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5 Min Gold (XAUUSD) Divergence Strategy

  • #61
  • May 15, 2014 6:22am May 15, 2014 6:22am
Quoting rozeweb
{quote} Hi Verve , I think divergence works well on EU GU with 15 Min timeframe and higher. You can test it on 5 Min and tell us
thanks. I prefer m15 so will use and test that from now
  • #62
  • May 15, 2014 6:28am May 15, 2014 6:28am
So on m15 it looks like EU divergence
But i would like to suggest waiting for a bar to close over top ma.. then we know perhaps that low was legitimate

the yellow band ma i use is :
5 simple ma, typical, shift 2, high and
5 simple ma, typical, shift 2, low

Target? SL? will test to see what is suitable, and report back asap

In image 1- new low, 2- macd is showing divergence (not a new low on macd) 3- await close over 5sma
bon chance
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  • #63
  • May 15, 2014 7:43am May 15, 2014 7:43am
EURJPY long - divergence and close over 5sma
EURUSD - same drill
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  • #64
  • May 15, 2014 8:08am May 15, 2014 8:08am
Hi Traders if you find any double top before some time of the News, then it can be very profitable.. As now double top formed and after 10 pips profit sl move to BE ,, and leave . Look at image

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  • #65
  • May 15, 2014 9:23am May 15, 2014 9:23am
Quoting rozeweb
Hi Traders if you find any double top before some time of the News, then it can be very profitable.. As now double top formed and after 10 pips profit sl move to BE ,, and leave . Look at image {image}
Quality! nice trade
I saw that with xau but didnt take it!!! i thought the slope on macd wasnt good enough

ill monitor a few majors on m15..
NZDUSD could have a long setup, waiting for close over 5sma high
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  • #66
  • May 15, 2014 9:48am May 15, 2014 9:48am
Quoting Kiads
{quote} Hi My Friend Scalper.exp and My Friend Rozeweb Sorry for my English. Scalper.exp as this thread is great and closely related with your request by PM to me.., so i ask permission to our friend Rozeweb to post your request indicator here. Maybe it's not perfect to show you divergence and maybe too many setting involve ..lol. also i combine in one divergence indicator the option to select base oscillators, the default is calc type :4 - MACD with 5.21.3 for daily chart but of course you can use 'her' with LTF too. another base oscillators selection...
Hai kiads,Thankyou for your great work , I wil check her soon, you are proving master once agian , for note'i am friend of you friend selva' he only introduced me to your renko thread, after reading it I have become adict to renko, while combining renko with divergence , its like most dangerous weapon in my hand to hunt down pips. Please continiue ur great contribution thanks, god bless you
  • #67
  • May 15, 2014 10:23am May 15, 2014 10:23am
Hi Guys

I am going to throw the "cat amongst the pigeons" !

I am starting a new thread called "TIMING IS EVERYTHING"

I am classing it as a "trading system". Why? Because a system consists of rules and tried and true setups which apply to ANY trading pair you want to concentrate on

"TIMING IS EVERYTHING" guys it really is - "TIMING IS EVERYTHING" I will keep repeating it until it is indelibly printed into our brains!!!

Follow my new thread. I will be starting it at 6.00pm GMT

Regards

Jerry
  • #68
  • May 15, 2014 11:05am May 15, 2014 11:05am
Quoting jmtini
I am starting a new thread called "TIMING IS EVERYTHING" I will keep repeating it until it is indelibly printed into our brains!!! Regards Jerry
Good luck with that, ill definitely stop by.

Can we consider this a divergence with XAU m5 - potential double bottom.
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  • #69
  • May 15, 2014 11:15am May 15, 2014 11:15am
Quoting Verve
{quote} Good luck with that, ill definitely stop by. Can we consider this a divergence with XAU m5 - potential double bottom. {image}
No its not double bottom...

one pip difference to consider a Double top or double bottom.
  • #70
  • May 15, 2014 11:26am May 15, 2014 11:26am
Quoting Verve
{quote} Good luck with that, ill definitely stop by. Can we consider this a divergence with XAU m5 - potential double bottom. {image}
Hi Verve

Thanks for that.



