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High reliable divergence methodology of trading

  • #141
  • Oct 10, 2010 4:22am Oct 10, 2010 4:22am
Unconfirmed hidden bearish divergence still valid

The pair fall to a low of 1.2892 and rejected to up direction firmly after that.
For now we don't have any entry signal, we'll wait for one in the next week.

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd(w)(1)101010.PNG Size: 39 KB


We'll adjust the trend line with the upper point on the low of the last candlestick

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd(w)(2)101010.PNG Size: 39 KB
  • #142
  • Oct 11, 2010 7:09am Oct 11, 2010 7:09am
I am a little confused here. Do you take trades even when only 1 of the indicator(osMA, stocastics or cci) shows a divergence?
  • #143
  • Oct 11, 2010 7:19am Oct 11, 2010 7:19am
Quoting chattyducky
I am a little confused here. Do you take trades even when only 1 of the indicator(osMA, stocastics or cci) shows a divergence?
Yes, I do.
  • #144
  • Oct 24, 2010 4:47pm Oct 24, 2010 4:47pm
Unconfirmed bullish divergence

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf(30m)(2)251010.PNG Size: 40 KB
  • #145
  • Oct 24, 2010 9:33pm Oct 24, 2010 9:33pm
Unconfirmed bullish divergence

The price rejected the trend line and made a new low. We re-draw the possible setup.

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf(30m)(3)251010.PNG Size: 37 KB
  • #146
  • Oct 24, 2010 10:11pm Oct 24, 2010 10:11pm
Quoting diavolul
Unconfirmed bullish divergence

The price rejected the trend line and made a new low. We re-draw the possible setup.

Attachment
Why do you switch between timeframes?
By the way, In EU you can use simple MACD on 5 minutes to pick tops and bottoms.
  • #147
  • Oct 25, 2010 4:52am Oct 25, 2010 4:52am
Quoting hutrader
Why do you switch between timeframes?
By the way, In EU you can use simple MACD on 5 minutes to pick tops and bottoms.
If you have a method or technique to spot a top or a bottom I would like to hear it, I am curious.
I don't get it what is it with the switching the time frames?
You can choose any time frame you want, it works better on 4h than the 1h or 30m. The bigger, the better.
I don't go under 30 min time frame and I don't use MACD for spotting divergences for this method.
  • #148
  • Oct 25, 2010 5:06am Oct 25, 2010 5:06am
Invalidated scenario:

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf(m30)(5)251010.PNG Size: 41 KB


All we can do now is to switch to bigger time frame (4H) and wait for a new candle to finish and compare the values from one of the three oscillators to see if exists any hidden divergence.
  • #149
  • Oct 25, 2010 5:23am Oct 25, 2010 5:23am
Unconfirmed hidden bullish divergence (higher low on price, lower low on oscillator)

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad(4h)(2)251010.PNG Size: 40 KB
  • #150
  • Oct 26, 2010 6:52am Oct 26, 2010 6:52am
Hidden bullish divergence, almost confirmed.

After breaking the trend line in short time, we'll trigger a long position as it is shown in the image bellow:

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad(4h)(1)261010.PNG Size: 39 KB
  • #151
  • Oct 26, 2010 7:04am Oct 26, 2010 7:04am
Quoting diavolul
Hidden bullish divergence, almost confirmed.

After breaking the trend line in short time, we'll trigger a long position as it is shown in the image bellow:

Attachment
Confirmed setup by breaking the trend line in the presence of the hidden bullish divergence.

2ndMZ: obsolete because the trend line breaking candle closes bellow the 1stMZ.
SL: 1.0150

Trade plan:

entry: 1.0229
1stMZ: 1.0281 (BE+1 pip)
Tp1: 1.0303 (33.3% partial profit taking)
Tp2: 1.0395 (33.3% partial profit taking)
Tp3: 1.0545 (33.3% partial profit taking)
  • #152
  • Oct 27, 2010 3:32am Oct 27, 2010 3:32am
Quoting diavolul
Confirmed setup by breaking the trend line in the presence of the hidden bullish divergence.

2ndMZ: obsolete because the trend line breaking candle closes bellow the 1stMZ.
SL: 1.0150

Trade plan:

entry: 1.0229
1stMZ: 1.0281 (BE+1 pip)
Tp1: 1.0303 (33.3% partial profit taking)
Tp2: 1.0395 (33.3% partial profit taking)
Tp3: 1.0545 (33.3% partial profit taking)
The pair hit the 1stMZ (1.0281) and the Tp1(1.0303) as it is shown in the image below:

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad(4h)(1)271010.PNG Size: 37 KB


The next targets:

Tp2: 1.0395
Tp3: 1.0545
  • #153
  • Oct 28, 2010 5:15am Oct 28, 2010 5:15am
USD/CAD, 1h:

Unconfirmed hidden bullish divergence

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad(1h)(1)281010.PNG Size: 36 KB
  • #154
  • Oct 28, 2010 7:07am Oct 28, 2010 7:07am
Quoting diavolul
USD/CAD, 1h:

Unconfirmed hidden bullish divergence

Attachment
Confirmed setup by breaking the trend line.

Entry on 1.0256.

SL: 1.0240
1stMZ: 1.0283
1stTP: 1.0314
2ndTP: 1.0357
3rdTP: 1.0426
  • #155
  • Oct 28, 2010 7:17am Oct 28, 2010 7:17am
Quoting diavolul
Confirmed setup by breaking the trend line.

Entry on 1.0256.

SL: 1.0240
1stMZ: 1.0283
1stTP: 1.0314
2ndTP: 1.0357
3rdTP: 1.0426
The trade hit the SL with a loss of 16 pips.
  • #156
  • Oct 28, 2010 8:09am Oct 28, 2010 8:09am
USD/CAD, 1h:

Another bull case scenario with unconfirmed hidden bullish divergence. If it breaks the trend line we'll enter long, for the second time today.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad(1h)(2)281010.PNG Size: 39 KB


Enjoy!
  • #157
  • Oct 28, 2010 9:02am Oct 28, 2010 9:02am
Quoting diavolul
USD/CAD, 1h:

Another bull case scenario with unconfirmed hidden bullish divergence. If it breaks the trend line we'll enter long, for the second time today.

Attachment

Enjoy!
The price broke the trend line and confirmed the whole setup.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad(1h)(3)281010.PNG Size: 36 KB


Entry: 1.0256
SL: 1.0230
MZ: 1.0275
1stTP: 1.0303
2ndTP: 1.0346
3rdTP: 1.0416
  • #158
  • Oct 28, 2010 10:00am Oct 28, 2010 10:00am
Quoting diavolul
The price broke the trend line and confirmed the whole setup.

Attachment

Entry: 1.0256
SL: 1.0230
MZ: 1.0275
1stTP: 1.0303
2ndTP: 1.0346
3rdTP: 1.0416
This trade hit the SL, with a 24 pips loss.
  • #159
  • Nov 3, 2010 2:16am Nov 3, 2010 2:16am
USD/CAD, daily:

Unconfirmed hidden bullish divergence:

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad(d)(1)031110.PNG Size: 44 KB
  • #160
  • Apr 21, 2011 1:28pm Apr 21, 2011 1:28pm
I just find this usefull thread but I see there are not post since Nov 2010, almost 5 months.

Please Diavolul continue teach us, I will to test this system too.

Thanks


Quoting diavolul
USD/CAD, daily:

Unconfirmed hidden bullish divergence:

Attachment
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