Tag Archives: RSI Divergence

GBP: AUD – Divergence Set Up

After a month of full on trending, some of the Aussie pairs are beginning to show signs of divergence. GBP: AUD looks the most clear cut example to me. A weak close to the current candle would also mean an … Continue reading

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Japan 225 Head and Shoulder – a set up for today’s Bank of Japan decision

Japanese markets have run hard in expectation that the Bank of Japan is about to signal a far more aggressive approach to monetary policy. Momentum oscillators though, have recently been showing classic divergence. With expectations set high, this situation looks to have … Continue reading

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EUR:CAD sell trade – adding to the position and changing exit strategy.

With trend following strategies, most wining trades will be held through at least one or 2 minor corrections.  As the trend starts to develop there are often opportunities to take one or more of the following actions: Add to the position with pyramid staking strategies Move the … Continue reading

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Macquarie Group setup – Building Stocahstic and RSI into strategy.

This post continues the theme of discussing emerging trade set ups using the oscillator techniques outlined in the video I posted on 26th October

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RSI in focus – Hong Kong index set up

As the influence of China’s economy on world markets continues to grow it makes more and more sense for index traders to include Hong Kong in the major markets they follow. This set up involves the Hong Kong China H shares CFD. … Continue reading

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RSI, MACD or Stochastic – which one to use and when

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Silver – close to triggering a double top sell

Precious metals have struggled to move past the highs reached just after QE3. It remains to be seen whether they are going to break out of current chart formations with a continuation of the strong uptrend leading into QE3 or with a corrective decline. However, the rallies … Continue reading

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Companies Week – Resmed keeping divergence traders awake

We try as much as possible to discuss potential chart setups on the blog rather than ones that are completed or already under way. The idea is to show things as they really happen, win lose or draw. One consequence of this of course, is … Continue reading

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Weakening momentum in Aussie Dollar pairs – potential for reversal

Most of the Aussie charts look to be at a potential inflection point at the moment. Dave Land’s earlier post on the Aussie against the Euro is a great example. Risk markets are pausing. Having adjusted for the possibility of ECB bond buying and better … Continue reading

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Boart Longyear (BLY AU) sets up for ‘M Reversal’ short

It’s been a little while since I have posted a chart on an Australian share but this one came up today after being stalked for a little while (meaning I drew a circle around it so I would likely see … Continue reading

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