Hidden divergence

It remains only to wait ..

Ya ni panimayu, pa englisky pajalusta

I'm still learning and I ask to see my charts above AUDCAD and AUDCHF. Any criticism is welcome

It's a good setup, but what about the spread of your broker? Sometimes the MM is not good enough because of the spread...

It's obvious what's wrong on 1st picture.

In the second picture a line in the oval is neither a trendline nor a line between two tops.

wayfarer, read carefully the part devoted to divergences in babypips school and all links provided in the bottom of that page (the whole school itself is highly beneficial).

http://www.babypips.com/school/high-...e-trading.html

It is not easy to get what you are saying but it looks like you do not use this method of trading. Reading Forex books- it's one story, trading Forex- it's another.

Hi, Botan. Without reading the first part of this thread, I can see where your confusion is coming from. Please see the screenshot down below for clarification:

Vitall, thanks for this link. Good read so far!

Dany, thanks so much for starting this great thread. Well done!

And a hearty thanks to chamane for taking the time to post your many, clearly explained examples. What a great help they've been!

Many pips to all!!

Hey all, hope everyone has a good christmas.

I was backtesting a bit, and came up with a suggestion. Please note i'm not here to change everything, the system is great and works great. I was just thinking and experimenting with the option to have another way of trade management. Entry is the same (hidden divergence). But i came up with this:

Put up the Parabolic Sar (Standard settings, 0.02,0.2) on the chart.
(Explaining this for a SELL)

-FIRST FIND HIDDEN DIVERGENCE, thats the core of the whole system...
-SL=Last swing high (for sell!)
-Mark the entry point of your trade (MT4 already does this for you, with a nice green line ).

Here comes the part of the PSAR:
-If the PSAR is above price, and below (or at) your entry line, move your SL to that point where the PSAR dot is.
Then when price keeps moving down, move your SL down after each bar closes and prints a new PSAR point above price (So only focus on PSAR dots above price if your selling, the PSAR dots that appear below price don't matter)

Test it out for yourself, in a trending market you will make very very nice R:R's. (So it could be an alternative to a set and forget R:R of 1:1, which also works of course, but myself i'd like to have a variable R:R that gets bigger and bigger with a trend in play)

I also put up an example, its not the best example, but i dont have alot of time now, so yeah its the best i could do for now, but test it out on your own charts if you want

EDIT: Enjoy the holidays with your beloved ones!

Greetz,

TheJube.

hi guys

Let me show you a little cowboy trick with the bollinger bands
I use only the weekly and monthly charts to draw the resistances and the supports.

I think it's very effective.

good luck !!

an another example with the weekly chart
you can use monthly chart with the the band upper and lower

What do you mean. BUY or SLL and SL level?

Thank you

it's a big resistance or support.