Some instruments to watch at the start of this week:
EURNZD Daily
EURUSD 4HR
EURNZD Daily
EURUSD 4HR
2
Divergence and hidden Divergence 122 replies
Hidden Pending Order and Hidden Trailing Stop Ea pls 4 replies
It's All About Hidden Divergence: Follow the trend 2 replies
Hidden Divergence 7 replies
Hidden Technical on Usd/Jpy 15 replies
Disliked{quote} Hi, My entries on the 2HR chart are when MACD crosses the zero line. For instance, there were two entries on EURAUD, the first one (first circle) ended up with a small loss but the second one is showing a gain. In the trading zone, more often than not there should be an overall profit. The trading zone for me starts when MACD crosses the zero line on the intermediate chart and ends when it crosses back in the other direction. {image}Ignored
Disliked{quote} Hello Chamane, In reference to your tf's for refined entry/exit's For Daily HD's we use the 4HR chart to monitor when madc lines are crossing -+ zero barrier before entry, what smaller TF (if any) do you utilize to exit/enter/ refine your entry as you described your approach above? (D1: HD, 4HR: Entry Signal, TF__ Refine entry/exit based on macd line cross below zero) Same question applied to your TF preference when trading 4HR HD's with 1HR MACD Line cross, 15 Min for exit/ re-entry? Appreciate the help, Cheers. FFIgnored
DislikedHere are some examples of hidden divergence patterns (vertical lines) that didn't materialize. We must not rush trade entries, opportunities will be numerous enough. {image}Ignored
DislikedHidden divergence pattern on the Daily chart (lime vertical line), start of a trading zone on the 4 HR (red vertical line) and awaiting entry signal on the 30 min (blue rectangle and yellow circle). {image} Same for SilverEuro. {image}Ignored
Disliked{quote} By the way, chamane, how do you determine "Trading zone", "awaiting entry signal timeframe"?Ignored
DislikedAUDUSD. +40 pips in the trading zone. {image} CADJPY. +35 pips in the trading zone. {image} NZDJPY. +101 pips in the trading zone. {image} NZDUSD. +72 pips in the trading zone. {image}Ignored
DislikedA question for thoes who have traded this for some time. Has it happened that you spotted a HD on the daily or H4 and waited for a divergence on a smaller timefrime to enter, but it never came, while price kept moving in the direction of the HD ? If so, is it a rare or frequent occurance? And is it ok to chase the price or wait for a confirming divergence on a smaller timeframe?Ignored
The more of those criteria met, the better.
Disliked{quote} From my experience, it happens often. Having a regular divergence on a smaller TF in the direction of the HD is a strong tool to consider, but it is not the only one. Here are the tools I am using in a smaller timeframe: The cross of a trendline. MACD crossing the zero line. Regular divergence in the direction of the higher TF HD. Entries in the trading zone in a cost averaging approach. The more of those criteria met, the better.Ignored
Disliked{quote} Thanks for the reply, chamane. So no point in chasing it, wait for the next one? You said that the MacD crossing the zero line is an entry, but on which timeframe? A theoritical setup...... I found a daily HD. On the H4, H2, H1 and M30 there is no divergence, either regular or HD, so what would you do? Which timeframe zero cross is to be taken? On a daily HD, is a zero cross of a M30, too low a timeframe? Is this a zero cross of the histogram or the macd moving average line?Ignored