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Hidden divergence

  • #2,021
  • Jun 4, 2019 10:29am Jun 4, 2019 10:29am
I see two opportunities developping on high timeframes:

  1. EURNZD Weekly: There is no clear trend, but we see a HD pattern with almost a double top. Switching to the Daily chart, price has crossed a trendline to the downside and we just got an engulfing candle. I will wait till MACD crosses the zero line (if it ever happens) to start a trading zone and then switch to the 2HR chart for entries in a cost averaging approach.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 43 KB

  1. EURCAD Daily: Here again, price seems to be going sideways, but there is a HD pattern. On the 4HR chart, I will wait for price to cross the trendline to the downside. If MACD crosses its zero line, it will start a trading zone and I will look for entries on the 30min chart.

Attached Image (click to enlarge)
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  • #2,022
  • Jun 4, 2019 10:47am Jun 4, 2019 10:47am
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}
Analysis under study: I added three Exponential Mvg Avgs - 10, 20, 30. If we look at H4 (HD) & H1(Trade Zone), the MAs are not aligned & also not going down supporting trade direction.

Can the expectation of MAs to be fanning in the intended trade direction across three timeframes (HD, Trade Zone and Trade entry) act as a filter?
Attached Image(s) (click to enlarge)
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  • #2,023
  • Jun 4, 2019 11:20am Jun 4, 2019 11:20am
Quoting rmchokku
{quote} Analysis under study: I added three Exponential Mvg Avgs - 10, 20, 30. If we look at H4 (HD) & H1(Trade Zone), the MAs are not aligned & also not going down supporting trade direction. Can the expectation of MAs to be fanning in the intended trade direction across three timeframes (HD, Trade Zone and Trade entry) act as a filter? {image} {image}
Yes, I think that it is a great idea. Actually, MACD being higher or lower the zero line plays the same role.
  • #2,024
  • Jun 4, 2019 3:42pm Jun 4, 2019 3:42pm
I dojt know if this is any close at all.. but I see a HD pattern on AUDCADi ... And you sent that too on the chat prior before now. Is it okay to make entry now at H4.. has the MACD cross the 0 line yet from your side?
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,025
  • Jun 4, 2019 4:13pm Jun 4, 2019 4:13pm
Quoting Flashyberry
I dojt know if this is any close at all.. but I see a HD pattern on AUDCADi ... And you sent that too on the chat prior before now. Is it okay to make entry now at H4.. has the MACD cross the 0 line yet from your side?
Yes, we see a HD pattern on the Daily Daily chart, but no sign of entry yet on the 4HR. There is no rush, as price might continue its ride up and then invalidate the HD pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.png Size: 112 KB
  • #2,026
  • Jun 4, 2019 6:20pm Jun 4, 2019 6:20pm
Quoting chamane
{quote} Yes, we see a HD pattern on the Daily Daily chart, but no sign of entry yet on the 4HR. There is no rush, as price might continue its ride up and then invalidate the HD pattern. {image}
Tanks I guess it has now crossed. Cox it seem I'm on profit.
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,027
  • Jun 5, 2019 8:01am Jun 5, 2019 8:01am
Quoting rmchokku
{quote} Analysis under study: I added three Exponential Mvg Avgs - 10, 20, 30. If we look at H4 (HD) & H1(Trade Zone), the MAs are not aligned & also not going down supporting trade direction. Can the expectation of MAs to be fanning in the intended trade direction across three timeframes (HD, Trade Zone and Trade entry) act as a filter? {image} {image}
If we plan an entry based on regular divergence (counter trend trade) then alignment of MAs and their order is immaterial.
  • #2,028
  • Jun 5, 2019 4:30pm Jun 5, 2019 4:30pm
Here is a HD situation on a Weekly chart. On the Daily, MACD just crossed the zero line starting a trading zone, so I will check for entries on the 2HR chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 45 KB
  • #2,029
  • Jun 5, 2019 7:34pm Jun 5, 2019 7:34pm
Quoting chamane
Here is a HD situation on a Weekly chart. On the Daily, MACD just crossed the zero line starting a trading zone, so I will check for entries on the 2HR chart. {image}
As I only trade Weekly/Daily combo, with HD, I couldnt help but see the HD LONG showing on both Daily MACD and Stochs on this one. Always difficult when there is such conflict between Daily and Weekly charts.
  • #2,030
  • Jun 6, 2019 12:25am Jun 6, 2019 12:25am
EURJPY has formed bearish HD in H4. Though MACD trade zone is present in H1 but momentum seems to have exhausted. Got to wait for next bearish momentum to form in MACD to make an entry.
  • #2,031
  • Jun 6, 2019 6:59am Jun 6, 2019 6:59am
Quoting rmchokku
EURJPY has formed bearish HD in H4. Though MACD trade zone is present in H1 but momentum seems to have exhausted. Got to wait for next bearish momentum to form in MACD to make an entry.
ECB rate decision has changed the view of short sell trades envisaged.
  • #2,032
  • Jun 6, 2019 11:25am Jun 6, 2019 11:25am
Quoting rmchokku
{quote} ECB rate decision has changed the view of short sell trades envisaged.
rmchokku,

