Read diverged reviews, rating & opinions:Check all diverged reviews below or publish your opinion.
10 Reviews Found
Seems to work. The primary premise to to watch for a divergence in the action and the MACD indicator. I've been watching charts since reading this book, and it seems to work on a historical basis. Placed a couple of trades and created a little, but wish to try more before I allow it ride longer. Looking to read To Trade or Not to Trade next.
I first read Alex in 2006, attended a "camp" in 2007, and a lot of webinars since. He is a amazing trader, a amazing writer/ teacher and an honest man. He doesn't sell secret systems or proprietary indicators. He helps you use publicly known indicators and disciplined methods to learn trading. How much effort now goes into his teaching/writing vrs. trading? I don't know or care. BTW, how do the two 1 star detractors know? They allege w/o evidence. Despite limitations of the e-book format (sizing of illustrations on b/w kindle, jumps to answers on exercises) this was for me a required refresher course on how to read divergences. Kind of like taking google sky outside one night to re-tune your eyes to the constellations.
If you ever trade divergences then this is the book you must read, very clear and enough examples. I have traded a lot of divergence trades and now I understand why some of them have failed and the book gives you enough examples to understand which are not correct ry amazing price to value. You actually can implement his trading system to your trading. I highly recommend. Very profitable book.
I wish to congratulate Dr Elder on this short book. It's not a tome, and it could have more than what it has. For example it has no ysis of the rate of success of divergences.I have traded commodities for a long time now. When I started there were those who said to me that divergences were so important, but no one really defined divergences very well. Though visually divergent "setups" from the MACD for example, are simple to search they are not always divergences. And it is a fact, in my anecdotal experience, that divergences are more valuable than such divergent setups. They are significantly more is is the one thing that Dr Elder addresses in this book in an simple to understand manner. Others, for example Charles Kirkpatrick in "Technical ysis", go into the topic more in depth but leave the reader with less than amazing confidence as to how to practically use these ere is no value in writing something long without adding value. This is not a long book, but it's valuable. It's not complete, and it's not fancy, but it has something worth while. There are a lot of tricksters, a lot of fancy system people that wish to sell you something that will cost you a lot. My advice? Buy all the little things of value, test them out and learn on your own.And I was not compensated of course. I'm not a one time reviewer and I don't normally give particularly high ratings.
I certainly liked this book, but Dr Elder's ver of the MACD divergence was very various from what I had learned from other books and videos. You look at the histogram rather than the MACD line. I am in the early process of learning how to trade, so every variation helps.
I am a amazing fan of Dr. Elder's work. This writing seems more like an essay than a book; however it is well done and full of amazing ideas as always. “Two Streets Diverged” reminds me of updates or excerpts for an updated edition to an earlier work. The price is right and the info is right on.