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D1 & h4 divergence and momentum trading

  • #61
  • Sep 30, 2015 7:03am Sep 30, 2015 7:03am
Quoting Intrepidpips
{quote} CCI HISTOGRAM {file}
I had to shelve the use of the CCI so soon as I could not use it the way I use the Stochastic indicator, I had to have different settings for differnt timeframes, while the Stohactic settings for M15 to MN1 is simply 2,2,2. The more reason I did not want to unload it until I was so satisfied with it.

So the Stochastic Histogram came to the rescue, with it I can see the Divergence in bar by bar formation, I use the same settings on the M15 to MN1 and it's great so far.
I shuold say divergence works best in trending markets so I looked at one of the highest ADR pairs and tested the Stocks Histo on it.
Let it turn and find your entry.
  • #62
  • Sep 30, 2015 7:05am Sep 30, 2015 7:05am
EURAUD
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Let it turn and find your entry.
  • #63
  • Sep 30, 2015 7:32am Sep 30, 2015 7:32am
INDI & TEMP
Attached File(s)
File Type: ex4 StochHistogram.ex4   3 KB | 316 downloads
File Type: tpl H4 STOKS.tpl   1.8 MB | 288 downloads
Let it turn and find your entry.
  • #64
  • Sep 30, 2015 4:21pm Sep 30, 2015 4:21pm
Came back to see what I missed out in the GBPUSD
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Let it turn and find your entry.
  • #65
  • Oct 2, 2015 3:48pm Oct 2, 2015 3:48pm
1st day of the month started very well, but I messed up big time, I only wanted to end the week in positive instead of just trading like I should have.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #66
  • Oct 3, 2015 3:23am Oct 3, 2015 3:23am
I like your idea, and it seems to work.
Regarding stoch and cci, I noticed in some cases cci gives better signals. I will be testing further and will get back if any finding.

Have a nice weekend,
Dragos
  • #67
  • Oct 5, 2015 2:00am Oct 5, 2015 2:00am
In all I learned that I may have to refer to the M15 for guidiance.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #68
  • Oct 5, 2015 2:59am Oct 5, 2015 2:59am
Quoting dragos_
I like your idea, and it seems to work. Regarding stoch and cci, I noticed in some cases cci gives better signals. I will be testing further and will get back if any finding. Have a nice weekend, Dragos

That would be great, what I like the most about this method is you have likely targets that get hit 8 out of 10 times, we only need to work on our M1 entries and the targets take care of themselves.

Here's my CCI Template,see what you can add or subtract.

Cheers
Let it turn and find your entry.
  • #69
  • Oct 5, 2015 12:20pm Oct 5, 2015 12:20pm
Quoting Intrepidpips
{quote} That would be great, what I like the most about this method is you have likely targets that get hit 8 out of 10 times, we only need to work on our M1 entries and the targets take care of themselves. Here's my CCI Template,see what you can add or subtract. Cheers
The template is not attached
  • #70
  • Oct 5, 2015 4:11pm Oct 5, 2015 4:11pm
Quoting Intrepidpips
{quote} That would be great, what I like the most about this method is you have likely targets that get hit 8 out of 10 times, we only need to work on our M1 entries and the targets take care of themselves. Here's my CCI Template,see what you can add or subtract. Cheers

Sorry, bad network connection prevented the file upload.
Attached File(s)
File Type: tpl H4 CCI.tpl   984 KB | 275 downloads
Let it turn and find your entry.
  • #71
  • Oct 6, 2015 4:22am Oct 6, 2015 4:22am
GETTING CLEARER

There was no divergence signal to go short on the H4 but there was on the H1.
The signal to go short in M1 came a little earlier (before the H1 candle close so I entered anyway after the FO open.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #72
  • Oct 6, 2015 4:28am Oct 6, 2015 4:28am
My decision to stay away was a good one after all, but I did not get the set-up I needed to profit from the change in market direction
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #73
  • Oct 6, 2015 4:53am Oct 6, 2015 4:53am
THE BIG PICTURE

Price closed above 2SMA in H4 and returned to the Asian Session Low at LO, a divergence signalled the change in bias at LO, and price coasted to the Daily pivot and 2880SMA (D1 2SMA).

More convinced that divergence can help us pinpoint, market turning points.
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Let it turn and find your entry.
  • #74
  • Oct 6, 2015 2:16pm Oct 6, 2015 2:16pm
Thanks.
To spot trend reversals on a certain timeframe I am always looking for the direction of bollinger bands (settings as scalpeur's) to go against the price direction.
My idea is to combine it with the divergence.
  • #75
  • Oct 7, 2015 1:16am Oct 7, 2015 1:16am
Quoting dragos_
Thanks. To spot trend reversals on a certain timeframe I am always looking for the direction of bollinger bands (settings as scalpeur's) to go against the price direction. My idea is to combine it with the divergence.
That's something we should explore.
Let it turn and find your entry.
  • #76
  • Oct 7, 2015 1:19am Oct 7, 2015 1:19am
How it went down yestreday.

I had to go and pay some bills so missed out on the opportunities
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Let it turn and find your entry.
  • #77
  • Oct 7, 2015 1:32am Oct 7, 2015 1:32am
H4 signalling a reversal or is it just discount shopping for the bulls?
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Let it turn and find your entry.
  • #78
  • Oct 7, 2015 1:49am Oct 7, 2015 1:49am
Quoting Intrepidpips
H4 signalling a reversal or is it just discount shopping for the bulls? {image} {image}
More like a discount @ R1, will wait for LO and see if the bullish trend continues, might be able to catch a pullback.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #79
  • Oct 7, 2015 2:39am Oct 7, 2015 2:39am
Blasted distraction
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #80
  • Oct 7, 2015 3:40am Oct 7, 2015 3:40am
Attached Image (click to enlarge)
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Let it turn and find your entry.
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