usd-chf trading plan

[zyad]

As My Trading Style Or You Can Call It Personality, I Never Been Bearish Or Bullish All The Way. I Try To Be Flexible And I Plan A Trade And Take My Plan As The Market Move My Way And If I Am Right This Is Great But If I Am Wrong I Have No Problem As Money Managment Is The Key Of Succeed . Here Is My Plan For The Pair :

The Pair Is In A Down Trend And I Can See A Divergence On The Daily Chart (macd) Which Indicates A Reversal Of The Last Down Leg (trend) Beside A Weekly Doji Candle.this Reversal Either A Correction Or Real Reversal . According To My Plan The Price Should Visit These Numbers Before Shooting Up (1.0923-13-06). And It Have Three Roads To Go There:

1- Breaking The Patern (attached File).
2- Reverse From 1.0923
3- Reverse From (1.1049-55) Area .

Watching The Price Action Around These Levels In Intraday Basis Can Give A Good Reason To Paticipate In Either Direction . I Love To See Diveregence For Confirmation .

Your Comments R Appreciated .

Wish U A Proftable Week .

[infudibu]

Your chart was a bit small, but I could make out a triangle pattern.

Triangles setups can make great trades. I have not used divergence before.

Can you post a larger chart, showing divergence?

[zyad]

Your chart was a bit small, but I could make out a triangle pattern.

Triangles setups can make great trades. I have not used divergence before.

Can you post a larger chart, showing divergence?

HI INFUDIBU

IF U R NOT FAMILIAR WITH DIVERGENCE TAKE A LOOK AT THIS SITE :


http://www.forexproject.com/technical_analysis/divergence.html

ALTHOUGH DIVERGENCE IS A STRONG SIGNAL BUT THE BEST IS WHEN IT HAPENS WITH THE TREND .

REGARDING THE SIZE OF THE CHART I JUST SAVE IT AND POST IT HERE . ANY SUGGESTION TO MAKE IT BETTER LOOKING IS APPRECIATED CUZ I AM NOT GOOD IN COMPUTERS .

BEST WISHES ,