Attachments: EASY H1 trading using divergence and candle sticks

EASY H1 trading using divergence and candle sticks

#881
Edited 1:18pm May 10, 2012 12:54pm | Edited 1:18pm

bluemosaic
| Joined Dec 2009 | Status: Trader | 212 Posts

Quoting don555

Disliked

Well done on this one it is the first time I have heard of this pattern I will need to keep my eyes open in the future for this pattern.

Ignored

many thanks

I did enter on the bearish engulfing (in keeping with this thread) but noticed the abandoned baby pattern had also formed which I took as a sign that price was more likely to head down

#882
May 10, 2012 2:04pm May 10, 2012 2:04pm

Zokynho
Joined Sep 2011 | Status: Trader | 968 Posts

hello here are my results for today

EUR/USD +20
USD/CHF +10
AUD/USD +15

Overall score: +45 pips

I wasn't with my chart whole day so missed some setups NZD/USD,USD/JPY, EUR/JPY

here are pictures and explanations

1.AUD/USD entry was taken after divergence on 5 min chart (i found them great and reliable for entry)

2.USD/CHF this divergences on 1h chart was little hard to spot,so i draw divergences on line chart (it is very helpful sometimes).Confirmation and entry was on 5 min chart.little late entry but ok didn't spot earlier

3.EUR/USD there was bounce from 1h strong support and offcourse confirmn with 5 min divergence.also little late entry

Attached Image(s) (click to enlarge)

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#883
May 10, 2012 2:24pm May 10, 2012 2:24pm

Zokynho
Joined Sep 2011 | Status: Trader | 968 Posts

Tip:

1.Look at triple divergence, there are almost sure trades (AAA+++ trades)

2.They happens rarely but with rsi they are really reliable

3.you can take more profit from them (general trends is changing probably)

4.i reccomend you too enter on 5 min chart but have sl on 1h tf so you have room if price tends to work 3rd divergence on 5 min+it is earlier entry and you can have more pips

SORRY PUREPRICE I KNOW THAT THIS IS NOT PART OF YOUR ENTRIES SO IF YOU WANT ME TO STOP POST I WILL DO THAT

higest regards

example

Attached Image (click to enlarge)

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#884
May 10, 2012 2:38pm May 10, 2012 2:38pm

Zokynho
Joined Sep 2011 | Status: Trader | 968 Posts

But whatever time frame i see a trade i always check 1 lower and 1 higher to make sure there is not opposite signals. if signals are same eg bullish regular possibly forming on 1 hour and has formed on 15 min i jump in and don't wait for 1 hour confirmation, but i watch the trade and exit sooner if 1 hour does not confirm.

agree with you Julie

cheers

#885
May 10, 2012 5:51pm May 10, 2012 5:51pm

don555
| Joined Apr 2010 | Status: Trader | 383 Posts

Quoting Zokynho

Disliked

Tip:

1.Look at triple divergence, there are almost sure trades (AAA+++ trades)

2.They happens rarely but with rsi they are really reliable

3.you can take more profit from them (general trends is changing probably)

4.i reccomend you too enter on 5 min chart but have sl on 1h tf so you have room if price tends to work 3rd divergence on 5 min+it is earlier entry and you can have more pips

SORRY PUREPRICE I KNOW THAT THIS IS NOT PART OF YOUR ENTRIES SO IF YOU WANT ME TO STOP POST I WILL DO THAT

higest regards

example

Ignored

Hi Zokynho I think you are a bit of a genius for this type of trading I can not think anyone could take offence to your input as it can only make us better traders.

#886
May 10, 2012 7:36pm May 10, 2012 7:36pm

Ati_82
| Joined May 2012 | Status: Trader | 147 Posts

Hi Ladies and Gents,

Whooping by to say hello to ya alll!
I recently joined fxfactory and what a lovely forum thread I found hehe. Looking forward reading your experiences and trades, there is always something to learn. I've been trading oscillator divergences@convergence levels mostly on higher time frames 4h/daily.

Here is a trade i took yday morning.

http://imageshack.us/f/210/audusd15.png/http://imageshack.us/f/210/audusd15.png/

Have a great one!

#887
Edited 11:01pm May 10, 2012 10:48pm | Edited 11:01pm

Binyamin
Joined Jun 2011 | Status: Consistency With Discipline | 1,036 Posts

I've been up 2.5% from yesterday with 2 trades still running.

I entered AUDJPY, USDCAD and AUDUSD

1.5% + 0.5% +0.5%

The trades are purely H1. No other tricks. I am testing out H1 1st, will add some tricks if I have time in the future to trade them.

So far I find pure H1 divergence having good edge. But as the others say, its good to look especially in the higher timeframe to avoid taking a trade when it is not right to take. I don't know if it can work long term, but will find out.

