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  • #14,001
  • Nov 17, 2015 6:17pm Nov 17, 2015 6:17pm
Marcof91 & everyone,

GBP/NZD -
M15 bullish hidden divergence has formed w/ the 21 Stoch. Also looks like a X cross of the 8,3,3.
H1 - 8,3,3 slingshot LONG
H4 - still LONG

I think this pair is going LONG and little bit more and then goes SHORT on the larger time frames as Marcof91 posted earlier...

sorry don't have time for pics right now. Maybe someone can post them soon.
  • #14,002
  • Edited 6:21am Nov 18, 2015 2:30am | Edited 6:21am
Quoting Goinpokin
Marcof91 & everyone, GBP/NZD - M15 bullish hidden divergence has formed w/ the 21 Stoch. Also looks like a X cross of the 8,3,3. H1 - 8,3,3 slingshot LONG H4 - still LONG I think this pair is going LONG and little bit more and then goes SHORT on the larger time frames as Marcof91 posted earlier... sorry don't have time for pics right now. Maybe someone can post them soon.
Looks like you have burned on this one.
See if the slingshot on H4 works out for you...
PS:Sorry,i must misunderstood what you said.I thought that you were long.
Work smarter,not harder
  • #14,003
  • Nov 18, 2015 6:21am Nov 18, 2015 6:21am
Hmmm Just went long on cadjpy 1H , although got in a little early doh!....Rushed trade before picking up from nursery.... :-) Lets hope for BE or Better... Need more discipline .... !!
  • #14,004
  • Nov 18, 2015 6:50am Nov 18, 2015 6:50am
Quoting marcof91
{quote} Looks like you have burned on this one. See if the slingshot on H4 works out for you... PS:Sorry,i must misunderstood what you said.I thought that you were long.
Yep this one did not work out so well.
Nope you were right. I was long based on the M15 and H1.

Oh well on to the next trade.
  • #14,005
  • Nov 18, 2015 4:43pm Nov 18, 2015 4:43pm
Quoting Sparkoz
Hmmm Just went long on cadjpy 1H , although got in a little early doh!....Rushed trade before picking up from nursery.... :-) Lets hope for BE or Better... Need more discipline .... !!
I don't know when you entered the trade but i think there is a bearish divergence on the 1H,let the alien masters chip in some opinions though,am still a learner,i just wanted to enter the trade at the open of the 4H candle but that scared me,this month has not been so good to me like the past month, i don't know what am doing wrong
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 51 KB
I know no single trade can make me or break me
  • #14,006
  • Nov 18, 2015 8:40pm Nov 18, 2015 8:40pm
Quoting bigpip
{quote} I don't know when you entered the trade but i think there is a bearish divergence on the 1H,let the alien masters chip in some opinions though,am still a learner,i just wanted to enter the trade at the open of the 4H candle but that scared me,this month has not been so good to me like the past month, i don't know what am doing wrong {image}
It's like i was wrong with the divergence call,the pair kept skyrocketing,please alien masters say something
I know no single trade can make me or break me
  • #14,007
  • Nov 18, 2015 10:52pm Nov 18, 2015 10:52pm
Yeah it was my fault for not watching lower timeframes....Looked to be a nice slingshot with 80/20 seperation but I should of followed the lower timeframes for confirmation.....My bad.....It happens.....Thanks for looking though bigpip. I overtrade....Just jump in front of the screen and scan setups.....The best take their time and have a plan of attack...But Im not doing too badly.....I didnt wait for the break of bbsqueeze although it looked like it was just about to cross up on rsioma and jumped in
  • #14,008
  • Nov 18, 2015 11:39pm Nov 18, 2015 11:39pm
Looks like the fast stoch was topping there too...
Hmmm will have to look later..See where it was...
  • #14,009
  • Nov 19, 2015 3:58am Nov 19, 2015 3:58am
Quoting bigpip
{quote} It's like i was wrong with the divergence call,the pair kept skyrocketing,please alien masters say something
Hi Bigpip.
As you understood well the divergence call was wrong.
To spot a divergence you have to wait for the turn (down in this case) of the indicator on Stocs. (1)
As you can see RSIOMA was long and breaked your TL heading toward 80. (2) Furthermore DS was on a DS trade long. (3)
ADX were in full expansion on long side. (4)
Divergences are not in themselves setups; they are clues to spot a future move of price and they need confirmations. In any case don't anticipate them.
If you want to learn more about divergence I posted here two PDFs about regular and hidden divergences.
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura CJ.PNG Size: 240 KB
Per aspera ad astra
  • #14,010
  • Edited 1:03pm Nov 19, 2015 11:48am | Edited 1:03pm
I took Gold short @ 1083,17 based on H1 and H4 slingshots on Stochs.
XCross short on H1. Let's see how it goes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD.H1.png Size: 137 KB
Click to Enlarge Name: XAUUSD.H4.png Size: 119 KB
Per aspera ad astra
  • #14,011
  • Nov 19, 2015 12:25pm Nov 19, 2015 12:25pm
Quoting jpadvisor
I took Gold short @ 1083,17 based on H1 and H4 slingshots on Stochs. XCross short on H1. Let's see how it goes. {image} {image}
Is this a scalp or short term trade?
What about the RSIOMA on both timeframes...? It looks like the RSIOMA on H1 is going over 80, and on the H4 it is coming out of the 20...?

