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HH/LL Failure Extreme BBands Divergence


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152 replies to this topic

#1 ghbdr

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Posted 07 February 2018 - 08:00 AM

*
POPULAR

Some of you have PM me about not getting consitent results with the HH/Failure approach so I decided to start a new thread with a stricter version of the div/failure approach. I want to help you guys to be profitable. With this strategy there are few opportunities every day but if you apply with hard discipline the rules you will count the losses by few I can assure you. Its a simple strategy good for newbies and few analysis is needed. Just follow rules and dont take trades without them. I will only post images about trades that accomplish the rules. I will keep the other thread open for discuss a more open approach of failure/div.

 

RULES:

 

- Div in CCI with both spikes on extreme ob/os levels (180-180)

 

-Nice retracement on the divergence at least minimum retracement to middle BBands but better from top to bottom of bands and viceversa

 

-Nice reversal strong candle coming from bands even opening outside the bands

 

EXTRA CONFIRMATION (optional for safer trades):

 

-Vdi volume decrase in the divergence

 

- HH/LL Failure (Jimtang Alert) on reversal candle (alert candle) coming from bands (touch) or outside

 

 

If all rules are met open trade for 30 min expiration

 

Indicators and template:

 

Attached File  #jrcMOD_Fractals.ex4   15.34KB   388 downloads   Attached File  BK Woodie.ex4   18.64KB   358 downloads    Attached File  HHLL Alert.ex4   15.69KB   384 downloads

 

Attached File  VDI.mq4   3KB   409 downloads    Attached File  HHLL Failure Bband Div.tpl   8.91KB   358 downloads

 

Examples:

 

Attached File  2018-02-07.png   458.51KB   69 downloads    Attached File  2018-02-07 (1).png   472.27KB   28 downloads 

 

Attached File  2018-02-07 (2).png   463.27KB   13 downloads    Attached File  2018-02-07 (3).png   456.68KB   20 downloads

 

 

    

 

 

 

 

 


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#2 s3791

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Posted 07 February 2018 - 08:03 AM

Thanks for all your effort in helping people


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#3 ghbdr

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Posted 07 February 2018 - 08:09 AM

Trade right now

 

Attached File  2018-02-07 (4).png   447.19KB   35 downloads



#4 samson

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Posted 07 February 2018 - 08:13 AM

can cci divergence be coded into an indi?

coz we can get routine cci divergence on the internet but i cant find one that specify both spike to be ob/os (>180 or <-180)



#5 samson

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Posted 07 February 2018 - 08:19 AM

all are good forex trades including the latest one, usdchf starts to drop now


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#6 ghbdr

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Posted 07 February 2018 - 08:32 AM

all are good forex trades including the latest one, usdchf starts to drop now

It can be use in Forex too with nice results. Just patience is needed to wait the setup



#7 ghbdr

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Posted 07 February 2018 - 09:47 AM

Another one I just took on Eur/Usd and I finish my sesion for today

 

Attached File  2018-02-07 (6).png   462.02KB   21 downloads



#8 J1mm

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Posted 07 February 2018 - 10:07 AM

Really interesting, when I started to test your previous strategy I was trading this kind of setups, retracement in CCI, less volume and divergence. I want to use this mainly for Forex, most difficult part I think would be knowing when to place TP as sometimes you catch really nice momentum but not always.

I will give it a try and give you feedback, do you recomend pairs?


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#9 lalcal

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Posted 07 February 2018 - 10:16 AM

Hey, nice strategy!! Sorry I did not post in other thread because I cannot get good results, I suposse it was my fault for use it in 1 minute timeframe and not follow rules, but now I understand your news improves, thanks!!!
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#10 ghbdr

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Posted 07 February 2018 - 10:39 AM

Really interesting, when I started to test your previous strategy I was trading this kind of setups, retracement in CCI, less volume and divergence. I want to use this mainly for Forex, most difficult part I think would be knowing when to place TP as sometimes you catch really nice momentum but not always.

I will give it a try and give you feedback, do you recomend pairs?

You can use any Major pair. If You apply the approach in forex look for div in doble bottoms and floors or strong s/d zones and TP after div in strong sr is confirmed and price crosses 20 sma (bollinger middle band)
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#11 KabayanZz

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Posted 07 February 2018 - 02:29 PM

wow...this is more powerful then before i think...

 

so the confirmation candle still candle where is the CCI cross lvl 100/-100 or only cross lvl 180/-180 and outside or touch lower/high BB?


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"Trade Well...Not Often"


#12 J1mm

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Posted 07 February 2018 - 02:33 PM

Not best trade, but price doesn't move too much at these hours...

Attached Files

  • Attached File  HHLL.JPG   117.7KB   11 downloads


#13 ghbdr

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Posted 07 February 2018 - 04:51 PM

wow...this is more powerful then before i think...

 

so the confirmation candle still candle where is the CCI cross lvl 100/-100 or only cross lvl 180/-180 and outside or touch lower/high BB?

 

wow...this is more powerful then before i think...

 

so the confirmation candle still candle where is the CCI cross lvl 100/-100 or only cross lvl 180/-180 and outside or touch lower/high BB?

If the level is strong you can trade after reversal candle open outside bands with HH/LL failure and CCI 180/-180



#14 ghbdr

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Posted 07 February 2018 - 04:55 PM

Not best trade, but price doesn't move too much at these hours...

I wouldnt take that trade. Not enough retracement in price and CCI not in OS condition 



#15 ghbdr

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Posted 08 February 2018 - 04:55 AM

Today first trade

 

Attached File  2018-02-08 (1).png   436.93KB   15 downloads


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#16 Barracuda

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Posted 08 February 2018 - 05:20 AM

Today first trade

 

attachicon.gif2018-02-08 (1).png

Hello ghbdr,

 

many thank´s for all your effort.

My question is, are you alway sitting in front of your PC and waiting for the right setting ??

Or do you have an alert ?



#17 Momentum

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Posted 08 February 2018 - 05:54 AM

Thank you for the new thread and your continued input.

 

Took this trade on AU, which was ITM.  Any input on this trade?

 

Thanks in advance!

 

 

Attached Files

  • Attached File  HHLL.jpg   86.01KB   8 downloads

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#18 ghbdr

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Posted 08 February 2018 - 06:40 AM

Hello ghbdr,

 

many thank´s for all your effort.

My question is, are you alway sitting in front of your PC and waiting for the right setting ??

Or do you have an alert ?

I check charts regulary but not sitted all the time. Jimtang alert works for me so when is displayed I start my analysis. If I see price is close to make a double bottom/top or important level I watch closely



#19 ghbdr

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Posted 08 February 2018 - 07:50 AM

Thank you for the new thread and your continued input.

 

Took this trade on AU, which was ITM.  Any input on this trade?

 

Thanks in advance!

Its a nice continuation trade. Not following exact rules as we trade reversals in extreme OB/OS status but the trade is correct as a hidden div continuation trade taking advantage of OS status



#20 ghbdr

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Posted 08 February 2018 - 07:54 AM

Tight win. I should wait for price to retarce back to Bbands

 

Attached File  2018-02-08 (2).png   438.87KB   11 downloads


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