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Hidden divergence

  • #641
  • Jul 2, 2016 3:26am Jul 2, 2016 3:26am
Quoting chamane
I usually show the hidden divergence opportunities of the past week on the 4 HR timeframe, but this time almost all pairs have been affected by the Brexit vote. Since HD is working well in a steady and clear trend and not so otherwise, I did not see any good opportunity. I very seldom trade intraday so I did not check for smaller TF. I am sure it will be better next week.
why do you prefer the Hidden divergence over the normal one?
  • #642
  • Jul 2, 2016 7:57am Jul 2, 2016 7:57am
Quoting NotMe
{quote} why do you prefer the Hidden divergence over the normal one?
I look at both. But I prefer to be in sync with the trend.
  • #643
  • Jul 5, 2016 4:36pm Jul 5, 2016 4:36pm
Opportunity coming up on the 4HR TF. Price has to close above Tenkan.

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  • #644
  • Jul 7, 2016 2:30am Jul 7, 2016 2:30am
here is my problem, i don't know when to exit.
If i am fast i lose a big trend, if i am late i get hit by opposite candle the eat all the profit.
How do you exit guys?
  • #645
  • Jul 7, 2016 9:33am Jul 7, 2016 9:33am
Got stopped out. Losing trades will always happen.

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  • #646
  • Jul 7, 2016 10:11am Jul 7, 2016 10:11am
Quoting NotMe
here is my problem, i don't know when to exit. If i am fast i lose a big trend, if i am late i get hit by opposite candle the eat all the profit. How do you exit guys?
I won't speak for others, but I would suggest to aim for a RR of 1:1 or 1:2. Personally, I like to bring my stop loss to breakeven when price reaches half my risk, but I get stopped out often with a small gain. I am more confident with it when I enter after an engulfing candle that confirms the momentum.
  • #647
  • Jul 9, 2016 7:38am Jul 9, 2016 7:38am
Here are what I consider the Hidden divergence pattern opportunities for the past week on the 4 HR timeframe. I colored the background in blue for the trades that would have worked out and pinkish for the ones that would have failed. The white background means that the trade is still open. For GBPCHF, price crossed Tenkan-Sen but not the trendline which emphasizes on the importance of waiting for all possible signs before entering a trade. The winning trades gave a RR of 1:2 if stop loss is set at the last swing high/low.

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  • #648
  • Jul 9, 2016 10:39am Jul 9, 2016 10:39am
Quoting chamane
Here are what I consider the Hidden divergence pattern opportunities for the past week on the 4 HR timeframe. I colored the background in blue for the trades that would have worked out and pinkish for the ones that would have failed. The white background means that the trade is still open. For GBPCHF, price crossed Tenkan-Sen but not the trendline which emphasizes on the importance of waiting for all possible signs before entering a trade. The winning trades gave a RR of 1:2 if stop loss is set at the last swing high/low. {image} {image} {image}...
AUDCHF - Catched it
EURGBP - avoided / Does entering after a spike like that ever work?
GBPJPY - avoided / Same as above!
EURAUD - missed it
GBPCHF - avoided / spike again!
Silver - avoided it cuz it wasn't enough retracement to the trend before
AUDCAD - was short cuz the Divergence and missed the Hidden one
EURNZD - catched it
GBPUSD - Long cuz the Divrgence

1- Do you leave your trades open during weekend? is it safe?
2- you enter immediately after the break of the trend line or wait till the candle close?
3- what do you think about exiting after a counter divergence (normal or hidden)?
  • #649
  • Jul 9, 2016 12:04pm Jul 9, 2016 12:04pm
Quoting NotMe
{quote} AUDCHF - Catched it EURGBP - avoided / Does entering after a spike like that ever work? GBPJPY - avoided / Same as above! EURAUD - missed it GBPCHF - avoided / spike again! Silver - avoided it cuz it wasn't enough retracement to the trend before AUDCAD - was short cuz the Divergence and missed the Hidden one EURNZD - catched it GBPUSD - Long cuz the Divrgence 1- Do you leave your trades open during weekend? is it safe? 2- you enter immediately after the break of the trend line or wait till the candle close? 3- what do you think about exiting...
1- Yes, I leave the trades open. Gaps don't happen all the time and when they do I don't think it is always against the trade.
2- I enter after the close of the candle across the trendline. It did not happen for GBPCHF, I was just showing the chart with a HD pattern. I beleive that this trendline is one of the most important sign to condider before entering a trade.
3- It is a good idea. Have you tested it? I prefer to aim a RR 1:2 after putting a stop loss at the last swing high/low.

Concerning the spikes, you have a good argument. I entered nevertheless because price showed all the other convergence signs: above the cloud, across Kijun and Tenkan, across price trendline and after an engulfing candle for most of them. Also it looks like Silver has not enough retracement, but it reached a major 38.2 Fib level.

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  • #650
  • Jul 11, 2016 4:42pm Jul 11, 2016 4:42pm
One pair to watch on the 4 HR TF.

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  • #651
  • Jul 11, 2016 7:35pm Jul 11, 2016 7:35pm
Another one to monitor.

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  • #652
  • Jul 12, 2016 6:45pm Jul 12, 2016 6:45pm
Settled for 93 pips.

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  • #653
  • Jul 12, 2016 7:41pm Jul 12, 2016 7:41pm
Another signal coming up at the close of the candle...

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  • #654
  • Jul 13, 2016 12:29am Jul 13, 2016 12:29am
Quoting dany78
I wait cross trendline and long....really good signal in my book i like hidden divergence ; In my opinion, it's one of, if not the most powerful signal in trading. {image} {image}
Why you use osma indicator for divergence . is it better than macd or rsi?
  • #655
  • Jul 13, 2016 12:44pm Jul 13, 2016 12:44pm
Quoting Ramingold
{quote} Why you use osma indicator for divergence . is it better than macd or rsi?

this is the one I prefer
  • #656
  • Aug 9, 2016 7:59am Aug 9, 2016 7:59am
No No, I mean, I'm on vacation with a friend, and sometimes...
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  • #657
  • Aug 10, 2016 7:22am Aug 10, 2016 7:22am
Price seems to have hit a support level with a strong divergence pattern upwards from OSMA. Decided to get out.

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  • #658
  • Aug 11, 2016 2:55am Aug 11, 2016 2:55am
Quoting chamane
Price seems to have hit a support level with a strong divergence pattern upwards from OSMA. Decided to get out. {image}
  • #659
  • Aug 11, 2016 3:49am Aug 11, 2016 3:49am
How well are u guys finding hidden divergence trades
  • #660
  • Aug 11, 2016 7:41am Aug 11, 2016 7:41am
Quoting trade786
How well are u guys finding hidden divergence trades
Works well. I haven't found that many opportunities lately though. I am now more patient and wait for clear patterns such as those in the pic below. I only trade the 4 hr wich gives around 3-5 trades a week. When I find one, I look at higher timeframes (daily, weekly) to confirm the direction of the trend. That is the main force of hidden divergence, it signals a move in the direction of the trend.

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