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5 Min Gold (XAUUSD) Divergence Strategy

  • #141
  • May 22, 2014 7:43am May 22, 2014 7:43am
Hi everyone

Hope people don't mind me mentioning that I've completely ditched the MACD indi. OK for the occasional divergence signal but not reliable or useful enough for me. I'm now using TDI red green - wonderful indi - also isolates overbought/oversold areas and pullback entry points. Very useful indeed. All IMHO of course.

Rgds

Jerry
  • #142
  • May 22, 2014 7:50am May 22, 2014 7:50am
Sometimes, previous divergences will show you 'future' Support/Resistance areas..

and 'just for gold' static round numbers horizontal lines help to confirm those S/R.

Attached Image (click to enlarge)
Click to Enlarge Name: Divergence - Indicator example for Gold H1 previous div showing future Support-Resistance areas.gif Size: 139 KB


Hope it help and best regard
MTH
  • #143
  • May 22, 2014 8:27am May 22, 2014 8:27am
Quoting jmtini
Hi everyone Hope people don't mind me mentioning that I've completely ditched the MACD indi. OK for the occasional divergence signal but not reliable or useful enough for me. I'm now using TDI red green - wonderful indi - also isolates overbought/oversold areas and pullback entry points. Very useful indeed. All IMHO of course. Rgds Jerry
My Friend, inside calculation of Trend Dynamic Index is RSI with MA on array and Standard Deviation formula, so 'her' oscillating result will be similar with MACD. all of this indis base on 'averaging' the price movement.

this is the example, when in 1st subwindow i put BB to my MACD Divergence, and in 2nd subwindow TDI that set same period with MACD, you will see that generally the oscillating moment is just similar.

Attached Image (click to enlarge)
Click to Enlarge Name: Divergence - MACD and TDI comparison.gif Size: 153 KB


Hope it help and best regard.
MTH
  • #144
  • May 22, 2014 8:27am May 22, 2014 8:27am
Quoting Kiads
Sometimes, previous divergences will show you 'future' Support/Resistance areas.. and 'just for gold' static round numbers horizontal lines help to confirm those S/R. {image} Hope it help and best regard MTH
Hi Kiads, nice idea, but that would be like a whole other strategy, will look into it.
For the moment ive been interested in the buy/ sell signals from your mth indicator but only for those in agreement with the trend. I use 50 ema over 100 ema for trend direction.

Ive used TDI, its not bad, i guess i tried and gave up on it, round and round we go.
It repaints is one issue i had. Also exit strategy needs to be carefully considered.
Its a nice clean indicator and when you find the right attributes im sure it will work.
Im sure you'v seen the thread by ellfranz, best of luck!
  • #145
  • May 22, 2014 8:40am May 22, 2014 8:40am
Quoting Verve
{quote} Hi Kiads, nice idea, but that would be like a whole other strategy, will look into it. For the moment ive been interested in the buy/ sell signals from your mth indicator but only for those in agreement with the trend. I use 50 ema over 100 ema for trend direction.
Hi, My Friend, when you use Moving Average, it will always depend on your TF choice. for example if you use M5, then 48 ema (4 hours) and 96 ema (8 hours) will be more make sense and also not so different with 50 and 100 ema.
and yes i already read Big E thread in general.

best regard.
MTH
  • #146
  • May 22, 2014 10:24am May 22, 2014 10:24am
Todays gold trade, entred price above S/R, 200EMA and with the trend entred after signal came on red line make 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm54.png Size: 41 KB
  • #147
  • May 22, 2014 11:17am May 22, 2014 11:17am
Quoting jeetvirk
Todays gold trade, entered price above S/R, 200EMA and with the trend entered after signal came on red line made 40 pips. {image}
Nice!!! that was the quickest fifty bucks you ever made
And that was with the m5 trend, ofcourse higher time frames are mixed. I dont have as many green arrows on the mt4 version, i may use both for confirmation
  • #148
  • May 22, 2014 1:34pm May 22, 2014 1:34pm
gbpusd m15 long macd divergence
eurusd about to follow suit, with a triple bottom
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
  • #149
  • May 23, 2014 3:06am May 23, 2014 3:06am
nice thread y'all. Please keep it going, lots of things to learn here for me (just a month into live trading). but then i saw this setup, what do you guys think, Am i on point yet?
Attached Image (click to enlarge)
Click to Enlarge Name: hidden bullish divergence.jpg Size: 382 KB
Turning Potentials into Realities
  • #150
  • May 23, 2014 3:11am May 23, 2014 3:11am
Quoting dansunny-fx
nice thread y'all. Please keep it going, lots of things to learn here for me (just a month into live trading). but then i saw this setup, what do you guys think, Am i on point yet? {image}
I am still trying it out on a demo account though
Turning Potentials into Realities
  • #151
  • May 23, 2014 3:15am May 23, 2014 3:15am
Quoting dansunny-fx
nice thread y'all. Please keep it going, lots of things to learn here for me (just a month into live trading). but then i saw this setup, what do you guys think, Am i on point yet? {image}
It is Hidden Divergence and correct. But you can't ignore resistance ahead.
  • #152
  • May 23, 2014 4:27am May 23, 2014 4:27am
Quoting dansunny-fx
nice thread y'all. Please keep it going, lots of things to learn here for me (just a month into live trading). but then i saw this setup, what do you guys think, Am i on point yet? {image}

