Disliked{quote} Hi, The only HD that I can see on Gold is this one, but it is not a strong signal IMO. I'm not sure I would have taken the trade. {image}Ignored
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Divergence and hidden Divergence 122 replies
Hidden Pending Order and Hidden Trailing Stop Ea pls 4 replies
It's All About Hidden Divergence: Follow the trend 2 replies
Hidden Divergence 7 replies
Hidden Technical on Usd/Jpy 15 replies
Disliked{quote} Hi, The only HD that I can see on Gold is this one, but it is not a strong signal IMO. I'm not sure I would have taken the trade. {image}Ignored
DislikedHere is a potential HD setup on the 4HR chart, if price turns around. We are at a major Fib level. There is a regular divergence pattern on the 1HR chart, but price will have to cross the dotted trendline and MACD will have to cross its zero line down, those are the criteria I personally use. We have to be patient, but this an example of the way I monitor charts. {image}Ignored
I will be using that method more often and will post results. It is very promising. However, when the trading timeframe is too short like the 5 minutes, it keeps you in front of the screen. You don't want to miss the winning trade that will make the difference on a cost average basis.
DislikedHere is food for thoughts on managing a trade in a hidden divergence situation: we identify a HD pattern. On the 4 HR chart, the oscillators were making lower lows crossing the horizontal dotted line, but price was going the other way. This is the sign of a hidden divergence (bold yellow lines). That is when I go to a shorter timeframe to look for entry signals. entry signals on the lower TF. From a 4HR chart, I usually go to the 1 HR TF. We can wait for a cross of a trendline like the dotted one to enter. This is what I call an aggressive method....Ignored
DislikedHere is food for thoughts on managing a trade in a hidden divergence situation: we identify a HD pattern. On the 4 HR chart, the oscillators were making lower lows crossing the horizontal dotted line, but price was going the other way. This is the sign of a hidden divergence (bold yellow lines). That is when I go to a shorter timeframe to look for entry signals. entry signals on the lower TF. From a 4HR chart, I usually go to the 1 HR TF. We can wait for a cross of a trendline like the dotted one to enter. This is what I call an aggressive method....Ignored
DislikedSorry for the spam haha. Im backviewing it now on the charts. It looks very promising, sometimes you can make +6 wins on the lowest scale in timeframe. But one question: if you can make +6 wins on the lower timeframe, in this case the 5 minute TF, why would we enter in the first place on the medium timeframe (1H), cause that just will be 1 winner in multiple hours. Isnt it better to skip that medium timeframe entry, and just solely trade the lowest scale in positions? It would take less time to make more winst then.Ignored
Disliked{quote} Hi Jube, Here is an example of a recent price move to illustrate my point: The first chart on the left shows that the indicators are getting higher levels than their last swing highs, but price is still lower than the last swing high. That is when I mark the pair as a potential hidden divergence pattern for that timeframe (Weekly for instance). Then I would switch to the next lower timeframe to confirm the pattern. On the Daily chart, I would wait for the MACD to cross the 0 level. For me, this is the confirmation that the HD pattern on...Ignored