Yep, stoploss on that one.

EASY H1 trading using divergence and candle sticks

GBY/JPY Short — Divergence and short setup on the 1H on GBPJPY. Still time to get in this one as it went the expected direction initially but has since come back to the entry and then some. Scott

EASY H1 trading using divergence and candle sticks

No doubt. That should have been at least a 1:1 win for anyone that was able to take it. Unfortunately, I was sleeping at the time. Scott

EASY H1 trading using divergence and candle sticks

A win to start the week — Just an update. This trade ended up working out fine. Hit full TP1 5 bars after entry for a nice 3% gain on live account. Still just shooting for TP1 at this point. Scott

EASY H1 trading using divergence and candle sticks

I had entered the Aussie also. Just triggered and and then headed back down, so hopefully it regains its footing here soon. Cheers, Scott

EASY H1 trading using divergence and candle sticks

Thanks, Julie. Looks like a nice tool, but for that amount of money, I will probably continue to do it manually for the time being, at least until I get my account built up a good bit more. Scott

EASY H1 trading using divergence and candle sticks

Thanks for the info. What is the cost? Does it do lot size calculation for you for various pairs based on a percentage of your account? That's the thing that always takes me the longest when setting up a trade. Scott

EASY H1 trading using divergence and candle sticks

Interesting idea. Are you still keeping your stoploss at the other end of the signal bar or is your SL even dictated by the reverse divergence? How have you found your R:R doing it that way? Scott

EASY H1 trading using divergence and candle sticks

I think someone asked Pure Price about that earlier, and he mentioned that the signal is probably valid for 3-4 bars but after that, one should move on to another trade possibility. Obviously discretion and experience come into play in that case. I ...

EASY H1 trading using divergence and candle sticks

Good point — This is an excellent point and something I thought about a few days ago though I had not yet implemented any changes. I think this coming week I will pay attention to this. Thanks, gez. Scott

EASY H1 trading using divergence and candle sticks

Vixs, I have been using 1:1 from the very beginning for the very reason you state. With 1-hour charts, most often you are going to get enough bouncing around that it will be difficult to regularly get a TP2. And this ends up actually hurting your ...

EASY H1 trading using divergence and candle sticks

Unfortunately, I just got out of a meeting and missed that setup. Looks like a pretty good one, Olu. Good luck. Scott

EASY H1 trading using divergence and candle sticks

Another win — There were a couple trades in the overnight period (US). I caught the EUR/USD short before going to bed. Divergence plus bearish engulfing equals another win. Good week thus far! Scott

EASY H1 trading using divergence and candle sticks

Hmmm... well, the CADJPY was clearly an engulfing, and the NZDUSD was for all practical purposes an engulfing candle also (the close of the previous candle was 0.82329 and the open of the engulfing candle was 0.82325, so less than half a pip of ...

EASY H1 trading using divergence and candle sticks

NZDUSD — Here is one that I caught too late today and didn't get to enter. Would have been another win, though. Anyone grab this one? Scott

EASY H1 trading using divergence and candle sticks

CADJPY — I took a trade on CADJPY earlier today and was successful. I actually saw the trade late (I am at work during the morning hours, so it is hit and miss when I can look at the charts), but it enabled me to get a better entry. I ended up ...

EASY H1 trading using divergence and candle sticks

This trade got within about 8 pips of TP1 and then turned and headed back to my entry, so I ended with breakeven... Scott

EASY H1 trading using divergence and candle sticks

Took the AU trade — I took the AUDUSD trade on Wednesday on the first bullish engulfing candle. Maybe I will post a chart tomorrow (sorry, time for me to head to bed). Wouldn't say it was one of my better trades, and it was in a losing ...

EASY H1 trading using divergence and candle sticks

AUDCAD — Heads-up on possible long trade: AUDCAD Slight divergence under the 30 level and a possible bullish engulfing. Scott

EASY H1 trading using divergence and candle sticks

GDR3k, I could be wrong here, and we definitely should have PP weigh in on this, but I don't typically draw my trend and divergence lines over such long periods (5 days) on an hourly chart. Seems if you go out that far, the information is probably ...

EASY H1 trading using divergence and candle sticks