Hope is [a] bogus emotion that only costs you money. - PETER LYNCH
Developing the "Holy Grail" Trading System 4 replies
The Pimpster's Simple system, not the holy grail, but darn close 25 replies
Holy grail trading system wanted, or nearest thing to it! 43 replies
Holy Grail? (Why most people think that this is a system?) 6 replies
DislikedRSI is good indicator but not good enough to trade divergences profitable. As i said, there is only 2 indicators good for divergences.Ignored
DislikedThere is NO indicator. Note MT4 is not being used here. The "Indicator is simply a "Line" chart under a candle stick chart. Very clever ipsula. And clever use of divergence too. unusual, but clever. Even an OLD fart trader like me can learn new tricks. {image}Ignored
Disliked{quote} are you sure?? as you see, I am not drawing divergences with high or low prices, but only CLOSE prices in my graphics!!!! by the way, you have only 1 divergence on your chart... {image}Ignored
DislikedThere is NO indicator. Note MT4 is not being used here. The "Indicator is simply a "Line" chart under a candle stick chart. Very clever ipsula. And clever use of divergence too. unusual, but clever. Even an OLD fart trader like me can learn new tricks. {image}Ignored
Disliked{quote} I dont want to teach you. Its just simply wrong that you say that no other than 2 indicators work for divergence. If you say this, then you have not used those others thouroughly. Just because you cannot drive a certain car does not make this car useless. Just use google and you will find plenty of blogs with real time pictures of trades using e.g. RSI divergence. I hope you know what I mean.Ignored
Disliked{quote} RSI like MACD is good only for SHOWING divergences....in practice they are useless... Ok... lets do in such way - if you show me here 5 ONLINE profitable entries with divergence on RSI, I will give you my grail.Ignored
Disliked{quote} I dont want your "grail". I dont have time to do that tbh. I am fine with my style. I dont need to show it because everybody that can use google can find those traders. My point is not that you are not successful, you may be. My point is that this is not the ONLY divergence indicator. Even if you succeed, others may fail even with your indicator. In the end, its always the traders. Its not what you use, its how you use it. So others focused in RSI, MACD, Stoch just because they were available, they tried and succeeded. So yeah, the beauty...Ignored
Dislikedipsula, you will have to understand that you will be attacked here all the time as you just came in to show off yourself. Every forum where people come in to show off themselves and not willing to share what they use are always attacked, so is the case here as well.Ignored