Hi Everybody,
I talked about using more “standard” technical analysis, like oscillator divergence a few days again,. So I would like to share another great example on the 3min YM form yesterday.
Here we can see how the YM made a reversal at DP resistance, but the important point is how this was also on very clear Stochastic divergence. This nailed the high for you, just before a nice fall.
With +3.4R Profit (ignoring slippage and commission) available at the opposing DP target, this was a nice trade, and shows how the MTP tools (DP) can be used in conjunction with more standard analysis techniques, like oscillator divergence.
Thanks, Steve,
I talked about using more “standard” technical analysis, like oscillator divergence a few days again,. So I would like to share another great example on the 3min YM form yesterday.
Here we can see how the YM made a reversal at DP resistance, but the important point is how this was also on very clear Stochastic divergence. This nailed the high for you, just before a nice fall.
With +3.4R Profit (ignoring slippage and commission) available at the opposing DP target, this was a nice trade, and shows how the MTP tools (DP) can be used in conjunction with more standard analysis techniques, like oscillator divergence.
Thanks, Steve,
