Rags To Riches V2

GREETINGS TO ALL OF MY FELLOW TRADERS ALL OVER THE WORLD

Rags To Riches was inspired by a trader who didn’t have much money but turned a small account into a large account in a matter of months and after he made a certain amount of money he completely disappeared and deleted the thread and was never seen on Kreslik again.

A little over 4 years ago I had just blown an 8K account and was completely in oblivion but was determined to figure this trading thing out because I really love the idea of trading. I stumbled across Bilal and his trading journal and he based all of his trades off of Divergence on the 1min time frame when he first started the thread and after a few days of reading his post a light bulb went off in my head and I understood the market, but the main issue with a lot traders is money management and that is the main issue I’ve been laser focused on, it’s demoralizing getting 17 trades in a row then blowing your account on one trade.

Follow me on my journey from having Rags to having Riches and hopefully while I’m on my journey others decide to start their journey as well. I will also be documenting most of my journey live on KICK Mon-Fri from 9:30am EST to 12:00pm EST starting consistently next trading week. If you’re not familiar with Divergence familiarize yourself with it because the market is not making any major moves without it.

There are a lot of traders on FF lying about trades and acting like they’re making money when they are not, this won’t be that kind of journey, won’t be just the good but it will also be the ugly side of trading.

(FOLLOW ME ON KICK)

https://kick.com/ad-scalps

OPPORTUNITY!!!!!!

In a bullish divergence: Price makes lower lows, but RSI makes higher lows — suggesting momentum is weakening to the downside and a reversal might be near.

In a bearish divergence: Price makes higher highs, but RSI makes lower highs — indicating upside momentum is fading, so a pullback or reversal could occur.

Divergence can be exploited on any chart timeframe or pair, on the 1min time frame you’re seeing it constantly because without it the market is not going to make any reversals or real moves in price.

Example:1min Time Frame = Bullish Divergence

I’m still setting some stuff up with my stream so next week Monday@9:30am EST I will be live on (KICK) https://kick.com/ad-scalps

Keep it up. I'll try to be on stream

Keep an eye out for the reversal, this is bullish divergence

Now just imagine how many times a day this happens on the 1min time frame, you can exploit and trade the pattern every single time besides when (NEWS)
drops. I have traded this same pattern over and over and over since 2021, trust the process.

I have been trading so long I maxed out at $60 a pip and was trading multiple lots a day, you want to limit your exposure to the market get in and out, I'm a pure scalper so I'm only looking for 3 pips and I'm on to the next trade/pair. Consistently do the same thing and be sure to use a stop loss and you will see the gains; MONEY MANAGEMENT IS KEY!

There is no telling where this will stop, people like to create all kinds of fictional levels that don't really exist, I don't know the true percentage but the ALGORITHM does the same things over and over again and I just know by statistics that I can load up and have an extremely high chance of getting the trade right.

I really love trading, next week is going to be fun, live trades is something I have never done before so it's really going to show that trading divergence is the best way to make entries.

Top of the trading day!!! I'll be posting more on divergence a little later, I work overnights, so I have to get to bed but if any of you decide to trade try to focus on money management

My chart set up

The market is in a downtrend (i.e., lower highs / lower lows happening) so the bias is bearish

You then spot that price makes a lower high (LH) — meaning the most recent swing high is lower than the prior swing high.

At the same time, the oscillator (say Relative Strength Index (RSI), MACD, etc) makes a higher high (HH) — which is opposite to what price is doing.

That mismatch (price lower high + indicator higher high) = hidden bearish divergence.

Because it’s hidden, the expected implication is trend continuation (i.e., the downtrend should keep going) rather than a reversal.

This is a perfect example of why I scalp the market; we have Regular Divergence at the low of the day, the algorithm does what it is programmed to do, and it goes up 25 pips. Now an inexperienced trader using Divergence for an entry would make the trade thinking the market is going to fully turn and it just goes back down to make another possible low. Get your pips and go because the market can show divergence for an entire day before it turns which means keeps making lower lows and higher lows just to go up and go back down to make another lower low.