Hello,
I have a question regarding the amount of pips that should be expected from regular divergence when spotted on a Daily chart. Let’s assume that I get in the trade soon after the trend reverses.
What is the average amount of pip movement that can be expected from daily chart regular divergence?
I seem to be going for too many pips (around 200 pips) and when i get the trade in my direction, my new trailing stop (maybe of about 50-75 pips) stops me out with only 30-100 pips profit instead of the peak of my trade around 150 pips.
Anyone have experience with this?
Thanks in advance.