johan.verm
Long

Bullish to 2,95166

FX:USDTRY   U.S. Dollar / Turkish Lira
106 9 5
Bull divergence....Could bounce against MA100 and lower channel TL ...Have a nice day ..
Trade closed: stop reached: Election of Erdogan I guess ...:-)
hmmmm ... what's happened ?
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Bad weekend I guess...:-)
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johan.verm johan.verm
For the us dollar I mean....:-)
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You are right...I'm also doubting this trade now.. .Looks like it breaks trough the MA100 for heading to the MA 200...Stop loss onder level of the MA200....2,89700...In this case ,should I use a volume indicator Ivan?Do you have experience with ATR or obv ?Market is starting sundayevening so I guess volume will not that big to break the MA 100 .So make one more up in the channel...
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IvanLabrie PRO johan.verm
Volume data for this pair can be ok, but not perfect.
I use volume profile.
Don't let others' setups distract you if this is a technically valid setup for you though.
If you are stopped, you can reverse.
I posted an idea just now, check it out.
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johan.verm IvanLabrie
Ok ,thanks ...Divergence is not always a perfect indication.....Have a nice weekend...
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IvanLabrie PRO IvanLabrie
ATR I like to use a combo of a 1 period ATR with histo and an area ATR 11.
ATR 11 value you can use 1x, 2x or 3x size, for your stop loss. It's what many pros do.
It'll always be a rather good SL and TP. 1 atr sl, 2 atr tp for example. Very good and high probability to work.
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johan.verm IvanLabrie
Thanks ...I 'll try to use/analyse it....
+1 Reply
Whenever I see that kind of divergence, it mostly looks like the drop was just faster and thus a new structure, down.
In my experience at least...
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