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mwaseemtaqi  
#1 Posted : Wednesday, November 8, 2006 2:25:10 PM(UTC)
mwaseemtaqi

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Groups: Registered, Registered Users
Joined: 10/12/2006(UTC)
Posts: 19

Hi Guys,

I have been learning technicals for the last 3 months and have learned much.

Now I want to learn divergences by using methods of interpretation by using trendlines.

Let me know from where I can learn it? Is there any book about it, whats name?

Pls click on the following link and see trendlines used in a couple of momentum indicators.

http://www.trade10.com/Momentum.html

I want to learn how they measure it using lines?

Thanks

Regards

Waseem

Jose  
#2 Posted : Thursday, November 9, 2006 12:01:07 AM(UTC)
Jose

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Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth

Was thanked: 2 time(s) in 2 post(s)
Waseem, the problem with trendlines such as ones shown in your link's charts, is that they have been drawn in hindsight. This means that in real-time trading situations they simply would not exist, and thus trading decisions cannot be made. For real-time Momentum Divergence signals, take a look at this chart (updated daily) from the Divergence kit site. jose '-)
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