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EASY H1 trading using divergence and candle sticks

  • #1,341
  • May 15, 2014 5:36am May 15, 2014 5:36am
Quoting PurePrice
Check out those two pairs as they are setting up for a long trade
Hi ! may i know what is the BB settings being sed....is it-20. 2... and also the setting for zig zag.....thank you very much for your contribution and sacrifice to the newbies like me.....thanks and happy trading....Bye
  • #1,342
  • Jan 21, 2015 1:22pm Jan 21, 2015 1:22pm
This seemed to be a good thread, what heppend with the OP?
  • #1,343
  • Feb 26, 2015 3:31pm Feb 26, 2015 3:31pm
K.I.S.S.
( keep it simple sir )
Billy
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  • #1,344
  • Sep 22, 2015 2:21pm Sep 22, 2015 2:21pm
Quoting fxjorr
This seemed to be a good thread, what heppend with the OP?
He fell off a cliff and died on impact.
  • #1,345
  • Sep 28, 2015 10:04am Sep 28, 2015 10:04am
I will be hijacking this old thread of divergence with my trades on divergence. I took these trades today during my window of trading time I have. Both were small winners but small winners can build an account quick.
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  • #1,346
  • Sep 29, 2015 8:53am Sep 29, 2015 8:53am
No trades today, no setups during my trading time. However there were a few that happened during london! See you tomorrow!
  • #1,347
  • Sep 29, 2015 9:23am Sep 29, 2015 9:23am
Very nice. Old threads are often very very good.
Not my strats, but RSI 5, close, divergence around 85 or 15 and CCI 10, close or typical, divergence outside 100 or -100.
Have a look. London open today and yesterday.

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  • #1,348
  • Sep 29, 2015 10:52am Sep 29, 2015 10:52am
Quoting wolf300
Very nice. Old threads are often very very good. Not my strats, but RSI 5, close, divergence around 85 or 15 and CCI 10, close or typical, divergence outside 100 or -100. Have a look. London open today and yesterday. {image}
That looks like a great opportunity, wish my schedule allowed me to trade the london open!
  • #1,349
  • Sep 30, 2015 7:41am Sep 30, 2015 7:41am
Quoting piptime
{quote} That looks like a great opportunity, wish my schedule allowed me to trade the london open!

Ah, I see piptime, but no worries,
this thing works in M5 too.

Have a look. Works at any time of your schedule.

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  • #1,350
  • Edited 8:08am Sep 30, 2015 7:54am | Edited 8:08am
....but unfortunately,

I am not able to find a realy good coded rsi-div-indi and/or cci-div-indi, which can show such good trade opportunities and give alerts. There is so many of them, but none is realy good or realy fast especially if you got a div within a few candles.

What I found (paid versions also) is not as good as check divs by myself.

Imagine this strat with rsi 5 and cci 10 div indis which are working together, hunting divs, receiving only valuable alerts.... wow.
  • #1,351
  • Sep 30, 2015 10:41am Sep 30, 2015 10:41am
Quoting wolf300
....but unfortunately, I am not able to find a realy good coded rsi-div-indi and/or cci-div-indi, which can show such good trade opportunities and give alerts. There is so many of them, but none is realy good or realy fast especially if you got a div within a few candles. What I found (paid versions also) is not as good as check divs by myself. Imagine this strat with rsi 5 and cci 10 div indis which are working together, hunting divs, receiving only valuable alerts.... wow.
Yeah I haven't found any divergence indicators that are accurate. They miss a lot of opportunities and do not draw divergence lines correctly all the time. But it's ok cause I do know how to draw them myself. I have traded the 15 min timeframe and had success but I really like the 1 hour for my schedule and accuracy.

Below is a cheat sheet I made when I first started divergence trading, it helped me big time when looking for trades.
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  • #1,352
  • Sep 30, 2015 12:37pm Sep 30, 2015 12:37pm
Quoting piptime
{quote} Yeah I haven't found any divergence indicators that are accurate. They miss a lot of opportunities and do not draw divergence lines correctly all the time. But it's ok cause I do know how to draw them myself. I have traded the 15 min timeframe and had success but I really like the 1 hour for my schedule and accuracy. Below is a cheat sheet I made when I first started divergence trading, it helped me big time when looking for trades. {image}
Well, thank you for the cheat sheet piptime. Very nice.

