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Comparative Price Action

  • #1
  • First Post: Jun 20, 2017 12:23pm Jun 20, 2017 12:23pm
Comparative Price Action - aka; Its Not Your Grandfathers Divergence

First order of business is to recognize billbss for beginning this FF thread 8 years ago:
https://www.forexfactory.com/showthread.php?t=160679

He supplied all the info I needed to begin down this path. Im not sure if he is still monitoring FF. His last post (to another thread) was in February 2017. Thank You billbss.

Thread in a nutshell;
if one pair makes a lower low and the other does not, you buy the one that does not. (Stronger)

If one pair makes a higher high and the other does not, sell the pair that does not. (Weaker)

Dont expect to understand this in a few minutes. First learn divergence. If you dont know what that is, read about, or watch YT videos, until you PERFECTLY understand what it is youre looking for.

Don’t be concerned with Hidden Divergence at this time. However, once you get the grasp of what to look for, by all means, feel free to play around with Hidden Divergence to help us to discover what it, and other adjunct methods may assist us in finding better entries.
Attached Image (click to enlarge)
Click to Enlarge Name: Divergence Charts.png Size: 331 KB
  • #2
  • Jun 20, 2017 12:30pm Jun 20, 2017 12:30pm
I spend much of my time looking at Line charts. They supply closing prices, and this is what I base my analysis on.

The picture below shows the EurGbp trade I took this morning around 8:00 NY time.

The second picture shows my main trading chart which displays both pairs on the same chart for comparative analysis. The Red Trend lines show the subject of my interest.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EG June 20.png Size: 64 KB
Click to Enlarge Name: EG_GbpChf June 20.png Size: 64 KB
  • #3
  • Jun 20, 2017 12:37pm Jun 20, 2017 12:37pm
Here are two videos to help explain what I'm doing, in more depth. The second one covers today EurGbp trade, and everything I looked at to make it work.

I may not explain some things to your understanding. Ask questions if I'm being unclear.

Inserted Video



Inserted Video
  • #4
  • Jun 20, 2017 12:47pm Jun 20, 2017 12:47pm
Subscribed and ready to learn more.
SVT refer to mql5 link
  • #5
  • Jun 20, 2017 12:53pm Jun 20, 2017 12:53pm
Quoting SubheadSeven
Subscribed and ready to learn more.
+++++++++++++++++++++

Great. Hope this helps you.
  • #6
  • Jun 20, 2017 1:01pm Jun 20, 2017 1:01pm
Elegantly simple. Probably harder to master?

What do you use to generate your line charts?
  • #7
  • Jun 20, 2017 1:09pm Jun 20, 2017 1:09pm
Quoting clemmo17
Elegantly simple. Probably harder to master? What do you use to generate your line charts?
+++++++++++++++++

Was about to post indicator.

This Picture should give you enough info to set up OverLayChartLINE chart properly.
Note any extra broker pair identifiers. i.e.: EurUsdm or EurUsdi. Some brokers may use these. If you fail to add them to inputs, the second line with not show up.
Attached Image
Attached File(s)
File Type: mq4 OverLayChartLINE.mq4   12 KB | 870 downloads
  • #8
  • Jun 20, 2017 1:16pm Jun 20, 2017 1:16pm
I like to start out by looking at H4 charts on these grouped pairs:

• EurUsd vs UsdChf (Mirrored)
• GbpChf vs EurGbp (Mirrored)
• EurJpy vs ChfJpy (Not Mirrored)
• GbpUsd vs GbpJpy (Not Mirrored) This is probably the hardest set to find trades in. I did see one today, after the fact. I will be posting other set ups I saw on today's price action.

At this time, I have no other grouped sets I look at. If you have some ideas, please check them out and share, if they make sense.
  • #9
  • Jun 20, 2017 1:44pm Jun 20, 2017 1:44pm
Sounds nice. I will follow wish you much luck with your thread.
Everyday better.
  • #10
  • Jun 20, 2017 1:54pm Jun 20, 2017 1:54pm
In the bottom right hand corner of the OverlayChartLINE, is where the ATR numbers are posted.
'billbss' did extensive research and determined that having a target & SL of 2X the 14 bar ATR, worked quite well.

