Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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A 2R scalp trade using my divergence analysis. Now anyone, including myself who asks you to trade divergence every time will not make money consistently. These occur a number of times across multiple time frames. Deriving rules around these divergences and back testing it, such that you get a positive expectancy is what is required to trade Divergences successfully and profitably over the long run. My set of rules for trading divergence gives me a win ratio of 70% and above for 2R trades. If you need help/advice on any of the terms mentioned here, you can contact me on Telegram.
Trade closed: target reached
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There it goes, Stop target hit for a 2R successful trade, a 4% win according to my risk management.