Divergence is actually a leading indicator. However on its own it'll kill you if you don't position size correctly. I'm finding it to be a very useful confirmation tool in conjunction with Fibs Pitchforks.
Nat
Hmmm Pitchforks think they need a whole new thread on their own ? Do they really work though ?
Hmmm Pitchforks think they need a whole new thread on their own ? Do they really work though ?
Yea they work fly well but not in isolation. I have no desire to start a thread on it though. If you're interested in learning them contact this guy. I learned him.
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Nice job on the USD/JPY Joe. I'm holding my yen cross shorts yesterday as well. Though at this point I don't see anything stopping the EUR dropping further. I'm going to wait until news time jitters develop to make a decision though. I did sell one GBP at 8807. 1M div/5M div. Got hammred flat by a meat tenderizer trying to get to 8850.
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