How to REALLY Trade Divergences (One of My Favorite Entries)This tutorial might be short, but it is packed with potent information on how to REALLY trade divergences.
Divergences are one of the BEST ways to catch market reversals. However, from what I have seen, most people do not have a real process for determining when a divergence is actually confirmed/triggered, and then how to determine targets based on the divergence setup.
In other words, most people don't have a plan for trading divergence.
This video will give you a full plan (Setup/Trigger/Follow Through) for trading divergences.
I give full credit to Jake Bernstein, as this is a concept that I learned from him. He is one of the all time greats, and very worth your time to check out.
I hope you found this video insightful.
Have a great week.
Divergences
Thu 3rd November 2022 Daily Forex Charts : 5x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 5x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Sell, GBP/CHF Sell, GBP/USD Sell, USD/CAD Buy & USD/JPY Buy. A few of these are high risk and there is obviously some correlation here, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
Long various alt coins soonHello everyone,
I am seeing a potential buy signal on Ethereum and similar alt coins coming up soon (within the next couple of days if not now). I am a purely technical analyst. I believe all the possible news and rumors that all the traders in the world have heard and acted on are already priced in the market. So to me reading what the market is telling me is like reading ALL the news, without reading any! Though I do enjoy reading crypto news at times. Just remember the trading axiom to buy the rumor and sell the news. This was certainly the case for ADA and DOT last year!
Anyway I have offered an explanation of my system. I will not give you an analysis that suggests it can go two ways. Those kinds of analyses are pointless in my opinion. How does that help? I am telling you the market is showing at least a short term bottom, and so it is time for me to jump in.
In my previous analysis, I suggested a hard down move for bitcoin, possibly to 20k. But now that I am seeing this signal, I have changed my mind. The signals appear when they appear, and I heed them, regardless of what I speculated on prior.
That is it for now. If you have any questions, please feel free to ask.
Wishing you the best!
MILAN OSCILLATOR INDICATORThe most important signals are related to the divergence.
A recap for divergence from previous lessons:
DIVERGENCE AND HIDDEN DIVERGENCE
Positive Divergence is bullish and occurs in a downtrend when the price action prints lower lows that are not confirmed by the oscillating indicator.
Negative Divergence is bearish and occurs in an uptrend when the price action makes higher highs that are not confirmed by the oscillating indicator.
Bullish Hidden Divergence occurs during a correction in an uptrend when the oscillator makes a higher high while the price action does not as it is in a correction or consolidation phase.
Bearish Hidden Divergence occurs during a reaction in a downtrend when the oscillator makes a lower low while the price action does not as it is in a reaction or consolidation phase.
Other Signals can be crossing 0 lines or confirmation of change of bars colour.
MORNING CHART REVIEW: 8/23/21Yet another potential scallop.
Seems to be a scallop and wedge with some divergences showing up on the 1hr.
If it holds true, it could take a while to break, regardless of direction.
I did find some divergences of the bullish variety, so we will see how those play out.
I will publish this chart so you can watch it at your leisure.
MORNING CHART REVIEWS w/ a WARNING : 8/20/21This video goes over the charts we have been looking at on the streams.
We see a bunch of 1.618 fib targets got knocked out.
But we also see some warning signs of a pullback, and some of them are a bit creepy.
I end it with a moonshot chart just for funsies.
See you guys in tonight's stream, we'll go over whatever happens today and make some new charts. FUN!
LATE NIGHT REVIEWS: A Plethora of ChartsIn this video I just quickly go over all the charts we looked at in the stream today and a couple new ones.
Main takeaway is the bullish divergences on the daily chart, the high timeframe channels, and wedges, and the fun rounded-top/scallop chart.
Hope this was helpful, I just wanted to get these charts out without too many tangents or extra analysis that takes away from the charts observations.
Tomorrow we will do a stream where we look at these again, make changes, and then toss a bunch of indicators around.
Divergences Explained by a RaccoonThis video's purpose is to go over the fundamentals of divergences.
How to spot them and the effects they have.
I might make a video later on practical application and how to trade them; as well as how to combine them with other technical analysis tools and techniques.
And I should be doing a stream soon where we just spend an hour hunting divergences on different commodities; whether it's crytpo, stonks, or forex.
I hope this helps those trying to understand divergences.
Let me know if anything seems off or is confusing, I am more than happy to make another video to clarify anything that seems off or incomplete.
Thanks for watching.
HAPPY RACCON: CHART REVIEWS: 30 min, 1 day, 4 hrThis videos main focus is on the 30 min chart I am currently watching, as well as some observations on the daily chart and the 4hr timeframe.
