GBPUSD 4 HR +30 pips. image

Hidden divergence

Another HD opportunity on the 4 HR chart. GBP seems to keep going down. image

Hidden divergence

Too bad I do not have access to that instrument.

Hidden divergence

Here is an interesting situation. We can see a HD pattern on the 4 HR chart and an entry signal on the 1 HR. I won't take it because price fall seems to be exhausted which is shown by repetitive regular divergence signs by MACD to the upside on the ...

Hidden divergence

A HD pattern on a clear down trend on the 4 HR chart. I entered on the signal on the 1 HR chart. image

Hidden divergence

A HD pattern on the 4 HR chart, but not sure that price will continue going up. Waiting for a signal on the 1 HR chart. image

Hidden divergence

Here is an example of managing hidden divergence with a drill down approach which I think is ideal for high timeframes that have a high level of risk. The HD pattern is identified on the Monthly chart (yellow trend lines). Switching to the Weekly ...

Hidden divergence

That is about right.

Hidden divergence

I will probably bring my stop loss to break even before the end of the trading day and the start of the w.e. image

Hidden divergence

I prefer protecting my capital asap as you did.

Hidden divergence

It doesn't always work and this is a good example. There were some important news about the CAD this morning. I should have been more careful. image

Hidden divergence

Yes, I am.

Hidden divergence

Nice setup. I will wait for price to close across the trendline or MACD to cross the zero line. image

Hidden divergence

rmchokku, Just to be clear, you can trade the HD pattern on the main chart only using indicators, trendline cross and price action. If you decide to use lower timeframes for entries like I do, I suggest the next lower timeframes which are usually ...

Hidden divergence

AUDJPY 4 HR. image

Hidden divergence

Looks good to me. Good trades!

Hidden divergence

I don't count bars with MACD, but it can be a gage for indicators like Stochastic or RSI. For instance, I use 8,3,5 settings so when I am waiting for a divergence signal, the distance between peaks should be around 8 candles apart, maybe up to the ...

Hidden divergence

rmchokku, Here are the TF's I use: image It's my personal choice.

Hidden divergence

I consider the fact that being in sync with the trend is simply another convergence tool to use in my trading.

Hidden divergence

rmchokku, This is a concern that has been brought to trader's attention in earlier posts in this thread. What I suggest in what seem to be conflict situations between timeframes is to keep it simple and give priority to the higher one. That's what I ...

Hidden divergence