anyone seeing the divergence on ER2 while ADX above 30? that's the clearest divergence i've ever seen. don't know if it's supposed to work for ER2 though.
3 weeks later and the enthusiasm on this thread seems to have died down significantly... meanwhile, VIX bounced from 10 to12 on the December selloff and we have had the mother of all trended rallies in a long time. Anyone 'raking it in' with divergences? I wonder where NoPM is now.
Nothing. I just saw this coming 3 weeks back. The infatuation with a one dimensional entry technique which can be very dangerous by itself. A lot of folks got on board, never seen so many posters suddenly agitate over a thread, and then BOOM market trends like a rocket, hahaha. Anyhow, if people are making money using this, good for them. I wanted to warn folks a while back to be careful and tone down their enthusiasm or get caught. I'm willing to bet that the divergence trading in last 3 weeks didn't work that great. We know that, you may say, so what? who cares? I don't think people care, you're right. After all there must be many traders on ET who can stomach 40% drawdowns like Nopmplease did, so why should I bother warning people?
I think there is a time and place for everything. A time to counter trend ala nopm and a time to pile on a trend. Don't ask Marketsurfer for any help there, he'll try to convert you to his religion, which is... errrrr... ummm, who knows what he advocates, haha. How do you feel about strategy in general? Would you only trade divergence as standalone if it was on/off in terms of profitability?
That's funny, first you come here laughing at peoplewho follow this thread, now you ask for suggestions on the very same thread. You'd better make up your mind buddy.
Only a teenager or an immature idiot would construe the above as asking for suggestions. I was not laughing at people following this thread, but I'm sorry that your insecurity led you to believe that. I don't need any 'suggestions', thank you very much. So your command to make up my mind does not apply. Even if it did apply, last time I checked I didnt take orders from anyone, especially not some lemming on ET. Have you jumped off the cliff yet?