Friday, May 2, 2014

It is 30 minute chart of EUR/CAD (Euro against Canadian dollars)

It has been long time no write
Today is weekend of 3 may
We, Korean, celebrity for Buddha’s birthday 6, may 2014. (After tomorrow)
Enjoy a golden weekend!

For the sake celebration of Buddha day
I would like to inform you a small gift of Forex trading
I hope you to believe “what you see is what you get it)

It is 30 minute chart of EUR/CAD (Euro against Canadian dollars)
Let us see what is going on it (Monday, 5/05/2014)


     Is stochastic index for obtaining signal of preceding 5ma (moving average) which mean that we can ensure 2~3 candles up at least
     Is black box. We may well adopt the box’s theory. According to the theory, we may have the strategic “come down on the right side of fence,” I mean the side of the winners, if this is game between bullish and bearish. The winner will bull with 85% statistic.
For sure and for softy, I would like you to keep your eye on break point of box with big candle.
Tip!
See the triple divergence marked with three stars
I call it “stochastic divergence” in 30 minute chart which has high probability of turning point of uptrend   
     

The above chart is 2 minute candle chart
Watch out the breaking box with a big candle
Also contrast on the relation 30 and 2 minute candle chart.
Especially 5ma in 30 minute chart is equivalent with 60ma in 2 minute chart.

Hence in order to uptrend of 5ma in 30 minute chart, you will see it 60ma in 2 minute chart uptrend. Indeed Yellow line(20ma) will be double bottom on 60ma in 2 minute chart  ( see the detail movement in the big box )

have nice a weekend ! 
yours Cassandra