There is also bearish HD on AUDUSD on 4hr TF. macd crossed below 0 on 1hr TF and support trendline is also broken. Looking at here to sell below 0,7150, potential TP could be 0,7080/0,7050
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DislikedIs there any indicator which draws Hidden Divergence on chart ? Or it will be better if someone post the chart when they see some divergence developingIgnored
Disliked{quote} Read the thread. There are quite a few charts posted showing HD developping.Ignored
DislikedThere is also bearish HD on AUDUSD on 4hr TF. macd crossed below 0 on 1hr TF and support trendline is also broken. Looking at here to sell below 0,7150, potential TP could be 0,7080/0,7050Ignored
DislikedChamane and dany78, thanks a lot for your screenshots and explanations. This system is no. 1 in my shortlist of systems if I will start live trading. I made an experiment with adding monthly and yearly pivot trying to understand should we look at such levels in this system (while trading H4 TF)... but seems like it does not matter....I think nothing should be added to Chamane's template, it works great.Ignored
Disliked{quote} Bruderx, I suppose you were referring on those charts. A HD pattern on the 4 HR TF and a regular divergence on the 1HR. The success of a trade depends a lot on the way we manage it. In this example, you can either enter at the cross of the (dotted) trendline on the 1HR, or at the cross of the zero line of the MACD (circle), wich I prefer. But in that case, I have to keep the stop loss tight and I usually bring it to breakeven + few pips as soon as price reaches around half the risk. If you would entered at the cross of the trendline, you...Ignored
Disliked{quote} Chamane, thank you for sharing your money management practice. Yes, I referred to the chart you attached. In that case I entered a bit later after macd crossed and there was no room to reach even half of the risk. Sometimes it is hard to find the balance between entering early or late. Entering early with a tight SL could be more risky but in that case it would have been a good idea as you suggested. On the other hand entering later could be safer when price reversal is confirmed more. I usually enter two positions halfing the risk. The...Ignored
DislikedThere is also a developing HD on EURUSD daily worth watching I think.{image}Ignored