vlad.adrian
Long

(Republishing) - EURUSD - Double bottom

FX:EURUSD   Euro / U.S. Dollar
702 8 5
I am republishing this chart because I re-entered the long trade I took last week. I got stopped out around 1.24, but now the impulse is blue again and the bullish divergence is re-confirmed. I have entered close to the current price.

Weekly here
snapshot
21/11/2014 Closed at the price on chart. Impulse is red again and there is a big rejection of value
snapshot

This pair is going lower
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Are you looking at lower time frames?
I think bulls are very weak, and asian market won't help.
Divergences are ~%70 false according to most analysts...

Reply
No, I use only weekly and daily for entering trades. You can't combine a weekly with a 5 minute.
Regarding divergences, I doubt that 70% are fake. The trick is to have proper triggers, to consider larger time frames and the trend
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Check this out kardesim
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All right. It makes sense to use these charts as trading diary. I do the same. Good luck.
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Thanks, same to you :)
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Why do you not use the comment function on the original chart? Creating more "new" ideas?
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Because it is a new trade and I like to have a new chart with it. The charts that I publish are in no way advertisements, advices, or gloating, it is my trading journal. Each trade has a chart, and when it is a position trade it might have more charts. I did not make this chart big so it does not take up space, and I even wrote republish in the title so the user will not be confused into viewing the chart for no reason.
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