10 Sep 2010
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60MT - DIVERGENCE - HOW TO USE?
60MT - DIVERGENCE - HOW TO USE?
Solution
Divergences are usually good for 15 to 20 points.
If the lines CONVERGE (come together) on a double bottom then it is a BUY.
If the lines DIVERGE (growing apart) on a double top then it is a SELL
..
To learn about trading divergences take the free live demo at
http://www.tradersinternational.com
or do a search on Google.
It is not our system but we show you indicators that work for free instead of paying up to $5000.
Basically you look for a divergence between higher highs or lower lows of the market and an indicator as below.
Todays first RSI divergence
Article Details
Article ID:
24
Created On:
08 Nov 2005 07:04 AM
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