How useful is Divergence?

Podcast:

#378: How useful is Divergence?

In this video:
00:25 – Most indicators do not work
00:52 – Trader who joined in 2012 appreciates how good Divergence can be
01:45 – How I use Divergence
02:21 – The 2 types of Divergence
03:05 – My favourite type of Divergence
04:48 – What are we looking for?

Divergence. Is it really a useful tool as a Forex Trader or is it a gimmick? Let’s talk about that more right now.

Hi, Forex traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 378.

Most indicators do not work

Now I want to talk about a really, really special type of indicator. Now as you probably know, I’m not a fan of almost all indicators. I use horizontal levels, but I’m not a fan of different moving averages and things like that. And all the indicators that the Forex brokers constantly throw at you with most platforms that you can get, there’s hundreds and hundreds of different indicators that you can find.