Hidden divergence

imho

trading hidden/regular divergence is not something bogus and illusory like those unfamiliar traders claimed.
this is as real as you can get.

i have been posting for quite some time at least one trade set up almost everyday before the result happened and they have turned out well.
yes it takes time to learn and spot them, but that's all the experienced traders had gone through.
the fastest way to improve your trading experience is to post your set up here.
give us something to do, it's boring while waiting for set up.

but do not ask about what's the win rate ratio, how much profit can be made .....
simply because due to different experiences, we see things differently ......
definitely our entries and exits will never match.
you only owe yourself this opportunity to participate and judge for yourself for once.

Hi there,

Would you consider this HD valid after long time and several HH/LL consolidating before to get the price back at that point?

Thanks in advance!

Potential setup on USD/SEK for next week.

Hi Okydok,

To me, there are too many candles between your bottoms. When I analyze charts, I connect the last bottom/high to the next preceding one to check if there is a divergence with the momentum indicator. You can read some tips on the subject on this site. For a rough gage, the number of candles between highs and bottoms should match the settings of your momentum indicator (for my liking anyway).

When I analyse charts, I usually start with the higher timeframe and drill down to lower ones till I find a Hidden Divergence pattern. If there are not, I switch to another currency pair and follow the same procedure. In the case of GBPJPY, there is actually a HD pattern on the Monthly chart. My entry point is usually on the next lower timeframe. In the example below, you can enter when a candle crosses the dotted trendline or when the MACD crosses the zero line which is about to happen at the start of next week. In both cases, the risk would be more than 400 pips if you set the stop loss at the last swing high, so in that case I prefer to switch to a more lower timeframe like the 16 HR and wait for signals in what I call the Trading Zone (aqua rectangle). I am looking for MACD to cross the zero line downward in the Zone.

It's my way of trading HD patterns, there are others of course.

1. as you had already mentioned the d1 chart had many things happening between the 2 points. i would prefer the pattern happens closer between the points. go to h4 to see clearer picture.
2. if things are not so clear in the chart that you are looking at, go to the charts one time frame above and below it.
3. the w1 chart shows a HD and in the process of going down, which means if d1 is going up it is on a retracement.
4. h4 validates the up trend with RD, but only until the resistance and expected to drop since w1 has a dominant downtrend.

Thank you both of you. I will re-check my settings and start to participate on the thread. That is the best learning process

Here are HD patterns to watch for the coming week, from the Monthly chart to the 1 HR timeframe. It doesn't mean that the patterns will hold as price might reverse and invalidate them. The patterns detected are on the left charts and potential entries (circles) on the right charts. Of course there will be other opportunities on lower timeframes along the way.

monday not much of news event except jpy, which is a bit tricky as even with worst result, it is a safe currency during this period

Also, watch the morning tweets...

What about this potential one guys?

I don't trade those exotic pairs. They show sometimes erratic moves and unpredictable bursts. If I was forced to trade that pair, I would consider the HD pattern on the Daily chart and would wait for an entrty signal on the 4 HR TF.

Holding positions over weekend - some laugh some cry.

USDJPY Crashes, Commodity Pairs Plunge, Oil Said To Open Down
https://www.zerohedge.com/markets/pa...d-open-down-10
Pimco’s Fels Says Worst Is to Come With Forecast of Recession
https://www.bnnbloomberg.ca/pimco-s-...sion-1.1402203

2016 low in view.
Happy motorists - but soon long queue at petrol stations.

no regrets.

don't follow tips - those into equities.
can start looking to accumulate buy average costs every week blue chips for 3 to 5 months later.
ie. 3 months later buy average for period of 3 months.

just the beginning for europe, and maybe america.
see virus spreading can lasts for couple of months.
https://www.bbc.com/news/world-middle-east-51787238

US coronavirus cases pass 500 as defiant Trump praises response.

Trump: it's all well contained and well under control .......... we know how to handle it, no worries, easy going, relax man.
Another of his ...........
Good businessman, good marketeer, fights for the good of the country ....... but not a good manager.

https://www.nytimes.com/2020/03/08/w...irus-news.html
and Deaths Rise to 22

gj
revisit retraced to open and closed below.

ny change of opening times

Goldman says coronavirus and oil ‘price war’ could see crude plunge into the $20s
https://www.marketwatch.com/story/co...chs-2020-03-08