Gold Futures example of divergent trades

    Posted by matt on 2nd of May 2013 at 10:19 am

    here's my 4 tick GC (gold futures chart), two examples of divergence trades (reverse and regular divergence) and two MACD Kiss trade

    trades are entered on the reversal bars (ones with the tail wicks)

    examples of the futures charts we trade  - this charting style has gotta be the cleanest charts I've ever seen, I wish I could plot individual stocks with these, but can't get a good data feed to supply enough data

    I am tending not to

    Posted by limitless on 2nd of May 2013 at 11:41 am

    I am tending not to agree with the Reverse Divergence as the price and macd have BOTH made higher highs.

    Please correct me if i am wrong. thanks.

    correct - I drew that

    Posted by matt on 2nd of May 2013 at 11:53 am

    correct - I drew that one incorrecly, not sure why, maybe I was distracted that is not reverse divergence

    however one thing I want to point out is that I look at peaks and valley's WAY back, not just the previous one, but yes this one was labeled incorrectly, sorry for the confusion.  Otherwise trades I look for are the divergence trades and MACD kiss trades and others I have not listed

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