I have been testing out fib retracements and trading using divergence and have been hitting about 50% wins/loss which i think could be good with a 2.1 rr or better. The one thing i'm stuck on though is where to place stop and target to achieve this? In this example trade below where would you place your stop? i always fear that the divergence may kick back and stop me out as there is no concrete signal as such with this system, just divergence.
- Joined Aug 2010 | Status: Chaos is a ladder | 1,268 Posts
"To hold, you must first open your hand. Let go." - Lao Tzu