Divergence


posted by bprakash on Thu Nov 01, 2012 03:45 am

#1
Image

posted by bprakash on Thu Nov 01, 2012 03:46 am

#2
Interested persons may reaad a book by Alexander Elder "Two Roads_Diverged Trading Divergence"

posted by bprakash on Thu Nov 01, 2012 03:55 am

#3
For entry i use a candle close above ema8 on the same chart.Stoploss some points below recent low

posted by bprakash on Thu Nov 01, 2012 04:04 am

#4
Image

posted by bprakash on Thu Nov 01, 2012 04:05 am

#5
Ranbaxy: see that the fall and up were followed after MACD divergence

posted by bprakash on Thu Nov 01, 2012 04:12 am

#6
Image divergence is there but adx still strong so one may remein invested with a stoploss

posted by bprakash on Thu Nov 01, 2012 05:34 am

#7
Image

posted by saamuu on Fri Nov 02, 2012 04:02 am

#8
good picks prakash ji..carry on..anticipating more help for us from u

posted by bprakash on Fri Nov 02, 2012 04:53 am

#9
Thankyou Saamuu Sir.

posted by bprakash on Sat Nov 03, 2012 02:57 am

#10
Image For divergence three mountains are necessary as shown by a,b,c.It is necessary that there should be atleast one bar of MACD histo(12,26,9) at mountain b above zero.For buy it is not necesary that histo cross zero line in mounatin c.One blue bar in histo(see description) is sufficient.This is the trade setup described by "Elder".Stoploss is also mentioned.

posted by bprakash on Sat Nov 03, 2012 02:59 am

#11
How to post a pdf file here???

posted by bprakash on Sat Nov 03, 2012 03:05 am

#12
Image

posted by kailash on Sat Nov 03, 2012 03:33 am

#13
pls post the pdf link

posted by bprakash on Sat Nov 03, 2012 03:37 am

#14
Kailash: see the right of Equity chat room. ABB is next potential target condition mentioned in the chart Image

posted by bprakash on Sat Nov 03, 2012 03:42 am

#15
In abb CHArt above there was also a + div on 18.10.2012(see a small blue line left of verticle line), in this case the stoploss was hit.

posted by saamuu on Sat Nov 03, 2012 03:56 am

#16
nice post prakash ji,, u can upload in www.mediafire.com and post the link here, one more easy option there, click on post a reply button..then below the dialouge box there u can see upload attachment option click the tab and select ur file and upload

posted by faizor on Sat Nov 03, 2012 05:00 am

#17
grt ones prakash ji sir dont mind but if u give details on how to trade with divergence im sure many will be benefitted

posted by bprakash on Sat Nov 03, 2012 05:16 am

#18
Thanks Saamuu Sir, for seeing my posts :) WW and -ve div in divis labs Image

posted by bprakash on Sat Nov 03, 2012 10:29 am

#19
Faizor Ji thanks, for entry/stop i simply follow the rule described by Alexander Elder in his book Two roads diverged. I have also seen that ema 8 works well for entry.I will post some examples later

posted by faizor on Sun Nov 04, 2012 06:15 am

#20
grt one bprakash really hatss off to ur hard effort for us


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