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Hidden divergence

  • #2,061
  • Jun 16, 2019 3:19pm Jun 16, 2019 3:19pm
This one is developping on the Weekly chart, but I thought it was worth mentioning.
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  • #2,062
  • Jun 16, 2019 4:04pm Jun 16, 2019 4:04pm
Quoting chamane
This one is developping on the Weekly chart, but I thought it was worth mentioning. {image}
Same, is on my list, thanks!
  • #2,063
  • Jun 16, 2019 6:06pm Jun 16, 2019 6:06pm
Intraday opportunities developping.
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  • #2,064
  • Jun 16, 2019 10:43pm Jun 16, 2019 10:43pm
Quoting chamane
This one is developping on the Weekly chart, but I thought it was worth mentioning. {image}
Chamane,

For the EUR/GBP, you will wait for price to cross back under the yellow line, correct, and them possibly refine entries with 4H?

PS, what is the dotted yellow line brother?

Thank you.
  • #2,065
  • Jun 16, 2019 11:07pm Jun 16, 2019 11:07pm
Quoting Mojotrades
{quote} Chamane, For the EUR/GBP, you will wait for price to cross back under the yellow line, correct, and them possibly refine entries with 4H? PS, what is the dotted yellow line brother? Thank you.
Mojotrades,

My entry signal is when MACD crosses the zero line on the Daily chart.. I placed a circle to the approximate position where this might occur. If it does, there might be too many pips at risk, so I will trade a lower TF and the signal on the Daily chart will mean the start of a trading zone. I would probably then take entry signals on the 2HR TF. But we don't know, price might continue upwards and the HD pattern might disappear.

The yellow dotted line is the middle line of the Donchian (26) indicator. The blue dotted line is the middle line of the Donchian (130). I use them both on the main HD chart to give me some tips as to where the trend is going.
  • #2,066
  • Jun 16, 2019 11:40pm Jun 16, 2019 11:40pm
Thank you for the quick response,

Our settings are the same, (i think), my MACD, has already crossed.
Your still on the sidelines?
  • #2,067
  • Jun 17, 2019 3:54am Jun 17, 2019 3:54am
Seem like so many opportunities this week
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,068
  • Jun 17, 2019 3:23pm Jun 17, 2019 3:23pm
NZDJPY.
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  • #2,069
  • Jun 18, 2019 6:42am Jun 18, 2019 6:42am
+24 pips on CHFJPY, but got caught with +2 pips on NZDJPY. I left the trade open overnight since I brought my stop loss to BE before going to bed. It's always good to know that there was no loss.
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  • #2,070
  • Jun 18, 2019 6:47am Jun 18, 2019 6:47am
Metals can also be rewarding.
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  • #2,071
  • Jun 18, 2019 7:28am Jun 18, 2019 7:28am
A potential move to the downside on USDCHF with a HD pattern developing on the Daily chart.
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  • #2,072
  • Jun 18, 2019 8:59am Jun 18, 2019 8:59am
Quoting chamane
A potential move to the downside on USDCHF with a HD pattern developing on the Daily chart. {image}
Will be monitoring, and will post entry if criteria is met.
  • #2,073
  • Jun 19, 2019 11:55am Jun 19, 2019 11:55am
Quoting Mojotrades
{quote} Will be monitoring, and will post entry if criteria is met.
UCHF playing out nicely. Could have entered at the second red bar but missed that entry.
Solid demo trade
Attached Image (click to enlarge)
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  • #2,074
  • Edited 2:48pm Jun 19, 2019 2:37pm | Edited 2:48pm
Quoting Mojotrades
{quote} UCHF playing out nicely. Could have entered at the second red bar but missed that entry. Solid demo trade {image}
The move downwards is strong. Since the down arrow means the start of a trading zone, I will follow the pair on the 30 min chart for entries.
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Same for this one.
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  • #2,075
  • Jun 19, 2019 2:43pm Jun 19, 2019 2:43pm
Sir could you help me analyze CADCHF 1D and then on a H4 TF I could have sworn it was HD pattern on D1 I was on profit but didn't close trade and now it went the opposite direction and the pattern still there.. help me look into it. @Chamane
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,076
  • Jun 19, 2019 2:55pm Jun 19, 2019 2:55pm
Quoting chamane
{quote} The move downwards is strong. Since the down arrow means the start of a trading zone, I will follow the pair on the 30 min chart for entries. {image} Same for this one. {image}
But the MacD haven't crossed zero line on H4.. and on 30M it's kind of going upward direction
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,077
  • Jun 19, 2019 3:04pm Jun 19, 2019 3:04pm
Quoting Flashyberry
{quote} But the MacD haven't crossed zero line on H4.. and on 30M it's kind of going upward direction
You are right, things will be confirmed at the close of the candle on the 4HR chart. If the down arrow is still there, the trading zone will start.
  • #2,078
  • Jun 19, 2019 3:14pm Jun 19, 2019 3:14pm
Quoting Flashyberry
Sir could you help me analyze CADCHF 1D and then on a H4 TF I could have sworn it was HD pattern on D1 I was on profit but didn't close trade and now it went the opposite direction and the pattern still there.. help me look into it. @Chamane
Flashyberry,

Here is what I see concerning CADCHF. There is a HD pattern on the Daily chart. At the vertical line, I usually switch to the 4 HR chart and wait for the MACD signal. Entering at the first down arrow would have been a loser. Then entering at the second down arrow (because the HD pattern is still valid on the Daily) and placing the stop loss at the last swing high was a winner when price reached a RR = 1:1 ten candles later. If you had chosen to trade on the 30 min chart instead, there were 3 down arrows in the trading zone, all winners with a RR = 1:1. There will be losers once in a while, but that's part of trading.
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  • #2,079
  • Jun 19, 2019 4:31pm Jun 19, 2019 4:31pm
Quoting chamane
{quote} Flashyberry, Here is what I see concerning CADCHF. There is a HD pattern on the Daily chart. At the vertical line, I usually switch to the 4 HR chart and wait for the MACD signal. Entering at the first down arrow would have been a loser. Then entering at the second down arrow (because the HD pattern is still valid on the Daily) and placing the stop loss at the last swing high was a winner when price reached a RR = 1:1 ten candles later. If you had chosen to trade on the 30 min chart instead, there were 3 down arrows in the trading zone,...
Ofcourse once again very valid explanation.. but forgive me.. what's the last swing high.. and RR
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,080
  • Jun 19, 2019 6:06pm Jun 19, 2019 6:06pm
Quoting Flashyberry
{quote} Ofcourse once again very valid explanation.. but forgive me.. what's the last swing high.. and RR
The last swing high is the closest highest level reached by price. For example in the pic, if you enter on the first down arrow the first circle can be your last swing high and if you enter at the close of the second arrow, the second circle can be your last swing high. You can then set your stop loss at those levels.
Attached Image


RR means "risk to reward ratio". A RR = 1:1 means that your profit should equal your risk, a RR = 1:2 profit should equal twice your risk, etc.
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