The biggest lie about divergence in trading | Page 8 | Forex Factory

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The biggest lie about divergence in trading

  • #141
  • May 22, 2016 6:08am May 22, 2016 6:08am
Quoting seahorse
{quote} After all, the troll is not me.
Talk about backpedaling <<<< Better Ming?
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Ghost Rider - WWTBMD?
  • #142
  • May 22, 2016 6:10am May 22, 2016 6:10am
Oh well, that's enough Sunday morning fun for me.
Ghost Rider - WWTBMD?
  • #143
  • May 22, 2016 6:15am May 22, 2016 6:15am
Quoting albchr
{quote} Talk about backpedaling <<<< Better Ming? {image}
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  • #144
  • Edited 6:47am May 22, 2016 6:16am | Edited 6:47am
Quoting albchr
The funny thing here is, I don't personally use divergence but I know several successful traders who do as part of their TA.

I have a friend (unbelievable) too and he trades using TA ... and you know what, he's a very successful (hobby) trader.

He dont have a familly to support.
He dont have bills to pay each month.
Even when he lose he always have money to load the account again and food on the table.
Even if he trades demo hes a successful trader.

I forgot to say: He have +30 years old and he still lives in his parents home
  • #145
  • May 22, 2016 6:44am May 22, 2016 6:44am
Some of you guys should not waste your time in some trolls here . Some people just cant help themselves , most of them lost in this game and now they spend their lives saying this and that thing dont work .
  • #146
  • May 22, 2016 8:11am May 22, 2016 8:11am
Quoting RicardoDS
Some of you guys should not waste your time in some trolls here . Some people just cant help themselves , most of them lost in this game and now they spend their lives saying this and that thing dont work .
Absolutely......

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It never gets easier, you just get better
  • #147
  • May 22, 2016 8:59am May 22, 2016 8:59am
Is sad ...
The incredible lack of knowledge ... and worst of it ... the denial.

My last post on this forum.
Namaste
  • #148
  • May 22, 2016 9:17am May 22, 2016 9:17am
Quoting RicardoDS
Some of you guys should not waste your time in some trolls here . Some people just cant help themselves , most of them lost in this game and now they spend their lives saying this and that thing dont work .
It's all in good fun. I doubt any real traders take any of this seriously. Threads like this are just a way to kill some free time.
Ghost Rider - WWTBMD?
  • #149
  • May 22, 2016 9:20am May 22, 2016 9:20am
Quoting seahorse
My last post on this forum. Namaste
... Yeah, right. Bet that lasts less than a day
Ghost Rider - WWTBMD?
  • #150
  • May 22, 2016 9:49am May 22, 2016 9:49am
Hi Chris and others
As you guys know I trade pivots but do look for divs as well on my TDI set up.
As others have intelligently pointed out Divs works best in conjunction of other factors like pivots,TL rejected candles etc.
On losers and trolls same characters over and over.I just don't pay attention.I learned that traders who have higher IQ and can synthesize complex data into simple buy or sell have already great edge.That's something I am convinced can't be taught.You can take successful system and teach 10 people everything and only 2-3 will be successful.That's just how it is.Not everyone is meant to be a trader.
Not everyone is meant to be a carpenter,teacher,painter etc. either.This industry attracts lot of folks who have no business being here and universe just eventually weeds out the weak.Sound harsh but that's the truth.I'll say if you are not profitable after 5years of trading move on and pursue something else.
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In trading, you have to be defensive and aggressive at the same time
  • #151
  • May 22, 2016 9:50am May 22, 2016 9:50am
i think (can be totally wrong, lol) that divergence give "good" signals just 50% of the time, the other 50% give just wrong signals.

so, being used "alone" isn't going to be an edge.

but, they are a good confirmation (example, i would rarely try to pick a top or a bottom if a divergence isn't in place).

i say therefore, divergences are an important (inessential but important) tool that can be used when taking trading decisions.

