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1M Divergence, Price Action System

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  • Post #101
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  • Edited Dec 23, 2020 4:23am Dec 22, 2020 8:05pm | Edited Dec 23, 2020 4:23am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
i was late, but it will give one more chance upon retracement to BOS red line for better entry.

update: i am done 30pips, will take the partials.

update: price retrace to my 2nd entry and activate the pending order
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Keep learning, Stay humble! Never giveup or lose hope!
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  • Post #102
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  • Edited at 10:37pm Dec 22, 2020 9:40pm | Edited at 10:37pm
  •  Ah-Ong
  • | Joined Jan 2017 | Status: Member | 225 Posts
For those who need MacD + OsMA
https://www.forexfactory.com/thread/...0#post13193080
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  • Post #103
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  • Dec 23, 2020 5:47am Dec 23, 2020 5:47am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 266 Posts
Quoting bilal1947
Disliked
i was late, but it will give one more chance upon retracement to BOS red line for better entry. update: i am done 30pips, will take the partials. update: price retrace to my 2nd entry and activate the pending order {image} {image} {image}
Ignored
I kid you not I got hammered so many times trying to time regular divergence so I stopped trading it so much and I’m sold for this type of divergence off lows and highs that your entry method is solid. There’s no need to try to time the reversal because once you wait for BOS it’s pretty much a go. I’m done trading live until after the holidays but I’m going to be perfecting this entry method on the 5min timeframe.
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  • Post #104
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  • Dec 23, 2020 5:52am Dec 23, 2020 5:52am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 266 Posts
I’m watching EURNZD now and taking notes. I Honestly don’t get why most people on FF aren’t doing this. Divergence is the strongest play imo
1
  • Post #105
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  • Dec 23, 2020 6:05am Dec 23, 2020 6:05am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 266 Posts
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  • Post #106
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  • Dec 23, 2020 6:59am Dec 23, 2020 6:59am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 266 Posts
Again I’m not trading live until the end of the holidays but I did jump on my demo and take this trade. Not sure if it’s right or not but from my experience with divergence I do know that the first low is where price likes to head back to so because I have a nice divergence set up on the 5min I figured I could exploit this Move for like 12 pips because in order for it to break structure I think it has to build it first right? So now I’m back looking at the 5min chart
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  • Post #107
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  • Edited at 8:42am Dec 23, 2020 8:23am | Edited at 8:42am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
Very ugly candless made a 2hrs divergence, red line was my bos and gey rectangpe should be the perfect entry though. So a late entry too but i only need 10 pips as i was on job.

i was lucky to take my partial 90% and break even hit for the rest
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  • Post #108
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  • Dec 23, 2020 8:52am Dec 23, 2020 8:52am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
Quoting D1n3r0
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Again I’m not trading live until the end of the holidays but I did jump on my demo and take this trade. Not sure if it’s right or not but from my experience with divergence I do know that the first low is where price likes to head back to so because I have a nice divergence set up on the 5min I figured I could exploit this Move for like 12 pips because in order for it to break structure I think it has to build it first right? So now I’m back looking at the 5min chart {image}
Ignored
i too look this and made 10 pips, will break even now and take the partials too in a while.
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  • Post #109
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  • Dec 23, 2020 12:04pm Dec 23, 2020 12:04pm
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
Price missed my pending order by 3 pips and gave 40 pips
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  • Post #110
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  • Dec 24, 2020 2:22am Dec 24, 2020 2:22am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
About to done 10 pips
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  • Post #111
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  • Dec 24, 2020 4:54am Dec 24, 2020 4:54am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
Due to late entry price hit BE and running, luckily as per our rules we close 80% after around 10pips if our entry at 1st rectangular box would have been running!
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  • Post #112
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  • Edited at 9:52am Dec 24, 2020 9:24am | Edited at 9:52am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
Every bigger time frame starts from 1 minute first ...

Update: SL
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  • Post #113
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  • Dec 24, 2020 10:44am Dec 24, 2020 10:44am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
Re-entry and done 10pips earlier entry was only 2 pip SL if 10 pip i wouldn't stopped out.
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Update: m15
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  • Post #114
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  • Dec 24, 2020 10:06pm Dec 24, 2020 10:06pm
  •  sick35
  • | Joined Jul 2012 | Status: _ | 37 Posts
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Anyone interested on a divergences indicator for this system?


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  • Post #115
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  • Edited at 8:00am Dec 25, 2020 12:30am | Edited at 8:00am
  •  sick35
  • | Joined Jul 2012 | Status: _ | 37 Posts
1 was enough. Cheers


Merry Christmas



Attachment 3820739


File update
Attached File
File Type: ex4 Divergences for PA System (OBs).ex4   85 KB | 302 downloads
7
  • Post #116
  • Quote
  • Dec 25, 2020 12:56am Dec 25, 2020 12:56am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
Merry Chritmas!

Thank you for taking time out to make an indicator!

Is it possible to update in the indicator that for a divergence must one leg go in the between 70 - 85 for over sold, and 15 - 30 for over bought
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  • Post #117
  • Quote
  • Dec 25, 2020 2:39am Dec 25, 2020 2:39am
  •  aaven
  • Joined Jul 2015 | Status: Member | 2,267 Posts | Invisible
Quoting sick35
Disliked
1 was enough. Cheers Merry Christmas {file}
Ignored
Thanks a bunch Sick35- Have a great Christmas. Appreciate the indicator...
  • Post #118
  • Quote
  • Dec 25, 2020 6:18am Dec 25, 2020 6:18am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 604 Posts
Back testing setup GBPUSD

- Divergence
- BOS (red line)
- OB retest is entry

take profit 10 pips close 80% of lots
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Keep learning, Stay humble! Never giveup or lose hope!
  • Post #119
  • Quote
  • Dec 25, 2020 8:02am Dec 25, 2020 8:02am
  •  sick35
  • | Joined Jul 2012 | Status: _ | 37 Posts
Quoting sick35
Disliked
1 was enough. Cheers Merry Christmas 3820739 File update {file}
Ignored


Updated version
2
  • Post #120
  • Quote
  • Dec 25, 2020 8:09am Dec 25, 2020 8:09am
  •  aaven
  • Joined Jul 2015 | Status: Member | 2,267 Posts | Invisible
Quoting sick35
Disliked
{quote} Updated version
Ignored
Thank you once again for the effort...

PS: i see that you have included the RSI percentage for O/B and O/S.
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