A divergence between price and an oscillator can give you a clue that price is about to change direction but you need to have additional entry criteria as taking every divergence signal will get you killed.
@ ipsula: I guess you are not going to talk about the other entry triggers you use ?
You say that you use 20 pips on every single currency pair ? That is odd since 20 pips in JPY/GBP is something completely different than in NZD/USD.
Do you have a predefined stop for every trade ?
You can have a 80-95% win rate and still los money if the relationship between risk and reward isn't correct.
@ ipsula: I guess you are not going to talk about the other entry triggers you use ?
You say that you use 20 pips on every single currency pair ? That is odd since 20 pips in JPY/GBP is something completely different than in NZD/USD.
Do you have a predefined stop for every trade ?
You can have a 80-95% win rate and still los money if the relationship between risk and reward isn't correct.