You can usually expect a narrow range day following a strong trend and wide range day like yesterday. In this type of market, divergences at the narrow range extremes become common and creates some high probability fades.
Charles
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I traded the 9:45 divergence.... I hope you caught this one too
ReplyDeleteI saw it but did not trade that one. I usually wait until after 1000 ET to trade. In the past eight years, the majority of my losses have occurred between 0930 and 1000 ET, so I shy away from that time frame.
ReplyDeleteCharles