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It would generally refer to an indicator that was a direct derivative of price. For example, an MA.

After spending a couple days in a divergence chat room, and after doing more of own research and backtesting further, I am warming the oven for a crow dinner. Divergence in particular cases is a valid strategy. I could only find some roadkill near my home. But I did promise.... SQWAK...

Are you kidding? They create a great number of my trades. Can't imagine a market without movement.

I am fully prepared to eat crow this week if I am shown the light, and I will report back here in due time. I was hoping for crow teryaki, but I've since learned that NihabaAshi isn't really Japanese. A shame. Reportedly he lives in French Canada, and God only knows how they eat crow up...

They can address the issue all they want, put posting charts illustrating examples of divergence in hindsight does not have me sitting down to crow dinner. Not yet. My challenge is for someone to post a trade in real time that is clearly initiated by a divergence signal. And a followup...

It would be great to see an example, so that we can all profit from your hard work.:p I don't mind eating crow. I haven't had it in a long time.

Essentially we're saying the same thing, in that chart patterns are much like Rorchach tests. Human's have a very strong tendency to want to put order to random events, images and data, and charts play very well into that sometimes harmful tendency. There is a tremendous body of total...

As I make my living trading reversals - and a good living it is - I don't really need a lecture on the fact that prices fall and prices rise. My point is that many patterns make for great publishing in HINDSIGHT, but are very difficult to discern and trade in real time on the hard right edge...

If you've been trading for 6 years, and if you are profitable and spend as much time as the average trader in tweaking your systems and watching performance, then you are, IMO, probably asking for the impossible. Most firms would likely gain from your knowledge, not enhance it!

Okay, after all that verbiage....I challenge you or anyone on this site to post, IN REAL TIME, a divergence that leads to a reasonable profit on a trade. Any timeframe, any market, any instrument. The post must be timestamped as the trade is entered, along with the specifics of the...

No, it isn't possible consistently to gain from this. Sure, you can often hit the bid, but when the stock moves against you the few cents you had hoped to make on the spread will look very small. A few of those moves...and you will have many...will wipe out any gains you may have made on...

I spent 5 years in Boca and Delray Beach as a single guy. A great time. Boca and Miami are completely different scenes. Miami is extremely diverse ethnically. Very latin and crowded. Majority population is Cuban. Boca is majority Norheast retirees. Very polished and upscale. Also now...

My list of trading rules: 1. Never read other people's trading rules.

Personally, I put divergences in the same category as crossing MAs, stochastic pops, reverse-head-and-shoulders and a whole lot of other crap that helps authors fill pages in books, and that gets new traders excited that they can actually see this stuff on a chart. For every occurance of the...

Both can be rewarding careers. But bottom line? Think about who you would rather spend your days with. Families, or business people? There's your answer.

Over the last six months? Hell, buy and hold on the S&P over the last six months was a great return. What's the big deal? Post your monthly results for Jan-Dec 2002 and you may get some interest

Ridulous to recommend software designed for entering and managing trades, when this guy is a newbie who doesn't yet know which end is up. Button Trader, Bracket Trader, whatever, is far in his future after he masters the basics.

Generally, the longer the timeframe, the more effective the indicator. But it all depends on the timeframe you want to trade and how you intend on using them. If you are daytrading, then obviously a weekly indicator isn't generally going to be a big help. Although if you are swing trading...

I agree that you should give yourself some time on paper before opening an account. I too am a stock swing trader who has recently started trading ES as a sideline. If you are honest in logging your trades as you watch the ES and/or NQ charts (sell bid, buy ask), you will gain a lot of...

Absolutely correct. And the best way to save money on options training and trading? Don't trade them at all. With rare exception, they are a suckers game.