Hey Traders,
(I would like to make this post an educational one)
How many of you trade and pay attention to Bullish & Bearish Divergence shown by the indicators? There are many indicators that can show us the exhaustion of the moves. The oscillators such as RSI, Stochastic and CCI are probably the commonly used by many. As for the Momentum indicators, I believe the MACD and OSMA are the popular ones.
I was just discussing this AUDCHF charts with my Inner Circle group. The H4 charts below was showing bullish divergence on multiple occasions. Each time moving up 20-50pips before falling back and probably taking out your stop loss (or at least close your trades at break even only)
If you diligently take your profits, these few trades could easily have given you over +100pips of profits.
What if you have Harmonic Patterns in your trading arsenal too? You would have been able to spot the Bullish Butterfly completing with the Bullish divergence. This easily gave a 250pip move.
I have said that you do not need to throw away all the earlier TA methods that you have learnt in the past, Harmonic Patterns are great to add on to what you already know. Put them all together to find better entries and exits. The profits will come looking for you !!!
Come for my next sharing Seminar on the 17th Jan (7pm). I will introduce to you what Harmonic Pattern Trading is all about and how it can help you in your trading. It has been good tome for the past 5-6 years, I don't see why it can't help you too.
RSVP via this link : CLICK HERE to register.
Cheers everyone. This is what AUDCHF is showing us now. Maintaining our patience before we pull the trigger.
Don't forget to register for my sharing session : (17th Jan 7pm)
RSVP via this link : CLICK HERE to register