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Hidden divergence

  • #541
  • May 29, 2016 6:53pm May 29, 2016 6:53pm
Hi chamane,

Found this thread yesterday. I feel trend for USD/CAD H4 up, so connecting the lows. Using stochastic for hidden divergence.

Thanks

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Quoting chamane
Awaiting another opportunity for price to cross Tenkan-sen downwards and get out of the cloud. {image}
"The markets can remain irrational longer than you can remain solv
  • #542
  • May 29, 2016 9:30pm May 29, 2016 9:30pm
After a few hesitations, price decided to drop.

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  • #543
  • May 29, 2016 9:54pm May 29, 2016 9:54pm
Quoting shyean
Hi chamane, Found this thread yesterday. I feel trend for USD/CAD H4 up, so connecting the lows. Using stochastic for hidden divergence. Thanks {image} {quote}
Hi Shyean,

I guess you got it right. I prefer not to have any noise between highs and lows of the oscillators. When there is noise like the ones between the lows of your stochastics, it often means that they won't show on a higher timeframe like the daily in this case (right chart).

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It also means that if the daily trade succeeds, price will never cross my trendlines on 4HR TF. I should have looked at the daily chart. Right now I am focusing on the 4 HR charts. When I scan everything to find a setup, I usually begin with the monthly chart down to the 5min. Higher TF are stronger than smaller ones.
  • #544
  • Edited 10:41pm May 29, 2016 10:28pm | Edited 10:41pm
Looks like this week there will be an entry signal on GBPAUD monthly chart. The risk is too high for me, but I will check out for entries upwards on smaller TF like weekly and daily from now on.

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  • #545
  • May 30, 2016 2:07am May 30, 2016 2:07am
Quoting chamane
Looks like this week there will be an entry signal on GBPAUD monthly chart. The risk is too high for me, but I will check out for entries upwards on smaller TF like weekly and daily from now on. {image}
  • #546
  • May 30, 2016 7:29am May 30, 2016 7:29am
Looks like there is a flag shaping up on NZDUSD monthly chart adding to the small HD pattern.

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  • #547
  • May 30, 2016 7:57am May 30, 2016 7:57am
Waiting for the cross of the trendline and Tenkan on Gold 1HR TF.

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  • #548
  • May 30, 2016 8:18am May 30, 2016 8:18am
Long signal on USDCAD 1HR TF.

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  • #549
  • May 30, 2016 8:23am May 30, 2016 8:23am
Quoting chamane
Long signal on USDCAD 1HR TF. {image}
Great, you're all set
  • #550
  • May 30, 2016 4:22pm May 30, 2016 4:22pm
Cross of Tenkan and an engulfing candle short. Nice entry signal on Gold 1 HR.

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  • #551
  • May 30, 2016 4:36pm May 30, 2016 4:36pm
Silver shows a similar setup, although not as clear. Price will have to cross Tenkan. Silver is usually well correlated positively with Gold.

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  • #552
  • May 31, 2016 11:16am May 31, 2016 11:16am
The anticipated entries didn't happen. That points out the importance of being patient and follow rules with discipline. On the left chart, price crossed Tenkan with an engulging cande, but the entry with such a pattern is at the high/low of the candle, wich has not occured. On the right chart, price did not cross Tanken.

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  • #553
  • May 31, 2016 4:28pm May 31, 2016 4:28pm
A setup growing for a long entry. The Fib level retracement is not clear, but we have a strong rejection candle long. The probability will be much higher if price gets to Tenkan.

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  • #554
  • May 31, 2016 4:42pm May 31, 2016 4:42pm
Those Yen pairs and Gold are definitely worth watching on 4 HR. The next few candles will be meaningful.

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  • #555
  • Jun 1, 2016 9:44am Jun 1, 2016 9:44am
Quoting chamane
Those Yen pairs and Gold are definitely worth watching on 4 HR. The next few candles will be meaningful. {image}
No signal triggered on the Yen pairs and the HD pattern are no longer present. The only one left on the 4HR chart is on Gold. If the situation remains as it is at the close of the next candle, I will enter short:

 

  1. clear trend downwards
  2. HD pattern on two oscillators
  3. retracement on a major Fib level
  4. cross of both Ichimoku trendlines
  5. cross of price trendline
  6. engulfing candle short

I will put a pending order at the low of the engulfing candle.

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  • #556
  • Jun 1, 2016 11:12am Jun 1, 2016 11:12am
I will be subbing this page because I have slowly gravitated to this approach.
  • #557
  • Jun 1, 2016 6:50pm Jun 1, 2016 6:50pm
Here is why I prefer using a pending order with engulfing candle. It is not uncommon to get such a retracement right after the close of the candle.

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  • #558
  • Edited 8:31pm Jun 1, 2016 8:17pm | Edited 8:31pm
HD on OSMA only, but retracement on a Fib level, cross of Tenkan and a nice evening star candle pattern. Going short on smaller TF using wichever strategy would be advisable IMO.

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Similar remark applies to GBPAUD long.

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  • #559
  • Jun 1, 2016 9:00pm Jun 1, 2016 9:00pm
Scalped 35 pips on both charts altogether. Had a RR around 1:1 and got out because of the support levels.

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  • #560
  • Edited 1:50am Jun 2, 2016 1:39am | Edited 1:50am
EUR/USD H4

Hidden Divergence near resistance.

Hi chamane,

Do you see the same?

Thanks

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"The markets can remain irrational longer than you can remain solv
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