isn't divergence crap the most deceiving useless crap in the technical analysis?
am i stupid or wrong:
a MACD is a difference of 2 MAs
use typical 12 26 9 as example
"some crazy ppl points a daily chart, shouting, see, divergence developed over 3 months, golden chance to short!"
feck me, man, that current MACD value is difference of recent 12 and 26 MAs. and you compare that to 3 months ago's 12 and 26 days prior MA value, and you said comparing these two values give you an edge??? heck, i don't need a backtest to convince me it is purely crap.
ok, i admit that i've seen some profitable traders using divergence. that helps my confidence really -- stupid ppl believing wrong concepts can be profitable too (by doing major things right), so i could either.
am i stupid or wrong:
a MACD is a difference of 2 MAs
use typical 12 26 9 as example
"some crazy ppl points a daily chart, shouting, see, divergence developed over 3 months, golden chance to short!"
feck me, man, that current MACD value is difference of recent 12 and 26 MAs. and you compare that to 3 months ago's 12 and 26 days prior MA value, and you said comparing these two values give you an edge??? heck, i don't need a backtest to convince me it is purely crap.
ok, i admit that i've seen some profitable traders using divergence. that helps my confidence really -- stupid ppl believing wrong concepts can be profitable too (by doing major things right), so i could either.