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)


①     Is stochastic index for obtaining signal of preceding 5ma (moving average) which mean that we can ensure 2~3 candles up at least
②     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