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chamane replied Jun 9, 2016I brought my stop loss to breakeven when price reached half my risk. Unfortunately I got stopped out too soon. I did not want to take chances because there was a strong resistance level not far behind.
TMS for M30 charts
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chamane replied Jun 9, 2016Hidden divergence developing on two timeframes for AUDUSD. The weekly chart shows a trend reversal and the 4 HR chart a trend continuation. The trigger signal hasn't been met yet. image
Hidden divergence
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chamane replied Jun 8, 2016I made a few pips only. I usually bring my stop loss level to breakeven after price reaches half the risk. In this case, price didn't go far and I got stopped out with a small gain. As we can see, the reason might be that the trend is reversing wich ...
TMS for M30 charts
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chamane replied Jun 8, 2016This looks like a reversal after a regular divergence, and a higher low with a HD pattern. I prefer when the trend is already established, but I will keep an eye on this one. A possible entry above the cloud. Another sign for long entries on smaller ...
Hidden divergence
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chamane replied Jun 8, 2016Here is an opportunity for scalpers. A 5 pip spread is too much for me at this TF. image
Hidden divergence
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chamane replied Jun 8, 2016Hi, There has been nice moves in price even in a decreasing volatility period (see circles in the picture) before. In the case of USDCAD, we are still in a steady downtrend. If we get an entry signal short, I am in. image
TMS for M30 charts
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chamane replied Jun 8, 2016Just missed the entry by not much. A few minutes late. image
Hidden divergence
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chamane replied Jun 8, 2016Bringing the stop loss to breakeven as profit is around half the risk. I have been kindly warned by Kmw (#post 582) of major news coming up for NZD. Otherwise, I am aming at least a RR 1:1. image
Hidden divergence
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chamane replied Jun 7, 2016Here are some pairs where a hidden divergence setup is forming. Entries upon as many confluence signs as possible. image
Hidden divergence
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chamane replied Jun 7, 2016I went short AUDNZD mainly because of that evening star pattern but also because price is just coming out of the Cloud and there is a clear down trend on the daily timeframe. If price goes down to half my risk, I will bring my stop loss to ...
Hidden divergence
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chamane replied Jun 7, 2016I jumped in. All my criteria are not met, but there is a nice evening star candle pattern. image
Hidden divergence
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chamane replied Jun 7, 2016This looks like a good entry, but the long wick is nowhere between Fib levels and the spread I get is 14 pips. I will pass. image
Hidden divergence
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chamane replied Jun 7, 2016Hi, I prefer when there is no noise between peaks or bottoms. When there are some like in your example, I switch to a higher timeframe (see picture) where I usually get a clear pattern. image Have a look at Elder's definition of divergence (link ...
Hidden divergence
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chamane replied Jun 6, 2016Got stopped out with a small loss. Price went as far as the risk, but the spread triggered my entry too late and reteruned against me. That's why I prefer trading 4HR TF up. If I ever trade 15 min again, I won't go with pairs having over 3 pip ...
Hidden divergence