Alexander Elder

Two Roads Diverged: Trading Divergences (eBook, ePUB)

• Format: ePub

Produktbeschreibung

Two Roads Diverged: Trading Divergences What 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. When they confirm an uptrend, they tell you it's OK to hold or add to long positions. 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. You'll find bullish divergences near market bottoms and bearish divergences near market tops. 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. CONTENTS How to Work with This Book Free Updates & the Honor Code Review of Tools A Bullish Divergence: A Basic Definition What is NOT a Bullish Divergence A Bearish Divergence: A Basic Definition What is NOT a Bearish Divergence Reader Exercises Entries, Stops, and Profit Targets Additional Points on Divergences Divergences in Other Indicators Divergences in Multiple Timeframes Scanning for Divergences The Next Step: MACD Semi-Automatic Conclusion Thanks Sources About the Author Alexander Elder, M.D. is a professional trader based in New York. He is the author of several best-selling books: Trading for a Living, Come into My Trading Room, Entries & Exits, and The New Sell and Sell Short (all with Study Guides). Dr. Elder taught psychiatry at Columbia University. His experience provides him with unique insight into the psychology of trading. Dr. Elder is a sought-after speaker at worldwide conferences. He is a co-director of SpikeTrade, a website for traders.

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Produktdetails

• Verlag: Dr Alexander Elder
• Erscheinungstermin: 8. Januar 2012
• Englisch
• ISBN-13: 9781452476988
• Artikelnr.: 48335034

Autorenporträt

Dr. Alexander Elder is a professional trader based in New York City. He is the author of Come into My Trading Room (Barron's 2002 Book of the Year) and Trading for a Living, considered modern classics among traders, as well as a number of other books.

Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading. Dr. Elder's books, articles, and software reviews have established him as one of today's leading experts on trading.

Dr. Elder is the originator of Traders' Campsweek-long classes for traders, as well as the Spike group. Group members are professional and semi-professional traders who share their best stock picks each week in competition for prizes among themselves. He continues to trade and is a sought-after speaker at conferences in the US and abroad.