Divergence trading - page 3
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Looking for divergence as price approaches support/resistance, pivots, fib levels, is a sound strategy
I like double or triple pivot divergence at these levels.
Safer going with the trend.
If the trend is strong, look for a pullback to SR level, check Stoch for overbought/oversold and place the trade with tight stop. Then trail stop.
My opinion may not always be yours!
Alf
I like double or triple pivot divergence at these levels. Safer going with the trend. Alf
Yep - the best divergences show three moves and are retracements. I find retracements don't diverge as much on current TF, you have to go to shorter TF to see it.
Yep - the best divergences show three moves and are retracements. I find retracements don't diverge as much on current TF, you have to go to shorter TF to see it.
It sounds like our trading is very similar, do you want to visit my free trading room? https://www.mql5.com/en/forum/trading_systems