On the previous post showing monthly divergence. Does that carry much weight?
Divergence and hidden Divergence 122 replies
Cable, MACD + RSI Divergence Wassssssup? 10 replies
Divergence trading 10 replies
Newbie Guide to understand Divergence. 3 replies
Trading Divergence 23 replies
DislikedYou can see many regular divergences in a trend. The trend is broken only once. I prefer to miss one trade (if I have nothing else strong enough).Ignored
DislikedIf you find the dominant monthly cycle, a divergence coupled with a soon due cycle low is a very strong indication.Ignored
DislikedHere is my divergence trade today GBP/USD... Good only for about 30 pips since price was coming down quick today... Long trade comes at 1.9481 and goes until 1,9514 that is time the price goes from oversold to overbought on stoch and there is divergence on MACDIgnored
DislikedThis is too extreme for me, i would trade something like that even if this time was okay.Ignored
DislikedHere's an example of with-trend reverse divergence on Cable. You need confirmation before you enter. In this case, yellow CCI crossing zero and price crossing MA.Ignored
Disliked1hr chart, 50/14 CCI, displaced MA.
When you're taking divergence against the major trend, look for price action confirmation first. If it's a triple, even if you're wrong, there's usually enough move to get out scratch or with some profit.Ignored