I try to learn something for my trading experience. I am currently floating 60 pips because I do not care about hidden divergence on EURJPY 10 July 2013 on M15 time frame. It was my bad day :( I trade using my Android smartphone and I cannot load my favorite indicator MACD Histogram on it.
A good way to trade a hidden divergence (SELL position) :
- Make sure there is no bullish divergence on current time frame (i.e M15)
- Price made lower high but indicator make higher high
- The price must break the trend line (see illustration above)
On the hidden divergence signal above, we can get about 60 pips securely. Place stop loss on the previous high before the trendline break.
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