Her is another divergence play off the 2 min. chart. This trade took a while, but was good for 10-12 pips. The market is pathetic today.
In case any of you are not sure what I mean by divergence. It's when price hits a lower peak but the MACD histogram doesn't hit a lower peak than it's last low peak (to go long). The opposite is true for a negative divergence (to go short).
JohnFX
In case any of you are not sure what I mean by divergence. It's when price hits a lower peak but the MACD histogram doesn't hit a lower peak than it's last low peak (to go long). The opposite is true for a negative divergence (to go short).
JohnFX