Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by KUTERO

may be inverted HSH at 60M..

Originally Posted by t3t4

Yeah, that's what I said,,,,LOL.

Thanks for the explanation.

t3t4

No, thank you!

I saw your response a few minutes after I posted! I guess I was typing my post when you were sending yours!

still short from yesturday evening and have moved stop into profit, closed out the lower one for a few pips and will let the top one run,moving the stop down gradually to lock in more profit, good luck today... mike

Originally Posted by FLFOREX

Good morning t3t4, i am not here to argue, i appoligize if you took it that way, yes a few live examples for you, first one, is a current cable 30 min chart,second one is your chart you posted,i added the blue lines to show no divergence present, . hope this helps... mike

No worries Mike,

I concur, you nailed a MUCH better example then I did. While I won't admit I'm wrong with my example, yours was much better and more life like!

Thank you for the humbling experience, I didn't look far enough for proof.

Thanks again,

t3t4

EUR/USD Break of 30-minute trend line - In my live 6am webinar, I scalped the Euro break below the 30-minute trend line targeting the 1.2780 area. 7 wins, 0 losses. With U.S. retail sales coming out, I'll stay flat until the fireworks have passed.

Originally Posted by Gregory McLeod

EUR/USD Break of 30-minute trend line - In my live 6am webinar, I scalped the Euro break below the 30-minute trend line targeting the 1.2780 area. 7 wins, 0 losses. With U.S. retail sales coming out, I'll stay flat until the fireworks have passed.

you do, what you do very well Greg, no doubt about that, wonderful job as always, congrats!,, Mike

Originally Posted by t3t4

No worries Mike,

I concur, you nailed a MUCH better example then I did. While I won't admit I'm wrong with my example, yours was much better and more life like!

Thank you for the humbling experience, I didn't look far enough for proof.

Thanks again,

t3t4

Your very welcome t3t4, hope you have a wonderful rest of the day, and a fantastic weekend! Mike

Originally Posted by FLFOREX

you do, what you do very well Greg, no doubt about that, wonderful job as always, congrats!,, Mike



Your very welcome t3t4, hope you have a wonderful rest of the day, and a fantastic weekend! Mike

Thanks Mike! The feeling is mutual!

Greg

Originally Posted by Gregory McLeod

No, thank you!

I saw your response a few minutes after I posted! I guess I was typing my post when you were sending yours!

It happens to me all the time, not a problem and no worries! But I just wanted to say thank you for the explanation. You backed up totally what I have said in pre and post, posts. While I did a mediocre job at showing proof of divergence, Mike nailed it! You laid the ground work and we showed the proof as we understand it to be.

Couldn't ask for more, your explanation is/was spot on!

But what about this advanced or complex divergence you were speaking of, could you show us or otherwise direct us to a site we could learn from?

Thanks Greg,

t3t4

t3t4, here is an example between regular divergence and hidden divergence

The way the EUR has just baunced off that support line i would be very careful on adding anymore shorts and i just moved my shorts to lock in more profit

Originally Posted by PoundGuy

I came up with a better way to explain it i trade only with a plain chart and follow price behaviour. I let the charts prices tell me what they want to do and not some indicators which wont be able to tell you if the ECB intend to intervene.

The chart price will behave in certain why when something is cooking

Well there you go, that's my game exactly! Can't believe I missed this post.....

t3t4

stop has been moved down to lock in 31.8 pips in case of a bounce, and now trailing... mike

EDIT triling stop hit for 42.5 pips

Originally Posted by KUTERO

For easy determination..

ND: on UP trend..Next possible movement : DOWN
reference points: top

PD: on DOWN trend.. Next possible movement : UP
reference points: bottom

Originally Posted by MoneyInc.II

Your tha Man Kutero!

Thanks Captain, for the example, you nailed it for me. Looks like Greg's original depiction was correct. Thanks Greg, FL and others for the clarification.

Stryke I couldn't make it for the London session, the zzzzz(s) was too powerfully good to fight. Looks like I didn't miss much but I'm well rested. I might call it an early weekend, get some stuff done with the auto. GL my friend and a stellar weekend.

T3t4 there's nothing wrong with your count except for w2 is still cooking(incomplete). The drop so far is impulsive, which happens in zig-zag corrections, and may fall as far as 50-61.8 of your w1. But for now, the drop looks to be near wA of 2 completion.

A-Yoooooooooooo

Originally Posted by FLFOREX

t3t4, here is an example between regular divergence and hidden divergence

Thanks Mike,

I must say that I don't see much if any difference between the HH (higher high) or the HL (higher low) on the regular chart verses the hidden chart. I like to think I'm pretty darn good at pattern recognition, but these moves seem so miniscual, and yet their relevant?

I have to wonder if I'm missing something here... Thanks for posting, I saved the image and will study it further.

t3t4

Too early in My Morning for all this Tech Stuff.
It still all boils down to when You pull the Trigger to Buy or Sell. Thats where the Money is won or lost.
Now I'll tell Ya what I did last Night, Based strictly on My Gestalt Method or Madaam Babushka's Crystal Ball if You will.
The Market had been stuck in a Range between 1.2825 and 1.2865. So I placed a Short order at 1.2875 with a 50 pip stop and a 50 pip TP. Then I went to Bed. The Brownies worked Their Magic as I slept and I'm a wealthier Man this Morning.
Like The Rest of Us, I pour over the Charts noting divergences, over bought, oversold, RSI CCI, CSi,etc.
Forget about that CSI. Thats a TV Show. LOL
Sittin on the sideline now, waiting for the U.S. Data, like the rest of You I think.
Friday the 13th PG? Might be a good thing to wrap up Trading a Day early, Ya think?
Happy Trading!