Likica, I took a similar trade on the AJ and bagged 40 pips.
I've been testing some divergence indicators and have found a rather good RSI divergence indicator called "Divergence Petr 1" The indicator places a yellow dot at every low and a red dot at every high. Then, when there is a divergence, it draws the line in. It also draws in high channels and low channels, allowing for channel crossover trades.
I've found that when there is a divergence detected, you wait for the cross of the 50 level and then enter there. I used the method on my AJ trade shown in the picture below. I'll also add the indicator so you can take it for a spin if you want.
Moonie.
I've been testing some divergence indicators and have found a rather good RSI divergence indicator called "Divergence Petr 1" The indicator places a yellow dot at every low and a red dot at every high. Then, when there is a divergence, it draws the line in. It also draws in high channels and low channels, allowing for channel crossover trades.
I've found that when there is a divergence detected, you wait for the cross of the 50 level and then enter there. I used the method on my AJ trade shown in the picture below. I'll also add the indicator so you can take it for a spin if you want.
Moonie.
Attached File(s)
Disliked{quote} here come the man with mega bag. Congrats and welcome back to man land
. And here come a cute bag of mine
(other pairs are too overbought to do anything for me on M30
) {image}
Ignored