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dchappy
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Postby dchappy » Fri Oct 22, 2010 11:24 am

A few divergence trade opportunities ...
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flinux
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Postby flinux » Fri Oct 22, 2010 11:42 am

Nice :)

Why are you preferring MACD Divergence instead of CCI+Heiken Ashi+Range bars?
So faith, hope, love remain, these three; but the greatest of these is love. - 1 Corinthians 13:13

dchappy
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Postby dchappy » Fri Oct 22, 2010 11:22 pm

Hi Flinux : I really have no preference .

To be honest I am trying to teach my son to trade , and he had trouble seeing the cci method .

So we began using this divergence method and he has caught on quickly .

I guess it proves that we all see things a little differently .

I'm finding that divergence is a very powerful edge with the longer time frames .

Between work and family I have less time to trade and a M30 or H1 chart gives me 2-4 trades per week , which is a good fit right now .

Btw ..the trade this a.m. gave about 50 pips ...

Good Trading to you ... :D
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Phil
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Postby Phil » Mon Oct 25, 2010 6:06 am

Entry...
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Phil
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Postby Phil » Mon Oct 25, 2010 6:12 am

dchappy wrote:Hi Flinux : I really have no preference .

To be honest I am trying to teach my son to trade , and he had trouble seeing the cci method .

So we began using this divergence method and he has caught on quickly .

I guess it proves that we all see things a little differently .

I'm finding that divergence is a very powerful edge with the longer time frames .

Between work and family I have less time to trade and a M30 or H1 chart gives me 2-4 trades per week , which is a good fit right now .

Btw ..the trade this a.m. gave about 50 pips ...

Good Trading to you ... :D


Great to hear you teach your son!
I like to do that one day when they are some older,I think 8 and 3 is still a little bit to young. Besides that, it gives me some more time to learn it myself :)
For me, I don´ t really understand ´how´ to draw the divergence lines. Can it be applied on each high/low and on each indicator? Or is the MACD the best to be used for the divergence signals. As I understand you´ve got two different divergences, negative and positive. I also read about hidden divergence. Is this yet another type?
Which type is the strongest? Perhaps i´m asking dumb questions but I want to know!
Regards, Phil

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Postby dchappy » Thu Oct 28, 2010 12:48 am

hehe..there are no dumb questions Phil , we all learn from each other ..

Divergence is very simple , don't let the terms confuse you .

When price makes a higher high ..and the oscilator makes a lower high ..
That is bearish divergence ( sell signal )

When price makes a lower low ..and the oscilator makes a higher low ..
That is bullish divergence ( buy signal )

( hidden or reverse divergence usually occurs in a trend direction rather than a reversal ..but don't even worry about that yet ..learn the regular divergences first )

This indy will draw the divergences for you and help you to see them ..go slow ..take time to let it sink in
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newschool
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Postby newschool » Thu Oct 28, 2010 4:26 am

dchappy, could you provide your results with the MACD divergence method (in term of % profit of real account). I always broke-even when trading this in the past.

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Phil
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Postby Phil » Thu Oct 28, 2010 7:35 am

Entered short.
Enabled the TS of 12 pips, allready in the profit.

Lets see how far we come.


Chappy, thank you for the explanation. I will study them when i´ve got more time later on.

Enjoy your day!
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Phil
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Postby Phil » Fri Oct 29, 2010 8:40 am

profitable entry...
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mystiq68
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volume in play

Postby mystiq68 » Fri Oct 29, 2010 8:44 am

Phil wrote:profitable entry...
:idea:

Phil, is it possible to post the chart with volume....would love to see how volume plays a part in divergence.

Thanks,

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