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Hidden divergence

  • #4,561
  • Nov 9, 2020 4:39am Nov 9, 2020 4:39am
Quoting eckgabong
I'm a newbie. Nice to meet everybody ^^ USOIL, H4 {image}
good for you
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,562
  • Nov 9, 2020 5:24am Nov 9, 2020 5:24am
all link to weak jpy and strong commodities.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,563
  • Nov 9, 2020 8:20am Nov 9, 2020 8:20am
price pullback to back of trend line after break, making new york session high and fell below resistance.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,564
  • Nov 9, 2020 9:06pm Nov 9, 2020 9:06pm
Quoting vitall
{quote} It's supposed to be strong filters to trade agains the major trend.
Hi, vitall

thanks for your commends.

IMP, the trend has changed on h1. My reasons are:
1) the BUEB confirmed a HL on support
2) break out the down trend line
3) break out the last Swing LH
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If any wrong, please correct me.

thanks in advance.
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,565
  • Nov 9, 2020 10:26pm Nov 9, 2020 10:26pm
Quoting Cj.cn
{quote} Hi, vitall thanks for your commends. IMP, the trend has changed on h1. My reasons are: 1) the BUEB confirmed a HL on support 2) break out the down trend line 3) break out the last Swing LH {image}If any wrong, please correct me. thanks in advance.
all your reasons were solely based on h1.
compare one screen with 3 screens analysis.

1) the BUEB confirmed a HL on support
to confirm a h1 support, one need to see higher high higher low as requirement.
there was no h1 or m15 candle that convincingly closed above h1 engulf candle high for entry.
2) break out the down trend line
the trend line was not properly drawn. the engulf h1 candle was actually below the trend line.
3) break out the last Swing LH
in the process price broke m15 trend line.
i always assume first that after a break out, there will be consolidation.
then price broke down the consolidation zone.
one can also see the double hidden divergence.

all in all the h4 down trend channel was too strong.
another indication is that all 3 screens has macd in sell zone (below zero line).
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,566
  • Nov 9, 2020 10:42pm Nov 9, 2020 10:42pm
Quoting Inthebox
{quote} all your reasons were solely based on h1. compare one screen with 3 screens analysis. 1) the BUEB confirmed a HL on support to confirm a h1 support, one need to see higher high higher low as requirement. there was no h1 or m15 candle that convincingly closed above h1 engulf candle high for entry. 2) break out the down trend line the trend line was not properly drawn. the engulf h1 candle was actually below the trend line. 3) break out the last Swing LH in the process price broke m15 trend line. i always assume first that after a break out,...
Very detailed explanation! The OsMA was showing a HD but not for the MACD line btw.

I am guessing the reversal is very near from signals I see. I don't trade this pair but I look forward to seeing a reversal and an HD after that to confirm my setup hypothesis.
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  • #4,567
  • Nov 9, 2020 10:58pm Nov 9, 2020 10:58pm
Quoting tommydoginti
{quote} Very detailed explanation! The OsMA was showing a HD but not for the MACD line btw. I am guessing the reversal is very near from signals I see. I don't trade this pair but I look forward to seeing a reversal and an HD after that to confirm my setup hypothesis. {image}
no buying when h1 price is below trend line and macd in sell zone.
i suspect the present d1 support is not the reversal location.
the magnet that attracts is the lower d1 support with BRN.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,568
  • Nov 10, 2020 1:17am Nov 10, 2020 1:17am
Quoting Inthebox
{quote} all your reasons were solely based on h1. compare one screen with 3 screens analysis. 1) the BUEB confirmed a HL on support to confirm a h1 support, one need to see higher high higher low as requirement. there was no h1 or m15 candle that convincingly closed above h1 engulf candle high for entry. 2) break out the down trend line the trend line was not properly drawn. the engulf h1 candle was actually below the trend line. 3) break out the last Swing LH in the process price broke m15 trend line. i always assume first that after a break out,...
Inthebox

thanks for your explanation.

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,569
  • Nov 10, 2020 1:48am Nov 10, 2020 1:48am
EURUSD
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  • #4,570
  • Nov 10, 2020 3:53am Nov 10, 2020 3:53am
Quoting Inthebox
{quote} no buying when h1 price is below trend line and macd in sell zone. i suspect the present d1 support is not the reversal location. the magnet that attracts is the lower d1 support with BRN. {image}
result.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,571
  • Nov 10, 2020 4:50am Nov 10, 2020 4:50am
Quoting Inthebox
{quote} result. {image}
Yes my analysis does not consider the big picture and would have lost. On the good side, the signal for this set up on my indi was not good enough to trigger a trade.

But it shows me how a beginner I am.
  • #4,572
  • Nov 10, 2020 8:17am Nov 10, 2020 8:17am
Found this Jurik Indi, plots both divergences, you might want to play with it:
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Attached File(s)
File Type: ex4 TDI smoothed (alerts + divergence + arrows).ex4   79 KB | 391 downloads
  • #4,573
  • Nov 11, 2020 7:48pm Nov 11, 2020 7:48pm
EURUSD

H1
HD
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Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,574
  • Nov 12, 2020 2:22am Nov 12, 2020 2:22am
Took some time to read the beginning pages of the thread. I have always liked the concept of hidden divergence trading. Reading the last pages of this thread I can't help but wonder why Ichimoku is no longer featured in the setups I see. It was (still is) a very good trend indicator to take trades as Dany78 illustrated.
Fred
  • #4,575
  • Nov 12, 2020 3:26am Nov 12, 2020 3:26am
GBPUSD:
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  • #4,576
  • Nov 12, 2020 8:35am Nov 12, 2020 8:35am
Quoting vitall
GBPUSD: {image}
no trigger yet in h1.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,577
  • Nov 12, 2020 8:46am Nov 12, 2020 8:46am
Quoting Cj.cn
EURUSD H1 HD {image}
3 downward waves seen.
not enough downward momentum to break support.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,578
  • Nov 12, 2020 6:51pm Nov 12, 2020 6:51pm
Quoting Inthebox
{quote} 3 downward waves seen. not enough downward momentum to break support. {image}
Hi, Inthebox

My bias on this pair still is short. Let's see whether it would make some momentum to go south.
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Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,579
  • Nov 12, 2020 7:25pm Nov 12, 2020 7:25pm
Quoting Cj.cn
{quote} Hi, Inthebox My bias on this pair still is short. Let's see whether it would make some momentum to go south. {image}
my view (may be wrong).
price now above 2 trend lines and support.
since price broke out upward of trend line, there will be some consolidation.
macd above zero, retracing now, waiting for it to turn up in bullish zone.
if price broke out upward of previous day's high, the hidden divergence will be formed.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,580
  • Nov 12, 2020 7:42pm Nov 12, 2020 7:42pm
Quoting Cj.cn
{quote} Hi, Inthebox My bias on this pair still is short. Let's see whether it would make some momentum to go south. {image}
you are also using strat's?
why don't you keeping on using but also incorporate divergences?
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ITB - Seeing Orderliness amongst 'Randomness'
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