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Two systems in one - Very simple divergence strategy

  • #61
  • Apr 18, 2023 10:36pm Apr 18, 2023 10:36pm
any views or questions?
i am no guru, just here to discuss and sharing of different views.
also to alert each other when a potential set up is coming.
we are all at the mercy of the market, we just try to take a portion of the move.

this method is one of the simplest with a rather high probability that one can find.
only wait at support resistance and trade only when divergence appear in the direction of trend.
difficult?
won't be here forever. if there is no interaction, i will move on. not my loss.
ITB - Seeing Orderliness amongst 'Randomness'
  • #62
  • Apr 18, 2023 10:52pm Apr 18, 2023 10:52pm
Quoting Inthebox
now at resistance. long bias. see whether will drop to support or not? otherwise no trade. {image}
the previous resistance can now act as support.
just watch closely for europe open.
it still can go down to the lower support.
ITB - Seeing Orderliness amongst 'Randomness'
  • #63
  • Apr 18, 2023 10:54pm Apr 18, 2023 10:54pm
Isn't "hind sight" wonderful ?
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  • #64
  • Apr 18, 2023 10:57pm Apr 18, 2023 10:57pm
Quoting Inthebox
watch for reaction {image}
i try to get this one
I was wait for OTE 89.5, Unfortunately, it was not activated
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this is what happened in M1
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New User Name : @fxart.trader
  • #65
  • Apr 18, 2023 11:01pm Apr 18, 2023 11:01pm
Quoting apo
Isn't "hind sight" wonderful ?{image}
we all learn from hind sight and past history.
students, teachers, surgeons, generals .........
otherwise we learn from what?
the main thing is after learning, can one be able to apply practically?
we all have different learning capability and learn at different speed.
ITB - Seeing Orderliness amongst 'Randomness'
  • #66
  • Apr 18, 2023 11:10pm Apr 18, 2023 11:10pm
Quoting Fx.art
{quote} i try to get this one I was wait for OTE 89.5, Unfortunately, it was not activated {image} this is what happened in M1 {image}
my view on hind sight.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #67
  • Apr 18, 2023 11:38pm Apr 18, 2023 11:38pm
resistance with hidden divergence.
last hour dropped like brick when frankfurt opened.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #68
  • Apr 18, 2023 11:51pm Apr 18, 2023 11:51pm
Quoting Inthebox
{quote} the previous resistance can now act as support. just watch closely for europe open. it still can go down to the lower support.
looks like not able to close above yesterday high.
try to counter trend to a support. more risky.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #69
  • Apr 19, 2023 4:45am Apr 19, 2023 4:45am
Quoting apo
Isn't "hind sight" wonderful ?{image}
Divergence is a leading indicator, by the time price break previous High/Low, you should see it. you just need to wait for the current price to slow down to confirm.

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OB/OS indicators (stoch for example) might help confirm exhaustion, can be synced with Divergence indi's for better reading.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #70
  • Apr 19, 2023 5:34am Apr 19, 2023 5:34am
Quoting Inthebox
{quote} looks like not able to close above yesterday high. try to counter trend to a support. more risky. {image}
one entry to cover loss.
two for profits.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #71
  • Apr 19, 2023 6:20am Apr 19, 2023 6:20am
IMO, the system is missing "Direction" to give you bias and keep you in trends (small/big).

BB 48 in M5 will give you H4 Direction and range and you can see trend stages visually.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #72
  • Apr 19, 2023 6:49am Apr 19, 2023 6:49am
if without using indicators for more clarity in chart reading,
a common one would be higher high, higher low or using trend line.

i use a 3 candles fractal to read directional bias.
one can use it as mtf for alignment, or using 1 or 2 time frames will do.
of course, the lower the time frames, the more noise.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #73
  • Apr 19, 2023 7:10am Apr 19, 2023 7:10am
Quoting Inthebox
if without using indicators for more clarity in chart reading, a common one would be higher high, higher low or using trend line. i use a 3 candles fractal to read directional bias. one can use it as mtf for alignment, or using 1 or 2 time frames will do. of course, the lower the time frames, the more noise. {image}
exactly, I mentioned Direction to avoid the lose you made, with Higher High and help of Direction, bullish Divergence's should be clear in Higher Low's until High's start to make a bearish Divergence.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #74
  • Apr 19, 2023 7:18am Apr 19, 2023 7:18am
Quoting Kwt4x
{quote} exactly, I mentioned Direction to avoid the lose you made, with Higher High and help of Direction, bullish Divergence's should be clear in Higher Low's until High's start to make a bearish Divergence. cheers,
i was fully aware of the trend direction.
and i did mentioned that i was doing counter trend trade and willing to accept the risk.
ultimately no harm done ending in profit overall.
price reversed down around the weekly gap.

Quoting Inthebox
{quote} looks like not able to close above yesterday high. try to counter trend to a support. more risky. {image}
ITB - Seeing Orderliness amongst 'Randomness'
  • #75
  • Apr 19, 2023 7:43am Apr 19, 2023 7:43am
the move came after new york exchange open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #76
  • Apr 19, 2023 8:25am Apr 19, 2023 8:25am
this time in the direction of trend for uj.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #77
  • Apr 19, 2023 9:32am Apr 19, 2023 9:32am
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Orderblock, Divergence, boom
We cut the winners short and let the losers run.
  • #78
  • Apr 19, 2023 7:45pm Apr 19, 2023 7:45pm
uj is now at the daily gap and fib 62.
suspect that it is going to be ranging.
so will go slow.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #79
  • Apr 20, 2023 2:05am Apr 20, 2023 2:05am
london session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #80
  • Apr 20, 2023 2:21am Apr 20, 2023 2:21am
london open
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ITB - Seeing Orderliness amongst 'Randomness'
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