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Hidden divergence

  • #2,101
  • Jun 24, 2019 9:57am Jun 24, 2019 9:57am
Quoting chamane
{quote} Mojotrades, You could have entered at the dotted mark on the 1HR chart and made some 10 pips or so, but I prefer to wait for MACD to cross the zero line. I find that signal more reliable. It didn't (circle), but it might as price seems to be reversing down on a regular divergence. The HD pattern on the 4HR chart would still be valid. But we never know what's going to happen, let's wait and see. {image}
I understand Chamane,

I was simply looking at the MACD histogram/ bars for over & under zero not paying mind to the the lines themselves, its clear now.
Thank you.
I agree, less risk is the better approach.
Did you take the EURCHF at the highlighted portion?
Attached Image
  • #2,102
  • Jun 24, 2019 10:09am Jun 24, 2019 10:09am
Quoting Mojotrades
{quote} I understand Chamane, I was simply looking at the MACD histogram/ bars for over & under zero not paying mind to the the lines themselves, its clear now. Thank you. I agree, less risk is the better approach. Did you take the EURCHF at the highlighted portion? {image}
Yes, since MACD crossed the zero line and price reached the trendline mentioned earlier.
  • #2,103
  • Jun 24, 2019 11:46am Jun 24, 2019 11:46am
Entered a bit late on this metal, but doing well so far.
Attached Image
  • #2,104
  • Jun 26, 2019 8:04am Jun 26, 2019 8:04am
GBPCAD going well.
Attached Image
  • #2,105
  • Jun 26, 2019 9:47am Jun 26, 2019 9:47am
Quoting chamane
GBPCAD going well. {image}
Solid strong move!
(missed on my part)
  • #2,106
  • Jun 26, 2019 6:00pm Jun 26, 2019 6:00pm
Missed a nice setup on this one today. A HD pattern on a 4HR chart, and a regular divergence on the 1HR TF. The ones I like the most.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 47 KB
  • #2,107
  • Jun 26, 2019 6:07pm Jun 26, 2019 6:07pm
This one also gave a few pips after MACD crossed the zero line on the 1HR TF.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.png Size: 38 KB
  • #2,108
  • Jun 26, 2019 6:23pm Jun 26, 2019 6:23pm
MACD wants to cross the line (up arrow on 1HR TF). However, I will stay on the side untill there is a strong price action upwards. There seems to be indecision.
Attached Image (click to enlarge)
Click to Enlarge Name: Platinum.png Size: 51 KB
  • #2,109
  • Jun 26, 2019 6:41pm Jun 26, 2019 6:41pm
Monitoring this pair. A HD pattern developing on the Daily chart as price seems to have reached some resistance level. Waiting for a signal on the 4HR TF.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.png Size: 40 KB
  • #2,110
  • Jun 27, 2019 7:48am Jun 27, 2019 7:48am
Quoting chamane
Monitoring this pair. A HD pattern developing on the Daily chart as price seems to have reached some resistance level. Waiting for a signal on the 4HR TF. {image}
Excellent share Chamane,

Have it on my watchlist and will post if entry criteria is met.
We often go quiet without posting or asking questions, but I just want you to know that your efforts of taking the time and keeping up in the scene of whats taking place, what your watching, is truly going a long way for us here, at least of myself.
I learn and absorb METRIC TONS when you post and share, and it helps me to refine and learn, not just pull the trigger for the sake of being in a trade.
Appreciate you and your teaching Chamane, Thank you!

Enjoy the weekend!
  • #2,111
  • Jun 27, 2019 10:34am Jun 27, 2019 10:34am
GBPCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF.png Size: 37 KB

Here are the pairs I am following right now.
Attached Image (click to enlarge)
Click to Enlarge Name: Tableau.png Size: 31 KB
  • #2,112
  • Jun 27, 2019 12:41pm Jun 27, 2019 12:41pm
Quoting chamane
GBPCHF. {image} Here are the pairs I am following right now. {image}
Chamane,

What is your approach on monitoring all these charts on the various TF's.
Sure the M1, W1, D1, 4H, can be monitord closely, anything lower than that is obviously too difficult and will require higher pc time. Do you have a specific approach or time of day where you have found these patterns to appear within their cycles?
You provided a great suggestion to possibly a macd alert for when they cross zero, still trying to find an effective dashboard to accomplish this.

