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  • #15,381
  • Aug 17, 2016 11:34pm Aug 17, 2016 11:34pm
USDCAD +50 pips from Hidden divergence.
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  • #15,382
  • Aug 17, 2016 11:45pm Aug 17, 2016 11:45pm
Quoting Mudosh
USDCAD +50 pips from Hidden divergence. {image}

Thanks Mudosh...
  • #15,383
  • Aug 17, 2016 11:58pm Aug 17, 2016 11:58pm
Quoting Mudosh
USDCAD +50 pips from Hidden divergence. {image}
nice catch
  • #15,384
  • Edited 1:34am Aug 18, 2016 1:29am | Edited 1:34am
Info!!
GJ TF 30

divergence 2 for entry long and a few time later divergence 1 for entry short
both of entry with trendline back hold

what to do??

thanks to all

( and see divergence 3 later)
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  • #15,385
  • Aug 18, 2016 2:15am Aug 18, 2016 2:15am
Quoting pinux76
Info!! GJ TF 30 divergence 2 for entry long and a few time later divergence 1 for entry short both of entry with trendline back hold what to do?? thanks to all ( and see divergence 3 later) {image}
do not force yourself to see divergence when they are not really there.
the market move in waves, the smaller the timeframe the smaller the waves hence you will see a lot more divergence than you will see in the higher timeframe.

here is an example of what a 'good' Divergence is, there must be distinct swing high, then swing low, then swing high, ...every swing must be confirm with a TDI cross down, cross up, etc.

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Click to Enlarge Name: GBPJPY Divergence TDI Stoch.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,386
  • Aug 18, 2016 2:40am Aug 18, 2016 2:40am
Quoting emmanuel7788
{quote} do not force yourself to see divergence when they are not really there. the market move in waves, the smaller the timeframe the smaller the waves hence you will see a lot more divergence than you will see in the higher timeframe. here is an example of what a 'good' Divergence is, there must be distinct swing high, then swing low, then swing high, ...every swing must be confirm with a TDI cross down, cross up, etc. {image}
Then surely this is bullish divergence on the Daily?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 32 KB
Success means going from failure to failure without loss of enthusiasm
  • #15,387
  • Aug 18, 2016 2:50am Aug 18, 2016 2:50am
Quoting lisat
{quote}Then surely this is bullish divergence on the Daily? {image}

looks like but it is NOT.

The truth is more than 50% of perceived Divergence will fade and end up in failed trades. There is more than just Divergence seen before we decide and take a Divergence type of trade setup.

You have to read about Divergence using the RSI.

Read this book
RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,388
  • Aug 18, 2016 3:19am Aug 18, 2016 3:19am
Quoting emmanuel7788
{quote} looks like but it is NOT. The truth is more than 50% of perceived Divergence will fade and end up in failed trades. There is more than just Divergence seen before we decide and take a Divergence type of trade setup. You have to read about Divergence using the RSI. Read this book RSI: The Complete Guide Post#27,110 by John Hayden The Truth about Divergence ... read Chapter 4 Page 65
I have read the book all I know is from my own experience of divergence if drawn correctly from the peaks and troughs of the indicator to the corresponding candle along with price action there are not many that fail. Not as a change of trend in every case but of a pullback. But that is just my opinion of divergence.
Success means going from failure to failure without loss of enthusiasm
  • #15,389
  • Aug 18, 2016 3:23am Aug 18, 2016 3:23am
Quoting heispark
{quote} Good to see you back WD....
Back from a hiatus. Good to see you too

