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Joined Apr 2013
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Status: Senior Mentor
|50 Posts
Updated Chart of USD CHF. As TP2 hit where we raise our stoploss to 50% of the Profit and as every candle Higher we continue to raise stop loss to 50% of Profit.
Hello mr.Muhiuddin.
Thank you for the strategies.
Currently taking buy at AUDUSD. I want to ask, is there any cancellation parameter to this strategy? Like if the signal away X candles then the signal not valid or to late to enter the trade.
{quote} i am posting a chart for to be watched carefully. divergence is confirming on daily chart and not yet confirmed but keeping eye. as if set up confirmed then we have to trigger on break below of momentum. {image} muhiuddin
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iam not getting the same reading as you on my momentum. i have the settings as 28 period to the close. my momentum does not show a divergence. why is mine not the same ?
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Joined Apr 2013
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Status: Senior Mentor
|50 Posts
Quote
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I want to ask, is there any cancellation parameter to this strategy? Like if the signal away X candles then the signal not valid or to late to enter the trade.
Buy/Sell Setup is valid until divergence slope exist. In rare case momentum value go beyond the Point D and divergence slope finish.
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Joined Apr 2013
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Status: Senior Mentor
|50 Posts
Quote
Disliked
iam not getting the same reading as you on my momentum. i have the settings as 28 period to the close. my momentum does not show a divergence. why is mine not the same ?
Post chart I will see. Momentum is 28 period close value;
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Joined Apr 2013
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Status: Senior Mentor
|50 Posts
Recently finish trade. Bought CADJPY two lots at 96.80 with Stop Loss 97.56 and TP1 @ 95.92. When TP1 Hit I exit one lot and stop loss put to Break Even that was hit yesterday. Total 88 Pips Profit.
Sold GBPJPY at 152.34 with two Lots TP1 hit today @ 150.85 and remaining One Lot is still active with Stop Loss move to BreakEven @ 152.34. Total Profit So Far 150 pips in 1 Lot.
Hi thanks for your system its really good and with not much stress. I just have one question
On the GBPJPY you entered at 152.34, but acording to your rules point F was penetrated around 151.51, what made you enter when you entered at 152.34? Thanks
Recently finish trade. Bought CADJPY two lots at 96.80 with Stop Loss 97.56 and TP1 @ 95.92. When TP1 Hit I exit one lot and stop loss put to Break Even that was hit yesterday. Total 88 Pips Profit. {image} ============================================================ Sold GBPJPY at 152.34 with two Lots TP1 hit today @ 150.85 and remaining One Lot is still active with Stop Loss move to BreakEven @ 152.34. Total Profit So Far 150 pips in 1 Lot. {image} muhiuddin
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you need to post the pending signals before you take the trade, not after, so that everyone knows what trade to take...
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Joined Apr 2013
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Status: Senior Mentor
|50 Posts
As some setup are forming for example i am posting GBPUSD Daily. The setup is completed and found divergence in chart. Now I am waiting for trigger which only will when low of support momentum Break.
As some setup are forming for example i am posting GBPUSD Daily. The setup is completed and found divergence in chart. Now I am waiting for trigger which only will when low of support momentum Break. {image} muhiuddin
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hi
i dont see this divergence on gu daily on my chart at all, i use momentum 28. alpari u,k.
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Joined Apr 2013
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Status: Senior Mentor
|50 Posts
hi whatfx, still using. I am facing problem that some broker Meta-trader shows different values of momentum and trying to make Indicator for correct formula. Touch you soon.
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Joined Jun 2010
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Status: The Villain
|2,565 Posts
yes, that is exactly the problem i was speaking about. your momentum shows signal, mine does not. and vice versa. what solutions have you found to this problems ?
Why is it so difficult to find a decent thread on divergence trading? I read this IG - http://forexuseful.com/authors/forex...ex-infographic - and went searching for some decent guidelines - anyone know an appropriate thread ?
hi whatfx, still using. I am facing problem that some broker Meta-trader shows different values of momentum and trying to make Indicator for correct formula. Touch you soon. muhiuddin
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Joined Apr 2013
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Status: Senior Mentor
|50 Posts
whatfx this system is doing well and producing good enough. You just need to adjust money management system according to your capital. pat16 I am doing forward testing which is reliable.