Why am I happy? Because I can now stream, which means I can freestyle explain and analyze, and then consolidate and streamline that info from the stream into a summarized 20 min video idea.
I did 2 streams last night, there was some technical difficulties, but I did go over divergences, and today I should be getting around to making a well thought out 20 min video on divergences, and eliminating all the tangents I love so much.
Hope this video was helpful, thanks!
SALTY RACCOON: CHART REVIEW: Daily ChartWell, this video had to be re-done as well, BUT I think I covered the most important stuff... except volume profile stuff... why? Because 20 minutes isnt enough and I forgot due to the pressure, lol.
Biggest takeaway though is to keep an eye on that daily chart developing bearish divergence.
I am going to make one more video after this, it will be a Charting Out Loud video with an emphasis on Divergence Hunting and just seeing what stands out.
CHART REVIEWS: BIG BOYS: 1day, 1week, & a couple microsThis video was my attempt to go over my larger timeframe charts of the daily and weekly BTC charts.
Sadly, 20 min never feels like enough time, the pressure to cover as much as I can in a short amount of time always makes me forget stuff, but I think I covered the big stuff.
Once TV lets me stream, I will be able to go over all the details at a much more calm pace and more thorough coverage.
The weekly doesnt require a ton of coverage as changes take forever to occur, but my daily chart is looks like pure chaos without any context.
I do go over a couple small timeframe charts in the beginning, which was a mistake in the end, but I cant make another video until later today, so this will have to do for now, lol.
Thanks!
RAMBLIN' RACCOON: Chart Reviews/Charting Out LoudSorry, this video was a bit rushed, I am on a time crunch.
I basically go over a couple charts in the beginning, multiple tangents, and then at the end some charting out loud on the 2 hr timeframe.
Takeaway, we broke a falling channel, and are potentially in a large rising channel.
Will make more videos today when IRL is less busy.
Hope some of this was helpful, cya!
MORNING CHART REVIEWS: BTCThis video just goes over my old chart that became invalidated due to my own negligence.
Biggest takeaway from this video is the large descending channel, potential wedge, and potential bullish divergence.
I will make another video today if things make some big moves.
And, I will be making a video soon to go over my daily and weekly charts as they should have their own vids because there is a lot to go over.
CHART REVIEWS: 30 min, 4hr, & misc 7/31/21This video is just looking at the 30 min and 4hr charts, and then going on some random tangents towards the end.
Biggest takeaway is the 4hr chart as that has many possible boundaries that will take a significant amount of time to observe.
EDIT: I think I may have said it was the 1 hour timeframe in the video, oops!
CHART REVIEWS: BTC: 1hr, 2hr, 4hr, Daily, WeeklyThis video goes over the charts that I made earlier today, as well as the charts that failed from last night.
I go over multiple timeframes pointing out channels, wedges, fibs, divergences, clouds, MA ribbons, right-side indicators, and I forget what else.
The takeaway? I am still buliish overall because of the weekly chart as well as some stuff on the daily. Holding those 786 levels on the daily is key to keep this going.
Hope this helps!
CHART REVIEWS: All the Timeframes!I didnt have internet all day!
My ISP finally got it up and running, and so, let the ramblin' begin!
In this video I go over my div n fib charts on the 15 min, 30 min, 1 hr, 4 hr, 8 hr, Daily, and Weekly.
We basically start zoomed out on the 8hr, zoom out to the daily and weekly, and then zoom in to the 4 hr, 1 hr, 30 min, and 15 min.
Takeaway: We are watching a rising channel and wedge.
CHART REVIEWS: Fun With Divergences!I made this video because I was bored and enough stuff happened today to actually have something to talk about.
Our 1hr and 4hr charts are still valid and in play, so were just sitting and watching.
Second half of the video is playing around with divergences on the 30 minute chart and making some sill speculative predictions.
Thanks!
CHARTS! Reviews Multiple Timeframes 7/27/21This video goes over the charts I am watching on multiple timeframes.
30 min, 1hr, multi hours, daily, and multiday.
Biggest takeaway is the 30 min wedge and the 1 hr rising channel that I am watching as well as the fibs and divergences.
Note: I did not do any volume profile stuff, nor did I go over any of my side-panel indicators. Maybe later...
Thanks!
CHARTING OUT LOUD: BTC morning of 7/26/21This is a bit of chart review and charting out loud.
I go over the current 30 min chart and modify it live, and then we take a look at higher time frames and review the 1 day chart at the end.
I will publish a new smaller TF chart later today as we get more pullbacks and climbs and have more data to better draw out boundaries.