I would be careful on going long XAUUSD. Circled in yellow was short entry. Possible new short entry yellow arrow (around 19750)
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  • #71
  • May 15, 2014 11:36am May 15, 2014 11:36am
Quoting Verve
{quote} Good luck with that, ill definitely stop by. Can we consider this a divergence with XAU m5 - potential double bottom. {image}
hai verve,

for your kind knowledge,

the way you marked the trend line is wrong, please try to connect two lows, if you see wick in candle that will be a low for that candle

happy trading
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  • #72
  • May 15, 2014 11:41am May 15, 2014 11:41am
thank you all.. okay so must be precise. AUDUSD m15 has a long im in
  • #73
  • May 15, 2014 11:55am May 15, 2014 11:55am
Quoting Verve
thank you all.. okay so must be precise. AUDUSD m15 has a long im in
Can you post AUDUSD 15M chart . How you find a long entry ?
  • #74
  • May 15, 2014 12:15pm May 15, 2014 12:15pm
Quoting rozeweb
{quote} Can you post AUDUSD 15M chart . How you find a long entry ?
Ignore the order sitting above current price, i went long on a diff acc
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  • #75
  • May 15, 2014 12:20pm May 15, 2014 12:20pm
Quoting jmtini
starting a new thread called "TIMING IS EVERYTHING" Follow my new thread. I will be starting it at 6.00pm GMT Regards Jerry
Please send a link, cannot find 'timing is everything' thread
  • #76
  • May 15, 2014 12:30pm May 15, 2014 12:30pm
Quoting Kiads
{quote} this is example picture of 'her' and if you want to use 2 instances of 'her' in one chart, don't forget to give 'her' different ID. {file}
The best indy ive seen in 8 years trading, amazing work!!

Could you tell me what you mean by changing different ID, so if i have 10 charts on one instance of mt4, should i save and rename multiple indicators?
  • #77
  • May 15, 2014 12:31pm May 15, 2014 12:31pm
okay how about this one... XAUUSD long m5
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  • #78
  • May 15, 2014 2:10pm May 15, 2014 2:10pm
Quoting Verve
{quote} The best indy ive seen in 8 years trading, amazing work!! Could you tell me what you mean by changing different ID, so if i have 10 charts on one instance of mt4, should i save and rename multiple indicators?
Hi My Friend Verve,

In one chart, if you want to add 2 of this indicator, you should set different input to MyID parameter, so 'she' will create 'her' own triangle objects ID, for example if you want to set first indicator with MACD Oscillator and 2nd indi with RSI then they will show their own 'divergence' triangles in main chart. (maybe you should change the triangle colors too, so you will know which divergence triangles came from which oscillators).

Hope it help and best regard.
MTH
  • #79
  • May 15, 2014 2:36pm May 15, 2014 2:36pm
Quoting Kiads
{quote} Hi My Friend Verve, In one chart, if you want to add 2 of this indicator, you should set different input to MyID parameter, so 'she' will create 'her' own triangle objects ID, for example if you want to set first indicator with MACD Oscillator and 2nd indi with RSI then they will show their own 'divergence' triangles in main chart. (maybe you should change the triangle colors too, so you will know which divergence triangles came from which oscillators). Hope it help and best regard. MTH
You should wait for candle to close. There is no clear low in candles. Shadow candle is very good example for divergence.
  • #80
  • May 15, 2014 2:37pm May 15, 2014 2:37pm
[quote=Kiads;7472119]{quote} for example if you want to set first indicator with MACD Oscillator and 2nd indi with RSI then they will show their own 'divergence' triangles in main chart. /quote]

Super, makes sense now.. so much testing to do good thing its winter in my hemisphere, i can shut the hatches and get to work. I will give feedback asap, thank you for posting your indy, its really something else. PS First thing i was looking for regarding confirmation, as im not sure when the arrow will paint and say 'buy' or 'sell' so id wait for price to move 'x' atr 100 beyond bar, and then exit after 10 or so bars. Ill test a variety of options but even just going with the arrow looks good. Its just incredible how the indy draws triangles and hh, ll, its simply unbelievable. I dare to see what it will do when i place it with a chart i have which has data for over 10 years on h1 bars..

Also i agree, lower tf could be choppy and of course lead to zombie trading. H1 and H4 looks to be a winner. Thanks again, you rock!
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