Thank you for sharing your chart, hope to provide feedback based on the above.
Cheers!
  • #2,113
  • Jun 27, 2019 5:34pm Jun 27, 2019 5:34pm
Quoting Mojotrades
{quote} Chamane, What is your approach on monitoring all these charts on the various TF's. Sure the M1, W1, D1, 4H, can be monitord closely, anything lower than that is obviously too difficult and will require higher pc time. Do you have a specific approach or time of day where you have found these patterns to appear within their cycles? You provided a great suggestion to possibly a macd alert for when they cross zero, still trying to find an effective dashboard to accomplish this. Thank you for sharing your chart, hope to provide feedback based...
Mojotrades,
I usually trade hidden divergences patterns in 4HR charts and up, so I scan all pairs and timeframes every 4 hours. But I do it manually, it doesn't take that long. If I spot a HD on a 4 HR chart, I have then to check every 1 HR for the signal to enter. As mentioned earlier, you can check for entering signals first, which for me is the MACD cross of the zero line, and confirm if there is a HD pattern on the next higher TF. I don't know if there is a dashboard for MT4 showing the MACD zero line crosses for all pairs and TF's, but I know there are a few showing the crossover of EMA's, which gives the same result. You will find one attached, but I think you would have to add an alert to it. Just change the EMA's for 8 and 17 (or the ones you prtefer) and use the Exponential type instead of Simple. Hope that helps.
Attached File(s)
File Type: ex4 MTF MA Multi Pair Dashboard.ex4   70 KB | 336 downloads
  • #2,114
  • Jun 28, 2019 10:50am Jun 28, 2019 10:50am
Missed the strong up move. On the signal in the Daily chart (yellow arrow), there was a bearish candle, so I preferred to wait. I will wait for another opportunity.
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  • #2,115
  • Jul 1, 2019 10:54am Jul 1, 2019 10:54am
An opportunity developing. Waiting for the entry signal on the 4HR TF.
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Click to Enlarge Name: NZDCAD.png Size: 42 KB
  • #2,116
  • Jul 1, 2019 11:15am Jul 1, 2019 11:15am
Here are my upgraded upcoming opportunities. Some disappeared from my last scan as price invalidated the HD pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: Tableau.png Size: 22 KB
  • #2,117
  • Edited 12:20am Jul 2, 2019 12:04am | Edited 12:20am
Quoting chamane
An opportunity developing. Waiting for the entry signal on the 4HR TF. {image}
Happen to be awake to catch this entry,
A bit choppy, we'll see how this plays out.
(Fixed the stoch setting)
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH4.JPG Size: 146 KB
  • #2,118
  • Jul 2, 2019 12:36am Jul 2, 2019 12:36am
Hello Team,

Open to critique.
NZDCHF Sell (4H)
Waiting for MACD to cross zero barrier.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.JPG Size: 131 KB
  • #2,119
  • Jul 2, 2019 7:28pm Jul 2, 2019 7:28pm
Quoting Mojotrades
Hello Team, Open to critique. NZDCHF Sell (4H) Waiting for MACD to cross zero barrier. {image}
It is a nice classical divergence.. and not HD. Although the signal seem strong. I hope it was won? Presently im on the EUR/NZD pairs now going short on a H1 spotted on H4 I'm also open to critique!!
"The market doesn't care about you, stop hoping it will." Dirk
  • #2,120
  • Jul 2, 2019 7:47pm Jul 2, 2019 7:47pm
Quoting Flashyberry
{quote} It is a nice classical divergence.. and not HD. Although the signal seem strong. I hope it was won? Presently im on the EUR/NZD pairs now going short on a H1 spotted on H4 I'm also open to critique!!
I also jumped on that pair. Going fine so far.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 48 KB
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