DislikedThis is dubble top setup for gold my target is 200MA, seems it start going down lets what happens {image}Ignored
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,486 Posts
MT4/MT5 EAs/Indicators/Alerts coder
Simple 5 Min Gold (XAUUSD) Strategy 76 replies
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XAUUSD(Gold) TradingJournal - Charts&Commentaries – by Wibie G 53 replies
Do You Trade XAUUSD (Spot Gold)? 39 replies
XAUUSD (spot gold) update 54 replies
DislikedHi, I learn this divergences and convergences for long time, my dear friend jeetvirk, you take higher risk with 'classic divergence' , maybe you already know that native behavior of 'classic divergence' is always 'counter trend' and in my personal opinion, you better use this 'classic divergence' as 'emergency valve' for your main position that follow current trend. for example of this current gold situation, we can see clearly that current trend is going north (long), so maybe better if your main position is 'long' and when 'classic divergence'...Ignored
Disliked{quote} i love trading divergences, but i think is too dangerous to trade it stand alone. I think we need some kind of filter or confirmation, but haven't found it yet. the second problem i always encountered is when to enter on a trade, in other words when the divergence is completely formed....Ignored
DislikedHi, I learn this divergences and convergences for long time, my dear friend jeetvirk, you take higher risk with 'classic divergence' , maybe you already know that native behavior of 'classic divergence' is always 'counter trend' and in my personal opinion, you better use this 'classic divergence' as 'emergency valve' for your main position that follow current trend. for example of this current gold situation, we can see clearly that current trend is going north (long), so maybe better if your main position is 'long' and when 'classic divergence'...Ignored
Disliked{quote} My Friend, with enough practice, watching your oscillator line and compare it with price action in main chart, you can 'projecting' divergences even before it show up. Also you should know 'where you are' at the moment so, you can reduce the risk if you understand 'when and where' the divergence will show up, and is it tradeable or not. Hope it help and best regard. MTHIgnored
Disliked{quote} Hello Master Kiads, nice to see you here, would you pls link your CCI divergence indicator?Ignored
DislikedHi, I learn this divergences and convergences for long time, my dear friend jeetvirk, you take higher risk with 'classic divergence' , maybe you already know that native behavior of 'classic divergence' is always 'counter trend' and in my personal opinion, you better use this 'classic divergence' as 'emergency valve' for your main position that follow current trend. for example of this current gold situation, we can see clearly that current trend is going north (long), so maybe better if your main position is 'long' and when 'classic divergence'...Ignored
Disliked{quote} Hi My Friend, I share 'her' here at page 3. if you want to use CCI option with Gold M5 like my example picture, here is my setting. Main Period = 12 Price Type = 5 Calc Type = 3 (CCI) and this is the most important setting about this divergence indicator, because different 'range' will give you different divergences position. DivergencesRange = 12. the rest is only display setting and color setting. Hope it help and best regard. MTHIgnored
Disliked{quote} thanks a lot, I am going to use it in my renko gold chart does this setting work with it?Ignored
Disliked{quote} thanks a lot, I am going to use it in my renko gold chart does this setting work with it?Ignored