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- #2,666
- Nov 29, 2019 11:55am Nov 29, 2019 11:55am
im asking for opinion, For trading divergence, im using
1. super signal channel
2. 5,3EMA
3. stochastic 9,5,5
entry
1. when divergence occur and the super channel indicate to buy/sell
2. price open below/above the ema
take profit
1. near the lower or upper zone of the channel
what do you guys think? ps. im new to trading
1. super signal channel
2. 5,3EMA
3. stochastic 9,5,5
entry
1. when divergence occur and the super channel indicate to buy/sell
2. price open below/above the ema
take profit
1. near the lower or upper zone of the channel
what do you guys think? ps. im new to trading
im asking for opinion, For trading divergence, im using 1. super signal channel 2. 5,3EMA 3. stochastic 9,5,5 entry 1. when divergence occur and the super channel indicate to buy/sell 2. price open below/above the ema take profit 1. near the lower or upper zone of the channel what do you guys think? ps. im new to trading
- #2,668
- Nov 29, 2019 4:17pm Nov 29, 2019 4:17pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
im asking for opinion, For trading divergence, im using 1. super signal channel 2. 5,3EMA 3. stochastic 9,5,5 entry 1. when divergence occur and the super channel indicate to buy/sell 2. price open below/above the ema take profit 1. near the lower or upper zone of the channel what do you guys think? ps. im new to trading
- #2,669
- Dec 1, 2019 2:30pm Dec 1, 2019 2:30pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Here is an opportunity that came out lately. A hidden divergence was showing on the AUDJPY Daily chart on Nobember 18. The pattern left some doubt because of the great distance between peaks (some thirty periods) and HD was not showing on the Stochastic indicator. Anyhow, it does not prevent us to check for a signal on smaller timeframes. I still rely on the cost averaging approach when everything is not perfect. Shortly after, on November 25 (last Monday), MACD line crossed the Zero line on the 4 HR chart. We can then enter a long trade or wait for entry signals on the 30 min chart in the trading zone (blue rectangle).
In the trading zone, there were five possible trades (small vertical lines) that were all winners with a RR=1:1 for a total of +64 pips. That's around 20 pips better than if an entry was taken on the 4 HR chart.
In the trading zone, there were five possible trades (small vertical lines) that were all winners with a RR=1:1 for a total of +64 pips. That's around 20 pips better than if an entry was taken on the 4 HR chart.
- #2,670
- Dec 1, 2019 2:38pm Dec 1, 2019 2:38pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
A HD pattern spotted on the CADCHF Daily chart. Only time will tell if the pattern will hold. Waiting for entry signals on the 4 HR chart.
- #2,671
- Dec 1, 2019 2:45pm Dec 1, 2019 2:45pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
HD pattern on the CADJPY Daily chart with a Regular Divergence on the 4 HR timeframe. Waiting for entry signals there as well.
- #2,672
- Dec 1, 2019 3:38pm Dec 1, 2019 3:38pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Another recent situation. A HD pattern spotted on EURAUD Daily chart. MACD signaled an entry on November 25 which was the start of a Trading Zone (blue rectangle) for trades on the 30 min chart.
There were five entries last week in the Zone for an overall loss of -4 pips.
There were five entries last week in the Zone for an overall loss of -4 pips.
- #2,673
- Dec 1, 2019 3:45pm Dec 1, 2019 3:45pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
HD pattern on the EURCAD Daily chart. Waiting for entry signals on the 4 HR TF. Wicks on the last 3 candles show some indecision however.
- #2,674
- Dec 1, 2019 8:28pm Dec 1, 2019 8:28pm
- Joined Oct 2009 | Status: Trader | 1,023 Posts
NZDCAD,Weekly:
- #2,675
- Dec 2, 2019 8:27am Dec 2, 2019 8:27am
- Joined Oct 2009 | Status: Trader | 1,023 Posts
HD pattern on the CADJPY Daily chart with a Regular Divergence on the 4 HR timeframe. Waiting for entry signals there as well. {image}
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