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Hidden divergence

  • #341
  • Mar 24, 2016 5:35am Mar 24, 2016 5:35am
Quoting Tenax
Possible setup on AUDUSD H4 {image}
I like the way you draw divergence ! You have written a cheat sheet to make and hang on the wall , it's a great idea , could you as a professional to draw a crib for beginners , you are a person with a lot of experience in this for you , I think it will not be a big problem , please !
  • #342
  • Mar 24, 2016 6:42am Mar 24, 2016 6:42am
Quoting marketir
{quote} I like the way you draw divergence ! You have written a cheat sheet to make and hang on the wall , it's a great idea , could you as a professional to draw a crib for beginners , you are a person with a lot of experience in this for you , I think it will not be a big problem , please !
This is cheat sheet. Print it, pin to a wall and start to analyze all pairs. Just compare last two peaks or troughs on any instrument and draw divergences. This is best way to learn.
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  • #343
  • Mar 24, 2016 7:21am Mar 24, 2016 7:21am
Quoting wolf300
{quote} Hey Tenax, thanks for your answer, but the search for the best hidden div indi is not about not to be able to see the divergence, it is about trading many pairs in different timeframes. There are many indis like rsi div, or stoch div, but most of them are not well programmed. I was hoping one of the guys here got a realy good one. Even on forex-tsd dot com is not a accurate one to find. Or the payed ones on truetl dot com do not recognize all divergences.
You want to start your own signal service? That's good idea
  • #344
  • Mar 24, 2016 7:46am Mar 24, 2016 7:46am
AUD USD D1

After closing the daily candle is a divergence can be considered ? I painted all right ? Thank you to all my friends!
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  • #345
  • Mar 24, 2016 8:15am Mar 24, 2016 8:15am
Quoting Tenax
{quote} My answer is no. When i find setup on H4 timeframe with hidden divergence i dive to H1 and seek a regular divergence to enter with small possible risk almost on exactly extremum of price.
I agree for using two TF, but I wait for a break of a trendline, it is safer. I am still looking for the best way to enter a trade. Up to now:

1- Keep stop loss tight.
2- Look for regular divergence on a lower TF (like 1HR). The pattern must be clear without any doubt.
3- See if that divergence matches a hidden divergence on a higher TF (like 4 HR) (the pattern must be clear also). If not, do not enter.
4- Wait for a break of a trendline.
5- Be sure you get a Heiken Ashi candle in the right direction on the lower TF. It might be safer if you get one on the higher TF.

Like in the picture below. there is a setup forming, but it is not yet valid. Also, I am considering the use of both MACD and Stochastic to give a signal.

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  • #346
  • Mar 24, 2016 8:28am Mar 24, 2016 8:28am
Another example of a setup to watch. This time, there is almost hidden divergence on both indicators in the higher TF, but they disagree on the lower TF. Therefore I would not enter if I use that criteria. But let us wait for the break of the trendline and the HA candle.

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  • #347
  • Mar 24, 2016 8:39am Mar 24, 2016 8:39am
Quoting chamane
{quote} I agree for using two TF, but I wait for a break of a trendline, it is safer. I am still looking for the best way to enter a trade. Up to now: 1- Keep stop loss tight. 2- Look for regular divergence on a lower TF (like 1HR). The pattern must be clear without any doubt. 3- See if that divergence matches a hidden divergence on a higher TF (like 4 HR) (the pattern must be clear also). If not, do not enter. 4- Wait for a break of a trendline. 5- Be sure you get a Heiken Ashi candle in the right direction on the lower TF. It might be safer if...
Agree, if this can add to chance of winning trade - why not?
  • #348
  • Edited 8:55am Mar 24, 2016 8:39am | Edited 8:55am
Another example. I will backtest over the weekend.

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  • #349
  • Mar 24, 2016 8:44am Mar 24, 2016 8:44am
Another one. But I don't like the divergence patterns, it is not clear enough for me.

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  • #350
  • Mar 24, 2016 10:03am Mar 24, 2016 10:03am
Quoting Tenax
{quote} You want to start your own signal service? That's good idea

Yes Tenax, thank you for this good idea !!!

That way I create a second income-stream which will recover every reached stop loss and I have some extra money
for some fun.

But if I only had that well programmed div indi for all the pairs and timeframes. Combined with trendline trading my new signal service will be unbeatable. Yeeehaa
  • #351
  • Mar 24, 2016 12:08pm Mar 24, 2016 12:08pm
Here's an update for the pairs I mentioned earlier. GBPCAD and NZDUSD did not trigger across their trendline, whereas GBPJPY and EURNZD did. I would recommend for now that price closes across the line then enter.

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  • #352
  • Mar 24, 2016 12:15pm Mar 24, 2016 12:15pm
Quoting chamane
Here's an update for the pairs I mentioned earlier. GBPCAD and NZDUSD did not trigger across their trendline, whereas GBPJPY and EURNZD did. I would recommend for now that price closes across the line then enter. {image}
hi Chamane Yu prefer heiken ashi?
  • #353
  • Mar 24, 2016 12:20pm Mar 24, 2016 12:20pm
Quoting dany78
{quote} hi Chamane Yu prefer heiken ?
Hi Dany,

For me, it is an additional confirmation, but you can do without it. I also like to look at real candles for patterns like engulfing. I know you use Iccimoku a lot, but I don't feel comfortable with it, so I try to find my way.

Chamane
  • #354
  • Edited 1:35pm Mar 24, 2016 1:23pm | Edited 1:35pm
Above the trendline next week ??

if above next target is tenkan (red)
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  • #355
  • Mar 24, 2016 1:44pm Mar 24, 2016 1:44pm
Hopping in. AUSUSD.

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  • #356
  • Mar 24, 2016 1:45pm Mar 24, 2016 1:45pm
It is considered to be the divergence?
Thanks
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  • #357
  • Mar 24, 2016 1:55pm Mar 24, 2016 1:55pm
Quoting marketir
It is considered to be the divergence? Thanks {image}
yes it's a hidden divergence but in TF Daily; it's difficult
  • #358
  • Mar 24, 2016 3:52pm Mar 24, 2016 3:52pm
Quoting marketir
It is considered to be the divergence? Thanks {image}
Hi marketir,

Yes, that's how I would have looked at it. Always easier to tell afterwards, but there was hidden divergence for sure.

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  • #359
  • Mar 25, 2016 4:10am Mar 25, 2016 4:10am
I'm just seeing now that GBPUSD is replete with HD on the M15 time-frame. Worth checking out, example from yesterday
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Let it turn and find your entry.
  • #360
  • Mar 25, 2016 5:58am Mar 25, 2016 5:58am
Quoting Intrepidpips
I'm just seeing now that GBPUSD is replete with HD on the M15 time-frame. Worth checking out, example from yesterday {image}
A valid one for me.

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