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EASY H1 trading using divergence and candle sticks

  • #741
  • May 7, 2012 3:31am May 7, 2012 3:31am
Quoting Binyamin
Yeah I am confuse to what you are trying to say. Care to elaborate?
Thats ok, I was looking at the yellow line on your chart compared to the red one on the indicator, I didn't notice the red one on the chart as well.
  • #742
  • May 7, 2012 4:33am May 7, 2012 4:33am
Quoting Madscientist
Hi Binyamin.
May I ask, when you're doing the backtest, did you take the divergence including the wicks or only took divergence from the open/close of the candles?

Anyway, I saw a bearish hidden divergence in the making on gbpusd H1.. Will keep an eye on that..

Edit: opened a short trade on gbpusd at .6133 sl around .6160..
Hit sl. Ah well no problem..

audusd is making a hidden divergence. Just need to wait for some kind of conformation..
  • #743
  • May 7, 2012 4:36am May 7, 2012 4:36am
Quoting Madscientist
Hit sl. Ah well no problem..

audusd is making a hidden divergence. Just need to wait for some kind of conformation..

AU looks good it is at a daily pivot with a round number 1.02. I will definitely take it if the right trigger occurs.
Riding the order flow
  • #744
  • May 7, 2012 4:37am May 7, 2012 4:37am
Quoting whydak
Hi, everyone.. This is my first post.

Possible trade on EURNZD: pinbar and bearish divergence on stochastic oscillator. TF- daily.
Welcome to this thread whydak.

re: EUR/NZD - I do not see a trade on this pair - not seeing divergence or a good looking pin bar

hope this helps
cheers
  • #745
  • May 7, 2012 4:41am May 7, 2012 4:41am
Quoting Madscientist
Hit sl. Ah well no problem..

audusd is making a hidden divergence. Just need to wait for some kind of conformation..
Hi MadScientist.

Just not seeing this setup on charts. Would you be able to post a chart to show me?

thanks
  • #746
  • May 7, 2012 5:00am May 7, 2012 5:00am
Quote
Hi MadScientist.

Just not seeing this setup on charts. Would you be able to post a chart to show me?

thanks

Here
Attached Image (click to enlarge)
Click to Enlarge Name: 7123922 Interbank FX Trader 4 - Demo Account - [GBPJPY,H1]_2012-05-07_15-29-04.jpg Size: 157 KB
Riding the order flow
  • #747
  • May 7, 2012 5:07am May 7, 2012 5:07am
Quoting Binyamin
Here
Thanks for the post. Actually I'm outside for now, having drinks with my friends. Anyway yeah thats the setup, but just wait for any reversal conformation. Like binyamin says, maybe we'll get a nice setup around 1.02 round number.. Cheers
  • #748
  • May 7, 2012 5:09am May 7, 2012 5:09am
Thanks both - Makes sense now.
  • #749
  • May 7, 2012 6:37am May 7, 2012 6:37am
Quoting bluemosaic
Welcome to this thread whydak.

re: EUR/NZD - I do not see a trade on this pair - not seeing divergence or a good looking pin bar

hope this helps
cheers
I saw it on daily time frame (not 1H), and I also use stochastic oscillator (not RSI).
  • #750
  • May 7, 2012 6:39am May 7, 2012 6:39am
Quoting Binyamin
In GY there was a div with a bullish engulfing for a trigger. I missed it, I was having lunch.(I should start trading it off my IPAD)

This is a good example to point out the fact that divs indicate deceleration. Notice the difference between the gradient of the yellow trend line and the red one? Well that it self triggered the divergence.
Just asking, is there any way we can post screenshots from iphone/ipads/android phones? Thanks.
  • #751
  • May 7, 2012 6:47am May 7, 2012 6:47am
it appears that we might get potential setups on a few USD pairs for hidden divergence

GU looks the most promising as it is just at the upper boundary of a falling channel around 1.6170. Looking for short setup then trigger sometime in the next couple hours into NY session.

Similar setups on both AU and NU also. Draw your trendlines, and look for hidden divergence wit RSI
  • #752
  • May 7, 2012 6:50am May 7, 2012 6:50am
Quoting Binyamin
Hey folks nice and active thread right here. From my backtest this year I have been getting good results with 75% win rate for 6 pairs on average, with 1% risk pertrade it got me 30% to date this year.(I am now forward testing to verify statistics) I just want to bring up an observation. I notice the Range Breaker method from Razorman which PurePrice drew his inspiration from draws his trend line from the close or open of the bars NOT the wicks. I notice many of you drawing from the wicks

For a while I have been trying to figure out why and I...
Thanks for the backtest results. This is very encouraging indeed. Please let us know how your forward test results turn out.
  • #753
  • May 7, 2012 6:53am May 7, 2012 6:53am
Quoting PurePrice
it appears that we might get potential setups on a few USD pairs for hidden divergence

GU looks the most promising as it is just at the upper boundary of a falling channel around 1.6170. Looking for short setup then trigger sometime in the next couple hours into NY session.

