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Hidden divergence

  • #4,901
  • May 15, 2021 8:10am May 15, 2021 8:10am
AUDJPY. A HD pattern on the Daily chart.
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  • #4,902
  • May 15, 2021 2:30pm May 15, 2021 2:30pm
EURCAD. Another HD setup to watch on the 4HR chart.
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  • #4,903
  • May 15, 2021 9:49pm May 15, 2021 9:49pm
CADCHF. Another pair to watch on the 4HR chart.
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  • #4,904
  • May 18, 2021 8:15am May 18, 2021 8:15am
HD CADCHF
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  • #4,905
  • May 30, 2021 4:01pm May 30, 2021 4:01pm
EURCHF. A bullish HD pattern developing on the Weekly chart. Waiting for trigger signals to appear on the Daily TF.
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  • #4,906
  • Jun 1, 2021 6:41am Jun 1, 2021 6:41am
Another HD setup on this crypto.
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  • #4,907
  • Jun 8, 2021 7:05pm Jun 8, 2021 7:05pm
Here is a good pair to follow. A bearish Hidden Divergence pattern is developing on the Daily chart at a strong resistance level, and at the same time we see a bearish Regular Divergence on the 4HR chart. We need to be patient though, as the opportunity can vanish any time.
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  • #4,908
  • Jun 8, 2021 7:18pm Jun 8, 2021 7:18pm
Another opportunity with CADJPY.
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  • #4,909
  • Jun 8, 2021 7:23pm Jun 8, 2021 7:23pm
EURJPY. A bullish HD pattern on the Daily chart.
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  • #4,910
  • Jun 9, 2021 12:22am Jun 9, 2021 12:22am
Quoting chamane
EURJPY. A bullish HD pattern on the Daily chart. {image}
How do you determine the exit position?
  • #4,911
  • Jun 9, 2021 6:43am Jun 9, 2021 6:43am
Quoting newtraderer
{quote} How do you determine the exit position?
I place my stop loss at the last swing high/low and exit when price reaches a RR=1:1.
  • #4,912
  • Jun 19, 2021 3:11pm Jun 19, 2021 3:11pm
I analyze the past week activities as I do most weekends. Here is a recent HD pattern on the Monthly chart that generated many winning opportunities using a Cost Averaging approach:

 

  1. We can clearly see the pattern with the MACD indicator. I marked with a bold vertical line the point when the pattern reached a peak. This is when I switch to a lower timeframe to wait for a trigger signal.

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  1. On the weekly chart, I wait for MACD to cross the zero line. I marked that moment with a red vertical line. We can decide to enter a short trade or take it as the start of a Trading Zone. I prefer that option on high timeframes in order to lower the risk on each trade. Then I switch to a much lower timeframe for short entry signals.

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  1. On the 4HR chart, the red vertical lines show all entry opportunities in the Trading Zones when MACD crosses the zero line downwards. Each but one gave either a breakeven result or a 50-100 pip gain.

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  • #4,913
  • Jun 19, 2021 8:46pm Jun 19, 2021 8:46pm
Hidden Bearish Divergence play on Bitcoin...
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  • #4,914
  • Jun 22, 2021 9:52am Jun 22, 2021 9:52am
Quoting chamane
Я анализирую события прошедшей недели, как и большинство выходных. Вот недавний HD-паттерн на месячном...
Good work, Shamane !
To learn how to swim , you first need to enter the water!
  • #4,915
  • Jun 23, 2021 6:36am Jun 23, 2021 6:36am
CADJPY. HD pattern on the Weekly chart. A nice looking setup.
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  • #4,916
  • Jun 23, 2021 11:44pm Jun 23, 2021 11:44pm
Quoting chamane
{quote} You can do it that way. As I mentioned earlier, when I see a hidden divergence pattern, I look at the 2 higher timeframes to see if it goes in the direction of the trend. Here is an example: {image} I entered at 9:00 EDT when price closed above kijun, tenkan and the downwards trendline on the 4HR timeframe. At that time, there was (and there is still) a clear uptrend on the daily and the weekly timeframes. This is a sign that the Aussie and the kiwi are among the strongest currencies whereas the USD is among the weakest. Unfortunately for...
Dear Chamane, do you still use that strength system as a reference / confirmation method?
Humble & Kalcker CLO2 = Covid killer
  • #4,917
  • Jun 24, 2021 8:39am Jun 24, 2021 8:39am
Quoting jusiur
{quote} Dear Chamane, do you still use that strength system. as a reference / confirmation method?
Hi jusiur,
I still consider currency strength in my analysis as an important tool to use. Apart from calculating the strength in an Excel sheet like in Links 1 and 2, there are other ways of doing it. Look at link 3 and 4:

Link1
Link2
Link3
Link4

Another technique I use more often now is to simply to look at where MACD is in relation to its zero line on higher timeframes. If I spot a long HD pattern on a chart, I look at the 2 next higher timeframes to confirm that MACD is positive on both. If this is the case, I am pretty sure that the first currency of the pair is among the strongest ones and the second among the weakest ones. Reverse for short signals. It is the same principle used in Link4. During my weekend analysis on the 28 main currency pairs, I like to use Link4 to see what is the situation about strength and weakness and on what pairs to put more attention on at the start of the week.
  • #4,918
  • Jun 25, 2021 6:42am Jun 25, 2021 6:42am
CADJPY and CHFJPY. I am still watching closely those 2 pairs as they are under a HD pattern development in their Weekly chart.
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  • #4,919
  • Jun 25, 2021 1:43pm Jun 25, 2021 1:43pm
US30
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  • #4,920
  • Jul 10, 2021 3:04am Jul 10, 2021 3:04am
US 2000
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