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chamane replied Sep 26, 2016Lokks like price movement is slowing down. I decided to cash in for a 45 pip gain. image
Hidden divergence
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chamane replied Sep 26, 2016I know. I had a tight stop loss at the beginnng and now I am at around RR 1:1. I could cash in, but I prefer bringing my stop loss to breakeven and see if I can make a few more pips. image
Hidden divergence
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chamane replied Sep 25, 2016An instrument to watch closely. If price ever crosses the trendline on the 4hr chart. image
Hidden divergence
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chamane replied Sep 25, 2016And also there could be some gaps at the start of the week. I wouldn't enter a trade if price starts at the other side of a trendline with a gap.
Hidden divergence
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chamane replied Sep 25, 2016Could be heading down also with a descending triangle on the daily chart. image
Hidden divergence
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chamane replied Sep 25, 2016An interesting pair to watch. A shooting star on the 4HR TF and price crossed the trendline down on the daily chart. image
Hidden divergence
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chamane replied Sep 24, 2016Not sure about this one. Price is at a major resistance level on the weekly chart even if it just bounced on an up trendline and crossed Tenkan. image
Hidden divergence
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chamane replied Sep 23, 2016Here is a good example of what I meant in my last post. Price crosses Tenkan and trendline on the 1hr timeframe, there is no regular divergence in the opposite direction before entering and there is a clear trend in the same direction on the higher ...
Hidden divergence
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chamane replied Sep 22, 2016Hi Dany and koukou, I like higher timeframes like 4 hr because it is less noisy and it gives me more time to do something else, my occupations allow me to look at price every 4 hr. I have become much more patient with the method wich I still think ...
Hidden divergence
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chamane replied Sep 2, 2016Hi, I've become reluctant for trades showing a regular divergence for the reverse direction (red lines). Also, the daily chart shows a hidden divergence sign forming upwards. But let's wait and see. image
Hidden divergence
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chamane replied Aug 12, 2016You can do it that way. As I mentioned earlier, when I see a hidden divergence pattern, I look at the 2 higher timeframes to see if it goes in the direction of the trend. Here is an example: image I entered at 9:00 EDT when price closed above ...
Hidden divergence
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chamane replied Aug 12, 2016I often look at currency strength before entering a trade. The 2 strongest pairs against the 2 weakest.
Hidden divergence
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chamane replied Aug 12, 2016For me, 14 pips. It is too many at the timeframe I trade. I look at the chart to follow currency behaviours. Right now, GBP and USD are the weakest pairs and AUD, NZD, JPY the strongest ones. Also, I check for highly correlated pairs with lower ...
Hidden divergence
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chamane replied Aug 12, 2016Watching closely the Aussie. Might bounce on the trendline. image
Hidden divergence
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chamane replied Aug 11, 2016Works well. I haven't found that many opportunities lately though. I am now more patient and wait for clear patterns such as those in the pic below. I only trade the 4 hr wich gives around 3-5 trades a week. When I find one, I look at higher ...
Hidden divergence