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EASY H1 trading using divergence and candle sticks

  • #761
  • May 7, 2012 8:44am May 7, 2012 8:44am
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

Are you using H1 only? If not what other timeframe are you using. I can't see any trades today....
Riding the order flow
  • #762
  • May 7, 2012 8:50am May 7, 2012 8:50am
here you go
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
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud usd.gif Size: 17 KB
Click to Enlarge Name: chf.gif Size: 18 KB
Click to Enlarge Name: eur usd.gif Size: 18 KB
Click to Enlarge Name: nzd usd.gif Size: 19 KB
Click to Enlarge Name: usd jpy.gif Size: 19 KB
  • #763
  • May 7, 2012 8:52am May 7, 2012 8:52am
I am really sorry Pure Price i am working with some guys and our mm is secret so i cannot talk about it,I promise them not to tell.

Quoting PurePrice
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
  • #764
  • May 7, 2012 8:56am May 7, 2012 8:56am
Yes only H1 but as I said have really good mm so i can easy cover my losses and not afraid entering in trades anymore + with this nice strategy you should be fine in long run

Quoting Binyamin
Are you using H1 only? If not what other timeframe are you using. I can't see any trades today....
  • #765
  • May 7, 2012 10:30am May 7, 2012 10:30am
Quoting Zokynho
Yes only H1 but as I said have really good mm so i can easy cover my losses and not afraid entering in trades anymore + with this nice strategy you should be fine in long run
What does mm mean.
  • #766
  • May 7, 2012 10:32am May 7, 2012 10:32am
Quoting don555
What does mm mean.

mm=money management
  • #767
  • May 7, 2012 10:33am May 7, 2012 10:33am
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

Cancel the GU short setup as it appears GU is making higher highs and not stopping at the channel for now.
  • #768
  • Edited 10:47am May 7, 2012 10:36am | Edited 10:47am
this pair looks really interesting at 1.0200 where if we get a short setup, wee have double divergence both hidden and regular. if you take the 2 most recent peaks, you will see regular divergence where the price made a higher high, but RSI mades a lower high. If you look back to May 4th, you will see that the price made a lower high (going with the down trend), but RSI made a higher high resulting in hidden divergence.

Let's see if we get a bearish candle formation here to allow us to go short

Edit: Forgot to add that AU is just at the falling trendline also, so a good place for it to get rejected. Lets see if it happens.
  • #769
  • May 7, 2012 10:49am May 7, 2012 10:49am
Also there is a potential divergence on H1 gbpjpy. Been eyeing for like 6 hours but keep making higher low.. H4 also indicates that divergence is in the making..
129.30 is quite tough to break, but imo the strong resistance lies around 129.50, descending TL of the downtrend.. What do you guys think about it?
  • #770
  • May 7, 2012 10:54am May 7, 2012 10:54am
Nice spot, AU is at a trendline too, so if it rejects the Tl with a pin coupled with hidden div, that will be ok to enter.

Not to mention Au is in a down trend now.

Quote
Been eyeing for like 6 hours but keep making higher low..
You are not the only one going through such insanity
Riding the order flow
  • #771
  • May 7, 2012 11:04am May 7, 2012 11:04am
Quoting Binyamin
Nice spot, AU is at a trendline too, so if it rejects the Tl with a pin coupled with hidden div, that will be ok to enter.

Not to mention Au is in a down trend now.

You are not the only one going through such insanity
Haha Glad we're the same. I thought only me who're close to going mad here.

Anyway, gbpjpy H1. Dunno if the trendline is right, comments will be appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy h1 div.gif Size: 18 KB
  • #772
  • May 7, 2012 12:22pm May 7, 2012 12:22pm
Quoting Madscientist
Haha Glad we're the same. I thought only me who're close to going mad here.

Anyway, gbpjpy H1. Dunno if the trendline is right, comments will be appreciated.

Yep, there is a falling trendline in GBPJPY and the price around 129.50 maybe a good one to watch for a rejection down, as it appears we have a hidden divergence in the making (for now anyway) BUT it seems like the other pairs are not respecting the trendlines for today, so I am not holding my breath on this one :|
  • #773
  • May 8, 2012 3:23am May 8, 2012 3:23am
Do we normally get trades posted through out he day uk time for this method.
Say from 7am to 4pm.
  • #774
  • May 8, 2012 3:30am May 8, 2012 3:30am
NZDUSD H1 Divergence. It is near a swing point at 2011/12/8.

The problem is NU is in a strong downtrend so if I enter with a trigger I will be quick to take profit.
Riding the order flow
  • #775
  • May 8, 2012 3:31am May 8, 2012 3:31am
For me I usually trade from europe/london session till around lunch time for ny session as I'm living in gmt+8 area.. Dont know about other guys here..
  • #776
  • May 8, 2012 3:34am May 8, 2012 3:34am
Quoting Binyamin
NZDUSD H1 Divergence. It is near a swing point at 2011/12/8.

The problem is NU is in a strong downtrend so if I enter with a trigger I will be quick to take profit.
If the divergence plays out I think it will be good for around 30-40 pips. What do you guys think about it?
  • #777
  • May 8, 2012 3:37am May 8, 2012 3:37am
Quoting don555
Do we normally get trades posted through out he day uk time for this method.
Say from 7am to 4pm.
yes - usually at least a few a day - depends on whether there are good quality setups.
I trade 8am-8pm (UK time) so will aim to post if they occur
  • #778
  • May 8, 2012 3:53am May 8, 2012 3:53am
Quoting bluemosaic
yes - usually at least a few a day - depends on whether there are good quality setups.
I trade 8am-8pm (UK time) so will aim to post if they occur

What points should I be looking for, for a good quality setup.
  • #779
  • Edited 4:16am May 8, 2012 4:05am | Edited 4:16am
Quoting don555
What points should I be looking for, for a good quality setup.
1. Good divergence between price and RSI - and RSI should be in overbought/oversold zone (< 30, > 70) preferably
2. Nice candlebar setup - bull/bear engulfing or pin bar.
3. price in a zone of interest - important previous support/resistance (horizontal or trend line), round number eg.. 2.00, 3.00, 3.500
4. be patient - don't take lower quality looking setups

Check out first few posts of this thread - this should provide you with main info.

hope this helps
cheers
  • #780
  • May 8, 2012 4:06am May 8, 2012 4:06am
Quoting don555
What points should I be looking for, for a good quality setup.
Do your own backtest and find out. It is just responsible trading. I prefer london and NY session because I want fast moves.

I haven't verify but common sense tells me that divs at a trendline or previous swing points in the daily is a good signal to take too.
Riding the order flow
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