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One hour (h1) divergence trading

author EAcpu | 2 reads | 0 comments |
Hello everyone,

I kept looking away from the M1 chart and found the perfect setup, but there was a hitch, I had to keep staring at the chart so that I wouldn't miss my entry signals, I came to the conclusion that missed and second guessed entry points should make me a Forex millionaire, even on losing trades.

So before I can go full time and fire my boss, I want to invest more time in H1 rankings and work on quitting my day job.

This is the system

Main indicators
1 2 period SMA close to offset 2
2 2 period random high and low

Auxiliary

1 ICT The 2nd ICT Asia Branch Venue for Large and Medium-sized Enterprises
3 Market Panel Display Controller
4 P4L clock
5 Asia Pacific Bank
6 new column reminder

The aim is to detect divergences between price and indicators and ensure that price closes below the 2SMA (sell) or above the 2SMA (buy)

I compare price highs/lows to indicator highs/lows, confirm closing prices and evaluate previous highs/lows for stop loss placement/risk assessment

I like to check the FO, LO and NYO divergences; you can also check that if you trade the Tokyo Open.
For a basket of currency pairs, you are bound to find at least 2 trades in the morning and noon.

I like it once and for all so I trade at 30/30 TP/SL

If I get two signals at Fo, I can exit when pips reach 30 (+/-) or let the trade go to TP or SL

Still open to development and will keep raising the bar, I aim to be as close to zero subjectivity as possible
[AUDJPY] H1.png[EURJPY] H1.png[GBPCHF] H1.pngH1 [EURAUD].png
[AUDJPY] H1.png[EURJPY] H1.png[GBPCHF] H1.pngH1 [EURAUD].png
[AUDJPY] H1.png[EURJPY] H1.png[GBPCHF] H1.pngH1 [EURAUD].png
[AUDJPY] H1.png[EURJPY] H1.png[GBPCHF] H1.pngH1 [EURAUD].png
[AUDJPY] H1.png[EURJPY] H1.png[GBPCHF] H1.pngH1 [EURAUD].png
[AUDJPY] H1.png[EURJPY] H1.png[GBPCHF] H1.pngH1 [EURAUD].png

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