Trading Reversals From Divergences - Traders Hideout | futures io social day trading
futures io futures trading


Trading Reversals From Divergences
Updated: Views / Replies:2,557 / 2
Created: by gannman Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Trading Reversals From Divergences

  #1 (permalink)
Elite Member
Sydney
 
Trading Experience: Beginner
Platform: NinjaTrader
 
Posts: 45 since Jun 2009
Thanks: 33 given, 18 received

Trading Reversals From Divergences

Hey folks,

I have come to the conclusion that trading reversals is HARD! I have such a low win % from trading reversals off bullish/bearish divergences (usually off MACD histogram) that I have come to the following conclusion: A bearish divergence on an indicator may be enough to keep me from going long a contract, but it won't be enough to get me to go short.

In trying to trade reversals I always wait for >= 5 waves in the direction of the trend, sell at/near resistance (e.g. pivot point, fib level) and sell on stop below the swing high bar that caused the divergence (in the case of bearish divergence in an uptrend). However I usually get burned trading reversals - I almost want to forget about trading reversals all together...except I hear so many traders say how reversals are their best/favorite/most profitable trades, so obviously I'm doing something wrong!

I would appreciate any thoughts/tips from others on this subject.

Cheers,
Simon

Reply With Quote
 
  #2 (permalink)
Elite Member
Austin, TX
 
Trading Experience: Advanced
Platform: NT/Matlab
Broker/Data: Interactive Brokers
Favorite Futures: FX majors
 
sefstrat's Avatar
 
Posts: 285 since Jun 2009
Thanks: 20 given, 752 received

what timeframe (or range, etc) are you looking at?

divergence on higher timeframe is much more meaningful than on lower timeframe.. use MTF and look for divergence across multiple scales.

Reply With Quote
The following 2 users say Thank You to sefstrat for this post:
 
  #3 (permalink)
Elite Member
Sydney
 
Trading Experience: Beginner
Platform: NinjaTrader
 
Posts: 45 since Jun 2009
Thanks: 33 given, 18 received


Thanks, I'll pay more attention to the higher timeframe in future.

I've been reflecting and I think my main problem is that I seem to go to some effort to make trading even more difficult than it is already (thinking that I'm smarter than the system etc).

Cheers,
Simon

Reply With Quote

Reply



futures io > > > Trading Reversals From Divergences

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!

February
 

Trading Resolutions for 2019 - Avoiding Mistakes w/GFF Brokers

Feb 19
 

3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21
 

The Driving Force Behind the Market w/Earn2Trade

Mar 5
 

TBA w/Stage5 & iSystems

Mar 12
 

TBA w/John Grady @ No BS Day Trading

Mar 19
 

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Better indicator compared to RSqueez for pointing the Divergences dellcnu The Elite Circle 5 May 31st, 2011 07:33 PM
Wow - did anyone see the cumulative data divergences on CL yesterday? David NinjaTrader 4 March 4th, 2011 11:17 AM


Tags
divergence, fibonacci, histogram, indicator, indicators, macd, mtf, multiple_time_frames, pivots, profitable, resistance, reversals, short, swing, timeframe, trading, trend

All times are GMT -4. The time now is 06:45 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-02-19 in 0.20 seconds with 14 queries on phoenix