  • #152
  • May 22, 2016 9:55am May 22, 2016 9:55am
[quote=tunera;8939415]i think (can be totally wrong, lol) that divergence give &quot;good&quot; signals just 50% of the time, the other 50% give just wrong signals. so, being used &quot;alone&quot; isn't going to be an edge. but, they are a good confirmation (example, i would rarely try to pick a top or a bottom if a divergence isn't in place). i say therefore, divergences are an important (inessential but important) tool that can be used when taking trading decisions.
if the RR is good, then 50/50 isn't bad
  • #153
  • May 22, 2016 10:08am May 22, 2016 10:08am
Quoting Davit
Hi Chris and others As you guys know I trade pivots but do look for divs as well on my TDI set up. As others have intelligently pointed out Divs works best in conjunction of other factors like pivots,TL rejected candles etc. On losers and trolls same characters over and over.I just don't pay attention.I learned that traders who have higher IQ and can synthesize complex data into simple buy or sell have already great edge.That's something I am convinced can't be taught.You can take successful system and teach 10 people everything and only 2-3 will...
Quoting tunera
i think (can be totally wrong, lol) that divergence give "good" signals just 50% of the time, the other 50% give just wrong signals. so, being used "alone" isn't going to be an edge. but, they are a good confirmation (example, i would rarely try to pick a top or a bottom if a divergence isn't in place). i say therefore, divergences are an important (inessential but important) tool that can be used when taking trading decisions.
Exactly ... ... Just another tool (piece of the puzzle) to help make the whole picture clearer.
http://www.forexfactory.com/showthre...35#post8938835
Ghost Rider - WWTBMD?
  • #154
  • Edited 10:33am May 22, 2016 10:17am | Edited 10:33am
Quoting FXEZ
{quote}
Anyway from my experiments from combining strategies/signals by far you get the most bang for the buck if all of them are net positive or have a positive edge. As a post script, you need to watch out for what I call reverse Parrondo's paradox where the combination of two or more strategies with a positive advantage can turn into a net negative result when combined.
@FXEZ post talks about the combination of strategies that may not result in a positive net result regardless they're individually net positive or not, unless proven otherwise. In this case, then we're not talking about divergence of an indicator per se but a combo with the use of divergence that makes it a method/strategy that falls under this category.

In any case, I doubt there's any evidence to show that divergence of any indicator returns a net profit in an unpredictable market environment.
  • #155
  • May 22, 2016 10:30am May 22, 2016 10:30am
Quoting seahorse
Is sad ... The incredible lack of knowledge ... and worst of it ... the denial. My last post on this forum. Namaste
Ok , cool .
  • #156
  • May 22, 2016 10:32am May 22, 2016 10:32am
Quoting Davit
Hi Chris and others As you guys know I trade pivots but do look for divs as well on my TDI set up. As others have intelligently pointed out Divs works best in conjunction of other factors like pivots,TL rejected candles etc. On losers and trolls same characters over and over.I just don't pay attention.I learned that traders who have higher IQ and can synthesize complex data into simple buy or sell have already great edge.That's something I am convinced can't be taught.You can take successful system and teach 10 people everything and only 2-3 will...
Quoting albchr
{quote} {quote} Exactly ... ... Just another tool (piece of the puzzle) to help make the whole picture clearer. http://www.forexfactory.com/showthre...35#post8938835
"Why the brain believes something is real when it is not"

http://www.scientificamerican.com/ar...gful-patterns/

Perhaps, it's still not clear ==> "Why the brain believes something is real when it is not"

Whatever you are doing that somehow gets you a few pips has nothing to do with some pattern that you are imagining ...
  • #157
  • May 22, 2016 10:38am May 22, 2016 10:38am
Quoting skyway
{quote} @FXEZ post talks about the combination of strategies that may not result in a positive net result regardless they're individually net positive or not, unless proven otherwise. In this case, then we're not talking about divergence of an indicator per se but a combo with the use of divergence that makes it a method/strategy that falls under this category. In any case, I doubt there's any evidence to show that divergence of any indicator returns a net profit in an unpredictable market environment.
go here and check out Likica's trades.She does it day in day out.Makes her living trading.She uses Divs in conjunction with PA MA's etc.
Why are you in doubt? People are making money trading it.

http://www.forexfactory.com/showthread.php?t=526735
she literally has hundreds of Div trades posted with charts.
In trading, you have to be defensive and aggressive at the same time
  • #158
  • May 22, 2016 10:41am May 22, 2016 10:41am
Quoting Davit
{quote} go here and check out Likica's trades.She does it day in day out.Makes her living trading.She uses Divs in conjunction with PA MA's etc. Why are you in doubt? People are making money trading it. http://www.forexfactory.com/showthread.php?t=526735 she literally has hundreds of Div trades posted with charts.
If she's willing to submit her method/strategy that makes use of divergence strategy for testing, it can then be established with support of empirical evidence that her method/strategy is indeed net positive.
  • #159
  • May 22, 2016 10:41am May 22, 2016 10:41am
Quoting Mingary
{quote} {quote} "Why the brain believes something is real when it is not" http://www.scientificamerican.com/ar...gful-patterns/ Perhaps, it's still not clear ==> "Why the brain believes something is real when it is not" Whatever you are doing that somehow gets you a few pips has nothing to do with some pattern that you are imagining ...
I find it astonishing that you got subscribers.I can't imagine anyone wanting to read what you have to say.
Heard you from other threads most negative unsuccessful trader here at FF
Case closed.
In trading, you have to be defensive and aggressive at the same time
  • #160
  • May 22, 2016 10:46am May 22, 2016 10:46am
Quoting skyway
{quote} If she's willing to submit her method/strategy that makes use of divergence strategy for testing, it can be established with support of empirical evidence then that her method/strategy is indeed net positive.
Testing never works because every day is presented with new combination of factors.
Why don't you look her trades up before answering me.I am sure she will prove you with hundreds of examples of $$ trades using divs.
In trading, you have to be defensive and aggressive at the same time
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