One Hour Sniper (OHS)

One more thing. Since this indi doesn't do a good job of clearing up its arrows when you switch TF, here's a script that will delete all objects from your chart. Just run the script, right-click the chart, refresh, and you're back in business.

Please confirm that this is indeed what you had in mind: "(i.e. buy above 80, and sell below 20)"

Thanks

Hi, I find your strategy really interesting. Could someone help me with this images? I spot this chart but i think it's too late to enter in a short position. What do you think? Thanks

Augh, no I meant the opposite of course. Accidental transposition. Thanks for catching that.

Hi all! Here it is another situation I think must be watched.

This is a good thread, with a good method, a simple and robust one, why noone posting anymore?

?

I did tested forward on live and results are pretty good, i used discretionary exits but entry's are as per thread rules

Greetings friends, we all know divergence trades can be found on all TF. I've spent the better part of 18 months of digging to improve on what I've learned about following the trend. I have changed the sto settings I used to use, I've eliminated some indicators. I don't use MTF anything. I simply trade what I see. I currently trade the 1H and 4H, I dabble the 1 minute when I have time.

I have added a couple of indicators. However, I do feel it worth mentioning here that the heiken ashi is my friend, along with the trend of course.

I now use the 833 sto for my divergences, all of them. I've used this alone and I believe it can be done, however I found an indicator combination that has allowed me to not only 'wait', but at times walk away from LOSING MONEY.

This combination indicator is the RSI (14) combined in the same window as a 14 EMA/ Previous indicator data.

Thx Renofaith

I've added the 34 EMA to help me with trend direction on the 1 minute.

NOTE the (2) green vertical lines indicating possible entries. Either entry would have made me good pips, if you plot and use the rsi/ ma indicator at the bottom, you will avoid entering bad trades. I enter only on the RSI/EMA cross.

Enjoy,
Thx Renofaith

The trade you see is actually based on the 4H, you can disregard. I did have a good week.

Did you all catch the NEXT hidden divergence that I did NOT mark?

Hello friends, I have it marked on this chart, with a green vertical line. NOTE the RSI/EMA crossed 'quickly', the way we want.

If you trade divergences, I would NOT trade without a confirmation of the rsi/ema cross.

I trade a live account now. Not every trade will win. Best of luck to you all.

Thx Renofaith

Again, I have added a 34 EMA. It helps me determine trend. If it clutters your charts, leave it off.

This is not my creation, I have combined knowledge from a number of successful traders. I don't like clutter, you'd never know that looking at my charts.

Your charts need to make you happy.

The charts I post is what I use 'most' of the time.

Thx Renofaith

VERY IMPORTANT HELP.....

As far as trading live, I'm not here to brag. I'm here to help if I can. My money balance will never be shown. It's none of anyone's business.

Question for you all, should I mark out my lots? It doesn't bother me posting it.

Thx Renofaith

I did not participate in this trade.

Thx Renofaith

5 minute chart. Note I would've entered on the 2nd red candle. The trade would've been 'just fine'. the 2nd red candle included the RSI/EMA cross. Also note the 'great difference' in contrast on the stochastic. That's what I look for.

Enjoy friends
Renofaith

Any trader would have smiled at the Loonie this week H4. If you have patience, this would have been a nice trade.

Thx Renofaith

pardon me, last week.

Good 15 minute chart on the Yen. Price below the 34 ema. Very good contrast on the 833, and I pull the trigger 'only' after the RSI/EMA cross.

I did not participate, however as you might notice, this was a set-up on a higher TF.

Thx Renofaith

Friends, this post is all about keeping it real.

Same pair, same TF, same rules, losing trade. Did anyone notice the regular divergence between the winning trade and the loser? I did not mark it.

Food for thought.

Thx Renofaith

Love trading divergence. Everyone have a fantastic weekend. Keep it real.

Thx Renofaith

A gift from above. Regular divergence showing price likely to head down. In addition, hidden divergence showing a trend continuation.

The trade would have still been active, likely 2R (two times the risk). I'll take that any day.

I do trade NYClose charts. Hope that didn't mess anybody up.

Thx Reno

5 minute TF. I would not have taken this. Price gets a bit too close to my SL. Price is on the wrong side of the 34 EMA. For the 5 minute chart, there are so many opportunities. This trade would have worked. I really like the stochastic set up here.

Thx Reno

The entry on this hidden divergence trade happened on a close below the 34 EMA.

Thx Reno