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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 ...
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 ...
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- divergence2.gif (42.59 KiB) Viewed 3214 times
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 ...
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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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
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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- macd_Divergence.ex4
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volume in play
Phil wrote:profitable entry...
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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