Oh yeah, I don't doubt that. Retail traders are nothing compared to the bigger participants. But what i was getting at is that those 300 financial institutions are not always going to ALL trade in one direction or another. They are battling it out ...

EURUSD

Yeah what you say does make sense. Many thanks for your response

EURUSD

hmm yeah true. What you say does make sense there. Although I was under the impression that the forex market is so huge that no one institution can push the market one way or another for long unless there are others who want to do the same. And then ...

EURUSD

These people who push money into the higher yielding EURO, what's the point? I mean, they might get a few days of higher interest in the EURO but then they also need to be sure that the EURO does not fall...which it will probably do soon...and then ...

EURUSD

That's the thing. Logically if you get good news for the USD then you would think that it (USD) should get stronger. But alas this often does not happen. I don't know why. But that's why we got to trade what is on our chart more than anything. Then ...

EURUSD

haha, wow, well done

EURUSD

Lots of resistance on the weekly chart.

EURUSD

Eariler I thought we would be going higher since on the daily chart there is no divergence. However, on the weekly chart there is divergence and bad news today could be USD positive. Which means down for the EURO/USD. The other thing is just looking ...

EURUSD

talk about contradictions — I'm now looking at the weekly chart. I see clear divergence. We have hidden bearish divergence on the weekly chart. Which means that in the price action we see lower highs and yet in the momentum indicator we see ...

EURUSD

No divergence on the daily chart for this move up — Correct me if I'm wrong but with this latest move up on the daily time frame, I am not seeing any divergence. This should mean that price will continue to go up. Please see the attached chart ...

EURUSD

Cool, thanks for the explanations

EURUSD

Thanks for the link dude

EURUSD

yeah i see what you mean. You have a higher high on the price action and then in the stochastic you have a lower high. But just with the stochastic you have: At first it is making a higher high but then towards the end you see it make lower highs. ...

EURUSD

Thanks NuckingFuts

EURUSD

Divergence confirmation — Could someone who understands divergence quickly confirm that I have done it correctly on the chart below. I think I have it correct. On the price action we see price making lower lows while the momentum indicator is ...

EURUSD

Thanks for the response SunTrader. And I also saw your other response indicating that standard pivots are = floor pivots. This is good

EURUSD

Thank you arthurb, I really appreciate you posting that diagram and your explanation

EURUSD

But would you say what i had in my chart is the right understanding of how divergence works? i.e. that if we have a downtrend in momentum and an uptrend in price, we should sooner rather than later end up moving down? I've tried so many different ...

EURUSD

Momentum and Price divergence — Hi guys. Seeking your opinons on the chart below. On 3hr time frame we see price in an uptrend. Looking at the momentum on that chart it is in a nice down trend. Is this indicative of a slowing in energy in this ...

EURUSD

What is the difference between a floor pivot and a standard pivot. Standard pivots i use at url But is a floor pivot the same thing as what is the link above?

EURUSD