Why do you argue so much? no_pm_please's "Emini divergence system" was designed to work counter-trend, and it does it nicely. He was using it on 5 min charts, but I think it might work with even a higher winning percentage on 60 min, daily or weekly. Applying it to trending markets and / or trendier time frames will disappoint you as expected.
Anyone use my method?
- Thread starter no_pm_please
- Start date
Not arguing, I'm surprised you missed that distinction. Of course one can have winning trades with such a method. Yet, I was pointing out that it would be very foolish to believe that one can trade full time off of 5min divergences only without incurring nasty drawdowns of the kind that nopm warned about. So I bring that up and people get ticked off.
But of course, blind followers looking for a holy grail really don't care to hear about the risks involved with such a method. So I'll leave it at that, no point pointing out what people don't want to hear.
I think what's bothering some was the tone of your message...
To tell a trader to control their enthusiam (tone it down) is pushy.
You then follow that with the doubt word in the same paragraph when a few have said they use the method profitably so far.
Simply, your doubting their honesty.
You then follow that with the ironic word in the context others are happy that no_pm shared the method.
In fact, I haven't seen anyone in this thread state that the method works in trending markets
My point is that I don't think those your arguing with are upset that the method doesn't work in trending environments.
I think they are upset with the tone of your message via particular words you used.
Then is a recent message...
Geesh...now your taunting (raking it in) no_pm viewers eventhough most here probably have not been getting divergence signals due to the downtrend late December and due to the uptrend since the New Year.
Then in your most recent message...
You call those interested and continue discussing no_pm method as blind followers looking for the Holy Grail.
If you don't see that as insulting then you probably don't see your first post in this thread as being somewhat offensive eventhough it started with good intentions.
As for no_pm whereabouts...anyone that has read how his prior thread had ended...
I would suspect he has not been around due to personal reasons and nothing to do with the divergence signals not appearing as often in the past few weeks.
Mark
(a.k.a. NihabaAshi) Japanese Candlestick term
To Mark1 and other divergence followers
I apologize for the above, and wish you the best with what you've learned from this thread. There are better ways to express my disagreement, without resorting to this, no matter how convinced I am. Please disregard my comments on the divergence method as well.
good luck all.
Sounds more like a random non-linear chaotic strategy of the 3rd kind.
Holee, what is the chart with the 5mn time frame plz? thx