As mentioned TS, it is entirely up to the individual, but, make sure it is crystal clear and at the highest resolution available. This is only a sample that I have used, and, it is not my stock trading chart, as you can see. The point is, if you are looking for divergence, then make sure it jumps out at you, and that you don't have to think long and hard to see if it is there, for, depending on what is happening at that time, a few seconds may well be too late, for, if we delay by a few seconds and do not get a fill, we then start to think about this and that, and next thing, a minute has gone and the stock has moved 20 cent or more, and now, we wonder again, and then, well, what we have then is the typical inability to act, and, when you look back at the chart, in hindsight, you will clearly see that it was a low risk entry, but, IT IS NOW TOO LATE, and the opportunity has been well and truly missed. You must learn think like the Road Runner and Sherriff Ping Ping Ricochet Rabbit TE
SD, what the FUK are YOU on about:eek: The only part you have CORRECT is the VERY INTELLIGENT bit I am the one and only The Expert, one of three (3) that have come to know, from many years of trading, what works best and what does not. This thread is for a very small few, as has been stated on both this site and the banned site, so, again, what the FUK are you rambling on about If you want to contribute, then fine, if not, then get lost and post with the likes of 1. themickey 2. moneyhunny for, they are a right pair of tulips, and will cater for all ranters and ravers Apology accepted in advance TE
I'll ask again, The Expert hasn't addressed this. An example of where TA has failed??? Where you can blame TA and not the trader.
I have no idea where you come from, or, what career path you have chosen in life, but, the norm is that you PROVE something works, not DISPROVE it:eek: Imagine how far the human race would have advanced, if, everyone set out to disprove things, instead of proving them AS PREVIOUSLY ASKED, all The Expert asks is that YOU THINK BEFORE YOU POST:eek: You might actually, be pleasantly surprised TE
Do not fret li, for, what you are experiencing is common among those who do not know how to trade. What you must do, is, stop, and ask yourself this. " What is The Expert trying to tell me here? He has already given some KEY points, and The Expert has even stressed that they are KEY, so, maybe that is a hint" This state of mind will not last that long, if YOU but start to think TE
So you don't have an example. The best way to confirm something works is to try and prove that it doesn't.
I expect that TE may well be watching SpongeBob right now so I'll give my slant on TA and why I doubt its usefulness. This a brief summary of a post I did in another forum. To test and find the best combination of various traditional TA methods I produced my own program for simulating a mechanical swing trading system using end of day data. The data was obtained from Yahoo finance for numerous UK stocks. The program could back optimise the TA methods by tweaking various parameters to give large % gains per year and it all looked very promising as an aid to making money. However, when the TA methods were applied forward in time over fresh data that they hadn't been optimised on, then, I found that they did not reliably generate a profit and that losses were just as likely. I flogged that program to death trying to develop it to generate a profitable trading system and failed to do so. The point is that I provided evidence to myself that TA in itself has no value. If anyone thinks that TA has value please supply objective evidence and not just anecdotal reasons.
Off you go then dg, but be careful, as you might be chasing a dead dog The Expert does not engage in silly and time wasting activities. Now, for those who can think for themselves, what do we have here TE