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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.
Two Roads Diverged
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Two Roads Diverged: Trading Divergences