price action 124 replies
High's and Lows of Candle Sticks 7 replies
DislikedPotential setups on: G/U (Long) and N/U (Long)
Waiting for good candlebars to formIgnored
DislikedNU, yes but there is nothing in GU. It is neither a hidden div nor a regular div.Ignored
DislikedThis is what I see (bullish div) on G/U - so waiting to see if candle forms and downward momentum v. strong so need to take care...
Any comments most welcome - thanks.Ignored
DislikedThat is definitely not a bullish Div.
In a regular div the indicator lead the way. This is not the case.Ignored
DislikedThat is really useful to know - so:
1. Regular divergence - indicator is used to find divergence and confirmed on price
2. hidden divergence - price is used to find divergence and confirmed on indicator
is that correct?
thanksIgnored
DislikedI would rather say in regular div. there must be a trend, for example in a down trend when price makes higher lows RSI will usually point to the opposite direction of the trend. It also means price is decelerating. So we take a trade against the trend.
In hidden div we are trading into a trend at a pull back. during the pull back price will make higher lows and RSI will make higher highs.Ignored
DislikedDo your own backtest and find out. It is just responsible trading. I prefer london and NY session because I want fast moves.
I haven't verify but common sense tells me that divs at a trendline or previous swing points in the daily is a good signal to take too.Ignored
DislikedDo you always wait for a pin-bar or engulfing candle as your trigger or at a swing point or trend line would an other type of candle suffice.Ignored
DislikedTook NU long trade at .7902 and GU long trade at .6140.. Sl around 30pips will take half at + 30pips or so.. How about you guys, anyone took the trade?Ignored
DislikedDo you always wait for a pin-bar or engulfing candle as your trigger or at a swing point or trend line would an other type of candle suffice.Ignored
DislikedTook NU long trade at .7902 and GU long trade at .6140.. Sl around 30pips will take half at + 30pips or so.. How about you guys, anyone took the trade?Ignored
DislikedI din take it because it wasn't a pin bar. it close in the middle of the bar....Ignored
DislikedI see.. Kinda doji there.. Aww crap took a gamble again.. Anyway sl is in place, what's done is done.. Need to wait for a strong reversal candle after this.
Edit: NU is making a bullish pinbar on H4 on my broker (cant post ss for now sorry, will follow up on this later). Might re-enter for the divergence on H4 only if it plays out.Ignored
DislikedJust asking, is it ok if let's say there is a bullish pinbar (closed), and I take a trade at the break of that pinbar's high?Ignored
DislikedThis is what I see (bullish div) on G/U - so waiting to see if candle forms and downward momentum v. strong so need to take care...
Any comments most welcome - thanks.Ignored
Dislikedyes my feeling is that is what you should do - look for break of pin bar plus 1-2 pipsIgnored