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Which is more profitable: Trend or Divergence trading?

  • #21
  • May 6, 2007 2:44pm May 6, 2007 2:44pm
Just another thread about nothing. You have the same probability calling a pullback right as you do a divergence. It's just describing the same canundrum that we all face: there is no easy way to make money with forex.
  • #22
  • May 6, 2007 5:30pm May 6, 2007 5:30pm
The best way to trade ? Divergence or Trend ???

Seems to me the best way is whatever way you makes YOU the most pips !!!
  • #23
  • Last Post: May 6, 2007 10:36pm May 6, 2007 10:36pm
Quoting SisterCurare
Picking tops and bottoms is a horrible idea, I'm not sure if anyone can do it consistently. Most times traders try to pick what they believe is a top or bottom, and then end up averaging into the position (another bad idea) when price continues in the direction it was going, to try and salvage a bad trade to begin with. I think it is simpler to assume price will continue in the direction it's going, trends are powerful things. It took me a year, but I finally stopped trying to pick tops and bottoms, and I'm doing much better now.
that depends. if you choose to pick tops and bottoms at appropriate times its not bad.

i'm trading both trend following and tops/bottoms picking. For the latter one, i'm trading eur/usd during the asian session only when the market moves up and down within small range... Plus i use SLs, not averaging method..
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