RSI Divergence with Bollinger Bands
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Thread: RSI Divergence with Bollinger Bands

  1. #1
    This journal is for my Divergence Trades. Trades are just EURUSD, GBPUSD, AUDUSD, 1 H. Price is creating a new high, touching upper Bollinger Band (20,2), RSI (9) is 80 or more. The next higher high of price, RSI is creating a lower highquality. This is achieved with price action (inverted hammer, BEOB, DHLC two Pip Difference).

    Entry next bar, SL High of inverted Hammer 1 Pip Distribute. 1:1 Exit first hlf, 1:2 SL1:1, 1:3 Exit rest.

  2. #2
    Fantastic focus. . .ok let's see how it goes...I'll be following your commerce coz no harm trying. .

  3. #3
    Thank you for after. The inverted hammer was very lengthy, therefore the Entry SL range large, but we wish to stay with the principles. 1:1 leave together with the first half was missed by 1 Pip, so still in with full position. Important to understand, tha the Bollinger bands are risingtill the first high, but if we reach the higher , between the second and first high, BB is spinning leadership. This showsthat momentum is slowing down. It goes back to the principles.

  4. #4
    The initial Trade this season was in GBPUSD. SL 1,5233, entry 1,5285. First half exit 1,5337, Exit second half 1,5337 (SL). Two Trades till now this season. First 1%, second still conducting...
    https://forexintuitive.com/attachmen...1082029576.doc

  5. #5
    From the Chart of the Trade first arrow isno trade, divergence but no price action, next arrow is trade, divergence again and hammer.

  6. #6

  7. #7
    SL was attained, 1,3065 for its next half.

  8. #8
    RSI reaches 80, Price creates a new high that touches upper BB, next new high after upper BB changes direction, inverted hammer therefore the rules are created, brief by the principles 1,5705, SL 1,5736.
    https://forexintuitive.com/attachmen...11933131947.01

  9. #9
    First Goal reached at 1,5673, first half closed

  10. #10
    2:1 was missed by 1 Pip. 1,5642 rather 1,5641. So SL is unchanged.

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