Typical HD trade. image

Hidden divergence

Hi Lucyliu, Although there was an HD pattern on EURAUD, price is telling us that it might reverse because of the morning star price pattern. The daily chart shows also a major support level. image

Hidden divergence

Lost on this one. It was an aggressive entry because I did not wait for price to cross its trendline. I relied on the cros of TDI and kept my stop loss tight at the kijun level. image

Hidden divergence

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Hidden divergence

Yes, there was an entry signal long (circle). But price has retraced and could be going further down although MACD and TDI are showing upwards signs. Another possible entry would be the cross of the trendline. I did not take that trade at the ...

Hidden divergence

I wouldn't be surprised if the HD fail on he 4HR chart is a signal of a change of direction. The HD forming on the 1HR chart would support that argument. image

Hidden divergence

Here are the charts that I'll be watching at the start of next week. To me, they show good HD patterns forming, but it does not mean that all entry criteria will be met. Patience is the keyword. image image image

Hidden divergence

Yes, I made a comment in post #995 on that chart.

Hidden divergence

It's always worth to look at the big picture. There is a HD pattern forming on the 4 HR chart, but there is a reverse candle pattern on the daily and the weekly chart shows that price is at a major support level. Too many doubts for me even if price ...

Hidden divergence

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Hidden divergence

Missed that one. image

Hidden divergence

Looks like an opportunity. Let's wait and see. image

Hidden divergence

Here is a good example of the importance of price trendline. Better if price closes across its trendline. image

Hidden divergence

Brought my stop loss to breakeven, price is close to a support level. image

Hidden divergence

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Hidden divergence

Every one has its own way. Mine is quite standard. For entry, I follow Dany's suggestion. When I see that indicators retracement diverge from price retracement (first vertical line, preferably on a strong trend), I wait for price to cross Tanken, ...

Hidden divergence

Looks good to me for the HD pattern which is the first step. But there is much more to say about the entry and exit points.

Hidden divergence

Keeping an eye on those weekly GBP pairs. No entry signal yet. image

Hidden divergence

There you go. file

Hidden divergence

Yes, there was an entry signal on the 4HR chart. But price is hesitating at the moment. If your stop loss is at the last swing high, you either just let go or get out as the TDI crossed up (see TMS thread) with a small loss. Those things happen. On ...

Hidden divergence