Here is what I see about EURJPY. A HD pattern on the 4 HR chart, a trading zone on the 1HR and most entries (down arrows) on the 5 min are winning.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_.png Size: 32 KB
  • #2,033
  • Jun 6, 2019 11:38am Jun 6, 2019 11:38am
Some news burst the Eur this morning it seems., The setup is still valid and waiting for a signal downwards.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 51 KB
  • #2,034
  • Jun 6, 2019 12:07pm Jun 6, 2019 12:07pm
AUDCAD, bearish HD in Daily, trade zone is present in H2 and likely entry is envisaged in M15. Though trade zone existed earlier also in H4 & H2, I awaited alignment of moving averages and now they are aligned in H2.
  • #2,035
  • Jun 6, 2019 12:47pm Jun 6, 2019 12:47pm
hello Chamane,

Your finding finer entries with the H2 offline chart I see.
Are you also using that as an exit?
  • #2,036
  • Jun 6, 2019 2:39pm Jun 6, 2019 2:39pm
Quoting rmchokku
AUDCAD, bearish HD in Daily, trade zone is present in H2 and likely entry is envisaged in M15. Though trade zone existed earlier also in H4 & H2, I awaited alignment of moving averages and now they are aligned in H2.
I am in on that pair, using the Daily, 4HR and 30 min charts.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.png Size: 57 KB
  • #2,037
  • Jun 6, 2019 2:44pm Jun 6, 2019 2:44pm
Quoting Mojotrades
hello Chamane, Your finding finer entries with the H2 offline chart I see. Are you also using that as an exit?
Hi,
I manage every entries like independent trades. If my entries are on the 2 HR chart, I will place my stop loss on the last swing level and aim a RR = 1:1, bringing my stop loss to breakeven when price reaches half my risk. I am considering other options, but that is the method I use the most.
  • #2,038
  • Edited 4:08am Jun 7, 2019 3:57am | Edited 4:08am
EUR/NZD Now forming bearish hidden divergence on the 4H. Waiting for 1H bearish macd 0 cross. Keep in mind also bullish HD on the daily!

EUR/SEK Formed bullish HD on the Daily. Also bullish 0 cross happened on the 4H. So trading zone started on the M30. Same for EUR/TRY

NZD/CAD Daily formed bearish HD, but is now forming bullish HD on the 4H inside an upsloping channel.
  • #2,039
  • Jun 7, 2019 8:05am Jun 7, 2019 8:05am
AUDNZD: I missed the entry on the 1HR chart. It is still tradable on the 5 min, but spread is too high for me (7 pips).
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.png Size: 45 KB
  • #2,040
  • Jun 7, 2019 8:09am Jun 7, 2019 8:09am
AUDUSD: A HD pattern on the Daily. Let's see how it goes after that NFP.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 37 KB
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