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Hidden divergence

  • #4,001
  • Jun 23, 2020 2:43am Jun 23, 2020 2:43am
GBPUSD: HD is forming:
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  • #4,002
  • Jun 23, 2020 3:05am Jun 23, 2020 3:05am
Missed HD:
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  • #4,003
  • Jun 23, 2020 3:11am Jun 23, 2020 3:11am
Quoting vitall
Missed HD: {image}
Actually, using chamane's method we are still in TZ:
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  • #4,004
  • Jun 24, 2020 1:52am Jun 24, 2020 1:52am
Hi, I am not sure that this is good example but I took this trade for quick scalp 10 pips:
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  • #4,005
  • Jun 24, 2020 2:57am Jun 24, 2020 2:57am
I should re-enter GU according to the rules but didn't that:
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  • #4,006
  • Jun 24, 2020 7:06am Jun 24, 2020 7:06am
Quoting Garrus
I should re-enter GU according to the rules but didn't that: {image}
Garrus,

You can enter short as many times as you want as long as MACD is still negative in your middle timeframe.
  • #4,007
  • Jun 24, 2020 7:34am Jun 24, 2020 7:34am
Quoting chamane
{quote} Garrus, You can enter short as many times as you want as long as MACD is still negative in your middle timeframe.
Yes, I know....
  • #4,008
  • Jun 24, 2020 7:47am Jun 24, 2020 7:47am
And here's the rest of my trades, RDs. I didn't feel good about AC so I closed it with loss but it's possible that price reach my tp.
Of course I don't think that my trades are A+ so please comments.
Stay green guys.
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  • #4,009
  • Jun 24, 2020 8:24am Jun 24, 2020 8:24am
when you trade with divergence use Stoch, You should setting it is (10,3,3)
It will be very effective.

good luck!
  • #4,010
  • Edited 12:04pm Jun 24, 2020 9:19am | Edited 12:04pm
Quoting Garrus
And here's the rest of my trades, RDs. I didn't feel good about AC so I closed it with loss but it's possible that price reach my tp. Of course I don't think that my trades are A+ so please comments. Stay green guys. {image} {image}
Garrus,

A few comments:

  1. EURHKD. Your trendlines are not aligned on the 4 HR chart. For me, there were no divergence. Your trade was successful because you relied on MACD behaving the same on two different timeframes, which is good and can be the basis of a strategy in itself.
  2. AUDCAD. I agree to get out when having bad feelings about a trade, especially when the loss is minimal. If your stop loss was at the blue horizontal line (last swing high), you could have left the trade open since the risk was low (5 min chart and 0.01 lot). I like to manage my trades by bringing the stop loss at breakeven whenever price reaches half the risk in profit. I get stopped out more often, but I find important not to lose money. Great moves in our favor will come up sooner or later.
  3. It's OK to post Regular Divergence patterns, I do it myself once in a while. But if you focus on the thread's title, I am pretty sure the odds of success will increase.

Keep it up, you are getting the hang of it.

  • #4,011
  • Jun 24, 2020 10:19am Jun 24, 2020 10:19am
Thanks chamane for comments and advices. I made mistake about EH and now I see it. I will more focuse on HD.
  • #4,012
  • Jun 26, 2020 3:29am Jun 26, 2020 3:29am
For RD traders: RD on Histogram+RD on signal line of MACD at the same time= VERY strong signal.
It's similar with HD as well.
  • #4,013
  • Jun 26, 2020 3:51am Jun 26, 2020 3:51am
Question

Whenever you see a regular bearish divergence (which didn't materialize by a down move yet) then immediatly after you see an hidden bullish div

What you do? Wait for the bearish div to work and bring price down? or buy the hidden bullish div? or do nothing and wait for another regular bearish div to counter the hidden bullish div?

If its not so clear i'll post a chart to explain
COT: The precious data ignored
  • #4,014
  • Jun 26, 2020 4:15am Jun 26, 2020 4:15am
Quoting kuroro001
Question Whenever you see a regular bearish divergence (which didn't materialize by a down move yet) then immediatly after you see an hidden bullish div What you do? Wait for the bearish div to work and bring price down? or buy the hidden bullish div? or do nothing and wait for another regular bearish div to counter the hidden bullish div? If its not so clear i'll post a chart to explain
You should follow the main trend- this is what I do. There are a lot of ways to determine it.
Mnnnn.. posted simple strategy for HD/RD trading:see strong downtrend on D1-> go to H4 and wait for bearish HD/RD to sell.
  • #4,015
  • Jun 27, 2020 10:16pm Jun 27, 2020 10:16pm
Here is the actual currency strength given by Finviz.com:

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Watching USDCAD and GBPUSD would be a good bet.

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  • #4,016
  • Jun 28, 2020 6:24am Jun 28, 2020 6:24am
Hi, here is my analysis...
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  • #4,017
  • Jun 28, 2020 5:21pm Jun 28, 2020 5:21pm
Quoting Garrus
Hi, here is my analysis... {image} {image} {image} {image} {image}
Hi Garrus,

Here is what I see about some of your charts.

AUDUSD. Clear HD pattern on the Daily chart. You could have entered at the start of the Trading Zone on the 4HR chart or, as I prefer, switch to a lower TF and take all entries in the Zone. In this example, there were 5 entries on the 15 min chart, all winners.
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EURUSD. HD pattern on the Daily chart. Here again, you could have entered on the start of the Trading Zone on the 4HR chart. If trading in the Zone on the 15 min chart, there were 8 entries, 5 winners and 3 losers. The principle of chosing a Cost Averaging approach with lower timeframes is the high probability of an overall winning situation like this one.
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I agree with your EURCAD analysis.
  • #4,018
  • Jun 30, 2020 11:27pm Jun 30, 2020 11:27pm
Watching GBPCHF. Different indicators, same technique.
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  • #4,019
  • Jun 30, 2020 11:35pm Jun 30, 2020 11:35pm
GBPUSD. Price seems to be following a downtrend channel on the 4HR chart. A HD pattern is developing, let's see if it breaks that support line on the 1HR chart.
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  • #4,020
  • Jul 1, 2020 4:00am Jul 1, 2020 4:00am
Quoting chamane
GBPUSD. Price seems to be following a downtrend channel on the 4HR chart. A HD pattern is developing, let's see if it breaks that support line on the 1HR chart. {image}
It looks like GBPCHF & GBPUSD are correlating.
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