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@  traderpusa : (10 September 2019 - 01:35 AM) that was my bmw lol. E60.
@  Monoaldo : (10 September 2019 - 01:34 AM) E60
@  manfloy : (09 September 2019 - 11:12 AM) well said.
@  traderpusa : (09 September 2019 - 11:07 AM) at least for the moment, china will hold back because of economic conditions. My guess is they want to involve PLA but simply are not in a position to do so for the moment.
@  traderpusa : (09 September 2019 - 11:05 AM) well, regardless of any agreement between uk and europe, there is still nato is trump doesn't blow it up lol
@  manfloy : (09 September 2019 - 11:04 AM) I am really worried about HK if the PLA phase in this can interrupt the entire chain between FX liquidity and current import / export countries. I understand that we have a bunch of corporations exposed to China, now believe that 99 percent of them are stable in HK because they have a high law. If the PLA gets in, they'll substitute this economic centre with a singapore.
@  manfloy : (09 September 2019 - 11:04 AM) Yeah, they're really a very significant player. I am informed that there is also a lot more than economic, for instance there are a number of military agreements agreed between the GB and the EU, which is serious.
@  traderpusa : (09 September 2019 - 11:02 AM) the UK being part of the EU GDP figures, but not part of the Euro only makes things a bit complicated on how to interpret numbers for trading purposes.
@  traderpusa : (09 September 2019 - 11:00 AM) of course one needs to focus on US being the biggest economy but UK is still up there. https://gyazo.com/42...39df1c7c58d9221
@  manfloy : (09 September 2019 - 10:56 AM) I'm focused on the US, so I don't spend so much on the GB, I'm supposed to study it well since 2015, but something has altered worldwide, literally, it's an enormous step in the world's liquidity and global system, modifications are nice, but they're really colorful.
@  manfloy : (09 September 2019 - 10:56 AM) thanks good reading
@  traderpusa : (09 September 2019 - 10:53 AM) As to China, read this over the weekend : https://apnews.com/6...f75f013bf54e6a9
@  manfloy : (09 September 2019 - 10:51 AM) Spectacular indeed lol, this is huge to be honest
@  traderpusa : (09 September 2019 - 10:47 AM) it's gonna be interesting. MP's are leaving the sinking ship and now also Bercow has resigned. Gonna miss this guy lol
@  traderpusa : (09 September 2019 - 10:46 AM) https://gyazo.com/58...16d785753060ff0
@  manfloy : (09 September 2019 - 10:44 AM) I am very concerned about GBP, I have decided to leave until the government is making some definite deals on the Brexit. I'm not a supporter of uncertainty.
@  manfloy : (09 September 2019 - 10:42 AM) US It is expected to rebound until new years, because the season is coming and everyone is ready for new year revenues.
@  manfloy : (09 September 2019 - 10:41 AM) China is underwater now, and I can't even define how starving they are for dollars. Their imports fell significantly last quarter. They're trying to stimulate again, but I don't think it should work out, more than: we're back to the 2014/2015 situation. The issue with the Chinese central bank cutting off the supply of cash, the issue that they are not diversified around the world.
@  manfloy : (09 September 2019 - 10:41 AM) https://gyazo.com/25...967a0945fa48037
@  traderpusa : (09 September 2019 - 01:49 AM) Trump should wake up and tweet something lol

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Trading Divergences - Extremely Powerful Concept

rsi divergence divergence binary options

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131 replies to this topic

#41 gabim70

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Posted 08 June 2017 - 05:16 AM

fmYGSgt.png



#42 AP51

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Posted 08 June 2017 - 05:27 AM

Is it too far away?
 

Attached Files



#43 gabim70

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Posted 08 June 2017 - 05:44 AM

 

Is it too far away?

 

It depends on your risk appetite. Personally I would not have taken that trade. I like to take that opportunities that meets almost all the rules.. That trade is not a bad one... If you take a look, you will see that you have a decent retracement before the entry point.. that retrace is telling you that in that move you have buying power also.. and it is a high probability that the price will go up after divergence.  For me, I pay attention especially on that retrace.. if that retrace is weak, it means that is a strong down trend and after divergence, the price will continue down.. and if the retrace is pretty strong (at least 0.5 fib level), that means the trend or the down move is slowing and it is a high chance of a new retracement after divergence. 


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#44 gabim70

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Posted 08 June 2017 - 05:55 AM

 

Is it too far away?

 

 

Let me explain better. 

 

tIT7pGT.png


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#45 AP51

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Posted 08 June 2017 - 06:00 AM

I see.
Detailed explanation Thanks.