I thought I am the only one who can`t find a fast and accurate div-indi. You know, indis can bring a lot of profit, but they are kind of dangerous for our mind too. I can say that I am helpless without them, even that I know about the power of trendlines and 25-pip-step-grids.
It is like when you start learning skiing... the stupid and bad moves you get used to very quickly, are deep in your mind and you can`t get rid of them. Stop smoking is easier (at least for me, stoped three weeks ago).
So I go on dreaming about a set of indis made for trading with no brain and 100% winners... lol and lmao
Anyway, divergences are a huge help.
Thanks again.
  • #1,353
  • Sep 30, 2015 2:02pm Sep 30, 2015 2:02pm
Hey piptime,

look what I found....
used them on the same pic to compare.

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To keep the chart clean, div-lines can be turned off.

Attached File(s)
File Type: mq4 T3 Cci alerts + divergence.mq4   16 KB | 1,048 downloads

Attached File(s)
File Type: mq4 Wildhog-nrp-divergence.mq4   12 KB | 1,089 downloads


I will play a bit with them to check if they are quick and accurate. Just for fun. Who knows.
  • #1,354
  • Oct 1, 2015 11:27am Oct 1, 2015 11:27am
Quoting wolf300
Hey piptime, look what I found.... used them on the same pic to compare. {image} To keep the chart clean, div-lines can be turned off. {file} {file} I will play a bit with them to check if they are quick and accurate. Just for fun. Who knows.
Awesome. I will add this to my trading and give it a test as well. Thank you Wolf!
  • #1,355
  • Oct 2, 2015 2:57am Oct 2, 2015 2:57am
Quoting piptime
{quote} Awesome. I will add this to my trading and give it a test as well. Thank you Wolf!

You and all readers are most welcome.

Do you think we could exchange best settings we can find. Maybe for different TF`s. That way we all profit.
Still looking for div indis for cci and rsi working quick and accurate within a few candles.
  • #1,356
  • Oct 7, 2015 11:25am Oct 7, 2015 11:25am
Quoting wolf300
{quote} You and all readers are most welcome. Do you think we could exchange best settings we can find. Maybe for different TF`s. That way we all profit. Still looking for div indis for cci and rsi working quick and accurate within a few candles.
Hey Wolf I use the settings it comes with. Ive been having good success on the hourly time frame. My results from todays trading.
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  • #1,357
  • Oct 8, 2015 11:47am Oct 8, 2015 11:47am
Quoting piptime
{quote} Hey Wolf I use the settings it comes with. Ive been having good success on the hourly time frame. My results from todays trading. {image}
Hey piptime,

I am happy to see your good results !!!!
You are right, not much to change to make those two indis better.
Now you only need to let the trades run for a longer time, trade higher lotsize and you are done....boom, millionaire
lol
Please have a look at the thread " rag to riches" or something. That man shows how real traders think and trade.
He uses only rsi 3 divergences in the M30 timeframe and a bit of candlestick-petting like pinbars, engulfing stuff, thats it. I wish I could be that cool...
  • #1,358
  • Oct 8, 2015 12:20pm Oct 8, 2015 12:20pm
As I said earlier, examples with settings can be good for all of us.

wildhog setting 8 and T3 cci setting 20, 5, 8, 0

And to compare those two, just rsi 5 (close) and the rich guy`s from "rags to riches" rsi 3 (blue, set to close) in M30

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  • #1,359
  • Oct 8, 2015 12:27pm Oct 8, 2015 12:27pm
Quoting wolf300
As I said earlier, examples with settings can be good for all of us. wildhog setting 8 and T3 cci setting 20, 5, 8, 0 And to compare those two, just rsi 5 (close) and the rich guy`s from "rags to riches" rsi 3 (blue, set to close) in M30 {image} {image}
If you look at the H1 chart, you can see we are in a very strong and long lasting downtrend. What I realy like about
wildhog and T3 CCI is, that they even do show the divs in trenddirection. It is very often a hard decision, will the trend go on right now or turn into a pullback, or into a new trend.
  • #1,360
  • Oct 9, 2015 8:52am Oct 9, 2015 8:52am
Quoting wolf300
{quote} Hey piptime, I am happy to see your good results !!!! You are right, not much to change to make those two indis better. Now you only need to let the trades run for a longer time, trade higher lotsize and you are done....boom, millionaire lol Please have a look at the thread " rag to riches" or something. That man shows how real traders think and trade. He uses only rsi 3 divergences in the M30 timeframe and a bit of candlestick-petting like pinbars, engulfing stuff, thats it. I wish I could be that cool...
I have actually read the thread and was seeing how well I did with trading divergence and start trading his way. I have a friend who started doing his "rag to riches" method, he has been trading for a few weeks now and has grown his account by 400%. I use candlestick analysis with my divergence trades as well. I like the hourly cause of my schedule but at the beginning of the year I should have the time to trade london, maybe then I will drop down to 30 min time frame and trade. Also Supp and Resist is a huge player in my trades. So far good week!
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