How to Make 100 pips Trading Divergences.

[upshotsignals]

[upshotsignals]

[scooby-doo]

can you post some indies and an actual template which you are using? thx

[pipgirl00]

2 and 15 min Signals ?

Do you feel there is a greater chance of a loss when going with the

2 and 15 charts ? How many pips do you feel is a good return?

[fxjim]

Hi,

Nice explanation of a often misunderstood concept of divergences. Most traders scoff at divergence trading, saying that trend can continue long after a divergence has been imprinted on the charts. The key is to find a effective way to enter the trade, with a proper stop-loss in place. Often the stop-loss will be hit, but the beauty of such kind of trades, is that the risk:reward ratio is very high. So even if we get only 50% successful trades, in the long run we will be making money. I too use CCI to trade divergences intraday. But i have a different method. I wait and watch the first half an hour, and only enter a trade if a see a strong trend in place. On the 5-min chart, i wait for the indicator to make a new high, and the price to diverge. I then use similar candlestick formations to enter a trade.

Happy Trading

[pavaka]

...

Trading divergences means going against the trend...once in a while you might get lucky...