Attachments: Hidden divergence

Hidden divergence

#941
Nov 9, 2016 3:50am Nov 9, 2016 3:50am

dany78
Joined Dec 2012 | Status: Trader | 712 Posts

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#942
Nov 9, 2016 5:28pm Nov 9, 2016 5:28pm

chamane
Joined Jan 2009 | Status: Trader | 1,987 Posts

Next brick down will be an entry signal for me.

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#943
Nov 9, 2016 5:52pm Nov 9, 2016 5:52pm

TheJube
Joined Jul 2015 | Status: Trader | 321 Posts

Quoting chamane

Disliked

Next brick down will be an entry signal for me. {image}

Ignored

Hey Chamane,

Did you quit trading the normal TF's, and only 5 brick Renko at the moment?

#944
Nov 9, 2016 8:21pm Nov 9, 2016 8:21pm

chamane
Joined Jan 2009 | Status: Trader | 1,987 Posts

Quoting TheJube

Disliked

{quote} Hey Chamane, Did you quit trading the normal TF's, and only 5 brick Renko at the moment?

Ignored

I watch all timeframes 4 hr and up and also renko and range bars. Lately, I realised that three line break charts give good results also.

#945
Nov 9, 2016 8:28pm Nov 9, 2016 8:28pm

yan7181
| Joined Aug 2009 | Status: Trader | 138 Posts

I tried reno bar before few years back, couldn't open too many as it is taking a lot of memory. For divergence , I am trying to focus on h1 time frame, as if I see other timeframe , they might have conflicting each other. But I will try to look at h4 for now. Thanks for the guide chamane

#946
Nov 9, 2016 9:42pm Nov 9, 2016 9:42pm

chamane
Joined Jan 2009 | Status: Trader | 1,987 Posts

Here is a Three Line Break chart with few examples of hidden divergence patterns. They work best in an up or down direction as for regular charts. Too bad MT4 doesn't provide a good indicator allowing us to trade divergences with TLB. There might be one but I didn't find it.

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#947
Nov 9, 2016 11:22pm Nov 9, 2016 11:22pm

chamane
Joined Jan 2009 | Status: Trader | 1,987 Posts

Here are 10 pip Range bar (left) and Renko (right) charts side by side. Clear hidden divergence patterns on both of them.

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#948
Nov 10, 2016 2:35pm Nov 10, 2016 2:35pm

chamane
Joined Jan 2009 | Status: Trader | 1,987 Posts

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#949
Nov 11, 2016 12:27am Nov 11, 2016 12:27am

LucyLiu
| Joined Jun 2016 | Status: Trader | 14 Posts

Is this correct? Many thanks~

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Lucy

#950
Nov 11, 2016 6:50am Nov 11, 2016 6:50am

chamane
Joined Jan 2009 | Status: Trader | 1,987 Posts

Quoting LucyLiu

Disliked

Is this correct? Many thanks~ {image} Lucy

Ignored

Yes, for me that is correct. Easy to say afterwards

. Funny, your Stochastic is different than mine even with the same settings.

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#951
Nov 11, 2016 6:55am Nov 11, 2016 6:55am

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting chamane

Disliked

{quote} Yes, for me that is correct. Easy to say afterwards . Funny, your Stochastic is different than mine even with the same settings. {image}

Ignored

look on your stoch and OsMA... the chart prints higher high, they both print LL

#952
Nov 11, 2016 8:13am Nov 11, 2016 8:13am

dany78
Joined Dec 2012 | Status: Trader | 712 Posts

Quoting LucyLiu

Disliked

Is this correct? Many thanks~ {image} Lucy

Ignored

Good job !!
You was above the cloud

#953
Nov 11, 2016 8:56am Nov 11, 2016 8:56am

LucyLiu
| Joined Jun 2016 | Status: Trader | 14 Posts

Thank all,

The G/U kicked my SL but the G/N achieved TP~

My SL is too close the enter price.

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#954
Edited 5:13pm Nov 11, 2016 4:56pm | Edited 5:13pm

chamane
Joined Jan 2009 | Status: Trader | 1,987 Posts

Quoting LucyLiu

Disliked

Thank all, The G/U kicked my SL but the G/N achieved TP~ My SL is too close the enter price. {image}

Ignored

The Fib levels are a good tool to use before entering. On the GBPUSD pair, price retraced to a minor 23.6 with a hammer candle wich is a good signal whereas on the GBPNZD it didn't reach a significant level. However, since they are well correlated with one another, the entry was kind of justified. I am not sure if I would have entered on the latter though.

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#955
Nov 11, 2016 9:23pm Nov 11, 2016 9:23pm

chamane
Joined Jan 2009 | Status: Trader | 1,987 Posts

Those two pairs show signs of future opportunities in Three Line Break charts. If the hidden divergence patterns still hold, the first down candle will be the trigger signal in both cases.

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