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  #11 (permalink)  
Old 06-05-2008, 11:31 AM
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Quote:
Originally Posted by BarryPips View Post
From the BabyPips School section on Divergences (hidden):

A hidden divergence is used as a possible sign for a trend continuation.

If price is making a higher low (HL), but the oscillator is making a lower low (LL), this is considered hidden bullish divergence.

Your chart shows a price with a higher low, and the indicator with a lower low. The above item from the School says that should be a continuation.

Now you have a dilemma: The divergence calls for a continuation of the trend, which was bearish on your chart. However they call it a "bullish divergence," which here might indicate a trend change (hence you went long).

Since you have contradictory information, it's probably best to stay out of the trade.

Just my pip and a half,
Barry

Unfortunately your pip and a half is wrong. Re read the lesson in bpips school
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  #12 (permalink)  
Old 06-05-2008, 01:07 PM
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Default This is what I saw in BabyPips School
Here is the page where they introduce the hidden divergence:

Hidden Divergence | College: Trading Divergences | Learn Forex Trading

Also their summary pages (in the School divergences section) they talk about it as being used (this hidden divergence) during a pullback in an uptrend. That was on this page: Divergence Cheat Sheet | College: Trading Divergences | Learn Forex Trading


I am not happy with the original author's uptrend for the divergence (hidden) to be a continuance.

I am now down to one pip

Barry
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  #13 (permalink)  
Old 06-05-2008, 01:33 PM
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I was planning on using 3 lots, 2 lots to take profit at the last s / r level and 1 lot to take profit at the next S/R level. But then I realize I'm limiting my potential while using a pretty big stop-loss.

So I'll test it with a 50-60 pip trailing stop. Had I used that the last news would've left me with a profit still instead of murdering me. I could then use the signal multiple times as long as I get in near a S/R level.
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  #14 (permalink)  
Old 06-05-2008, 08:33 PM
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Quote:
Originally Posted by BarryPips View Post
Here is the page where they introduce the hidden divergence:

Hidden Divergence | College: Trading Divergences | Learn Forex Trading

Also their summary pages (in the School divergences section) they talk about it as being used (this hidden divergence) during a pullback in an uptrend. That was on this page: Divergence Cheat Sheet | College: Trading Divergences | Learn Forex Trading


I am not happy with the original author's uptrend for the divergence (hidden) to be a continuance.

I am now down to one pip

Barry
Sorry Barry, didnt mean to be obtuse but the hidden divergence suggests continuation in the new direction ie long (not short) in the thread example you were referring to. The original traders interpretation of going long was correct
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  #15 (permalink)  
Old 06-06-2008, 09:38 AM
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Jumped back in when I saw the bottom peak forming with a trailing stop loss of 55 pips, made back what I lost, should've had a trailing stop loss to begin with since I was up more than 55 pips before the Tuesday news. Maybe it will limit profit in some cases but it sure beats my lower, safer take profits points. Sometimes also it may benefit me with a new entry point if the signal is still valid while giving me a few pips profit.

On the EURJPY there was a divergence yesterday morning, set a tp on a lot and a trailing stop on the other. Made 100 pips with the take profit lot and am now up 340 pips with the other lot, got at least 285 safe there as well.
Last edited by Ceci N'est Pas Une Pip; 06-06-2008 at 09:41 AM.
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Old 06-06-2008, 05:28 PM
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Send a message via Yahoo to cadarkitek Send a message via Skype™ to cadarkitek
Default Divergence on Oil Chart
Over 1000 pips from Divergence on oil Today.
Unlike other entries on other charts I was 100% sure this would go up today. There was also Convergence at C (fib. .50 & .382 coincide @ Trendline). Engulfing Bullish candle at support(3) was key also.
See Pic below.
Attached Images
File Type: jpg oil.jpg (48.3 KB, 15 views)
Last edited by cadarkitek; 06-06-2008 at 05:34 PM.
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  #17 (permalink)  
Old 06-06-2008, 05:46 PM
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Quote:
Originally Posted by cadarkitek View Post
Over 1000 pips from Divergence on oil Today.
Unlike other entries on other charts I was 100% sure this would go up today. There was also Convergence at C (fib. .50 & .382 coincide @ Trendline). Engulfing Bullish candle at support(3) was key also.
See Pic below.
Oh.. well... Thanks alot cadarkitek (sarcastic). I will remember you next time I fill up.
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  #18 (permalink)  
Old 06-06-2008, 06:10 PM
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Quote:
Originally Posted by cadarkitek View Post
Over 1000 pips from Divergence on oil Today.
Unlike other entries on other charts I was 100% sure this would go up today. There was also Convergence at C (fib. .50 & .382 coincide @ Trendline). Engulfing Bullish candle at support(3) was key also.
See Pic below.
Nice, what broker are you using if you don't mind me asking?
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  #19 (permalink)  
Old 06-06-2008, 06:28 PM
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Originally Posted by Ceci N'est Pas Une Pip View Post
Nice, what broker are you using if you don't mind me asking?
ODL
ODL Securities - Forex(FX), CFD, Futures and Equities & Options Trading
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  #20 (permalink)  
Old 06-08-2008, 09:10 PM
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Has your experience been good with them? Are they NDD and ECN?
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