Disliked{quote} Yes, I agree but I prefer drawing my divergence lines from the last swings (dotted lines). In this case, it doesn't give a hidden divergence. {image}Ignored
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- #882
- Edited 9:45pm Oct 27, 2016 8:29pm | Edited 9:45pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
{quote} Ah okay, thanks for your explaination; drawing the line from the last swing high/low. Thank you. So i will wait with you to enter AUD/CAD. What are your kind of rules you use to enter? When MACD turns positive at the end of the H4 candle? Or do you switch to lower timeframe to pinpoint entry? And Take profit where do you do that? {image}
There are also other entry methods that I use. Some are more agressive than others. I often look at the setup given on this thread (middle chart). Wait for TDI to cross its moving average. Confirm with Heiken Ashi and the cross of moving average in the main window.
Also, I am using more recently CCI 14 with turbo 6 and a modified MACD 5-8-3 (right chart). When there is a hidden divergence pattern forming on CCI 14, I wait for Turbo 6 to cross the zero line to enter (at the close of the candle). When that happens, usually MACD is crossing the zero line on the next smaller timeframe.
I always keep my stop loss tight because despite all those rules, there is no guaranty of success. On entry, I put a stop loss at the preceding swing and aim for a profit that equals the same amount than the risk. But that is up to you of course.
{quote} I would suggest you to try the entry technique given by the author of this thread. Wait for price to cross the Kijun and Tenkan lines of the Ichimoku indicator and also the trendline shown on the left chart. There are also other entry methods that I use. Some are more agressive than others. I often look at the setup given on this thread (middle chart). Wait for TDI to cross its moving average. Confirm with Heiken Ashi and the cross of moving average in the main window. Also,...
So entry in 3 ways:
1. Cross above Kijun and Tenkan lines.
2. TDI and Price cross their moving averages (5 MA, simple, HLC/3, shift 3)
3. CCI Turbo crosses 0 level
I have put all in one template now, just to show that on AUDCAD indeed all things line up
SL on last swing low, and TP usually R:R 1:1 (But up for trader to decide).
I hope i understood it correctly,
Thanks alot Chamane
(Et si tu parles pas Anglais mais Francais, parce que jai vu tu est de Canada, je parles aussi un peu Francais hh
)Greetz,
TheJube
Edit: Stoch had to be 8,3,5 not 8,5,3
- #884
- Oct 27, 2016 9:42pm Oct 27, 2016 9:42pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
{quote} Seriously my big thanks to you for this nice explaination. I hope i understood it correctly. So entry in 3 ways: 1. Cross above Kijun and Tenkan lines. 2. TDI and Price cross their moving averages (5 MA, simple, HLC/3, shift 3) 3. CCI Turbo crosses 0 level I have put all in one template now, just to show that on AUDCAD indeed all things line up
C'est sūr que je parle franēais. Bons trades!
- #885
- Oct 27, 2016 9:56pm Oct 27, 2016 9:56pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Looks like an opportunity developing.
- #889
- Oct 28, 2016 1:38pm Oct 28, 2016 1:38pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Took a while, but finally got moving. AUDCAD is also moving but has not cross kijun yet on 4HR. We will have to wait next week for that one.
- #890
- Oct 28, 2016 1:41pm Oct 28, 2016 1:41pm
- Joined Oct 2009 | Status: Trader | 1,023 Posts
I see this on Renko:
- #892
- Oct 28, 2016 5:02pm Oct 28, 2016 5:02pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Wrapup time! It's always interesting for me to analyze the opportunities that occured on the 4hr TF during this past week. Those are the ones that appear to me as hidden divergence pattern although some are not that obvious. In doubt, I look at the big picture in the higher timeframe and most of the time it speaks for itself. I only entered a few of them , all with success with a RR 1:1. GBP pairs were not that good, they were barely moving at all.
- #894
- Edited 9:35am Oct 30, 2016 8:34am | Edited 9:35am
- Joined Jan 2009 | Status: Trader | 1,987 Posts
- #896
- Oct 30, 2016 9:13pm Oct 30, 2016 9:13pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Hello, i wish all you had a good weekend. I had a question: How do you watch all the pairs and metals, on all timeframes? Do you have them all open at once? Or you open them after eachother? And do you watch them all when each H4 candle closes? Thanks!
I cannot speak for others, but I check all pairs every 4 hr whenever I can. It's not that long actually when using the MT4 platform which I think you do. Just drag/drop each pair on the main window from the MarketWatch tool.
You can still make your own setup and save it as a profile (menu "File", options "Profiles" and "Save as"). I wish I had a larger screen on my PC, but with only 2 profiles, I can have a quick look at opportunities. This is one of them below:
- #897
- Oct 31, 2016 2:04am Oct 31, 2016 2:04am
- Joined Oct 2009 | Status: Trader | 1,023 Posts
The sell on GU was open, let's see how it is going so far:
