another cycle of "sell in May and go away" with Sept / Oct being the worst of the returns that make this axiom a solid and trustworthy one. Ichimoku Cloud and RSI divergences support this idea too.
Risk seems to be peaking, and Risk/Reward is now well within acceptable ranges with SL1, SL2, and SL3 positioned wisely.
Going into the autumn seasons when traders...
*Yellow = 200 EMA | Blue = 100 EMA
This video goes over the divergence between the DJ:DJI and DJ:DJT. Currently, the DJIA is trending upwards, setting new highs, and lows. However, contrary to this movement, the DJTA is moving downwards heading towards a trendline shown in the video, but could very easily break through that trendline.
Why do I care?
How to apply the Oscillator Divergence Indicator by JDLim to your favourite oscillator.
1. Like the script "Oscillator Divergences by JDLim"
2. Add your favorite oscillator to your chart.
3. Apply the "Oscillator Divergences by JDLim" to that indicator.
4. Confirm the correct input source is selected.
5. Trade well and donate if you become successful :)
Link to indicator
Some new setting on the Oscillator Divergences Indicator.
Fixed the label position when plotting on the price chart.
Added option for EWS to only plot the currently developing divergence (if any).
Added a bunch of presets. These can be when plotting on the price chart and all have the standard defaults.
RSI: Relative Strength Index
MACD: Moving Average...
*Yellow = 200 EMA | Blue = 100 EMA
This is my analysis of EUR/GBP, a pair which has a crossroads ahead of it, particularly this upcoming week. Currently, I see 3 different options:
A) Play into Consolidation
This is the most probable option especially because we're currently moving on a steep trendline and on bearish divergence. Current price action could...
*Yellow MA = 200 EMA | Blue MA = 100 EMA
In this video, I go over the approaching support level for OANDA:GBPCAD and the potential play to the top of the consolidation box set after the reversal we see from January 2016 - October 2016. A play from the support to resistance is well over 1000 pips and has two different opportunities:
1. We bounce off of more...
Bearish divergence = Higher highs on price, lower highs on indicators - Weak signal in bull markets, but usually happen before a trend change (especially along with a volume spike)
Bullish divergence = Lower lows on price, higher lows on indicators - Strong signal in bull markets; usually followed by continuation of the bullish trend
Nothing works all the...
Oscillator Divergence Histogram
Identify Divergences on 6 oscillators simultaneously.
From the bottom up.
0 to 1 (black): MACD
1 to 2 (green): Elders Force Index
2 to 3 (blue): RSI
3 to 4 (purple): Awesome Oscillator
4 to 5 (red): Commodity channel index
5 to 6 (orange): Stochastic
You can change the identification of the divergence in the settings and...
The price of BTCUSD is approaching 6800 which has a number of factors that could cause price to jump and give us a trading opportunity.
The 6800 level:
- is a previous S/R level
- is 68% fib retracement of Jun 29 - Jul 27 move
- Intersects with short term upwards trendline
Expect bulls to push the price to retest the upper channel to 7800 then watch to see...
We have a massive Bat pattern that has just completed on EURAUD. The problem is that it's completed on the Daily Time Frame. So in this video, we cover how you can use multiple time frames to reduce your risk and still take advantage of the potential move.
Auropharma - 9th Jan2018
Note - Time to move through watchlist stocks depends on lot of factors like internet speed & others. Ideally it takes 1-2 mins which can be extended as well but amazing feature to check the stocks in quick time.
Ladder - isn't this an amazing tool because we can use it to travel upside & same can be used to travel downside - what's a...