Quoting lisat
{quote}I have read the book all I know is from my own experience of divergence if drawn correctly from the peaks and troughs of the indicator to the corresponding candle along with price action there are not many that fail. Not as a change of trend in every case but of a pullback. But that is just my opinion of divergence.
The thing about divergence is, that it is only valid so long as it's coherent with Market Structure. If there is a shift in the latter, then a divergence should show most of the time. In this sense, oscillator-price divergences are more of a confirmation tool in my eyes.
  • #15,390
  • Aug 18, 2016 3:30am Aug 18, 2016 3:30am
Quoting WDays
{quote} Back from a hiatus. Good to see you too {quote} The thing about divergence is, that it is only valid so long as it's coherent with Market Structure. If there is a shift in the latter, then a divergence should show most of the time. In this sense, oscillator-price divergences are more of a confirmation tool in my eyes.
Yes that is what I also think I use it as confirmation along with price action.
Success means going from failure to failure without loss of enthusiasm
  • #15,391
  • Aug 18, 2016 4:30am Aug 18, 2016 4:30am
Joe Dinapoli said about divergence: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there."
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,392
  • Aug 18, 2016 4:38am Aug 18, 2016 4:38am
Quoting heispark
Joe Dinapoli said about divergence: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there."
I do not trade divergence on its own I trade it along with price action to find the best entries. For instance I noticed along with Likica that GA had divergence on the D1 chart and I also noticed that GBPJPY had divergence. I would not use it to go in on its own but along with the bullish outside bar on GA D1 and the pin bar on GJ D1 I would not put in a sell and would be looking more to buy. Taken in isolation anything will fail a lot but with a collection of different signs we have more chance of winning than losing.
Success means going from failure to failure without loss of enthusiasm
  • #15,393
  • Aug 18, 2016 4:49am Aug 18, 2016 4:49am
Quoting lisat
{quote}I do not trade divergence on its own I trade it along with price action to find the best entries. For instance I noticed along with Likica that GA had divergence on the D1 chart and I also noticed that GBPJPY had divergence. I would not use it to go in on its own but along with the bullish outside bar on GA D1 and the pin bar on GJ D1 I would not put in a sell and would be looking more to buy. Taken in isolation anything will fail a lot but with a collection of different signs we have more chance of winning than losing.
Yes, that's "excellent means of filtering it"... I also use divergence in this strategy of course.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,394
  • Aug 18, 2016 5:58am Aug 18, 2016 5:58am
Quote:
How can you use the Heikin-Ashi chart in your trades?
I know that some traders only use Heikin-Ashi to trade but I dont agree with it. As you saw HeikinAshi
is delayed. So it is good for trading volatile currency pairs like GBP-JPY and with small time
frames. It is good for intraday trading and scalping using small time frames like 5 minutes or 2
minutes. It is not suitable for big time frames like daily and 4 hours because you will be too late in
many cases and so you have to close your trade before you make any profit.

What do you think?


Quote:
most of the time is cut your losses. Cutting you losses is only one side of the coin. Without rule two, you will find that trading still isn't even a 50/50 game. Without a correct method to press your correct positions you will never recover much beyond your losses. You need rule two to ensure you have a larger position when you are correct. You always want a larger position when you get a great move or trending market than when your position isn't correct.

I also see the book Phantom of the Pits，the rule 1 is cut your loss fast.

How can we use the rule 2 to add the position & multiple entry by using TMS Intraday Trade?
Attached File(s)
File Type: pdf Heiken Ashi Candles.pdf   484 KB | 1,030 downloads
File Type: pdf Phantom of the Pits.pdf   777 KB | 8,548 downloads
  • #15,395
  • Aug 18, 2016 6:04am Aug 18, 2016 6:04am
Quoting leescofield
Quote: How can you use the Heikin-Ashi chart in your trades? I know that some traders only use Heikin-Ashi to trade but I dont agree with it. As you saw HeikinAshi is delayed. So it is good for trading volatile currency pairs like GBP-JPY and with small time frames. It is good for intraday trading and scalping using small time frames like 5 minutes or 2 minutes. It is not suitable for big time frames like daily and 4 hours because you will be too late in many cases and so you have to close your trade before you make any profit. What do you think?...
The entire idea behind HA or APB is to smooth out price. This way you don't get distracted by every single tick. A prerequisite for this system is to have a cross on the TDI and an APB that matches. That's your entry signal. You do not frame setups upon your signal, you frame them on other means of technical analysis. Big E notes horizontal support and/or resistance, trend and swing highs and lows.

