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Two systems in one - Very simple divergence strategy

  • #41
  • Apr 17, 2023 12:07am Apr 17, 2023 12:07am
Quoting Inthebox
all in all, trading basically very much would depend that one has a clear mind to determine the following: 1. the direction of trend.. 2. the correct levels of support/resistance for entry and exit. even if one does not have accurate entries, one will do well with the right directional bias.
since this thread is about divergence, do not try to take trade with just any divergence that appear.
a reminder to ensure that you have the 2 items needed before the divergence happen for a high probability trade.
the rests are just trade management.
ITB - Seeing Orderliness amongst 'Randomness'
  • #42
  • Apr 17, 2023 12:19am Apr 17, 2023 12:19am
first thing first, ie. to preserve capital. without it, one cannot carry on trading.
managed to put through 2 more trades.
for trade management, i took some partial profit and protect the rests.

if it hit the BE plus, i can use whatever partial profits to offset any future losses.
if it runs up to my target, then all is good for the day.
today's profits can then be used to offset any future losses for the week.
in this way, i try not to have a negative week.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #43
  • Apr 17, 2023 12:40am Apr 17, 2023 12:40am
Quoting Inthebox
first thing first, ie. to preserve capital. without it, one cannot carry on trading. managed to put through 2 more trades. for trade management, i took some partial profit and protect the rests. if it hit the BE plus, i can use whatever partial profits to offset any future losses. if it runs up to my target, then all is good for the day. today's profits can then be used to offset any future losses for the week. in this way, i try not to have a negative week. {image}
What are the two green lines meaning?
  • #44
  • Apr 17, 2023 12:46am Apr 17, 2023 12:46am
Quoting KevinZeng
{quote} What are the two green lines meaning?
you mean at the ao oscillator?
those are hidden divergences.
ITB - Seeing Orderliness amongst 'Randomness'
  • #45
  • Apr 17, 2023 12:55am Apr 17, 2023 12:55am
Quoting Inthebox
{quote} you mean at the ao oscillator? those are hidden divergences.
Yes.
hidden divergence means:AO oscillator made lower while price did not?
  • #46
  • Apr 17, 2023 1:10am Apr 17, 2023 1:10am
Quoting KevinZeng
{quote} Yes. hidden divergence means:AO oscillator made lower while price did not?
just google search.
easier that way.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #47
  • Apr 17, 2023 9:01am Apr 17, 2023 9:01am
a ranging day.
bounced from h4 support with hidden divergence in an up trend.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #48
  • Apr 17, 2023 10:05pm Apr 17, 2023 10:05pm
gbpjpy broke yesterday high with long bias.
looking at retracement for setup.
ITB - Seeing Orderliness amongst 'Randomness'
  • #49
  • Apr 17, 2023 11:03pm Apr 17, 2023 11:03pm
gj approaching day open.
any views?
ITB - Seeing Orderliness amongst 'Randomness'
  • #50
  • Apr 18, 2023 12:10am Apr 18, 2023 12:10am
According to thread rules
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People don't plan to lose. They lose because they don't plan.
  • #51
  • Apr 18, 2023 12:47am Apr 18, 2023 12:47am
thank you for the interaction.
there is a probability of going down if ao does not close above the highest line.
i am watching whether the h1 is closing below the mid candle body
also whether will close below the momentum candle.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #52
  • Apr 18, 2023 1:38am Apr 18, 2023 1:38am
EU HD continuation of trend
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People don't plan to lose. They lose because they don't plan.
  • #53
  • Apr 18, 2023 2:04am Apr 18, 2023 2:04am
i see d support and resistance.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #54
  • Apr 18, 2023 2:25am Apr 18, 2023 2:25am
Quoting Inthebox
gbpjpy broke yesterday high with long bias. looking at retracement for setup.
the move came in when frankfurt opened.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #55
  • Apr 18, 2023 3:30am Apr 18, 2023 3:30am
usdjpy came down to a d support, just below asian low.
long bias.
ITB - Seeing Orderliness amongst 'Randomness'
  • #56
  • Apr 18, 2023 4:26am Apr 18, 2023 4:26am
watch for reaction
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ITB - Seeing Orderliness amongst 'Randomness'
  • #57
  • Apr 18, 2023 2:39pm Apr 18, 2023 2:39pm
Countertrend example in eur/usd
50 points scalp
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  • #58
  • Apr 18, 2023 2:42pm Apr 18, 2023 2:42pm
Trend continuation in usd/jpy
60 scalp points before the market loses momentum
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  • #59
  • Apr 18, 2023 10:00pm Apr 18, 2023 10:00pm
Quoting Inthebox
watch for reaction {image}
hidden divergence at support to new york session high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #60
  • Apr 18, 2023 11:51pm Apr 18, 2023 11:51pm
now at resistance.
long bias.
see whether will drop to support or not?
otherwise no trade.
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ITB - Seeing Orderliness amongst 'Randomness'
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