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[black bear]

Its important to remember though that it is only "increasingly likely

A divergence occurs when two things do something different. So the classic examples of standard divergence are:

Price rises to a new high but OBV doesn't make one (not valid if you don't have a volume surrogate for your forex market).

Price rises to a new high but a momentum measure like RSI or MACD doesn't make one.


In both cases it is becoming increasingly likely that price would reverse. Its important to remember though that it is only "increasingly likely."

"Its important to remember thought that it is only "increasingly likely"

I do not think it indicates anything at all

Its a dead end and a waste of time and gets many new traders looking and thinking about the wrong things imho

Ftse still Flat

 

[TheBramble]

I do not think it indicates anything at all

Its a dead end and a waste of time and gets many new traders looking and thinking about the wrong things imho

BB - you're kididng right? Divergence is generally considered to be one of the more useful TA techniques.

 

[mayankjain24in]

thanks but..

but i don't think so,
as the theory is simple u can
get profit from that simply..
is there any free e-book available for this??

"Its important to remember thought that it is only "increasingly likely"

I do not think it indicates anything at all

Its a dead end and a waste of time and gets many new traders looking and thinking about the wrong things imho

Ftse still Flat

 

[black bear]

No I am not, its not Black and White imho

BB - you're kididng right? Divergence is generally considered to be one of the more useful TA techniques.

Never found them any real use myself, I admit my eye can see it on the price bars without the rsi or whatever you use on charts

Think it shakes you out of good moves when you are sat the right side and gives you false hope if your the wrong side

No plenty will use it and find it really great

imho its rubbish thats all

I would rather just watch price, and levels its at and its behaviour, I think with instruments your adding something in there thats not really needed trying to be more accurate when you just won"t be imho, you have to learn it inside out to gain, may as well just learn price action and cut straight to the engine

An illusion of control, if it works for you and keeps you level headed = fine I am not knocking them just devil advocating a bit Also think they shape shift your mind a bit, give you a view of the price action thats not always helpful

I just found I did not need them any more, have used macd with Histo to & rsi in the past for about a year and on 3 timeframes to.

I do think they keep or can keep you a bit blinkered thats all and stop you being as observant as you might be without them

I would concede I learnt a lot from my indicator period before I dropped them so perhaps its all part of the learning, don"t no really.............

I would never use them again

 

[black bear]

Simple

but i don't think so,
as the theory is simple u can
get profit from that simply..
is there any free e-book available for this??

You can"t profit from anything that simple


It as to be really Simple

Good trading and enjoy the search..........loads about it onT2W, in house specialist around here some place and he swears by them ..............fibonelli

Latter :clover:

 

[moses111]

is the GBP going back to 1.98 soon?

 

[black bear]

is the GBP going back to 1.98 soon?

Whats that got to do with the price of bacon :?:

check it for a bit of divergence :cheesy:

 

[leeboy123]

lee

hi all

being new to spreadbetting i was looking for a couple of decent websites i could sign up to that offer an unbiased view on research and tech analysis on a daily basis to my email account.
most of these you have to pay for which i dont mind but to start any info on main markets ftse, cable, dow, ftse100 stocks would be a great help while i find my feet!

 

[TheBramble]

hi all

being new to spreadbetting i was looking for a couple of decent websites i could sign up to that offer an unbiased view on research and tech analysis on a daily basis to my email account.
most of these you have to pay for which i dont mind but to start any info on main markets ftse, cable, dow, ftse100 stocks would be a great help while i find my feet!

If you're SBing there's really little point in worrying about unbiased views and research. Save your money and give it to your SB company…

Just concentrate on how your SB swings the price and the spread around just before and after underlying market moves (if there's any correspondence whatsoever) and work out which side to be on next time. There is a method to their madness…you just need to clock it….and it’s got very little to do with the underlying.

 

[mp6140]

MP -- "divergence" and the single girl and Is there life after quitting your job ?

Bear guy - - - -
some day you gonna show me how you really trade, cause i cant imagine you doing much more than taking tiny bites out of the market as it either moves up or down, but never a really solid honey on filet mignon with porridge pudding sort of meal because you just dont get the good moves without some indicators and warnings --- and "divergence" is one of the greatest little warners in the world --- in fact, if it were any better, it would have to be named "warner brothers !"

BADDA BING !!

to be coming to the end of a 45 pip run, and see my little buddy, the ma xover with built in macd divergifieracation indicator start showing me divergence is akin to robby the robot sitting next to me and bleeping "danger", "danger", "danger" ---- you gots to love it for the warm and fuzzy way it tugs at your arm, reminding you gently that "what goes up, must come down" and "youre rapidly approaching the end of your ladder !"


now, for the lad questioning if there are any "systems" out there that shall free him from the slavery of wages, allow him to become rich, marry a "trophy" wife, have a few Aston - Martins in the garage, own four estates to live in in different seasons and wear the double breasted blazer and wingtip shoes of the "international banker", i must tell you, in the words of Lili Von Shtup, "ITS TWUE, ITS TWUE !"

RUN, dont walk, over to trader_dante's thread, http://www.trade2win.com/boards/first-steps/26947-making-money-trading-212.html#post426930, but start at the beginning, not the end, and learn how to identify those mysterious candlesticks that contain the "the fountain of youth", "the holy grail", an excellent "linquine carbonara" and a fully unabridged version of "blazing saddles !"

