On my previous post I've written about how to trade using FXSniper Ergodic CCI by utilizing the crossover only. Like many other oscillator, FXSniper Ergodic CCI can also be used to detect divergences. And the safer divergence is hidden divergence. When price make higher high but the the indicator makes lower high and opposite. This method still use the cross over as the trade signal. The divergence will add more confident to our trade.
Rule:
- Hidden divergence occur and confirmed with the Ergodic indicator crossover
If we can make thing simpler why should we make it complicated? Its not necessary to put many fancy indicators on your chart. Use only you need and you believe. I am sure that each indicator has success and failed rate. If we can manage both failed and success, then you will be a winner.
Keep in mind that even we spot divergence but there is no guarantee that the price will move to our trade directions. So, stop loss is required and it's a wise thing to do. Always protect your account using stop loss. Forget about HOPE MODE.
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