In the second video I chose not to use those parameters because of closeness of Supply zone. But, in fact, price did travel the complete distance of 2X the 14 Bar ATR.

As always, experience can pay off, when it's not biting your butt... lol
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  • #11
  • Jun 20, 2017 2:02pm Jun 20, 2017 2:02pm
subscribed...
Risk comes from not knowing what you're doing.
  • #12
  • Jun 20, 2017 2:19pm Jun 20, 2017 2:19pm
Quoting diamonddbw
I like to start out by looking at H4 charts on these grouped pairs: EurUsd vs UsdChf (Mirrored) GbpChf vs EurGbp (Mirrored) EurJpy vs ChfJpy (Not Mirrored) GbpUsd vs GbpJpy (Not Mirrored) This is probably the hardest set to find trades in. I did see one today, after the fact. I will be posting other set ups I saw on today's price action. At this time, I have no other grouped sets I look at. If you have some ideas, please check them out and share, if they make sense.
if Am not misunderstood what u have explained here is actually statistical arbitrage
WaBaS Where are Buyers and Sellers
  • #13
  • Jun 20, 2017 2:36pm Jun 20, 2017 2:36pm
Quoting mr.brown
{quote} if Am not misunderstood what u have explained here is actually statistical arbitrage
+++++++++++++++++++

Thanks for your input. I suppose this does have similarities. The big difference (in my mind) is the fact that I don't sell one whilst buying the other.

I'm not opposed to using whatever rationale that helps to understand what the objective is here.
  • #14
  • Jun 20, 2017 5:27pm Jun 20, 2017 5:27pm
Hi Darryl - good luck with the thread. I will follow with interest.
  • #15
  • Jun 20, 2017 6:35pm Jun 20, 2017 6:35pm
Quoting handy148
Hi Darryl - good luck with the thread. I will follow with interest.
++++++++++++++++++++

Thanks Michael. I aim to please, right after I make more money...
  • #16
  • Jun 20, 2017 6:37pm Jun 20, 2017 6:37pm
If a fella like you is opening a thread and sharing.. i am here to listen lol.. congrats..

FYI.. you seem to be a great guy..
It's in fear when people show what they truly value.
  • #17
  • Jun 20, 2017 7:38pm Jun 20, 2017 7:38pm
Quoting ensale
If a fella like you is opening a thread and sharing.. i am here to listen lol.. congrats.. FYI.. you seem to be a great guy..
+++++++++++++++++++++

Thanks for the kind words.

btw, we are All Great. Occasionally we might forget that fact, and act an ass. ROFL
  • #18
  • Jun 20, 2017 8:13pm Jun 20, 2017 8:13pm
This is a daily set up on EurGbp vs GbpChf. This is a "Mirror" set, so you need to find it on the OverlayChartLINE indy.

2X the 14 day ATR is about 150 pips. Drawdown was 75, at one point. Since then it's gone up almost 400.

I'll be posting other set ups during NY tomorrow. I generally don't see set ups on H4, and below, during Asia. Many of the moves set up within a few hours of London open. Always remember to go to lower time frame for entries with smaller SL, but you still use the higher TF targets, within reason.
Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp Daily Set Up.png Size: 91 KB
  • #19
  • Jun 21, 2017 6:32am Jun 21, 2017 6:32am
This video shows top down analysis of GbpUsd vs GbpJpy, starting with H4, and following down to M15, with all the steps along the way.

Inserted Video
  • #20
  • Jun 21, 2017 10:02am Jun 21, 2017 10:02am
I just recorded this video of the only set up I've found today. In fact I had to add a new set of pairs to find this. Now AudUsd vs NzdUsd is on my watch list.

Complete list:
I like to start out by looking at H4 charts on these grouped pairs:

• EurUsd vs UsdChf (Mirrored)
• GbpChf vs EurGbp (Mirrored)
• EurJpy vs ChfJpy (Not Mirrored)
• GbpUsd vs GbpJpy (Not Mirrored)
• AudUsd vs NzdUsd (Not Mirrored)

Inserted Video
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