YOU GONNA LOVES IT and its free and after you master that one, we can race our Astons on the local interstate, ok ??

enjoy and trade well
theres just no other "cottage" industry like this one

mp

 

[tugofwargame]

anybody interested in ichimoku indicator??

 

[jonj]

anybody interested in ichimoku indicator??

what is it??
sounds like a weather cycle??

 

[johnnyvento]

How do I screen stocks for technical indicators?

For example, if I want to screen for Gartley patterns based on the front page article by Larry Swing, how would I do that? What software would I use?

Other examples:

screening for gap ups and gap downs, and what percentage of the time do they move in the opposite (corrective) direction over a fixed time period? How does one screen for that?

Help.

 

[mp6140]

MP --- AHHHH --- how to use stock search engines -- i remember that !

How do I screen stocks for technical indicators?

For example, if I want to screen for Gartley patterns based on the front page article by Larry Swing, how would I do that? What software would I use?

Other examples:

screening for gap ups and gap downs, and what percentage of the time do they move in the opposite (corrective) direction over a fixed time period? How does one screen for that?

Help.

get an inexpensive subscription to "stockfetcher.com" which is the GREATEST indicator filtering and search site in the whole blinking world !

if they havent got it, then you can create it !

gap ups and downs are nasty little critters that usually find themselves reversed by the next day, if not before noon ----- unfortunately, you can only screen for gaps after the fact, but those who do usually look for them to short, not continue the runup !

stockcharts.com StockCharts.com - Simply the Web's Best Stock Charts has some excellent EOD information (live for a price thats not bad) and good search engines for finding gappers, but as i warn, gappers tend to become droppers pretty soon after they do their thing, so be VERY careful indeed.

 

[traderphil67]

Newbie to Currency Exchange needs advice on turtle trading

Hi fellow investors. New to the currency exchange game and trying to find a useful system. In particular I want to know if the Russell Sands "TURTLE" service is for real or a load of crap..Any info or comments are welcome.

Thanks,

Traderphil

This new sticky thread is targeted to all new members and existing members who are making their first posts.

In this thread, feel free to ask ANY question relating to trading, however simple you think it is. Our forum advisors and more senior members will be happy to answer them for you! :smart:

:!: If you think your question requires more than a quick reply, it's best to create a new thread in the appropriate forum, so that a discussion about it can develop.

 

[dawnwhistler]

Well, I don't know if this is a simple question, but... I'm all set to dive in, and find that, apparently, very few broker platforms work with Macintosh. The only two names I have that do, are Forex.com--which got awful reviews--and Oanda (which I'm trying to use for something else). Does anyone know of others, or have positive feedback about Forex.com?
Thanks!

 

[juliethemoose]

HELP...please

I Have a barclays marketmaster account, and I purchased RBS and BARC shares on the Ex DIV date. On my contract note for both trades it said cum dividend. I had only been trading a week so did not realise this was an error.

Are contract notes legally binding? In a letter from Barclays it states "Our contract notes are subject to errors and ommisions, and can be changed at a later date."

Does this statement defeat the object of Contract notes?

Interestingly I have been sent a form to sign that says" I accept your ex gratia offer of two free Marketmaster trade, in FULL and FINAL settlement of my complaint against Barclays Stockbrokers."

Can anyone help me please?

J

 

[timsk]

what is it??
sounds like a weather cycle??

Hi jonj,
Ichimoku - or Ichimoku Kinko Hyo - to give it its full name, is a type of chart. Sometimes referred to as 'cloud' charts, they contain a series of moving averages overlaid onto a traditional Japanese candlestick chart. There has never been much enthusiasm for them here on T2W so, if you're interested in learning more about them, then this site is pretty good:
Kumo Trader Ichimoku Forum - Index
There is also a book published by Harriman Trading entitled 'Ichimoku Charts' by Nicole Elliott. Of all the trading books I own (quite a collection now) this is easily the worst of the lot by a very long margin. This is NOT a reflection on Ichimoku analysis - merely the quality of the book. The web site referenced above is much better, IMO.
Tim.

 

[timsk]

Well, I don't know if this is a simple question, but... I'm all set to dive in, and find that, apparently, very few broker platforms work with Macintosh. The only two names I have that do, are Forex.com--which got awful reviews--and Oanda (which I'm trying to use for something else). Does anyone know of others, or have positive feedback about Forex.com?
Thanks!

Hi dawnwhistler,
This may be a solution to your problem:
Parallels Desktop for Mac
I'm pretty hopeless at anything 'techie' - but, fear not, there are peeps here who are poop hot at this stuff! If this software looks as if it's of interest and you want to know more and get the low down from a Mac user that's used it, get in touch with Matt Vann - a.k.a. 'rossored' here on T2W. He not only uses Parallels himself but has also reviewed the product for a prestigious trading publication. He's the resident techie genius and very helpful too.
Tim.

 

[pvisser]

Hi,

Can anyone tell me which charting software is best suited for spreadbetting? At the moment I have TeleCharts which is good, but it takes extremely long to load up everytime. I also only recieve daily charts, is it enough to trade with or do I need intraday as well?

My last question is about seminars, are there any out there you guys could reccomend?

Thank you
Pete