Ultimate Divergence Trading Examples | Forex
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Divergence trading is an extremely powerful trading tool that can give traders an objective defined edge that will greatly increase the probability of successful trading and consistent profits in the Forex market. In the ForexMentor Daily Trade Plan we take divergence trading to deeper level by peeling back and examining the layers of this trend changing reversal phenomenon. We have taken a great strategy and made it even better by incorporating support and resistance, price structure, as well as elements of the Elliott Wave Principle to form the DTP Divergence Strategy. In this 17 minute complimentary video I will walk you through the analysis process that I perform daily when looking for divergence trade setups for the Daily Trade Plan members. To get the full detail, please visit: www.forexmentor.com/dailytradeplan
Comments
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n your video on the pound there is another divergence you missed foretelling a rise into the strong rally.....doh homer
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hi, what simulator are you using?
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ive found that spotting any type of divergence coupled with finding a trader vics 2b pattern is very powerful.
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merci
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Please consider doing a vid on 'hidden divergence." Thank you!
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what will be the parameter? for divergence
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Thanks for your kind words. Happy Trading!
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Thank you John I would love to hear your ideas to improve the overall service!
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While I love what you are doing and the whole idea of the daily plan there are some improvements I would suggest, but overall it is a great service for the money and it has paid for itself in trades. I will email you directly with some suggestions I have for improving some things.
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I have found your trade plan service very informative and using your daily analysis along with my own strategy has helped me capture a ton of pips! I never paid much attention to elliot waves and divergence in the past. I managed to get that entire move on the eur/usd showed here and the one showed on the usdchf on the site at same time. Don't listen to the people who only want signals or are naturally combative, they wont be around long anyway. You are doing a great great job keep it up!
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Hi, Thanks for your comment The idea here was to show the best examples over the recent month to show different types of ways divergence patterns can present themselves, and how we approach them in the DTP. I showed examples of setups we would trade as well as setups we would not trade. The EURUSD trade example shown was a recent swing trade example and was from the week of Aug 26th that was shown live in the DTP service. The week of the 26th was one week prior to the recording of this video.
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It would have been great to see a recent example instead of cherry picking a date from Aug 8.
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I was disappointed that you didn't show the examples on the chart, throughout the program.