The pinbar and engulfing pattern I have been trading is according to james16 definition. FYI

Riding the order flow

#888
May 11, 2012 12:18am May 11, 2012 12:18am

Zokynho
Joined Sep 2011 | Status: Trader | 968 Posts

thank you for your kind words Don

Quoting don555

Disliked

Hi Zokynho I think you are a bit of a genius for this type of trading I can not think anyone could take offence to your input as it can only make us better traders.

Ignored

#889
May 11, 2012 12:21am May 11, 2012 12:21am

Zokynho
Joined Sep 2011 | Status: Trader | 968 Posts

hello Binyamin,

I am interested in your tricks so would be good if you will have time to post them

thank you in advance

regards

Quoting Binyamin

Disliked

I've been up 2.5% from yesterday with 2 trades still running.

I entered AUDJPY, USDCAD and AUDUSD

1.5% + 0.5% +0.5%

The trades are purely H1. No other tricks. I am testing out H1 1st, will add some tricks if I have time in the future to trade them.

So far I find pure H1 divergence having good edge. But as the others say, its good to look especially in the higher timeframe to avoid taking a trade when it is not right to take. I don't know if it can work long term, but will find out.

The pinbar and engulfing pattern I have been trading is according...

Ignored

#890
May 11, 2012 1:13am May 11, 2012 1:13am

Binyamin
Joined Jun 2011 | Status: Consistency With Discipline | 1,036 Posts

Quoting Zokynho

Disliked

hello Binyamin,

I am interested in your tricks so would be good if you will have time to post them

thank you in advance

regards

Ignored

Hi there, wait till I get back to post the charts. There are not really tricks. I was a scalper in the M5 until time don't permit. In the choros thread. So I might try to implement it with this method.

The other one is I trade NNbob method. Just from a glance I find that this method works well with his method when the market is ranging with a up wards or downwards bias. So my feeling is, this method is good for trading when the higher timeframe shows a clear trend. Trade the pull backs. Exactly like my AU, USDCAD and AJ trade yesterday.

But of course it is beyond the original method. Right now all I am interested in is. Given just H1 and nothing else, what is the edge like.

Anyway all 3 trades hit my 2nd take profit with a 4.5% increase in my demo. To date the demo is 2.5% in the positive.

Riding the order flow

#891
May 11, 2012 2:09am May 11, 2012 2:09am

FXprobe
| Joined Apr 2010 | Status: Trader | 141 Posts

Hi today while I was dot looking at my charts T missed a good divergence on AUDUSD. So instead I took these trades useing trend lin breakout, I find it is always good to heve a backup plan that way hopefully wont miss out to often.
So far am up 55 pips AUDUSD
72 pips AUDJPY

Attached Image(s) (click to enlarge)

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Mr pips your coming with me

#892
May 11, 2012 4:15am May 11, 2012 4:15am

FXprobe
| Joined Apr 2010 | Status: Trader | 141 Posts

Hi Is anyone watching the EURJPY looks to me like it is starting to set up a divergence on it>

Mr pips your coming with me

#893
May 11, 2012 4:27am May 11, 2012 4:27am

bksujal
| Joined Jun 2007 | Status: candlestick trader | 991 Posts

well basics do work in the long run I'm witness to that. I do have a look for divergences on H4 before I trade on H1 makes me feel more comfortable. Great to know about the profits happy pipping

Quoting Binyamin

Disliked

I've been up 2.5% from yesterday with 2 trades still running.

I entered AUDJPY, USDCAD and AUDUSD

1.5% + 0.5% +0.5%

The trades are purely H1. No other tricks. I am testing out H1 1st, will add some tricks if I have time in the future to trade them.

So far I find pure H1 divergence having good edge. But as the others say, its good to look especially in the higher timeframe to avoid taking a trade when it is not right to take. I don't know if it can work long term, but will find out.

The pinbar and engulfing pattern I have been trading is according...

Ignored

#894
May 11, 2012 5:07am May 11, 2012 5:07am

Zokynho
Joined Sep 2011 | Status: Trader | 968 Posts

Did you take it fx?

Quoting FXprobe

Disliked

Hi Is anyone watching the EURJPY looks to me like it is starting to set up a divergence on it>

Ignored

#895
May 11, 2012 5:12am May 11, 2012 5:12am

FXprobe
| Joined Apr 2010 | Status: Trader | 141 Posts

Quoting Zokynho

Disliked

Did you take it fx?

Ignored

I have a sell stop waiting to get triggerd stoploss at 25pips, Also a sell stop on USDCAD
and am short on GBPUSD 25pip stop frist profit level at 31 pips.

Mr pips your coming with me

#896
May 11, 2012 5:30am May 11, 2012 5:30am

bluemosaic
| Joined Dec 2009 | Status: Trader | 212 Posts

Quoting FXprobe

Disliked

I have a sell stop waiting to get triggerd stoploss at 25pips, Also a sell stop on USDCAD
and am short on GBPUSD 25pip stop frist profit level at 31 pips.

Ignored

Are these on 1h timeframe? I am not seeing these setups.
thanks