Similar setups on both AU and NU also. Draw your trendlines, and look for hidden divergence wit RSI
Yeah plenty of them. Did enter usdcad for a long trade at the break of the small candle. Watching gbpusd if I can get a better price to short, missed the pinbar break in m30.

Edit: usdx is also showing a divergence to go long (im using trade interceptor to monitor usdollar)
  • #754
  • May 7, 2012 6:56am May 7, 2012 6:56am
Quoting Binyamin
Hey folks nice and active thread right here. From my backtest this year I have been getting good results with 75% win rate for 6 pairs on average, with 1% risk pertrade it got me 30% to date this year.(I am now forward testing to verify statistics) I just want to bring up an observation. I notice the Range Breaker method from Razorman which PurePrice drew his inspiration from draws his trend line from the close or open of the bars NOT the wicks. I notice many of you drawing from the wicks

For a while I have been trying to figure out why and I...

Please check out post #381
  • #755
  • May 7, 2012 6:57am May 7, 2012 6:57am
Quoting Madscientist
Yeah plenty of them. Did enter usdcad for a long trade at the break of the small candle. Watching gbpusd if I can get a better price to short, missed the pinbar break in m30.

Edit: usdx is also showing a divergence to go long (im using trade interceptor to monitor usdollar)

Trade interceptor? What is that, sounds very fancy
  • #756
  • May 7, 2012 7:02am May 7, 2012 7:02am
Quoting PurePrice
Trade interceptor? What is that, sounds very fancy
A lot of time I was away from my trading computer. So I used to trade from my phone. There is a charting/monitoring apps called trade interceptor. I dont know if they can be used at the computer, but you can try and google it.. Cheers
  • #757
  • May 7, 2012 7:31am May 7, 2012 7:31am
Quoting Madscientist
Just asking, is there any way we can post screenshots from iphone/ipads/android phones? Thanks.
Hmm no idea...

Quote
Thanks for the backtest results. This is very encouraging indeed. Please let us know how your forward test results turn out.
NP, I have to mention that from backtesting I find that in order for me to avoid certain losses I have to actively manage my trades like bringing the SL to BE once price has gone some distance and penetrated an important area for example.

In doing so in my backtest I happen to usually bring my SL to break even half way to the first profit. I also have to add that if I couldn't visually see any evidence of price deceleration and RSI happen to show a divergence I will ignore any trigger. I don't know if it will be a good idea in the long run.

I hope more people do their backtest too so that we can verify from each other. Beware of biases when you backtest though.
Riding the order flow
  • #758
  • May 7, 2012 8:19am May 7, 2012 8:19am
Last night i started to trade this good KISS strategy and my result till now is 5 trades and all 5 trades were winners.I am using different mm but think that this strategy is winner in long run.

eur/usd:+30
usd/chf:+20
usd/jpy:+17
nzd/usd:+18
aud/usd:+30

Overall score:+ 115 pips

Thank you Pure price!
Regards
  • #759
  • May 7, 2012 8:28am May 7, 2012 8:28am
Quoting Zokynho
Last night i started to trade this good KISS strategy and my result till now is 5 trades and all 5 trades were winners.I am using different mm but think that this strategy is winner in long run.

eur/usd:+30
usd/chf:+20
usd/jpy:+17
nzd/usd:+18
aud/usd:+30

Overall score:+ 115 pips

Thank you Pure price!
Regards
Can you post some charts on your trades.
  • #760
  • May 7, 2012 8:29am May 7, 2012 8:29am
Quoting Zokynho
Last night i started to trade this good KISS strategy and my result till now is 5 trades and all 5 trades were winners.I am using different mm but think that this strategy is winner in long run.

eur/usd:+30
usd/chf:+20
usd/jpy:+17
nzd/usd:+18
aud/usd:+30

Overall score:+ 115 pips

Thank you Pure price!
Regards

That is great. Do you mind sharing your mm strategy with the group here, as that is a very important aspect of trading?

Thanks in advance
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