Another Awesome Oscillator Divergence Opportunity, but Missed.
April 08, 2009
The Awesome Oscillator divergence occurred between 6 GMT and 8 GMT in Euro Dollar and Euro Yen pairs.
I missed both of them because I set the entries too low and the prices were never hit. For Euro Dollar, after it set the low of 1.3148 between 6 GMT and 7 GMT, I set the buy price at 1.3155 at 7 GMT with 100 pips for take-profit and stop-loss. The price went as low as 1.3168 and never looked back again.
For Euro Yen, I set the buy order at 131.10 at 8 GMT, but the price went as low as 131.15 and then reversed.
