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Hidden divergence

  • #2,001
  • May 24, 2019 4:26pm May 24, 2019 4:26pm
Here are three pairs that had a recent hidden divergence pattern on the Daily chart and an entry on the 4 HR chart (yellow circles) this week.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.png Size: 35 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.png Size: 40 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 36 KB
  • #2,002
  • May 26, 2019 11:45am May 26, 2019 11:45am
Quoting chamane
Here are three pairs that had a recent hidden divergence pattern on the Daily chart and an entry on the 4 HR chart (yellow circles) this week. {image} {image} {image}
Hello sir, please is there a possibility for these pairs EURJPY to go bearish again.. cause I still see HD on 1D time frame and on the 4h it seem it's seem like it already got a bearish.
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,003
  • May 26, 2019 4:05pm May 26, 2019 4:05pm
Quoting Flashyberry
{quote} Hello sir, please is there a possibility for these pairs EURJPY to go bearish again.. cause I still see HD on 1D time frame and on the 4h it seem it's seem like it already got a bearish.
Everything is possible. For EURJPY, price has some room to reach the double bottom we see on the 4HR chart. But it doesn't mean it will go there.
  • #2,004
  • May 27, 2019 12:57am May 27, 2019 12:57am
Okay great.. still waiting for good setup for the week.
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,005
  • May 27, 2019 4:32pm May 27, 2019 4:32pm
Watching this pair closely.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 44 KB
  • #2,006
  • May 27, 2019 5:20pm May 27, 2019 5:20pm
Quoting chamane
Watching this pair closely. {image}
Please when it reaches the circle let us know. So we hit sell... I really need to take that trade.
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,007
  • May 27, 2019 6:43pm May 27, 2019 6:43pm
Quoting Flashyberry
{quote} Please when it reaches the circle let us know. So we hit sell... I really need to take that trade.
It might take a while as price seems to be going up right now.
  • #2,008
  • May 29, 2019 12:43am May 29, 2019 12:43am
DOW
Attached Image (click to enlarge)
Click to Enlarge Name: DOW.png Size: 47 KB
  • #2,009
  • May 30, 2019 2:51pm May 30, 2019 2:51pm
AUD/CAD

Daily:
Hidden divergence
Fibonacci 38.2% rejection
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily 30052019.png Size: 53 KB



4H:
Regular Divergence
Trendline breakout
*Waiting for MACD to cross zero line.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4 30052019.png Size: 47 KB
  • #2,010
  • May 30, 2019 3:06pm May 30, 2019 3:06pm
Quoting Wonderfull
AUD/CAD Daily: Hidden divergence Fibonacci 38.2% rejection {image} 4H: Regular Divergence Trendline breakout *Waiting for MACD to cross zero line. {image}
Good day pal, may I have the indicator on the left corner of your chart please.
  • #2,011
  • May 30, 2019 3:13pm May 30, 2019 3:13pm
Quoting vendemilo
{quote} Good day pal, may I have the indicator on the left corner of your chart please.
Hello, here it is:
Attached File(s)
File Type: mq4 #2 Access Panel (Black).mq4   164 KB | 264 downloads
  • #2,012
  • May 30, 2019 4:00pm May 30, 2019 4:00pm
Quoting Wonderfull
AUD/CAD Daily: Hidden divergence Fibonacci 38.2% rejection {image} 4H: Regular Divergence Trendline breakout *Waiting for MACD to cross zero line. {image}
AUD and NZD give often similar results. I'm in on NZDCAD.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD.png Size: 45 KB
  • #2,013
  • May 31, 2019 5:52pm May 31, 2019 5:52pm
Quoting Wonderfull
{quote} Hello, here it is: {file}
thanks mate.
  • #2,014
  • Jun 3, 2019 7:06am Jun 3, 2019 7:06am
Gerald Greene in his book has mentioned that he accepted timeframe correlation ratios (e.g. 8:1, 12:1) as he got it. I wanted to understand (if possible) little further on this multi timeframe correlation, why it should & shouldn't work? Any interesting reads/pointers will be of help.
  • #2,015
  • Jun 3, 2019 8:22am Jun 3, 2019 8:22am
Quoting rmchokku
Gerald Greene in his book has mentioned that he accepted timeframe correlation ratios (e.g. 8:1, 12:1) as he got it. I wanted to understand (if possible) little further on this multi timeframe correlation, why it should & shouldn't work? Any interesting reads/pointers will be of help.
Hi rmchokku,

