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How can I learn methods of interpretation by using trendlines.
Rank: Member
Groups: Registered, Registered Users
Joined: 10/12/2006(UTC)
Posts: 19
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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
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Rank: Advanced Member
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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)
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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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How can I learn methods of interpretation by using trendlines.
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