I hope this helps.
  • #15,396
  • Aug 18, 2016 6:14am Aug 18, 2016 6:14am
Quoting emmanuel7788
{quote} do not force yourself to see divergence when they are not really there. the market move in waves, the smaller the timeframe the smaller the waves hence you will see a lot more divergence than you will see in the higher timeframe. here is an example of what a 'good' Divergence is, there must be distinct swing high, then swing low, then swing high, ...every swing must be confirm with a TDI cross down, cross up, etc. {image}

thanks to emmanuel7788 and the other trader

for my "view" i trade only tf30 and check only one big tf 240 ( for trend support or resistance)
because the are more than enough pip for my target

and because if check daily and bigger tf etc etc there are a lot of more information that i can't use , and my mind go black

my simple trend is a moving average belowe check for short above long,


and this morning ( my main trend was short) i have seen a divergence for entry short (2) and (3)
but the price don't break the trend line and go up with GBP news positive
and view an opposite divergence

but useful i found (thanks post Lisat ) to check the if there ar divergence on big tf on GA or other!!
i try the next day

for understand better i'm focus on GJ , but on monitor i have GU GA ed EJ

thanks for all and good pips

check other pair hope help me when i'm confused to not entry in a trade not "so good"
and with patience and discpline attend the correct signal
a flat signal is better than a loss to recover
  • #15,397
  • Aug 18, 2016 6:44am Aug 18, 2016 6:44am
EC +24

hidden div, PCFR, inside candle, off yesterdays low, DOL, 1.45
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  • #15,398
  • Aug 18, 2016 7:02am Aug 18, 2016 7:02am
Quoting leescofield
Quote: How can you use the Heikin-Ashi chart in your trades? I know that some traders only use Heikin-Ashi to trade but I dont agree with it. As you saw HeikinAshi is delayed. So it is good for trading volatile currency pairs like GBP-JPY and with small time frames. It is good for intraday trading and scalping using small time frames like 5 minutes or 2 minutes. It is not suitable for big time frames like daily and 4 hours because you will be too late in many cases and so you have to close your trade before you make any profit. What do you think?...
I think you are a very resourceful person going by the large amount of research material you have and posted in FF. At some point in time, you will suffer information, overload which will demotivate you much more than it will motivate you. You need to find a way forward, a proper structure to teach yourself. To learn many things also will mean that you have later on unlearn many things to cultivate good trading habits. It is going to be a very long journey for you but one day you will make it good.

"Cut Losses Short" ... "Let Profits Run" ... these kind of investment / trading motherhood statements we read in books and hear all the time from gurus.
Very easy to say, but very hard to do.
Therefore, my conclusion is that there is not a single guru who can teach you everything you need to be successful in this business. The work to do to ensure you succeed depends on you to find your own winning edge.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,399
  • Aug 18, 2016 7:03am Aug 18, 2016 7:03am
Quoting jstmzplsz
EC +24 hidden div, PCFR, inside candle, off yesterdays low, DOL, 1.45 {image}

the divergence is much closer than what you seen.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,400
  • Aug 18, 2016 7:43am Aug 18, 2016 7:43am
Quoting emmanuel7788
{quote} I think you are a very resourceful person going by the large amount of research material you have and posted in FF. At some point in time, you will suffer information, overload which will demotivate you much more than it will motivate you. You need to find a way forward, a proper structure to teach yourself. To learn many things also will mean that you have later on unlearn many things to cultivate good trading habits. It is going to be a very long journey for you but one day you will make it good. "Cut Losses Short" ... "Let Profits Run"...
Yes,you know what I am feeling right now.Overloaded.
And many times I want to know what guru thinking then follow their paths.Maybe I will try other way out,from myself,not from others.
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