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Old 09-07-2006, 07:21 AM
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Shahzadfx Shahzadfx is offline
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Quote:
Originally Posted by Dan7974
I tried Divergence. I get whipsawed less frequent. But still get whipsawed a lot of times. What indicator do You recommend for Divergence? What are the settings? Thanks man.

Dan. Cheers.
Important thing is what timeframe you are using for trading. There are different indicators you can use. WCCI, RSI, Mtm and other too. Try to coordinate your trading with bigger timeframe. The true picture can only be get if we refer bigger timeframe. Smaller timeframe most of the time lies. Try to find our your setup on extreme points, like not all your setups are playable. Try to squeeze them and play them at best place like on swing high or swing low or on solid technical support and resistance. Try to keep up with news too. I don't believe on those traders who think without news technical is everything, they are lying. Try to keep up with news. Because main driving force running this forex business is fundamentals not technicals.
I hope it will help.
SFX