Hidden divergence

GBPUSD

mtharwat,

Using SMA's with MACD gives slightly different results. The histogram looks more clear, but gives signals that are sometimes late compared to EMA's. The difference is not huge. I don't see any reason why not using other MA's with the indicator. I myself look at other settings and other indicators when I analyze data. For instance, I plot the Accelerator and the Awesome indicators. The Accelerator plays the MACD histogram role and the Awesome its line. I also like when another indicator like the Stochastic signals the HD pattern at the same time. I just try to be constant and not switch indicators too often. I also think that drilling down to lower timeframes before entering a trade is a technique that gives any indicator more power.

A point of entry (circles) on the 30 min in a Trading Zone after a HD pattern on the Daily chart last week.

A similar situation with EURJPY.

Another winning situation in a Trading Zone last week.

Another winning case last week.

Preparing next week. A potential trade for AUDNZD as a HD pattern is developing on the Weekly chart. Entry to come on the Daily chart (or the 2 HR TF).

Another HD pattern on a Weekly chart. Still a long way to go, the pattern could be invalidated if price crosses the dotted support on the Weekly TF.

For those trading regular divergence (I do not), there is a pattern on the AUDUSD Monthly TF. From my perspective, we are in a Trading Zone waiting for entry signals.

A HD pattern developing on the Monthly chart, the start of a Trading Zone on the Weekly and waiting for short entry signals on the 16 HR TF.

A HD pattern is just starting to appear on the Monthly chart. Switching to Daily, there is a bearish regular divergence pattern, but price will have to cross that support line before we even can think of a short entry.

A young HD pattern developing on the 4 HR chart.

Keeping an eye on this HD pattern although we are close to a resistance level.

few nice trades today

another one ongoing, tp 0.67886

Later edit: TP hit

Another opportunity coming up.

Entering a Trading Zone. Waiting for signals in the 30 min timeframe.

same as in nzdchf, huge hd on W, with normal divergences on D and 4H, and fail to break over 78 fib. the next hd on 4H will be a nice sell signal

Right on!

What do you think?

My plan to enter if the H4 price manages to break the Kijun line. Also, the price is under the H4 Cloud.

But,
1. on D1 the price is above the cloud but still under the Kijun & Tenken line.
2. on Weekly the price is near the cloud and below the Tenken line.