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Showing posts from June, 2009

RSI Divergence Again...

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Absolutely crushed this one. Knocked it out of the park. Perfect RSI divergence set up off the daily chart 38.2% fib. Couldn't be any happier the way this trade worked out.

RSI Divergence Is Back...

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This market has been a real bear with tight ranges and volatility that borders on insane some times. It's these times when it's good to be familiar with more than one solid setup. I've used this in the past. It's the RSI divergence set up on the 5m chart. The trick is to use this only at S/R levels from the higher time frames(daily, 4-hr and 60m). It can provide a nice tight entry with limited risk. If you look, you'll find several setups across the major pairs every day.

AUD/USD Asian Session Trade

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Nice AUD/USD trade to start the day. Same formula as usual.