Looking at your charts it seems to me that gold is going long. I am interested in following this trade and hopefully learn something.
Thanks for posting these charts!
  • #14,012
  • Nov 19, 2015 12:56pm Nov 19, 2015 12:56pm
Quoting jpadvisor
{quote} Hi Bigpip. As you understood well the divergence call was wrong. To spot a divergence you have to wait for the turn (down in this case) of the indicator on Stocs. (1) As you can see RSIOMA was long and breaked your TL heading toward 80. (2) Furthermore DS was on a DS trade long. (3) ADX were in full expansion on long side. (4) Divergences are not in themselves setups; they are clues to spot a future move of price and they need confirmations. In any case don't anticipate them. If you want to learn more about divergence I posted here two PDFs...
Thanks a lot for the divergence course in a nutshell that you just took me through.
I know no single trade can make me or break me
  • #14,013
  • Nov 19, 2015 1:07pm Nov 19, 2015 1:07pm
Quoting jpadvisor
I took Gold short @ 1083,17 based on H1 and H4 slingshots on Stochs. XCross short on H1. Let's see how it goes. {image} {image}
Stop L. at BE now. I'll let it run.
First TP is weekly S1 @ 1077. I'll take half. Final Tp is @ 1070 H1 support. BBL.
Per aspera ad astra
  • #14,014
  • Nov 19, 2015 5:27pm Nov 19, 2015 5:27pm
Quoting Goinpokin
Hi Marcof91, I'll throw my two cents in and say X cross short. Reason: Possible hidden bearish divergence on Daily...? {image}
Quoting marcof91
{quote} Yes,you're right. And on my daily chart,PA is still below the cloud so is bearish. And now we have a bearish divergence on H4 21 sto. I'm looking for adx power on h1 for a sell. Let's see what happens.
There it is the event i was waiting goinpokin.
Bearish divergence on 21 sto plus on RSIOMA.
Both changes direction down (which confirms divergence is in play).
Then i wait for adx power for a sell to enter.
Simple!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDmicroH1.png Size: 54 KB
Work smarter,not harder
  • #14,015
  • Nov 19, 2015 5:33pm Nov 19, 2015 5:33pm
Quoting bigpip
{quote} It's like i was wrong with the divergence call,the pair kept skyrocketing,please alien masters say something
The price did go 70 pips up after your post,but the divergence was still there on RSIOMA.
The game here is patience,you have to wait for 21 sto to go flat and then come down to confirm the divergence.
Your divergence call was not wrong,you simply had to wait for confirmation.
Work smarter,not harder
  • #14,016
  • Nov 19, 2015 8:58pm Nov 19, 2015 8:58pm
Quoting marcof91
{quote} {quote} There it is the event i was waiting goinpokin. Bearish divergence on 21 sto plus on RSIOMA. Both changes direction down (which confirms divergence is in play). Then i wait for adx power for a sell to enter. Simple! {image}
Great trading Marco..!! You nailed it!
  • #14,017
  • Edited 12:30pm Nov 20, 2015 4:23am | Edited 12:30pm
Quoting jpadvisor
{quote} Stop L. at BE now. I'll let it run. First TP is weekly S1 @ 1077. I'll take half. Final Tp is @ 1070 H1 support. BBL.
Stopped out at BE.I'll try again next week.
P.S. Scalped today 40 pips on the way down. Same setup.
Per aspera ad astra
  • #14,018
  • Nov 20, 2015 12:33pm Nov 20, 2015 12:33pm
Quoting marcof91
{quote} The price did go 70 pips up after your post,but the divergence was still there on RSIOMA. The game here is patience,you have to wait for 21 sto to go flat and then come down to confirm the divergence. Your divergence call was not wrong,you simply had to wait for confirmation.
Thanks Marco,learning the lesson bit by bit from all you
I know no single trade can make me or break me
  • #14,019
  • Nov 20, 2015 1:33pm Nov 20, 2015 1:33pm
Hi,

Please let us know when we can see ADX getting Off. Attached one hour chart. Thanks in advance
Attached Image
  • #14,020
  • Nov 20, 2015 3:40pm Nov 20, 2015 3:40pm
Quoting Goinpokin
{quote} Great trading Marco..!! You nailed it!
Thanks! Here it is the update.
+300 pips running,locked +150 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDmicroH1.png Size: 62 KB
Work smarter,not harder
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