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Hidden divergence

  • #741
  • Oct 4, 2016 11:06am Oct 4, 2016 11:06am
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  • #742
  • Oct 4, 2016 12:08pm Oct 4, 2016 12:08pm
Quoting koukou
{image}
To me, it looks like a trend reversal. A regular divergence, and now a hidden divergence with a head and shoulders pattern.

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  • #743
  • Oct 4, 2016 12:25pm Oct 4, 2016 12:25pm
Quoting chamane
{quote} To me, it looks like a trend reversal. A regular divergence, and now a hidden divergence with a head and shoulders pattern. {image}
Chamane
thnx for the comment...
i found that a hd following by a regular one in a smaller timneframe is a good setup up ...agree?

and a question do you take hd setups out of the cloud? (above for sell and bellow for buy)

thnx in advance
  • #744
  • Oct 4, 2016 6:28pm Oct 4, 2016 6:28pm
Quoting koukou
{quote} Chamane thnx for the comment... i found that a hd following by a regular one in a smaller timneframe is a good setup up ...agree? and a question do you take hd setups out of the cloud? (above for sell and bellow for buy) thnx in advance
To your first question, I ran across such a strategy from some guru on the net. I made a few backtests and I personally believe it has a good occurrence of success. Try for yourself and you will see.

On your second question, it would be stronger if price would have crossed down the cloud. But I would still enter because of the preceding divergences that gives a stronger signal for the head and shoulders. But first, let price cross the trendline otherwise no entry.
  • #745
  • Oct 6, 2016 6:34am Oct 6, 2016 6:34am
GBP USD

The trend is your ........

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  • #746
  • Oct 6, 2016 6:37am Oct 6, 2016 6:37am
Good trade but what broker are you using that has a spread of 3.4 pips on GBPUSD?!
flipfloptrader forum
  • #747
  • Edited 11:28am Oct 6, 2016 6:38am | Edited 11:28am
Quoting flipflopgc
good trade but what broker are you using that has a spread of 3.4 pips on gbpusd?!
fx pro

gbp usd = 2.2 on average
  • #748
  • Oct 6, 2016 7:18am Oct 6, 2016 7:18am
And I didn't see it!


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  • #749
  • Oct 6, 2016 8:41am Oct 6, 2016 8:41am
I wait....... next week
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  • #750
  • Oct 6, 2016 8:50am Oct 6, 2016 8:50am
Hidden divergence is a good strategy

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  • #751
  • Edited 2:03pm Oct 6, 2016 1:51pm | Edited 2:03pm
Quoting chamane
{quote} I am also watching this pair closely. There is an up trend on the daily timeframe and price looks like it can bounce on the trendline. If it does, it would correspond to a cross of Tenkan and Kijun on the 4 hr or very closely. Those criteria are very important before entering. But we are almost at a major resistance level (more obvious on the daily chart), so if we ever enter long, we should not expect much more than a RR 1:1. That's how I see it. {image}
Hi Chamane

It was necessary to be patient! :70 pips

Candle and curves to draw correctly the trendline
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  • #752
  • Edited 7:39pm Oct 6, 2016 6:24pm | Edited 7:39pm
Quoting dany78
{quote} Hi Chamane It was necessary to be patient! :70 pips Candle and curves to draw correctly the trendline {image} {image}
Hi Dany,
Yes, patience is the mother of virtues. I did not enter on the HD because I don't like being so close to a major support/resistance level. If I had entered past the trendline, I would have got a 1:1 RR like I thought, but it is risky in that situation. Also, I prefer when price gets past both kijun and tenkan and it was not the case.

Now I suspect a trend reversal because of clear lower high, but my indicators don't show a hidden divergence like you do on your chart. I don't quite understand your way of drawing the HD line from the 0 level of OSMA. Can you explain? Thanks.

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  • #753
  • Oct 6, 2016 8:07pm Oct 6, 2016 8:07pm
One pair to watch.

  1. The daily chart shows a clear uptrend. And it looks like there is some room for interesting gain before reaching the resistance level (red horizontal line).
  2. The 1 hr chart shows a regular divergence upwards.

If it goes beyond kijun and cloud on the 1 hr chart, it will surely mean a cross of trendline on the 4 hr chart.

Let's wait and see.

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  • #754
  • Oct 6, 2016 9:39pm Oct 6, 2016 9:39pm
Quoting dany78
Hidden divergence is a good strategy {image}
Whilst impressive gains it's imperative for newcomers to understand had you had one bad trade to begin your account would have been over. Your USDCAD trade netted 50 pips and was worth over 60% of your account. Utter madness in terms of risk management.
flipfloptrader forum
  • #755
  • Oct 6, 2016 10:34pm Oct 6, 2016 10:34pm
Quoting FlipFlopGC
{quote} Whilst impressive gains it's imperative for newcomers to understand had you had one bad trade to begin your account would have been over. Your USDCAD trade netted 50 pips and was worth over 60% of your account. Utter madness in terms of risk management.
The TF 4 hour is the one which presents least risk.
Each is responsible for the acts; I accept my risks
  • #756
  • Oct 7, 2016 2:49am Oct 7, 2016 2:49am
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  • #757
  • Oct 7, 2016 9:10am Oct 7, 2016 9:10am
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  • #758
  • Edited 11:35am Oct 7, 2016 10:01am | Edited 11:35am
Quoting chamane
{quote} Hi Dany, Yes, patience is the mother of virtues. I did not enter on the HD because I don't like being so close to a major support/resistance level. If I had entered past the trendline, I would have got a 1:1 RR like I thought, but it is risky in that situation. Also, I prefer when price gets past both kijun and tenkan and it was not the case. Now I suspect a trend reversal because of clear lower high, but my indicators don't show a hidden divergence like you do on your chart. I don't quite understand your way of drawing the HD line from...
I don't wait the level 0
I enter when the candle 4h is closed under or above the trendline and after a little pullback.
I only use the curve for looking the break of the trendline.
Sorry for my poor english
  • #759
  • Edited 12:00pm Oct 7, 2016 10:11am | Edited 12:00pm
Quoting dany78
Hidden divergence is a good strategy {image}
Hi Dany it's been a while since I've been here.
I dare say Hidden Divergence is the best strategy for trend continuation. and I'm trying to get it right with Renko
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Let it turn and find your entry.
  • #760
  • Oct 7, 2016 10:12am Oct 7, 2016 10:12am
Dany - where have you been man? keep up the good work.
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