EASY H1 trading using divergence and candle sticks | Page 65 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Divergence and hidden Divergence 122 replies

Extracting Historical Prices but only certain Candle Sticks 0 replies

The Market Explained by candle sticks and price action 124 replies

High's and Lows of Candle Sticks 7 replies

I'm loving Candle Sticks, newbie's check'em out 24 replies

Attachments: EASY H1 trading using divergence and candle sticks
Exit Attachments

EASY H1 trading using divergence and candle sticks

  • #1,281
  • Sep 8, 2012 4:00am Sep 8, 2012 4:00am
Quoting PurePrice
Check out the nice pinbar at 1.5800 along with bearish divergence and an extremely overbought RSI.


Thanks mate, I was searching this type of trading setup ..!

Simple and effective..! Read every thing and got knowledge, but yet I would like to gain experience in demo first ..!

I will be thankful, if you guide me..!
  • #1,282
  • Sep 8, 2012 5:33pm Sep 8, 2012 5:33pm
Quoting aelimian
Anyone with a dashboard for this system to monitor many pairs.

Thanks

Yeah a dash board would be great, anyone know any coders that could work on it?
  • #1,283
  • Edited 10:20pm Sep 9, 2012 10:02am | Edited 10:20pm
Quoting MrBurns
Ive found that trading divergence on 15 min doesnt really produce a long swing, but rather is the starting point for divergences that may be setting up on 1hr and 4 hr charts. Take 15 min divergences to points of resistance/support, then expect further pushes in the origional direction of the trend which in turn sets up divergences on 1hr, and then again on 4hr... obviously this takes a lot of trade management but can be profitable.

Keep watch on each set up and manage the trades if you have the time, obviously as people have said, stick to...


yes i too have observed it...divergence on M15 is the starting point for divergence on H1, usually, --combination of support,resistance ,pin bars, engulfing pattern, doji, with divergence gives excellent results.
  • #1,284
  • Edited 11:17am Sep 10, 2012 10:34am | Edited 11:17am
Well, in about 27-minutes or so, I'll know if I have a potential setup here. I'm looking for this to form an inside bar and then I'll enter on the break of the high of that bar.

**Update: Inside bar formed and buy stop order in place at .9767 (3-pips higher than the high of the IB)
Attached Image
  • #1,285
  • Sep 10, 2012 3:08pm Sep 10, 2012 3:08pm
Okay, trade entered and running currently.
Attached Image
  • #1,286
  • Sep 10, 2012 4:26pm Sep 10, 2012 4:26pm
I seriously want to setup a trading room where we can trade divergence only, of-course we can include S/R, channel and pin bars etc to confirm a divergence entry.

This way we can collectively watch the divergence formation as they happen.
Anyone interested ?
  • #1,287
  • Sep 10, 2012 5:53pm Sep 10, 2012 5:53pm
Hi,

I just wonder how can one draw on charts connections of highers or lowers prices while RSI is set for apply to close. In this case it make sense if one draw the connection of the closed prices instead of highers or lowers prices. Sometimes the final result of divergences will be different.

Just my two cents.
  • #1,288
  • Sep 11, 2012 10:45am Sep 11, 2012 10:45am
Quoting devgtx460
I seriously want to setup a trading room where we can trade divergence only, of-course we can include S/R, channel and pin bars etc to confirm a divergence entry.

This way we can collectively watch the divergence formation as they happen.
Anyone interested ?
I'd be interested but it doesn't look like we have many people commenting in the thread so participation may not be what you'd expect.
  • #1,289
  • Sep 11, 2012 11:02am Sep 11, 2012 11:02am
Quoting jdcompute
I'd be interested but it doesn't look like we have many people commenting in the thread so participation may not be what you'd expect.

Hey man I would be interested! Even if if two or three people
  • #1,290
  • Sep 11, 2012 11:12am Sep 11, 2012 11:12am
Divergence forming on h1 chart, EURUSD, Price at supply level on the daily time frame
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 22 KB
  • #1,291
  • Sep 11, 2012 11:14am Sep 11, 2012 11:14am
daily supply level, if anyone trades that way.
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 28 KB
  • #1,292
  • Sep 11, 2012 11:19am Sep 11, 2012 11:19am
Quoting dappa
Divergence forming on h1 chart, EURUSD, Price at supply level on the daily time frame
Hi dude,

I'm new to this system and also notice that divergence, but I was not sure of that ..! Thanks for confirming dude..!

I'm so helpful to you..!

I'm also interested in this type of setup and would like to contribute in future But after getting experience..!
  • #1,293
  • Sep 11, 2012 12:50pm Sep 11, 2012 12:50pm
In my opinion, trading divergence is not as easy as it looks.... Combining with pivots may increase the provability. Recommend Forexcube's threads.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,294
  • Sep 11, 2012 1:53pm Sep 11, 2012 1:53pm
Quoting dappa
Hey man I would be interested! Even if if two or three people
Well, I'm interested. I will point out that I make it a point to focus primarily on hidden/reverse divergence. I trade counter-trend here and there but primarily with the trend.
  • #1,295
  • Sep 11, 2012 1:58pm Sep 11, 2012 1:58pm
Quoting heispark
In my opinion, trading divergence is not as easy as it looks.... Combining with pivots may increase the provability. Recommend Forexcube's threads.

Of course you need to exercise due diligence, have a method, have a focus point but it's not rocket science. Divergence is extremely reliable when combined with other things, most importantly, risk/money management. Divergence around pivot areas are very good setups. I agree with you on having more than one confirmation but I don't think we should get caught up overthinking things.
  • #1,296
  • Sep 11, 2012 2:01pm Sep 11, 2012 2:01pm
Quoting kissshore
Hi dude,

I'm new to this system and also notice that divergence, but I was not sure of that ..! Thanks for confirming dude..!

I'm so helpful to you..!

I'm also interested in this type of setup and would like to contribute in future But after getting experience..!
True but I'm looking at the div on eurjpy H1 chart. I'll go with this one since it is with the down move.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 25 KB
  • #1,297
  • Sep 11, 2012 6:39pm Sep 11, 2012 6:39pm
Quoting jdcompute
True but I'm looking at the div on eurjpy H1 chart. I'll go with this one since it is with the down move.
What indicator do you use for div? I use RSI-7 and there was not divergence on EUR/JPY today.
Attached Image
  • #1,298
  • Sep 11, 2012 8:36pm Sep 11, 2012 8:36pm
Quoting harlam
What indicator do you use for div? I use RSI-7 and there was not divergence on EUR/JPY today.
stoch 14.
  • #1,299
  • Sep 11, 2012 9:03pm Sep 11, 2012 9:03pm
Yeah, this is one of the troubles with divergence. AFAIK it does not show up on all oscillators at the same time. Have to admit, I have not tried to find settings which would yield consistent results though. Anyone done that ?
  • #1,300
  • Sep 12, 2012 2:43am Sep 12, 2012 2:43am
Trying to get some profit. There is div at the Fibo Pivot (Resistance-2) on H1 chart and good level on D1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 001.png Size: 13 KB
Click to Enlarge Name: 002.png Size: 18 KB
0 traders viewing now