The biggest lie about divergence in trading | Page 6 | Forex Factory

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The biggest lie about divergence in trading

  • #101
  • May 21, 2016 1:56am May 21, 2016 1:56am
Quoting dami32
Ill tell you guys a secret Ive learned from trading forex for 11 years that keeps me winning. its HIDDEN DIVERGENCE!! I'd say its an 80-90% win ratio.
So true. It hardly ever fails, especially with a slanting middle Bollinger Band.

I don't know why it is called "Hidden" divergence when it is so plain to see. I think a better term is "Reverse Divergence."
  • #102
  • May 21, 2016 2:52am May 21, 2016 2:52am
Quoting GnWFx
{quote} So true. It hardly ever fails, especially with a slanting middle Bollinger Band. I don't know why it is called "Hidden" divergence when it is so plain to see. I think a better term is "Reverse Divergence."

Quoting cat
{quote} Funny isn't it how some people react in this way just because you post analysis, opinions and charts, and then having issued their rebukes, they go and do exactly the same thing themselves. No pleasing some people I guess.

"Divergence" ("hidden" or not) - like everything else in Technical Analysis - is just another case of Pareidolia
  • #103
  • May 21, 2016 4:18am May 21, 2016 4:18am
Quoting Mingary
{quote} {quote} "Divergence" ("hidden" or not) - like everything else in Technical Analysis - is just another case of Pareidolia
Well, well. I had to look up this term "Pareidolia." The dictionary says it means: "the perception of a recognizable image or meaningful pattern where none exists or is intended, as the perception of a face in the surface of the moon."

Incidentally, divergences are one of the easier things to incorporate into an EA. If a computer also says it sees the same pattern that a trained human eye does, then, of course, this is not a case of pareidolia. The utility of the pattern is besides the point.
  • #104
  • May 21, 2016 6:23am May 21, 2016 6:23am
Quoting Mingary
{quote} {quote} "Divergence" ("hidden" or not) - like everything else in Technical Analysis - is just another case of Pareidolia
I guess Nial Fuller must suffer from a severe case of pareidolia. It's something you should aspire to .

http://www.learntotradethemarket.com...ng-competition
  • #105
  • May 21, 2016 6:41am May 21, 2016 6:41am
Quoting jen101
{quote} I guess Nial Fuller must suffer from a severe case of pareidolia. It's something you should aspire to . http://www.learntotradethemarket.com...ng-competition
Most likely not true. Just check the source of this "news"

There is no edge in patterns - none - Zero
For every one of those patterns that worked out there are dozens that don't and are simply ignored by the pattern finder enthusiasts.
  • #106
  • May 21, 2016 7:16am May 21, 2016 7:16am
Because Divergences are Art.
Divergences are only valid after the market went really up/down , and to find a major turning point on the market , and then , you need to wait for price to break the 20 SMA to have a valid signal. And most of the time , you will lose the trade , and need ~ 1:5 RR to make money on the long run.
If you like 1:1 and 1:2 RR trades you should use Renko to identify small divergences moves .
  • #107
  • May 21, 2016 9:06am May 21, 2016 9:06am
Quoting Mingary
{quote} Most likely not true. Just check the source of this "news" There is no edge in patterns - none - Zero For every one of those patterns that worked out there are dozens that don't and are simply ignored by the pattern finder enthusiasts.
So what you are saying is that the market is totally random?
  • #108
  • May 21, 2016 9:19am May 21, 2016 9:19am
I have read hundreds of trading books, all are bullshit. Meaning to say it works in the past but not now.

Divergence works for me, but depends on average daily range and time frame. Why?

If you observe the movement, price will eventually reverse for correction purpose, but depends on which time frame would be clear to indicate this case. (A complete v shape). You cannot see this when big movement is happened in 1 hours time frame, but maybe you see this in daily chart. The correction pattern would indeed create divergence pattern, and the price movement would subsequently continue the trend, or turn to range movement pattern. However, still need to check the average daily range for advice. If the range is too big, probably it is a hints of incoming economy crisis or big movements, so you should move to bigger time frame to observe this divergence pattern.

Just to share. Thanks.
  • #109
  • May 21, 2016 9:27am May 21, 2016 9:27am
Quoting Mingary
{quote} Most likely not true. Just check the source of this "news" There is no edge in patterns - none - Zero For every one of those patterns that worked out there are dozens that don't and are simply ignored by the pattern finder enthusiasts.


Once again a great display of you're complete lack of understanding and 1 dimensional thinking. (I'd say 2 dimensional but your thinking doesn't even rise to being flat)

Failed patterns do NOT go ignored by real traders as they provide just as much information as ones that hold.

You and this seahorse character should really start your own thread for the clueless.
Ghost Rider - WWTBMD?
  • #110
  • May 21, 2016 9:51am May 21, 2016 9:51am
Quoting albchr
{quote} You and this seahorse character should really start your own thread for the clueless.
😂😂😂
  • #111
  • May 21, 2016 9:54am May 21, 2016 9:54am
Once again welcome to the comedy factory.
A bunch of noobs discuss something (divergence) that doesn't exist.
  • #112
  • May 21, 2016 10:26am May 21, 2016 10:26am
Quoting The-Flipper
Once again welcome to the comedy factory. A bunch of noobs discuss something (divergence) that doesn't exist.
prove that divergence doesn't exist
  • #113
  • May 21, 2016 10:36am May 21, 2016 10:36am
The proof:

every idiot would be a billionaire by now.
  • #114
  • May 21, 2016 10:38am May 21, 2016 10:38am
Quoting The-Flipper
The proof: every idiot would be a billionaire by now.

so your saying because you dont believe/use divergence your a billionaire ?
Learn, a forex trader must, unlearn and relearn he will.
  • #115
  • May 21, 2016 10:42am May 21, 2016 10:42am
Quoting COGSx86
{quote} so your saying because you dont believe/use divergence your a billionaire ?
Read #Post 111 and #113 again.
  • #116
  • May 21, 2016 10:47am May 21, 2016 10:47am
Quoting The-Flipper
The proof: every idiot would be a billionaire by now.
your proof makes you the idiot
  • #117
  • May 21, 2016 11:16am May 21, 2016 11:16am
We have an infestation of trolls...... I think it's time to go
  • #118
  • May 21, 2016 12:00pm May 21, 2016 12:00pm
Quoting albchr
{quote} Once again a great display of you're complete lack of understanding and 1 dimensional thinking. (I'd say 2 dimensional but your thinking doesn't even rise to being flat) Failed patterns do NOT go ignored by real traders as they provide just as much information as ones that hold. You and this seahorse character should really start your own thread for the clueless.
For you Sir ... with all respect.

Inserted Video
  • #119
  • May 21, 2016 12:06pm May 21, 2016 12:06pm
Quoting seahorse
{quote} For you Sir ... with all respect. https://youtu.be/tDQw21ntR64
Thank you! That was quite beautiful.

Plus, I always love it when members post what they're most experienced with.
Ghost Rider - WWTBMD?
  • #120
  • May 21, 2016 12:14pm May 21, 2016 12:14pm
Quoting albchr
{quote} Thank you! That was quite beautiful. Plus, I always love it when members post what they're most experienced with.
If you think that divergences works, good for you.
All the best for you $$

PS: Im just a troll
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