.sold audusd at .69980 stop .70059
put stop because it is 2 am here and i am only up because my dog wanted / needed to answer a nature's call. am going back to bed now. i am not a great fan of stops if i am at the computer.
you seem to have a complicated view of trading.....i have the simplest possible: something i have spent a great deal of money and time to cultivate.
If you want to know just how simple it is, you can see my journal 'rewind back 15 years.'
patterns are not necessary....only the trend...
yes i think i saw John Bollinger outside NYSE with a begging bowl.
There was a pro one of the insiders on CBOT who for 25 years, traded only ma crossovers.Go figure that out!
This is trading, not rocket science
my experience of rsi which is reinforced recently is it is totally useless.
All that divergence means is that the move which made a new high/low was made on less strength / momentum.
This hardly tells us anything of any use but only that the move will continue but at a slower rate