TWO ROADS DIVERGED TRADING DIVERGENCES PDF

File: PDF, 1. Alexander Elder Copyright by Dr. If the fonts do not to look right on your screen, try printing out this e-book — it will look fine on paper. Also, if you have any suggestions on improving or updating this book, please write to the author at book elder.

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Business Nonfiction Two Roads Diverged: Trading DivergencesWhat you see on the surface is often deceptive, in trading, as well as in life. A trend may appear strong, while below the surface it may be weak and ready to reverse.

This book will teach you to use indicators for measuring the internal power of trends. At other times they signal that the trend is suspect: it is better to exit, take profits, and even consider switching from long to short or vice versa.

A divergence is a disagreement between the patterns of indicators and prices. Some traders use these important terms loosely; this book will make them very clear by guiding you through several Reader Exercises.

It will show you how to ride price trends with greater confidence and recognize upcoming reversals before they hit the crowd. Elder taught psychiatry at Columbia University. His experience provides him with unique insight into the psychology of trading. Elder is a sought-after speaker at worldwide conferences. He is a co-director of SpikeTrade, a website for traders.

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