EUR/USD vs MACD

[S.R.G.]

Hello again,

We are all here to educate ourselves to become better in our trading. Thus I share with you a picture of the EUR/USD and short MACD.

According to MACD "rules" this looks to be a classical case divergence.

Price is still going up - but it is getting harder and harder and MACD is forming lower highs and lower lows. (Quite logically since it is made up of averaged lagging price information)

Lets see if the euro will go up for a last time before dollar will strengthen and perhaps break the bottom of the incline wedge formation.

Wither or not the dollar will strengthen against the EUR - this paints a clear picture of the current fundamental uncertainty in the eur vs usd.

Regards,

S.R.G.

 

[FetteredChinos]

are those Darvas boxes?

are they any use?

 

[S.R.G.]

are those Darvas boxes?

are they any use?

Darvas boxes... well not exactly.

I am not to familiar with Darwas more than box top is moved up as long as new highs are being made and if not, you sit tight and wait until price is moving higher - thus indicating an trends and vice versa on a downtrend using the bottom and lows.

Since the chart is a 60 min chart displaying 10 days of price action I consider this to be more of an intermediate trend, thus the center stage of bigger players = using large S/L, positions (than I) and focusing more on daily/weekly high/lows and so on.

So to get a bit clearer picture I use the daily highs and lows, like I would use weekly h/l's when looking at a daily charts aso.

Regards,

S.R.G.

 

[S.R.G.]

So far MACD was accurate on hinting for a downturn in the EUR.

 

[Trdr]

Support/Resistance

MetaStock code, period set to 2

LookBack := Input("Look Back Periods",1,1000,2);
Resistance :=ValueWhen(1,Cross(Mov(C, LookBack,
S),C),HHV(H, LookBack));
Support :=ValueWhen(1,Cross(C,Mov(C, LookBack,
S)),LLV(L, LookBack));
Resistance;
Support;

 

[S.R.G.]

Support/Resistance

MetaStock code, period set to 2

LookBack := Input("Look Back Periods",1,1000,2);
Resistance :=ValueWhen(1,Cross(Mov(C, LookBack,
S),C),HHV(H, LookBack));
Support :=ValueWhen(1,Cross(C,Mov(C, LookBack,
S)),LLV(L, LookBack));
Resistance;
Support;

???? - did you post the wrong thread?

 

[Trdr]

No S.R.G., just overlooked advising FetteredChinos the chart was directed to his question — re Darvas Box.

I've no intention of hijacking your thread.

 

[Baruch]

are those Darvas boxes?

are they any use?

Well, they made Nicolas Darvas a fortune, so I supposte they are... :cheesy:

 

[jezza888]

Well, they made Nicolas Darvas a fortune, so I supposte they are... :cheesy:

LOL


You just won't let it lie will you Baruch! Think we get the point....

 

[Baruch]

LOL


You just won't let it lie will you Baruch! Think we get the point....

OK, if you got it, I suppose all got it... :cheesy: