uptrend. Victoria Victoria, Mahe, Seychelles). Here are some rules that can guide anyone that wants to trade divergence using the divergence forex strategy. Please drop any questions you may have and I will answer them. Do you follow all the divergence signals that come from the indicator? Reply With", 11:17 AM #8, do you use other indicators for confirmation and or as a filter? I'm also a fan of divergence strategies, but usually I don't use RSI to detect divergences, I just used another stochastic indicators, so I think your strategy is looking new. The divergence forex strategy incorporates both the bearish and bullish situations (as stated above) in its function as a single unit. make sure THE condition IS right: The divergence forex strategy is not meant for just any market condition.
Oh I see, we cannot trade one strategy continually even when it is obvious that we are not making head way with it, I am happy that you understood that it was not working and immediately did something about it, there are many people that. Usually I take divergence signal only near support / resistance. With a line, starting from the current high, draw backward to connect to the previous high. From the lines, there should be a slop that is either ascending or descending.
Divergence forex strategy, trader s tools
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Divergence forex strategy is based on classical bullish and bearish divergence. If the bump is significant, then connect it like two swing highs or lows as the case may. A bullish divergence is a situation where new price bottoms of a security are getting lower, and at the same time, there is a rise as shown by the technical indicator in use, indicating weakness in the downtrend. connect THE successive tops AND bottom. Compare your indicator to the price action, and connect the two highs or lows on the indicator as the case may be, just like you did on the chart. Reply With", 08:33 AM #6, ehis, candlestick pattern is not good then this actually, i am the person who traded here for a long term on scalping, almost 6-7 month used scalping with candlestick pattern but still get loss, so i quit from candlestick pattern. The line must be a straight one, and if there is any bump, just ignore it, so long as it is not a major one.