are divergences really worth anything?

Discussion in 'Strategy Building' started by Gordon Gekko, Sep 10, 2003.

  1. do you mean stock symbol or technical indicator?
     
    #111     Oct 28, 2003
  2. Both
     
    #112     Oct 28, 2003
  3. how about eagle and the slow stochastic. Its trading towards its low right now. Post your trade.
    regards
     
    #113     Oct 28, 2003
  4. ES support 1170s-1180

    ES resistance 1237s-40
     
    #114     Aug 30, 2011
  5. Buy1Sell2

    Buy1Sell2

    Divergences are extremely extremely important and useful. Trick is to learn which ones are going to work and which ones are less likely to. Once you see it, you will be able to recognize it each and every time. Most people think they see divergence, but they don't. You need years of real time practice to see the light. :)
     
    #115     Aug 31, 2011
  6. Lucrum

    Lucrum

    You asking about the first one, second one, third one...??
     
    #116     Sep 3, 2011
  7. ??? Are divergences really worth anything ???

    2 answers

    1. = Only on a very small price move, what will happen because of that divergence and the traders who trade because of that.

    2. = Not necessary for good or even big moves, dosent matter, if price is in a major trend or in a direction change process.
    Only sometimes, a divergence appears as extra on good or big moves, but they dont give you a clear signal, for bottoms or tops.

    They are just patterns in patterns, nothing stands for itsself alone in the charting magic.

    If you have a good setup & a divergence extra bonus, it gives you more confirmation that you may be right with going on that trade.

    best regards:) :)
     
    #117     Sep 7, 2011