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One Hour Sniper (OHS)

  • #281
  • Jun 29, 2017 12:41pm Jun 29, 2017 12:41pm
Check out POST #261 (page 14). Diamond illustrates divergence and hidden divergence with his example if anyone is unsure what to look for.
Happy Trading to all of you.
Renofaith
  • #282
  • Jun 29, 2017 1:23pm Jun 29, 2017 1:23pm
Hi Reno,
Thanks for sharing/responding to everyone. Similar to yours, my journey started with different flavors of TMS/TDI, AND, similar to you (as well others), have a job/busy lifestyle and am looking to keep charts simplified....so this strategy is fitting. I've read all the posts (re-read some) and summarized your posts for myself. I have been confused at times (similar to ratsalad's posts) on your rules verses what you post. I understand there is some leeway given for any particular trader. I have to be nimble in that I CAN'T check MT4 charts at work (network firewall "thing"), but I can use TradingView charts. Also, checking every 4 hours is about all I can do until I get home, and get very discouraged when I get home and see, in retrospect, all of the potential trades I could have taken. The TradingView Stoch indicator looks/reacts just a little different than MT4 (or so it seems). It's still in the ballpark, but sometimes the gap isn't there, or the main line doesn't go as high, etc. Still, the approach is still the same. I will try to reply again with what I think your rule entries/exists are. You may wonder why I would to that when they look pretty simple: I think some of the repeated questions you're getting is self-explanatory. I have enjoyed reading your thread, the additional traders' inputs, and have adjusted my charts to do a bunch of back testing.
Good trading and PIPs to ALL!
  • #283
  • Jun 29, 2017 4:05pm Jun 29, 2017 4:05pm
Quoting lctrader11
Hi Reno, Thanks for sharing/responding to everyone. Similar to yours, my journey started with different flavors of TMS/TDI, AND, similar to you (as well others), have a job/busy lifestyle and am looking to keep charts simplified....so this strategy is fitting. I've read all the posts (re-read some) and summarized your posts for myself. I have been confused at times (similar to ratsalad's posts) on your rules verses what you post. I understand there is some leeway given for any particular trader. I have to be nimble in that I CAN'T check MT4 charts...
Hello lct, Thank you for your comments. The first time I saw TMS, I knew it was for me. On the other hand, I wasn't willing to read ALL those posts. I didn't everything I could to create my own TDI. This thread is only 15 pages long, and I've changed the rules already. This is what I know to be a fact, I'm keeping my STO, my fractals, and my hidden divergences. Not only is it the only leading indicator in the market, most of the time, the set up does fit the 'sniper' criteria.
As far as the nimble goes, I don't have a problem trading half my normal lot size if I don't get a perfect sto crossover, or if a TL hasn't been broken. I believe you and I think in a very similar way.
Please feel free to post, comment, suggest anything you think might help.
Have a great holiday weekend, I've already got myself set up to trade!
Renofaith
  • #284
  • Jun 29, 2017 4:10pm Jun 29, 2017 4:10pm
Sure hope this turns into something nice. Hidden divergence!
Renofaith
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  • #285
  • Jun 29, 2017 4:17pm Jun 29, 2017 4:17pm
I just pulled the trigger on this one off the 1H.
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  • #286
  • Jun 29, 2017 4:27pm Jun 29, 2017 4:27pm
I think you nailed that one going long. In the beginning of your thread you started to identify direction with vertical lines/arrow. It would be helpful to the less experienced if they knew which way you were heading...just a suggestion...sometimes it's obvious, sometimes not. Will follow you on this one; predicting 40 pips for you.
  • #287
  • Jun 29, 2017 4:27pm Jun 29, 2017 4:27pm
LCT- This could've been yours Monday. It's still ascending. This is a D1 sto crossover, the WK is up as is the MN as well.
Renofaith
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  • #288
  • Jun 29, 2017 4:30pm Jun 29, 2017 4:30pm
Yep...my wedge broke about 12 NY Time yesterday....a couple of breathers along the way, but still looking good.
Need to hump it for the last 90 minutes before going home. Have a GREAT 4th weekend.
  • #289
  • Jun 29, 2017 8:29pm Jun 29, 2017 8:29pm
hidden divergence
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  • #290
  • Jun 30, 2017 3:11am Jun 30, 2017 3:11am
Hi, You seem to be very good at spotting divergences no matter which frame and it works. I guess one needs a lot of watching, practice and a lot of waiting. I understand You enter the trade once there is a STO crossing right? I am trying doing the same thing, unfortunately I see the divergence always when it has already happened. Do You have any advice for trying to spot them earlier? Thank You Reno for Your Help.
  • #291
  • Jun 30, 2017 5:59am Jun 30, 2017 5:59am
Quoting ralfy
Hi, You seem to be very good at spotting divergences no matter which frame and it works. I guess one needs a lot of watching, practice and a lot of waiting. I understand You enter the trade once there is a STO crossing right? I am trying doing the same thing, unfortunately I see the divergence always when it has already happened. Do You have any advice for trying to spot them earlier? Thank You Reno for Your Help.
The best thing to do here is practice,
How many trades do you see on EURUSD chart (mark what you would trade), and mark all divergences.