Attached Image (click to enlarge)
Click to Enlarge Name: Divergence - Multi Div example.gif Size: 267 KB


Multi divergences in 'wider' range

MTH
  • #153
  • May 23, 2014 5:45am May 23, 2014 5:45am
Quoting Kiads
{quote} {image} Multi divergences in 'wider' range MTH
impressive
I Think ROSEWEB's thought on the resisitance is brilliant too. So i'm on the look out for a clear break below .80838 b4 shorting.
Turning Potentials into Realities
  • #154
  • May 23, 2014 9:04am May 23, 2014 9:04am
Guys

Over the weekend I will be launching my new journal detailing all trades (with charts) made with my new one minute chart trading system.

It's going a bomb - 100 pips in 2 days so far.

Anyone who wants the system (you will HAVE to post any trades entered with it on my journal) just PM me


Regards to all

Jerry
  • #155
  • May 24, 2014 9:58am May 24, 2014 9:58am
So far this M5 Divergence has been working for me, so I'm solely trading XAU M5 Div, sometime I go as far as M1 to look for these divergences, so taking them from M1 up to h4 which ever time frame prints, trading along price action

I use TDI because its the trading strategy that I started FX with, so continuing the same path

I also try to use Money Management as powerful tool to enhance on overall gain, total pips gained for Friday on Gold +73 pips

This is one of the trades I opened and gained +40 pips

Heres the M1 Divergence , I saw that XAU was pressuring down, so watch closely on M1 if a divergence print, and took that
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_M1.jpg Size: 475 KB
I Have Learned to Take Some Losses to Make Profits
  • #156
  • May 24, 2014 10:05am May 24, 2014 10:05am
Quoting TheScorpS
So far this M5 Divergence has been working for me, so I'm solely trading XAU M5 Div, sometime I go as far as M1 to look for these divergences, so taking them from M1 up to h4 which ever time frame prints, trading along price action I use TDI because its the trading strategy that I started FX with, so continuing the same path I also try to use Money Management as powerful tool to enhance on overall gain, total pips gained for Friday on Gold +73 pips This is one of the trades I opened and gained +40 pips Heres the M1 Divergence , I saw that XAU was...
Great

I can see CCI is work more better than this indicator on higher time frames with other currency pairs. I don't have experience with TDI . May be it also work well .
  • #157
  • May 27, 2014 9:32am May 27, 2014 9:32am
hello fellow traders,
I've got eyes on this pair recently, and its really showing some promise.
still observing it though
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-trendline break.jpg Size: 339 KB
Turning Potentials into Realities
  • #158
  • May 28, 2014 8:34am May 28, 2014 8:34am
Nice Gold Divergence 25 Pips saved

Attached Image (click to enlarge)
Click to Enlarge Name: Gold.jpg Size: 162 KB
  • #159
  • May 28, 2014 9:20am May 28, 2014 9:20am
Quoting rozeweb
Nice Gold Divergence 25 Pips saved {image}
why you include CCI14 ???
Also, what is the indicator you use ART?could you please explain about it?
thanks
  • #160
  • Edited 9:41am May 28, 2014 9:28am | Edited 9:41am
My gold trade.. out with 10 pips. This is not a best entry, should have entered at 200 ema with the divergence... lesson learned..
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm55.png Size: 53 KB
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