Looking at the above chart, I added the 34 ema to show the strength of the downtrend. Did anyone spot the Hidden Divergence setup near the text HA? I don't pull a trigger until the stochastics cross and the RSI crosses below the MA in the bottom window. Both must happen.
Looking at the above chart, I added the 34 ema to show the strength of the downtrend. Did anyone spot the Hidden Divergence setup near the text HA? I don't pull a trigger until the stochastics cross and the RSI crosses below the MA in the bottom window. Both must happen. Thx Reno
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Hi Mr renofaith
I am new to you thread and just got the time to read these 20 something pages,thank you so much I will follow rules and apply.....I really like thissystem how simple it can be with trading and not cluttering the chart with many indis :-)
{quote} Hi Mr renofaith I am new to you thread and just got the time to read these 20 something pages,thank you so much I will follow rules and apply.....I really like thissystem how simple it can be with trading and not cluttering the chart with many indis :-)
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Thank you so much for the kind words scsstnt, I like to keep things simple when possible. I'll help you with any question you may have. If I don't have the answer, I will find the right answer. Although the 1H chart is my favorite, these trades happen on 'all' TF.
It's also very helpful to review all information at babypips when you have spare time. I go through the courses every year just to keep it in my memory. Babypips is where I started.
Wow....amazing....I read about hidden divergence before but you application on the chats are beautiful....thank you so much this is definitely the best xmas present :-) for any trader.
Wow....amazing....I read about hidden divergence before but you application on the chats are beautiful....thank you so much this is definitely the best xmas present :-) for any trader.
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Well, thank you again for the kind words. I used to trade all kinds of lines before. I don't know why any trader who wants pips wouldn't trade this now. I know what you wanted for X-mas, LOL
Best Regards,
Reno
p.s. the spreads are getting better now too! Happy Trading scsstnt!
The spread is fine now, but don't get caught in the trap. Price may be reversing. Checking more TF and maybe just waiting for price to make a move. {image}
That was fun!! EJ closed 'above' trend line on the 15m. Allowed me to negate my trade. Hope everything worked out for all of you. Sometimes (in my case, success comes with no trade, no risk).
{quote} Can you explain why you selling at that price?
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Yes, that's where the first candle of this session closed at. There was a gap at the opening bell, a large price drop. The spreads are always higher at opening bell too. The first hour or so of trading the 'gap' often tightens (it did), but then the price would often return to the bearish move, which it did not. The stochastics was showing a divergence; a move back to the upside. If you did not understand that please let me know.
The text I entered is incorrect, it says the second green line should be the entry for the regular divergence trade, which is doing well I think. The smartest entry would be the candle that 'closed' above the trend line, not the 2nd green line.
{quote} Yes, that's where the first candle of this session closed at. There was a gap at the opening bell, a large price drop. The spreads are always higher at opening bell too. The first hour or so of trading the 'gap' often tightens (it did), but then the price would often return to the bearish move, which it did not. The stochastics was showing a divergence; a move back to the upside. If you did not understand that please let me know. Thx Reno
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Its perfect i understand now I made a previous error about price being below 20 when it was above on 1H and crossed showing diversion as you said.
Yes everything says buy.....good that you have a pending order,not activated. Im looking for hidden and normal visible diversion on other pairs,i still list your 15 that you trade,i think its enough for me to practice. 15m - 1h and 4h will concentrate on and also notice how the price behaves on all TF below and above 20/80 levels....thank you for that really good explanation.
{quote} Its perfect i understand now I made a previous error about price being below 20 when it was above on 1H and crossed showing diversion as you said. Yes everything says buy.....good that you have a pending order,not activated. Im looking for hidden and normal visible diversion on other pairs,i still list your 15 that you trade,i think its enough for me to practice. 15m - 1h and 4h will concentrate on and also notice how the price behaves on all TF below and above 20/80 levels....thank you for that really good explanation.
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You've done some homework... super. Thank goodness for PO is all I can say. I'll post a pair or a chart if I can get to it quickly enough with trading opportunities. If you have time, check out the EUR/CHF 30min. You may have to use a line chart to see the HD. Best of luck to ya, and I love some Def Leppard!! Good Stuff!
