I have used a variety of indicators over the last few months, been deciding which to use for divergence.
At the moment I'm using:
1)8 lwma on 1hr, 15 min and 5 min. In addition 21 lwma on 15 min chart as a trend guide. If you have good angle and separation and enter on good candles in direction of trend that's not a bad general idea to follow.
2)CCI 14 on all time frames for divergence. This is for 2b trades and 5 min higher lows/lower highs that follow the divergence.
3)I have added a market profile indicator that gives the highest volume area for each day. They offer surprisingly good support and resistance areas.
The strategy using 5 min hl/lh's and 2b's remains the same.
All the world's a stage and we are merely players. Discipline is the bridge between goals and accomplishment.
Thursday, March 31, 2011
Forexrazor
Ralph Shell the man behind the forexrazor COT analysis (see usefull links) has been extremely ill recently. I pray for his speedy recovery and that he can get back on his feet soon.
Best wishes.
Best wishes.
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