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EASY H1 trading using divergence and candle sticks

  • #1,441
  • Dec 8, 2015 11:30pm Dec 8, 2015 11:30pm
Hi fxtradex25,

Thank you for pointing that out. The support and resistance indicator you mentioned does not work on my mt4 platform. I'm using the latest updated mt4 version so I don't know what is wrong but it just won't work so I went ahead and just traded that.. ouch! It looks too good to ignore and now my hands are burned lol

Guess I still have a whole lot to learn.
  • #1,442
  • Dec 9, 2015 2:20am Dec 9, 2015 2:20am
Nice divergence on Yesterdays high.TP set to Daily Open line.Let's see
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Trade with 60
  • #1,443
  • Dec 9, 2015 12:56pm Dec 9, 2015 12:56pm
Both RSI and CCI confirmed the divergence, hope it will be a positive trade

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" Anyone who has never made a mistake has never tried anything new "
  • #1,444
  • Dec 9, 2015 12:59pm Dec 9, 2015 12:59pm
Quoting valerie2
Hi fxtradex25, Thank you for pointing that out. The support and resistance indicator you mentioned does not work on my mt4 platform. I'm using the latest updated mt4 version so I don't know what is wrong but it just won't work so I went ahead and just traded that.. ouch! It looks too good to ignore and now my hands are burned lol Guess I still have a whole lot to learn.
Try to upload that indicator in demo account and trade divergence with that indicator, Sure resistance/support indicator gives you good trades.... happy trading
" Anyone who has never made a mistake has never tried anything new "
  • #1,445
  • Dec 12, 2015 10:55pm Dec 12, 2015 10:55pm
Quoting fxtradex25
{quote} hi valerie2, Nice divergence but i think you missed some confluence point i mean does the divergence occurred at any verified support/resistance line? go to post number 1388 in this thread you will find an indicator shows resistance/support lines, uploaded by PIPTIME entry of the trade depends on price action the pin bar in the above chart is not that much accurate it looks like fake pin bar {image}
You nailed it on the head fxtradex25. I would have critiqued this trade the exact same as you. There are multiple indications that this is a retest of broken support that was rejected with confirmations of candlestick analysis. This is not a good divergence trade, this is exactly how not to trade divergence that has broken support. This was a great chart to learn from if you are new to divergence.
  • #1,446
  • Dec 14, 2015 7:32am Dec 14, 2015 7:32am
Quoting piptime
{quote} You nailed it on the head fxtradex25. I would have critiqued this trade the exact same as you. There are multiple indications that this is a retest of broken support that was rejected with confirmations of candlestick analysis. This is not a good divergence trade, this is exactly how not to trade divergence that has broken support. This was a great chart to learn from if you are new to divergence.
Hi piptime,

I wish more charts/possible setups with divergence from you. So, that everyone can understand more including me. nice to meet you
" Anyone who has never made a mistake has never tried anything new "
  • #1,447
  • Dec 18, 2015 12:24pm Dec 18, 2015 12:24pm
@piptime what you think about that?

Looking good long
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  • #1,448
  • Dec 21, 2015 8:45pm Dec 21, 2015 8:45pm
Quoting halk
@piptime what you think about that? Looking good long {image}
++++++++++++++++++++++++++++++++

Good call Halk. This is Bullish 'Hidden' Divergence.

Below is chart of 'Bearish' Hidden Divergence.

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  • #1,449
  • Dec 22, 2015 12:21am Dec 22, 2015 12:21am
Quoting halk
@piptime what you think about that? Looking good long {image}
Hi Halk,
I took that trade with risk:reward 1:2, nice profit
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another trade setup, hope hits the profit AUDNZD
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" Anyone who has never made a mistake has never tried anything new "
  • #1,450
  • Dec 22, 2015 6:47am Dec 22, 2015 6:47am
Great!

