GbpUsd - Bulls - Dont hide under the rocks

FX:GBPUSD   British Pound / U.S. Dollar
957 11 21
Okay, I promised to only publish again in 2016 but this one is big one. So this is finally the last chart of 2015 so enjoy! Details of mechanism is in the chart.

I personally use the ultimate oscilitator , and i trade on 4 hour timeframe , and there is 0 divergence on that timeframe , in fact price is making lower highs while the oscilitator is making higher highs , hidden bearmish divergence . Price can go up because it hit a monthly low
FxSaint SPQRapid
No problem bro, if it goes up for any reason it is good for me. Everyone use different indicator & every indicator has different story to tell. I trade what I see & my indicator is telling Divergence here. More important thing is not indicator but understanding of market & ability to manage trade & risk simultaneously. Still I appreciate your feedback, thank you !
SPQRapid FxSaint
What type of oscillators did you use ? I see 2 but cannot recognize them ! Thanks !
FxSaint SPQRapid
I keep changing indicators & MA's. Because indicators & MA's are not part of my core strategy. However in this chart I have used RSI (14) & Linear regression bull & bear indicator from Nico_Muselle.
Fantastic result...Thank you and Happy Holidays!
+1 Reply
FxSaint IRLKori
Glad it helped you. Happy holidays to you too ! =)
+1 Reply
FxSaint P_Parker
Good one, much cleaner chart ;)
+1 Reply
P_Parker FxSaint
Hey its cleaner cause I dont know how to count waves, haha. Happy Christmas :-)
FxSaint P_Parker
Funny thing is I too dont know how to count waves ;) I just know basic count & if it fits in my idea I use it or else, I have simple lines like yours which works wonder for me. Happy & Prosperous New Year 2016 & Merry Christmas to your & your family, Cheers!
+1 Reply
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