Here is how Greene explains the ratios:
"I have discovered that the key to success is to reference two time compressions that have a ratio between 8:1 and 12:1. For example, if I use the 10-minute chart with the two-hour chart, or the 30-minute chart with the four-hour chart, or the two-hour chart with the day chart, the market harmonics allow the trader to make decisions using the market oscillations more effectively. When working with these ratios the various oscillating tools seem to work better. I have not tried to determine why these work, but have just accepted them and use them to my advantage".

This is how far his scientific explanation goes. Higher ratios also work but I try to stick to something around 10:1 as much as possible.
  • #2,016
  • Jun 3, 2019 11:59am Jun 3, 2019 11:59am
Attached are screenshots of US30 shortsell trade taken now. Bearish HD in H1, Trading zone in M10 and trade entry in M1.
Entry @ 24726, TP - 24650 & SL - 24774. Trade got stopped out. One of the mistakes I assume is that MACD line did not cross zero from above in the entry timeframe (refer circled area). Your feedback please.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 652 KB
Click to Enlarge Name: Screenshot2.png Size: 691 KB
Click to Enlarge Name: Screenshot3.png Size: 673 KB
  • #2,017
  • Jun 3, 2019 3:02pm Jun 3, 2019 3:02pm
Quoting rmchokku
Attached are screenshots of US30 shortsell trade taken now. Bearish HD in H1, Trading zone in M10 and trade entry in M1. Entry @ 24726, TP - 24650 & SL - 24774. Trade got stopped out. One of the mistakes I assume is that MACD line did not cross zero from above in the entry timeframe (refer circled area). Your feedback please. {image} {image} {image}
From your charts, that is what I see. When you enter a trading zone on the intermediate chart like you did (vertical line), you have to wait for MACD to cross the zero line from above on your trading chart.
  • #2,018
  • Jun 3, 2019 9:03pm Jun 3, 2019 9:03pm
How do I see this macd crossing 0. Cause I have some possible HD but don't know weather to take or not cause I'm still wanting it to cross 0 if it hasn't already.

I'm looking at CHF JPY H4
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,019
  • Jun 3, 2019 10:30pm Jun 3, 2019 10:30pm
Quoting Flashyberry
How do I see this macd crossing 0. Cause I have some possible HD but don't know weather to take or not cause I'm still wanting it to cross 0 if it hasn't already. I'm looking at CHF JPY H4
On the 4HR chart, we see the hidden divergence pattern, although it might disappear soon because price seems to have a strong momentum upwards. You can trade on the 4HR chart and enter for instance if price makes an obvious move downwards past the dotted trendline, or switch to the next lower timeframe and wait for MACD to cross irts zero line at the circle, the way I prefer. But be patient and follow what price does. As I said, price might continue going up. On the 1HR TF, it looks like it is bouncing up on the trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.png Size: 40 KB
  • #2,020
  • Jun 4, 2019 2:05am Jun 4, 2019 2:05am
Quoting chamane
{quote} On the 4HR chart, we see the hidden divergence pattern, although it might disappear soon because price seems to have a strong momentum upwards. You can trade on the 4HR chart and enter for instance if price makes an obvious move downwards past the dotted trendline, or switch to the next lower timeframe and wait for MACD to cross irts zero line at the circle, the way I prefer. But be patient and follow what price does. As I said, price might continue going up. On the 1HR TF, it looks like it is bouncing up on the trendline. {image}
Nice analysis .. the price kept going up on a 1h timeframe and I lost trade.
"The market doesn't care about you, stop hoping it will." Dirk
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