Attached Image (click to enlarge)
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And again kiwi trade
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tho, TL is broken, but we have strong supply at this level from past, will see.
  • #292
  • Jun 30, 2017 12:28pm Jun 30, 2017 12:28pm
I wrote this pdf. I know that this pdf can help a lot of struggling traders
Attached File(s)
File Type: pdf 4H SNIPER STRATEGY.pdf   397 KB | 7,823 downloads
  • #293
  • Jun 30, 2017 1:40pm Jun 30, 2017 1:40pm
Quoting xau
{quote} The best thing to do here is practice, How many trades do you see on EURUSD chart (mark what you would trade), and mark all divergences. {image} And again kiwi trade {image} tho, TL is broken, but we have strong supply at this level from past, will see.
Here's what I found in your Euro chart. How'd I do?
Attached Image (click to enlarge)
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  • #294
  • Jun 30, 2017 2:05pm Jun 30, 2017 2:05pm
I noticed I marked all the divergences, not just the ones that are sympatico with OHS. My bad.
  • #295
  • Jun 30, 2017 2:20pm Jun 30, 2017 2:20pm
It looks like if the crossover happens before June 24, you'd take that trade for a big win. Then another crossover showing bullish divergence, hold for a big win, ignoring the hidden bullish divergence (orange lines) as we're already long. The question becomes (as it usually does) - when should we exit? The next bit of divergence I see won't be detected until March, after which this trade has soured.

The hidden bearish divergence trade in September would be good for a massive pip gain, exiting at the next divergence spotted, which is bullish, ride that for a big win until the next divergence which is bearish, and missing from my markup is a hidden bullish divergence between the March 2017 troughs that would serve you well until present day.

This system obviously works, although it would demand possibly more patience than I have. It also needs some clearly defined exit criteria to avoid a loss at the hands of a painfully long retrace, without taking you out of the long winning trades.
  • #296
  • Jun 30, 2017 4:42pm Jun 30, 2017 4:42pm
Quoting ralfy
Hi, You seem to be very good at spotting divergences no matter which frame and it works. I guess one needs a lot of watching, practice and a lot of waiting. I understand You enter the trade once there is a STO crossing right? I am trying doing the same thing, unfortunately I see the divergence always when it has already happened. Do You have any advice for trying to spot them earlier? Thank You Reno for Your Help.
What you may need may be on page 13, post 244. If that does NOT help, please let me know. We're gonna get 'good' at this stuff.
Thx Renofaith
  • #297
  • Jun 30, 2017 4:54pm Jun 30, 2017 4:54pm
Quoting clemmo17
It looks like if the crossover happens before June 24, you'd take that trade for a big win. Then another crossover showing bullish divergence, hold for a big win, ignoring the hidden bullish divergence (orange lines) as we're already long. The question becomes (as it usually does) - when should we exit? The next bit of divergence I see won't be detected until March, after which this trade has soured. The hidden bearish divergence trade in September would be good for a massive pip gain, exiting at the next divergence spotted, which is bullish, ride...
AN OPTION FOR EXIT (there are countless ways of exiting). Create 3 exits ( I only use 2). Exit 1/3 at 1:1, exit your 2nd portion at 2:1, trail your final position by the fractals. There are countless ideas on this. I googled it.
Hope this helps-
Renofaith
  • #298
  • Jun 30, 2017 4:55pm Jun 30, 2017 4:55pm
Quoting Giro9
I wrote this pdf. I know that this pdf can help a lot of struggling traders {image}
THANK YOU very much for the pdf. I have one thing to say... clarity is power!
Thx again-
Renofaith
  • #299
  • Jul 1, 2017 3:35am Jul 1, 2017 3:35am
Quoting Giro9
I wrote this pdf. I know that this pdf can help a lot of struggling traders {image}
Thank You Giro 9 very helpful and excellent advice, few words says it all, have a nice week-end to all of You
  • #300
  • Edited 9:17am Jul 1, 2017 8:59am | Edited 9:17am
refleksi EU TF H4
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