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#46 gabim70

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Posted 08 June 2017 - 07:21 AM

m7L5suM.png


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#47 gabim70

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Posted 08 June 2017 - 09:26 AM

asNwXMB.png



#48 merka

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Posted 08 June 2017 - 10:14 AM

asNwXMB.png

What's wrong with an entry candle too big?

Thanks


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#49 baryster

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Posted 08 June 2017 - 10:17 AM

@merka it's possible that the price retraced already too much and you won't get a good price


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#50 bomad

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Posted 08 June 2017 - 11:48 AM

This is a good trade ! 

 

 

Hi gabim70,

 

thank you for a very good reminder of the good old (stable) rsi div trading style !!!

 

Here is a little present for you. I hope MTH2014 and other experienced coder can have a look at it to make it better.

 

Divs with small amount of candles from point to point, like 3 or 5 are mostly not recognized.

 

It needs an overhaulin so to speak. 

 

 

Attached File  rsi_divergence_v2.01_alerts.mq4   12.7KB   305 downloads

 

 

By the way, I never found (even paid ones) a realy, realy good rsi div indi. I guess to make that thing perfect, it is a whole other level of coding...

 

But this one is nice. Enjoy!


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#51 gabim70

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Posted 08 June 2017 - 12:25 PM

Hi gabim70,

 

thank you for a very good reminder of the good old (stable) rsi div trading style !!!

 

Here is a little present for you. I hope MTH2014 and other experienced coder can have a look at it to make it better.

 

Divs with small amount of candles from point to point, like 3 or 5 are mostly not recognized.

 

It needs an overhaulin so to speak. 

 

 

attachicon.gifrsi_divergence_v2.01_alerts.mq4

 

 

By the way, I never found (even paid ones) a realy, realy good rsi div indi. I guess to make that thing perfect, it is a whole other level of coding...

 

But this one is nice. Enjoy!

Thank you very much! 



#52 gabim70

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Posted 08 June 2017 - 12:26 PM

@merka it's possible that the price retraced already too much and you won't get a good price

That is right!


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#53 abolfazl2015

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Posted 08 June 2017 - 03:49 PM

KQZf139.jpg


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#54 baryster

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Posted 08 June 2017 - 04:14 PM

i think that first one is a great setup; instead, in the second setup the retracement is good but it lasts just 8 candles... it's not a "no-no" trade, it can be taken, but maybe a little more risky


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#55 gabim70

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Posted 08 June 2017 - 04:38 PM

i think that first one is a great setup; instead, in the second setup the retracement is good but it lasts just 8 candles... it's not a "no-no" trade, it can be taken, but maybe a little more risky

I agree with you. But on the first setup, the entry candle is very big. It was not the case, but from that point, the price could very easily go down for several candles.. 

 

All we have to do is to test more setups and see what is working and what is not working..  The most important thing is to see the market conditions and trade only when our rules and conditions are met.. we will not trade because we see a divergence! The divergence is telling that is a potential reversal.. but we are the traders that take a decision, not a simple divergence! When we will learn to trade in this way, the things will be in our favor.



#56 gabim70

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Posted 08 June 2017 - 05:01 PM

HaRqOJV.png


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#57 Mowgli

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Posted 09 June 2017 - 06:08 AM

Quite an attractive strategy, easy and simple.

 

First trade, It was risky. 

 

Ignore my different template. Thats my treasure..Cant move out of her. :P

 

gbpusdbo-m1-global-derivative-markets-2.

 

 

 

gbpjpybo-m1-global-derivative-markets.pn

Rife6O7.jpg


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----------------------------------------

 

 


#58 KMMFX

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Posted 09 June 2017 - 06:46 AM

How many on day signals we can get ?



#59 gabim70

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Posted 09 June 2017 - 07:48 AM

How many on day signals we can get ?

It depends on the market condition.. There are days when you get 3-5 signals and also days when you get only 1 valid setup per pair. 


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#60 matciao

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Posted 10 June 2017 - 04:55 AM

Hi gabim70,

 

thank you for a very good reminder of the good old (stable) rsi div trading style !!!

 

Here is a little present for you. I hope MTH2014 and other experienced coder can have a look at it to make it better.

 

Divs with small amount of candles from point to point, like 3 or 5 are mostly not recognized.

 

It needs an overhaulin so to speak. 

 

 

attachicon.gifrsi_divergence_v2.01_alerts.mq4

 

 

By the way, I never found (even paid ones) a realy, realy good rsi div indi. I guess to make that thing perfect, it is a whole other level of coding...

 

But this one is nice. Enjoy!

 

 

It would be very useful if RSI divergence can detect only divergences in OB/OS areas... Can someone modify mq4 file? :) 







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