Forex soloist method is a simple profitable trading system. The beauty of it lies in its simplicity of using only two popular and effective indicators: EMA and RSI. We’re going to use 1H+ timeframe for this system and it can be applied to any currency pair. But it recommended to use this method on EUR/USD, GPB/USD and USD/JPY.
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Forex Soloist Method
Indentifying Divergence In Technical Analysis
When looking for divergence between price and an indicator (e.g., MACD, Stochastic, CCI, RSI) what we are looking for first is for the price to match or exceed the previous pivot high or low. It is the easiest if we examine just successive pivot point highs or lows and only two extremes at a time. The pair must include the peak or valley representing the current price action.
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Effective Trend Determination Method
Friends who are traders have often asked me how I can quickly determine a trend when looking at a chart. My answer is that I have examined tens of thousands of charts. However, one fundamental indicator I faithfully use is the Relative Strength Index (RSI). The RSI was developed by J. Welles Wilder, Jr. and presented in his 1978 book,
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