atlus1432
Long

Looking for a breakout LONG - my own technique

FX:GBPCAD   British Pound/Canadian Dollar
28 0 1
Similar to a traditional "cup and handle" but with a twist and very specific rules. Combined with some GREAT tools provided by fellow traders (programmers) it is my personal favorite setup. The RSI divergence in the 2nd panel below is arguably the BEST oscillator for divergence analysis I have seen in my 18 years of trading. You can see it worked perfectly (short trade in RED) back around the 21st-22nd of December.
Squeeze Indicator is also a GREAT confirming tool although it lags a bit and reading exhaustive divergences is much more difficult relative to the RSI Divergence indicator in the 2nd panel - in fact - its not ideally designed for that (divergences)

* note - SLIDE THE INDIVIDUAL PANELS UP AND DOWN for better analysis - this platform is fantastic for that ability (feature)

risk management, position sizing and probability - always the trump cards regardless of how good a setup looks !
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