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Real time GBPUSD trading on H4

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Chinedu Onuoha
4046
Chinedu Onuoha  

This is for GBPUSD contributions are very welcome


Last entry was yesterday 27/01/2014

This is a hiidden divergence signal and it is still valid until another signal happens.

Chinedu Onuoha
4046
Chinedu Onuoha  

Expecting a bearish hidden divergence:waiting for the momentum cross


Chinedu Onuoha
4046
Chinedu Onuoha  

The momentum cross finally happens. Lets see how this plays out. 100pips stop loss and 300 pips take profit


Alain Verleyen
Moderator
32828
Alain Verleyen  
profedu2001:

The momentum cross finally happens. Lets see how this plays out. 100pips stop loss and 300 pips take profit


Your divergence seems very weak.
Chinedu Onuoha
4046
Chinedu Onuoha  
angevoyageur:
Your divergence seems very weak.

Maybe, but its still hidden divergence and I have a stop in check just in case I am wrong and as it is there is no opposite divergence yet

I entered a few minutes late but its still not too bad

Chinedu Onuoha
4046
Chinedu Onuoha  

Still waiting for an opposite signal. still bearish for now.


Chinedu Onuoha
4046
Chinedu Onuoha  

Sell position closed, Just entered a buy position due to a Regular divergence (see picture)


Chinedu Onuoha
4046
Chinedu Onuoha  

Let me update you on January so far.

From Jan 6, 2014


When price was making a lower high, oscillator was making a higher high (Hidden divergence) which signaled a SELL continuation. Until a bullish Regular divergence happens.


Chinedu Onuoha
4046
Chinedu Onuoha  

Here is the exit for the buy entry of 16th January 2014


I think I explained the remaining in an earlier post.

Dont go thinking that you can always predict the market all the time. We will be wrong a few times (that's where a stoploss comes in very handy. I use 100pips SL and 300pips TP)

Chinedu Onuoha
4046
Chinedu Onuoha  
Back to the current trade, lets see how it plays out
Alain Verleyen
Moderator
32828
Alain Verleyen  
It's interesting, thank you.
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