We need something to avoid false signals, yesterday i see only false signals, like NZDUSD here:




Quoting fxtradex25
{quote} Hi Halk, I took that trade with risk:reward 1:2, nice profit{image} another trade setup, hope hits the profit AUDNZD{image}
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  • #1,451
  • Dec 22, 2015 9:49am Dec 22, 2015 9:49am
Quoting halk
Great! We need something to avoid false signals, yesterday i see only false signals, like NZDUSD here: {quote} {image}
++++++++++++++++++++++++++++++++

On NU trade set up:
• My oscillator of choice is Stoch 833, which showed no clear divergence on those candles. However it did show divergence on following HH's, which also failed, maybe because there was no immediate reaction. Either way, 100% wins (without use of a time machine) is probably out of the question. Having a positive R:R should keep you in the game.
  • #1,452
  • Dec 22, 2015 10:54am Dec 22, 2015 10:54am
This is UJ on H4. I took this hidden bullish divergence trade yesterday @ 121.30. After a day and half of price not reacting, and breaking previous days low, I bailed loosing 50p.

At the beginning of last week, there was bullish divergence (blue TL's) that worked out. Risk was about 65, reward 91.
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  • #1,453
  • Dec 22, 2015 11:00am Dec 22, 2015 11:00am
This is buy on AJ H4, after spotting Bullish Div, also from yesterday. Entry marked with white arrow. Took of 1/2 of trade with +50. Remainder at BE.
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  • #1,454
  • Dec 22, 2015 11:10am Dec 22, 2015 11:10am
Quoting halk
Great! We need something to avoid false signals, yesterday i see only false signals, like NZDUSD here: {quote} {image}
halk,
i only trade when divergence is confirmed in both rsi and stochastic(high probability), yes individually rsi and stochastic gives their own divergence signals if both the indicators show the same divergence then take the trade.

In the above chart NZDUSD the divergence occurred at normal zone there is no resistance/support.

Better to opt divergence formed at verified or proven resistance/support zone and that divergence should valid in both RSI(10) and stochastic(15,5,5). so that you can avoid false signals
" Anyone who has never made a mistake has never tried anything new "
  • #1,455
  • Dec 22, 2015 11:34am Dec 22, 2015 11:34am
Thanks for your reply!

But im using the indicator from piptime (support and resistance lines), its appeared one resistance level when i see the divergence on RSI.

I will try combined with stochastic to see my results.

Quoting fxtradex25
{quote} halk, i only trade when divergence is confirmed in both rsi and stochastic(high probability), yes individually rsi and stochastic gives their own divergence signals if both the indicators show the same divergence then take the trade. In the above chart NZDUSD the divergence occurred at normal zone there is no resistance/support. Better to opt divergence formed at verified or proven resistance/support zone and that divergence should valid in both RSI(10) and stochastic(15,5,5). so that you can avoid false signals
  • #1,456
  • Dec 22, 2015 11:38am Dec 22, 2015 11:38am
You only use Stoch 8,3,3 friend?

Quoting diamonddbw
This is UJ on H4. I took this hidden bullish divergence trade yesterday @ 121.30. After a day and half of price not reacting, and breaking previous days low, I bailed loosing 50p. At the beginning of last week, there was bullish divergence (blue TL's) that worked out. Risk was about 65, reward 91. {image} {image}
  • #1,457
  • Dec 22, 2015 11:45am Dec 22, 2015 11:45am
Quoting halk
You only use Stoch 8,3,3 friend? {quote}
++++++++++++++++++++++++++++++++

That's all I use for now. Nothing stays the same forever now, does it??? lol
  • #1,458
  • Dec 22, 2015 11:46am Dec 22, 2015 11:46am
EurAud setting up again on H1
  • #1,459
  • Dec 22, 2015 12:16pm Dec 22, 2015 12:16pm
What you think?

Quoting diamonddbw
EurAud setting up again on H1
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  • #1,460
  • Dec 22, 2015 12:39pm Dec 22, 2015 12:39pm
Quoting halk
What you think? {quote} {image}
++++++++++++++++++++++++++++++++

Looks like bearish divergence to me. The entry would have been about .6814 imho. The rub is that red Nzd news comes out 3hrs from now.
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