DislikedI opened a short position based on the presence of the hidden bearish divergence and the invalidation of the trend line with the coordinates from the image below:
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I would not have taken that trade for a couple of reasons.
1. It is against the overall trend.
2. You had to go too far back to find divergence.
I'm not trying to tell you how to trade your own system. I'm just throwing out something you might want to address for discussion.
I've been playing with this method since you posted it and have done really well.
I've found that most of my trades are on the 30M chart.
I've only had one full stop out and about 10 winners.
It isn't as good as it sounds because most of the winners were +1 pip, bit it is overall profitable.
I only take hidden divergence, but I have observed that regular divergences do almost as well as hidden. At least they appear to.
Thanks for a great method.