The biggest lie about divergence in trading | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Divergence and hidden Divergence 122 replies

The lie of it all - systems and their weaknesses 8 replies

CHECKstar's Lie Trading Journal 34 replies

Why do charts lie??? 1 reply

Attachments: The biggest lie about divergence in trading
Exit Attachments

The biggest lie about divergence in trading

  • #181
  • May 22, 2016 8:24pm May 22, 2016 8:24pm
Ha, it's quite funny,
took me a while to realise it, but Mingary just loves to create controversy.

I'll give you a tip;

He doesn't even believe his own shit....

He is simply amusing himself at others expense

This is why i stopped conversing with him altogether
Come with me if you want to live....
  • #182
  • May 22, 2016 11:23pm May 22, 2016 11:23pm
Quoting Ill-b-back
Ha, it's quite funny, took me a while to realise it, but Mingary just loves to create controversy. I'll give you a tip; He doesn't even believe his own shit.... He is simply amusing himself at others expense This is why i stopped conversing with him altogether
Am I always the only one noticing the elephant in the room ? (;

Attached Image
  • #183
  • May 23, 2016 1:15am May 23, 2016 1:15am
Quoting Ill-b-back
Ha, it's quite funny, took me a while to realise it, but Mingary just loves to create controversy. I'll give you a tip; He doesn't even believe his own shit.... He is simply amusing himself at others expense This is why i stopped conversing with him altogether
I am also of this view. Ming just likes to troll. He is a very good troll too!
If you are good at something, never do it for free--Joker
  • #184
  • May 23, 2016 3:29am May 23, 2016 3:29am
Quoting simond2002
{quote} Looks like one of my charts I posted it real-time for a very specific reason. Thanks for picking up on it and adding something useful. The OP spoke about divergence giving the best signals. I absolutely acknowledge that the books etc promote the idea that divergence is a signal. But for me divergence isn't a signal, it's only an indicator that price may turn. The signal for me is always in the PA, which is why I drew that little yellow horizontal line on the price.
Very true, its good to use as a supporting tool, maybe not as a signal.

Didnt quote you as nothing wrong with your post, so I just 'stole' your chart for easier reference. Hope you dont mind.
The only winner is the one who survive the longest...
  • #185
  • May 23, 2016 3:34am May 23, 2016 3:34am
Quoting jmn5611
{quote} I am also of this view. Ming just likes to troll. He is a very good troll too!
one of the best
Come with me if you want to live....
  • #186
  • May 23, 2016 5:02am May 23, 2016 5:02am
Quoting kinspk
{quote} Very true, its good to use as a supporting tool, maybe not as a signal. Didnt quote you as nothing wrong with your post, so I just 'stole' your chart for easier reference. Hope you dont mind.
I don't mind at all mate, it's good to have a bit of chart interaction
  • #187
  • May 23, 2016 5:21am May 23, 2016 5:21am
Quoting albchr
LOL .. You see Davit? This is the kind of mentality you're dealing with here with Ming. One win, one loss makes it all impossible. What if the win was greater than the loss Ming? You know, the kind of thing successful traders do everyday?
btw, good to see you alive and kicking!
If you are good at something, never do it for free--Joker
  • #188
  • May 24, 2016 8:43am May 24, 2016 8:43am
Quoting Copernicus
{quote}One thing you just need to be careful of with divergence is whether it is simply a feature of the method of indicator calculation
You summed it up pretty well since divergence (in indicator signals) are directly correlated to the drop-off effect, nothing more nothing less.

I am presuming this thread is/was discussing divergent signals between price-indicator.

Quoting Copernicus
{quote}or whether the divergence signal emanates from another data source...
Again, this is a 'true' form of divergence/convergence as it is essentially a comparative between two variables relative to a constant. In fact, all currency traders are trading divergences in their purist form, be it they admit to it or not, or simply do not realize it.
  • #189
  • May 24, 2016 6:27pm May 24, 2016 6:27pm
Quoting Pipalicious
{quote} Again, this is a 'true' form of divergence/convergence as it is essentially a comparative between two variables relative to a constant. In fact, all currency traders are trading divergences in their purist form, be it they admit to it or not, or simply do not realize it.
That's how I see it as well.
  • #190
  • Edited 1:28am Jul 4, 2016 12:05am | Edited 1:28am
Quoting jmn5611
Okay, your first homework assignment. Please show in a detailed post what causes divergence in a momentum based indicator, and what that implies.
Here's my attempt to revive this discussion. Thus, here are my thoughts on the question jmn asked.

As I'm a fan of the stochastic oscillator, I'll refer to that indicator. What one have to understand in order to see the function of the stochastic is, that it just give the relative position of most recent prize (e.g. close) to the highest as well as lowest prize value over a defined period. Thus, we will only see a difference between stochastic and prize itself if there's either a range expansion or a range squeeze (meaning that either the high-low difference of the stochastic formula increases with a new candle or decreases, i.e. the highest or lowest value of our %k = lookback period leaves that window).

If at all imho only the range expansion may give some worthy signals. But what can someone conclude from it? I'm not sure about that point. One possible explanation could be that only big players (non retail traders) can move enough money to cause a range expansion. Thus, this move may indicate the action of such a big player. However, whenever this move flattens, we may conclude that the big player get out with her money and thus prize may move in the other direction.
  • #191
  • Jul 4, 2016 7:47am Jul 4, 2016 7:47am
Divergence is definitely the most complicated for the rookie trader.
  • #192
  • Oct 2, 2017 8:10pm Oct 2, 2017 8:10pm
I have incredible outcomes trading dissimilarity. The thing is however, uniqueness is only one marker and like all pointers, it can't be utilized as a part of confinement. When it has different components to help it, for example, pre-decided S&R levels, moving normal setup, drift line and so on, at that point it can be inconceivably effective. It can be anticipated also, as the moves that make the disparity can be a giveaway. Redirection is to a great degree intense when it is affirmed. It can as a rule be anticipated and all the time takes after an intense last move with the pattern which sets up the redirection.
  • #193
  • Last Post: Oct 2, 2017 11:57pm Oct 2, 2017 11:57pm
I have incredible outcomes trading dissimilarity. The thing is however, uniqueness is only one marker and like all pointers, it can't be utilized as a part of confinement. When it has different components to help it, for example, pre-decided S&R levels, moving normal setup, drift line and so on, at that point it can be inconceivably effective. It can be anticipated also, as the moves that make the disparity can be a giveaway. Redirection is to a great degree intense when it is affirmed. It can as a rule be anticipated and all the time takes after an intense last move with the pattern which sets up the redirection.
0 traders viewing now