I fault myself for missing one of these: otherwise I had a banner day (260 pips)
I will try to do better in the future.
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I will try to do better in the future.
Divergence and hidden Divergence 122 replies
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Divergence approach 1 reply
DislikedI'm bemused that so many people think this sh*t works. Divergence with its fancy name is an example of when your indicator fails, nothing else.Ignored
DislikedI'm bemused that so many people think this sh*t works. Divergence with its fancy name is an example of when your indicator fails, nothing else.Ignored
DislikedDivergence with its fancy name is an example of when your indicator fails, nothing else.Ignored
Disliked{quote} Actually I beg to differ.. You can use divergence from your price chart without indicators....Ignored
DislikedIf you can measure divergence with the chart only you understood (perhaps unconsciously) that divergence measures an acceleration and appears when the velocity and the acceleration have opposite sign. +1Still nobody answered my yet simple question
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DislikedI'm bemused that so many people think this sh*t works. Divergence with its fancy name is an example of when your indicator fails, nothing else.Ignored
DislikedI fault myself for missing one of these: otherwise I had a banner day (260 pips){image}{image}{image}{image}{image}{image}{image} I will try to do better in the future.Ignored
Disliked{quote} Funny self-contradicting argument. You say that divergence is bad because it appears when the indicators fail. If you were right, divergence would be great since it would indicate when to distrust the indi. Unfortunately divergence measures something else. I love it when people criticize tools they don't know how they work, based on no tangible facts. Almost as funny as people who make extensive use of tools they don't know how they work, based on no tangible facts. {quote} If you can measure divergence with the chart only you understood...Ignored
Disliked{quote} Can you explain to me your argument from this perspective...? Divergence without the indicator.. +1 if you can.. cunt if you C*n'tIgnored
Disliked{quote} As I said in my previous post it is extremely difficult to "know" or even suspect price exhaustion from a technical point of view. The ideal would be to be privy to the order board but that is not available either....and I suspect that is what HFT accomplishes with its super computers. I use volume candles. Candles that show an equal number of contracts traded per bar. While this is not perfect it does help. The concept being that if a volume bar is bullish or bearish (given the same volume per bar), the order flow would also be bullish...Ignored
Disliked"You say that divergence is bad because it appears when the indicators fail" Wrong. I do not "say" that. I say (or wrote for the literate people) that divergence is just an example of whatever indicator you're using failing (or lagging). Your conjecture is assuming that conventional indicators provide reliable entry signals (or "work" as you put it),... which they don't. {quote}Ignored
DislikedBecause indis are local estimators they can't differentiate a local extrema from a global extrema. Thats' why I never considered an indicator to be a signal provider. An indi is only here to asses a piece of the estimation of the market condition. An indi usually doesn't give you a YES/NO. It gives you a NO/MAYBE. The MAYBE may or may not trigger a trading decision. This decision will be taken based on other indis, like a higher TF or the fundamentals (which are fallible as well).Ignored
DislikedIf you can measure divergence with the chart only you understood (perhaps unconsciously) that divergence measures an acceleration and appears when the velocity and the acceleration have opposite sign.Ignored
DislikedHi, I use two divergence indicators per chart. One for the buyers and one for the sellers. I don't think you can just have one and expect it to be accurate. Find where strong supp/res is , large option expiries, BRN, ect ect .Add good money management and a decent average R:R Ratio. Cheers.........ECOIgnored