Divergence is a popular tool used by traders to find high probability trade setups. Divergence is simply a disagreement between the price movement and the indicator movement. For example, if the price action is moving up while the indicator is moving down, it is a divergence. Similarly, if the indicator is moving up and the… Continue reading How To Trade Divergences Using Stochastics?
Category: Stochastics
Stochastics Indicator If Used Properly Can Be Highly Profitable!
You must learn how to use Stochastics in your forex trading. Many traders use it incorrectly. It is a very good indicator that if used properly can be highly profitable. Stochastics is based on two plot %K and %D. %K is the fast moving plot while %D is the slow moving plot. K is calculated… Continue reading Stochastics Indicator If Used Properly Can Be Highly Profitable!