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EASY H1 trading using divergence and candle sticks

  • #441
  • Apr 23, 2012 5:25am Apr 23, 2012 5:25am
Quoting hargiyo84
Hi Julie,

Would you explain the "momentum" please?
what does it mean?

thank you
momentum is simply movement, when the hidden divergence appeared price just sat on the pivot and didn't move up.
  • #442
  • Apr 23, 2012 5:59am Apr 23, 2012 5:59am
Hi Pure Price, Julie and all expert.

I'm still new in FX,
so I want to ask about basic trading
How to draw a short line?
because I did't find that tool in my broker
I use InstaFX.

thank you

how to draw a line on MT4?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1h.jpg Size: 234 KB
Click to Enlarge Name: eurusd hidden div.jpg Size: 163 KB
  • #443
  • Apr 23, 2012 6:08am Apr 23, 2012 6:08am
Hi Julie,.

I'm sorry for asking again.

I buy EU at 1.3150

Now it is 1.3129

what is your TP and SL?

Because I'm not confident if entry in hidden divergence.
I think regular divergence is much better/effective than the hidden one.

what do you think?
or I miss some thing?

thanks.
  • #444
  • Apr 23, 2012 6:51am Apr 23, 2012 6:51am
Quote
I'm still new in FX,
so I want to ask about basic trading
How to draw a short line?
because I did't find that tool in my broker
I use InstaFX.
hello hargiyo.
right click-shapes(ctrl+b)-choose trendline that you drew-settings.
ray box must be empty. click and ok.i hope this is useful
Attached Image (click to enlarge)
Click to Enlarge Name: trn.GIF Size: 15 KB
  • #445
  • Apr 23, 2012 7:16am Apr 23, 2012 7:16am
Hi,
Hope this has not been mentioned before..............

You may find it easier to pick out divergence if you use a line chart instead of the usual bar or candle etc charts

The line chart is based on the closing price, as is normal for the RSI, so you are comparing like with like

This is great for picking out any kind of divergence,
BUT the bar and candle charts are best for analysing price action

Peter
  • #446
  • Apr 23, 2012 10:27am Apr 23, 2012 10:27am
Quoting fantom
hello hargiyo.
right click-shapes(ctrl+b)-choose trendline that you drew-settings.
ray box must be empty. click and ok.i hope this is useful
Hi Fantom,

thanks for answering my question..
buddy, actually I rather confused about hidden divergence,.
like today, EU.

Do you trade EU?


thanks again
  • #447
  • Apr 23, 2012 10:43am Apr 23, 2012 10:43am
Hi

Ive been following systems and strategies in ff for a couple of months now silently.. Been reading this thread for a couple of days and suprised that this strategy has a really good rr and kinda stress free..

Ive started backtesting 2 days ago and found out that this strategy looks promising..

Will try forward testing on a live account maybe starting next week, so ill post my trades here if i have time.. I hope traders that is using this method will point out my rights and wrongs as my testing progresses.

Thanks in advance
  • #448
  • Apr 23, 2012 12:24pm Apr 23, 2012 12:24pm
Quoting julie1585
I can show you the chart but it didn't play out - there was no momentum for the long during Asia. I took a couple of pips loss on it.

But hidden divergence is now showing again on euro with a doji/pinbar and possible confirming candle developing. I would want a close above S1 though.

The hidden divergence is with the overall trend (uptrend currently) and price makes a higher low but indicator makes a lower low. As I type its bouncing off the S1 so i am not entering yet.

Regards,
Julie
Julie I saw your post last night and was watching. I seen were you were pointing out on hidden Div. However it was at a minor S/R line, on hidden Div. I always wait till it is at a Major S/R line which would of been around the 1.6075 Level.
  • #449
  • Apr 23, 2012 1:39pm Apr 23, 2012 1:39pm
Quoting seqburn
pure price your using this method for you live accoint or demo ?

happy nice day dude
Live
  • #450
  • Apr 23, 2012 1:40pm Apr 23, 2012 1:40pm
Quoting jer
I just wanted to chime in quick and say great system. This is only my second week using it but my account is up a nice 4%. May not seem like much to some but I'm very happy with 2% a week

Thanks!!

That is nice %age. Keep up the good work
  • #451
  • Apr 23, 2012 1:40pm Apr 23, 2012 1:40pm
Quoting Madscientist
Hi

Ive been following systems and strategies in ff for a couple of months now silently.. Been reading this thread for a couple of days and suprised that this strategy has a really good rr and kinda stress free..

Ive started backtesting 2 days ago and found out that this strategy looks promising..

Will try forward testing on a live account maybe starting next week, so ill post my trades here if i have time.. I hope traders that is using this method will point out my rights and wrongs as my testing progresses.

Thanks in advance
Looking forward to it
  • #452
  • Apr 24, 2012 1:40am Apr 24, 2012 1:40am
There is divergence showing on 4h, 1h and 30m audusd.

Pinbar on 30 min. I'm in a bit late but may be another entry on a pull back to S1.

regards,
Julie
Attached Image (click to enlarge)
Click to Enlarge Name: audusd div.jpg Size: 120 KB
  • #453
  • Apr 24, 2012 3:12am Apr 24, 2012 3:12am
Divergence also did occur (yesterday or early today) on eu and rally continuation on gu. Im monitoring on the phone so cant post ss of the chart, sorry..

Ill start testing divergence entry next week, so didnt take the trades, just posting potential trade setups here for now.. Please correct me if im wrong..

Regards
Madscientist
  • #454
  • Apr 24, 2012 3:19am Apr 24, 2012 3:19am
I just saw a reversal divergence in the making on H1 gbpusd. Might enter that setup with small lotsize on my main acc, just for the sake of testing.. Will post the outcome if the setup plays out..
  • #455
  • Apr 24, 2012 5:42am Apr 24, 2012 5:42am
Quote
actually I rather confused about hidden divergence,.
there are lots of source but take a look at this http://www.trading-naked.com/Divergence.htm
  • #456
  • Apr 24, 2012 6:28am Apr 24, 2012 6:28am
Hi All

Can anyone confirm hidden divergence on Eur/Usd and a continuation of the up movement with a wedge forming?
  • #457
  • Apr 24, 2012 7:08am Apr 24, 2012 7:08am
Just wanna follow up on my earlier post. Set buy stop GU at 43 sl at 73 tp open depends on pa at .6100 (if the price reach there of course lol)
  • #458
  • Apr 24, 2012 7:11am Apr 24, 2012 7:11am
Regular divergence on GU with pin bar.

div also on 4h
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd div.jpg Size: 118 KB
  • #459
  • Apr 24, 2012 7:19am Apr 24, 2012 7:19am
Quoting planthat
Hi All

Can anyone confirm hidden divergence on Eur/Usd and a continuation of the up movement with a wedge forming?

no sorry i cant see any hidden divergence at the time you posted, on the 1 hour, but not sure what time frame you were looking at.

Its easier if you can post a chart marking what you think is div so we can see what you are looking at.
  • #460
  • Apr 24, 2012 7:23am Apr 24, 2012 7:23am
Quoting julie1585
no sorry i cant see any hidden divergence at the time you posted, on the 1 hour, but not sure what time frame you were looking at.

Its easier if you can post a chart marking what you think is div so we can see what you are looking at.
Yes looking at 1 hour charts and will post chart in future

Many Thanks
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