Divergence--untamed beast or man's best friend?

[thruline]

This sell still on.

 

[thruline]

I've attached a usd/chf set with a 2hr and 30 minute chart. On the 2hr TF, the downmove doesn't show a regdiv, suggesting the move may continue lower. On the 30 minute there is both a revdiv sell (points #1 and #2 in price and both indicators) and a regular divergence buy at the end of the move that works out.

Thru

 

[sunnyskies]

In this chart on the 30min, there's another higher low on the indicator before the one you marked (and traded?). and that earlier diver is a failure. i dont understand why you didnt mark it. because it was a failure?

Quote from thruline:

I've attached a usd/chf set with a 2hr and 30 minute chart. On the 2hr TF, the downmove doesn't show a regdiv, suggesting the move may continue lower. On the 30 minute there is both a revdiv sell (points #1 and #2 in price and both indicators) and a regular divergence buy at the end of the move that works out.

Thru

 

[thruline]

See attached chart:

I wait for confirmation. Bar color change reflects shift of MACD from neg to positive territory. Color doesn't change until next move down. Inner BB is first resistance and is not crossed until after next move down.