How to catch simple moves in forex
Keep things simple, do not over complicate things by following too many indicators, decide on a trade plan….and follow it diligently, with no exceptions.
If the market does not give you the setup (as per your trade plan), take a break, go golfing, go swimming.
The markets will always be there, and your setups will appear.
It’s better to wait for a high probability trade to occur, than to enter the markets just because you want to trade.
Divergence is considered to be one of the few leading indicators of price, and has a high success ratio. It occurs when there is a discrepancy between the price and a technical indicator.
We can define it as the failure of the indicator to confirm the higher high or lower low of the price. This discrepancy or divergence is usually observed on the oscillator type of indicators, such as the RSI, MACD, CCI, Slow Stochastic etc.
The one thing you can learn from this post is that you must spend some time on getting a good education. In the business of trading, you are the asset, and you must invest in yourself. Shorten your learning curve, by taking advantage of other people’s experience.
Risk Disclaimer
“Trading in the Forex market is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. Nothing in this presentation is a recommendation to buy or sell currencies and FXcharles is not liable for any loss or damage.”
