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Phil
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Postby Phil » Fri Oct 29, 2010 8:47 am

dchappy wrote: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


Indeed, sounds simple. I need to see it live on a chart over and over again.
But how do you determine which timelength to use for the lines to form? I see that the indicator does this for you but is there a rule or recommendation which length to use? All examples seem to use a lengthy timeframe, is it also possible to use in a shorter timeframe?
Cause i can see over and over again lower lows and higher higs but than again price suddenly moves even further when i demo trade them...

I need to practice and take the time like you said.
So do you consider that the sema in combination with divergence gives you a better edge ?

Thanks, Phil

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Phil
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Re: volume in play

Postby Phil » Fri Oct 29, 2010 8:53 am

mystiq68 wrote:
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,


Hi mystiq68,
Here you are. I did exit this trade close to the upper channel line.
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Postby mystiq68 » Fri Oct 29, 2010 9:17 am

Thanks Phil,....i am experimenting with BOllingerBands and MACD for divergence with volume to confirm moves...

i find bollinger band with macd2,3,2 give nice divergence signals also.

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Phil
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Postby Phil » Fri Oct 29, 2010 9:20 am

mystiq68 wrote:Thanks Phil,....i am experimenting with BOllingerBands and MACD for divergence with volume to confirm moves...

i find bollinger band with macd2,3,2 give nice divergence signals also.


Thanks mystiq68,
I do have to study divergence and will certainly have a look at BB and volume like you said.

Enjoy your day.

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Phil
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Postby Phil » Fri Oct 29, 2010 9:23 am

mystiq68 wrote:Thanks Phil,....i am experimenting with BOllingerBands and MACD for divergence with volume to confirm moves...

i find bollinger band with macd2,3,2 give nice divergence signals also.


Can you post an example how you trade? Or could you pm it when it has less to do with the Ninja thread content?

I would like to study divergence in combination with the sema and anything can help.

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Postby mystiq68 » Fri Oct 29, 2010 9:33 am

ok. no problem. i will post a chart later but...
i experiment with price falling below lower bollingerBands , to replicate a "semafore" condition- wait for Macd to rise, to replicate "divergence"

i am working on confirmations for trades with williams%r2 rising above -50,
rsi2 rising above 50 as well as cci20 crossing -100...the volume plays a part and will post my findings when complete.

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Phil
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Postby Phil » Fri Oct 29, 2010 9:36 am

mystiq68 wrote:ok. no problem. i will post a chart later but...
i experiment with price falling below lower bollingerBands , to replicate a "semafore" condition- wait for Macd to rise, to replicate "divergence"

i am working on confirmations for trades with williams%r2 rising above -50,
rsi2 rising above 50 as well as cci20 crossing -100...the volume plays a part and will post my findings when complete.


Great, looking forward to it.
Enjoy your weekend, need to run get our kids of from school.

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Postby dchappy » Sat Oct 30, 2010 12:51 am

Phil wrote:
dchappy wrote: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


Indeed, sounds simple. I need to see it live on a chart over and over again.
But how do you determine which timelength to use for the lines to form? I see that the indicator does this for you but is there a rule or recommendation which length to use? All examples seem to use a lengthy timeframe, is it also possible to use in a shorter timeframe?
Cause i can see over and over again lower lows and higher higs but than again price suddenly moves even further when i demo trade them...

I need to practice and take the time like you said.
So do you consider that the sema in combination with divergence gives you a better edge ?

Thanks, Phil



I feel the larger timeframes give better signals ..60 min or greater

congrats on your winning trades ...

dchappy
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Postby dchappy » Sat Oct 30, 2010 12:58 am

newschool wrote: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.


Trading on a 60 min chart ..and taking set-ups that are at , or near the opens of sessions ..has resulted in about 7 out of 10 winners .

Results may be higher on even longer time frames ...
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Postby mystiq68 » Sat Oct 30, 2010 8:22 am

Phil wrote:
mystiq68 wrote:ok. no problem. i will post a chart later but...
i experiment with price falling below lower bollingerBands , to replicate a "semafore" condition- wait for Macd to rise, to replicate "divergence"

i am working on confirmations for trades with williams%r2 rising above -50,
rsi2 rising above 50 as well as cci20 crossing -100...the volume plays a part and will post my findings when complete.


Great, looking forward to it.
Enjoy your weekend, need to run get our kids of from school.



i posted 3 charts for review...using ETF's instead of FOREX
ERO/GBB/JYN

...it is still a workin progress...

hth
Attachments
GBB.gif
BRCLYS iPath GBP/USD Exchange Rate ETN (gbb)
GBB.gif (26.16 KiB) Viewed 223 times
ERO.gif
BRCLYS iPath EUR/USD Exchange Rate ETN (ero)
ERO.gif (26.88 KiB) Viewed 223 times
JYN.gif
Brclys Bnk iPath JPY/USD Exch Rate ETN (JYN)
JYN.gif (26.55 KiB) Viewed 223 times

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