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Hidden divergence

  • #3,021
  • Jan 28, 2020 7:10am Jan 28, 2020 7:10am
This is the best forex pattern ever!!!!
  • #3,022
  • Jan 28, 2020 5:57pm Jan 28, 2020 5:57pm
It looks like settings of MACD on third TF should be more conservative, to avoid ranging market losses.
  • #3,023
  • Jan 28, 2020 6:43pm Jan 28, 2020 6:43pm
Hi guys

Sorry to bother but does anyone have those 2 divergence indicators? Could anyone share ?

Tks
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  • #3,024
  • Jan 28, 2020 10:44pm Jan 28, 2020 10:44pm
eurchf short - pretty much the same as usual : HD on H4, pullback to the 61.8fib, ema's nicely aligned for short, stochastic overbought, waiting for the PA on H1 to go short
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  • #3,025
  • Jan 28, 2020 10:53pm Jan 28, 2020 10:53pm
long gold : same as eurchf but in reverse, plus support by the trendline
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  • #3,026
  • Jan 29, 2020 3:24am Jan 29, 2020 3:24am
Quoting rrr2010
eurchf short - pretty much the same as usual : HD on H4, pullback to the 61.8fib, ema's nicely aligned for short, stochastic overbought, waiting for the PA on H1 to go short {image}
There is same situation with AUD/CHF either
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #3,027
  • Jan 29, 2020 6:27am Jan 29, 2020 6:27am
Chamne,
Would you please give us your update about GBP/JPY HD developed on monthly TF?
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #3,028
  • Jan 29, 2020 7:15am Jan 29, 2020 7:15am
Quoting drsa1970
Chamne, Would you please give us your update about GBP/JPY HD developed on monthly TF?
HD pattern still valid on the Monthly and waiting for bearish entry signals on the Weekly. Price seems to be consolidating right now, so a strong price action crossed the support line is required.
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  • #3,029
  • Edited 8:50am Jan 29, 2020 7:53am | Edited 8:50am
Quoting chamane
{quote} HD pattern still valid on the Monthly and waiting for bearish entry signals on the Weekly. Price seems to be consolidating right now, so a strong price action crossed the support line is required. {image}
You mean that price should cross support levels and MACD need to cross zero level as well? Then to spot the entry point which TF we need to shift? D1 and then H1(or H2) or follow the rule of TF 10 to 12 times lower?or D1 and then H4 and then m30? or we can say depends on how price behaves on lower time frames in terms of crossing supports levels and MACD zero level?
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #3,030
  • Jan 29, 2020 11:49am Jan 29, 2020 11:49am
Quoting drsa1970
{quote} You mean that price should cross support levels and MACD need to cross zero level as well? Then to spot the entry point which TF we need to shift? D1 and then H1(or H2) or follow the rule of TF 10 to 12 times lower?or D1 and then H4 and then m30? or we can say depends on how price behaves on lower time frames in terms of crossing supports levels and MACD zero level?
drsa1970,

When I spot a HD pattern on a timeframe (e.g. Monthly), I switch to the next lower TF (e.g. Weekly for entry signals). I can consider the cross of a trendline, but I prefer to wait for MACD to cross the zero line. When it happens, I can enter the trade (e.g. bearish), but on a Weekly chart and even on a Daily chart, the risk is often too high (more than 2% of the capital). So I consider the entry signal on the Weekly as the start of a Trading Zone and switch to a 4 - 16 HR chart. Every cross of MACD will be a bearish entry signal and I trade them with a RR=1:1. Some will be losers but most of the times the trades in a Trading Zone give an overall positive result. That's the way I see it.
  • #3,031
  • Jan 29, 2020 12:38pm Jan 29, 2020 12:38pm
Quoting chamane
{quote} drsa1970, When I spot a HD pattern on a timeframe (e.g. Monthly), I switch to the next lower TF (e.g. Weekly for entry signals). I can consider the cross of a trendline, but I prefer to wait for MACD to cross the zero line. When it happens, I can enter the trade (e.g. bearish), but on a Weekly chart and even on a Daily chart, the risk is often too high (more than 2% of the capital). So I consider the entry signal on the Weekly as the start of a Trading Zone and switch to a 4 - 16 HR chart. Every cross of MACD will be a bearish entry signal...
Perfect Chamane,
Thank you ...
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #3,032
  • Jan 29, 2020 1:06pm Jan 29, 2020 1:06pm
drsa, if your broker's spread is big-» you are not going to make money using low TF. So, if the spread is 10 pips or more trading H4 and lower is not profitable.
  • #3,033
  • Jan 29, 2020 1:11pm Jan 29, 2020 1:11pm
Quoting chamane
{quote} HD pattern still valid on the Monthly and waiting for bearish entry signals on the Weekly. Price seems to be consolidating right now, so a strong price action crossed the support line is required. {image}
Hey Chamane, i see you are using some new indicators? Which ones if i may ask?
  • #3,034
  • Jan 29, 2020 3:59pm Jan 29, 2020 3:59pm
Quoting TheJube
{quote} Hey Chamane, i see you are using some new indicators? Which ones if i may ask?
TheJube,

Those are tools that help indicating the trend on higher timeframes. I use BBands with settings: (Length=100, Deviation=1) and 4 time frame MACD nmc with the same settings of the MACD on the chart. Also the option ''Trendonzerocross = True''. I use also the middle line of the Donchian indicator for that purpose, but they all give me about the same information.
Attached File(s)
File Type: mq4 4 time frame MACD nmc.mq4   9 KB | 285 downloads
File Type: mq4 BBands.mq4   6 KB | 279 downloads
  • #3,035
  • Jan 29, 2020 4:42pm Jan 29, 2020 4:42pm
An opportunity this week that gave around 25 pips.
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  • #3,036
  • Jan 29, 2020 4:49pm Jan 29, 2020 4:49pm
Quoting chamane
{quote} TheJube, Those are tools that help indicating the trend on higher timeframes. I use BBands with settings: (Length=100, Deviation=1) and 4 time frame MACD nmc with the same settings of the MACD on the chart. Also the option ''Trendonzerocross = True''. I use also the middle line of the Donchian indicator for that purpose, but they all give me about the same information. {file} {file}
Thanks!

And i see you got rid of the Stochastic indicator? And you changed the MACD settings i see, is that correct?
  • #3,037
  • Jan 29, 2020 4:59pm Jan 29, 2020 4:59pm
Quoting TheJube
{quote} Thanks! And i see you got rid of the Stochastic indicator? And you changed the MACD settings i see, is that correct?
I still use the Stochastic indicator. It is one of my last check before entering a trade. I changed my MACD settings for the 8-13-5 Fib numbers. It doesn't make a great difference but it is a little more responsive.
  • #3,038
  • Jan 30, 2020 2:41am Jan 30, 2020 2:41am
HD is forming, but the trend down looks strong:
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  • #3,039
  • Jan 30, 2020 2:54am Jan 30, 2020 2:54am
Quoting vitall
HD is forming, but the trend down looks strong: {image}
Pin bars on D1 say that it's bear's power now. Bullish HD on H4 may not work:
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  • #3,040
  • Jan 30, 2020 6:15am Jan 30, 2020 6:15am
CADJPY HD on the 4HR chart. +27 pips.
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