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Re: Coolman138 post# 110799

Saturday, 01/05/2013 11:49:26 AM

Saturday, January 05, 2013 11:49:26 AM

Post# of 140146
Coolman.....thank you for your empathy and for basically stating what pennies did about using other indicators of reversal to help confirm wave reversal potential. I knew I couldn't be the only one out there struggling with divergence as THE indicator for predicting reversals. There apparantly is no one single indicator out there. While I didn't bust an account yet over the issue I sure have locked in some big losses. The EJ and GJ big rallies have taken their toll on me over the last couple weeks because I kept using divergence and consolidation for my entry trigger. These long waves can kill you if you're on the wrong side. For once I'd like to be on the right side of them and let them run to my max gain potential. Maybe SG's cloud or something else will help me out there while aiding in nailing down the reversal per divergence setup. Thanks again and best luck to you. I wish you the same improved skill in trading that I'm hoping for, for myself for this 2013 year ahead.

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