September 30, 2011

Use our Divergence Trading Method to increase your odds of success

Divergence Day Trading Method:
Uses multiple timeframes and our divergence indicators to find the highest percentage trades.
Multiple timeframes:  I use my slower timeframes to find the most important price levels/locations.
Divergence Indicator:  used on multiple timeframes, and when the signal fires we know to look closely for a high percentage trade.
The keys to success with this method:
–          Look for divergence ONLY at the major levels of support and resistance.  Look for signals at the extremes, and NOT in the middles.
–          Always use a price pattern to enter the trade when you see the divergence
–          Always use your entry rules
–          There are two types of divergence, minor and major, we want to stay patient for the MAJOR divergence.
–          Slower timeframes are more powerful
o   Example:  13range Divergence is  not as strong as a 89range divergence
What session do we use?  12am start/12am stop (24 hour chart) I do not use Gap Charts
Hotkey Trend Channel Tool = ctrl +2

    schooloftrade

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