Two Roads Diverged: Trading Divergences by Dr Alexander Elder
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The Fork in the Road: Price Disparities in Trading
In trading, like in life, appearances can be misleading. Despite appearances, a trend may be faltering and about to turn around.
Learn how to utilize indicators to evaluate the strength of trends from inside with the help of this book. When they coincide, it’s safe to keep or even increase long positions. Sometimes they indicate that the trend is uncertain, suggesting that traders should consider selling into the trend or flipping from long to short positions.
When the trends of indicators and prices are at odds with one another, this is known as a divergence. Generally speaking, positive divergences occur around market bottoms and bearish ones occur near market peaks. Although some traders may use these crucial terminology carelessly, the Reader Exercises in this book will help you understand them thoroughly. Learn to confidently ride price trends and spot impending reversals before the rest of the market.
CONTENTS
Instructions for Using This Book
All Future Updates Are Free, and We Expect You to Follow the Honor Code
Evaluation of Methods
The Meaning of a Bullish Divergence
A Non-Bullish Divergence
What Is a Bearish Divergence and What Does It Mean?
Not Everything That Turns Down Is a Bearish Divergence
Reader Activation
Trades, Limits, and Take-Profit Levels
Extensive Notes on the Disagreements
Discordant Signals from Other Measures
Multiple Time-Frame Divergences
Checking for Disagreements
Semi-Automatic MACD Signals: The Next Step
Conclusion
Thanks
Sources
Background on the Writer
Dr. Alexander Elder of New York City works as a merchant. Trading for a Living, Come into My Trading Room, Entries & Exits, and The New Sell and Sell Short are just a few of the best-sellers he has written (all with Study Guides). Dr. Elder was on the psychiatry faculty at Columbia. His background gives him special understanding of the mind-set required for successful trading. Dr. Elder is in high demand as a conference speaker. SpikeTrade is a trading platform where he serves as a co-director.
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