THE ICE CREAM TRADER | DIVERGENCE TRADING (PDF)

HOW TO TRADE DIVERGENCE LIKE THE ICE CREAM TRADER.  (Download link at the bottom)

What you will Learn in This Strategy

1. How I Drove Myself Crazy  
2. The Ice Cream Man 
3. The Factory 
4. Luigi and the Ice Cream Routine 
5. Divergence, by Luigi 
6. The Path to a Million Dollars 
7. How to Recover from Losses 

The hardcore trading stuff starts on page 15. (BUT I DON'T    ENCOURAGE TO SKIP TO HERE)

Divergence is ....

This is when the Charts Shows a Different market structure than the oscillator or indicator which is regarded as technical imbalance. The charts will be showing Higher Highs and the Oscillator might be showing Lower Highs to show there's a difference in the market structure as shown below.

this is EU (EURUSD) H4 Chart which shows how in the chart the market is making Higher High and the the RSI (14) is showing a Lower High which is the imbalance between the Market structure and the Oscillator which allows you to buy or sell in the direction of the trend.

Divergence is one of the old simple and proved strategy that works in any timeframe if implemented well and there are many indicators that show divergences and you can trade all of them but one of the most effective indicator will be the MACD (Moving Average Convergence Divergence ) which is slowed down (as you will learn in this strategy

As with every strategy that we post here, please please and please do practice this in a demo account and be consistent in the demo using the strategy, don't just go on the rampgae saying I now know how to trade divergence like the ice cream trader without making the actual money from trading like banks. Make sure you practice the strategy before trading your real money.

Follow this and more on our blog and other sources of information. Wishing you great success in your trading journey.

Peace Out :)

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Disclaimer:

THIS Post AND OTHER MATERIALS FROM THIS/IN THE NAME OF THIS SITE(fxstrategylife.blogspot.com) IS FOR EDUCATIONAL PURPOSE ONLY. FOREX TRADING CARRIES A HIGH LEVEL OF RISK, AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO INVEST IN FOREIGN EXCHANGE YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENTS ,OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE. THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR MONEY AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOOSE.