EURJPY: A young HD pattern forming on the Daily. Still a long way to go, but worth monitoring.
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Divergence and hidden Divergence 122 replies
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Hidden Technical on Usd/Jpy 15 replies
DislikedChamane, I appreciate how clean and simple your charts are. I find myself often missing out on great setups due to work responsibilities. I've started to focus my attention to longer TF's, (Monthly & Weekly) I have yet to come across an alert for mt4 that effective on identifying candle divergence (on chart), along with Stoch & Macd combined. Individual pieces, yes) Would appreciate any tips and or advice you have for the typical 9-5'er who has to work around their 'life-style' would be greatly accepted. Side note, i've lurked and read through your...Ignored
Disliked{quote} Hi Mojotrades, Thanks for the kind words. I'm not different from other traders here on FF. Just trying to find my Holy Grail. I am contributing as much as I can and I am expecting others to do so. I have gathered quite a few tips the past few years that way. Mind you, you also have to give credit to Dany who started this thread. I miss out many HD opportunities myself since I am not trading full time. That's why I also prefer higher timeframes, not to mention that drilling down as I do sometimes brings me to small timeframes that do not...Ignored
Disliked{quote} Sir I only have one issue now.. this MACD crossing zero line... How do you fix it to it? Do you manually draw out zero line or how do you get it? I spot many HD and normal D mosttimes but I don't know weather to take trade or not cause there's no zero line on mine.. and if you manually draw it what do you consider before drawing it? Do you calculate lines or you just draw a zero anywhere ... Please explain to me please . thanksIgnored
Disliked{quote} Flashyberry, I'm not sure that I understand your question. Just look at your MACD indicator, you should see the zero level at the right end of it (arrow). The cross of MACD zero line is when the indicator line crosses the zero level. {image}Ignored
DislikedA clear hidden divergence pattern on the Daily chart and one entry so far in the trading zone on the 30 min TF. {image}Ignored
Disliked{quote} Seek your thoughts on trade management: How do you set the target when trading using drilldown technique & MACD. One of the common issues I saw in my recent trades is incorrect target setup. When taking an entry in M15 based on an HD in H2, I keep the target based on H2 chart & stop is based on M15 swing high. The common outcomes I got are; a) earned profits are given back due to either break-even or stop hit trades, b) profits are booked too early based on M15 chart whereas trend continues hitting target of H2 chart. From pyschological...Ignored
It may seem academic and theoretical, but that's what I am trying to do the best I can. I don't trade for a living right now, but even with my small capital and consistent winning record, it can bring me very far.
DislikedA clear hidden divergence pattern on the Daily chart and one entry so far in the trading zone on the 30 min TF. {image}Ignored
Disliked{quote} Hello Chamane, Apologies if i have missed this on the forum, but how are you determining the 'trading zones' (blue blocks) on the 'trigger' time-frame, in this case the H4? Thank you. Also, have you uploaded a template previously with the arrow when it crosses over what looks to me like a qqe but on the candlestick chart..? Thank you Chamane!Ignored
DislikedInteresting to see your management techniques. I wanna share mine too Bigger timeframe: Spot the HD pattern on the Bigger timeframe. Medium timeframe: Wait for the trading zone to start Smaller timeframe: Entry/Entries When an entry occurs, I enter 2 positions of 0,5% risk each, both with the SL at the last swing high/low. Position 1: Target R:R=1. Move SL to Break-Even when half of the target is reached. Position 2: No fixed target. Move SL to Break-Even when Position 1 is also moved to Break-Even. Take profit when the 26 period middle...Ignored