Today, I'm testing to trade using divergence on the currency Pair USD/JPY on a 5 minutes chart. Usually it's pretty hard to find a divergence, sometimes there's no trade for the whole day. But for today, there seems to be a few nice trades consecutively. Have made about 75 pips within about 2 hours time.And the exits seems to be quite perfect as well. Using the stochastic (20,3,3) I was able to identify the divergence up and down (consecutively).
1st, the blue bars signals a divergence up, hence I bought the USD/JPY pair and hold it until there was a divergence down and exited, hence giving me a profit of about 50 pips. Thereafter, I sold the pair and made about 25 pips before exiting and headed for bed....
Let's see what's there tomorrow....
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