clam61
92 posts
msg #44243
- Ignore clam61 |
5/26/2006 6:50:23 PM
Positive divergence: RSI is making higher lows and price is making lower lows. Bullish sign
Negative divergence: RSI is making lower highs, and price is making higher highs. Bearish sign.
What about this. Is this significant?
1. RSI making lower low, but price lows are equal or increasing.
2. RSI making higher highs, but price highs are the same or decreasing
|
nikoschopen
2,824 posts
msg #44247
- Ignore nikoschopen |
5/26/2006 7:31:44 PM
Clam,
I applaud your enthusiasm for higher understanding, but your time and effort will be better spent if you do some actual reading. There are countless books on the subject of technical analysis, of which you might want to start with some of the household names like Martin Pring, John Murphy, and the like. If you would like a more comprehensive listing of authors and titles, I would be happy to oblige.
With regards to the above question, query Google for "hidden divergence".
|
clam61
92 posts
msg #44262
- Ignore clam61
modified |
5/26/2006 11:08:40 PM
yes please any and all info is welcome
thanks for your help
update:
awesome! i searched for hidden divergence and found soem great info.
every day after i daytrade i print out the chart along with indicators and study and try to notice pattersn in indicators and candles around missed opportunities and mistakes i had.
this "hidden divergence" is something that i noticed, but since i have only been doing this for about a week i was not sure if what i noticed was a coincidence or not.
it makes sense, however, from the perspective that RSI is trying to gauge momentum.
|
nikoschopen
2,824 posts
msg #44275
- Ignore nikoschopen |
5/27/2006 3:16:00 PM
Here's a brief list of writers who have become household names among the community of techies, or so I'm told. At any rate, the list ain't exhaustive but I chose the most pertinent books (methinks) that should be pleasing enough to whet ure appetite.
___________________
Jack D. Schwager
-Technical Analysis
-Getting Started in Technical Analysis
John J. Murphy
Technical Analysis of the Financial Markets
Martin Pring
-Introduction to Technical Analysis
-Technical Analysis Explained
Bruce M. Kamich
How Technical Analysis Works
Robert D. Edwards & John Magee
Technical Analysis of Stock Trends
Richard W. Schabacker
Technical Analysis and Stock Market Profits
Thomas N. Bulkowski
-Encyclopedia of Chart Patterns
-Trading Classic Chart Patterns
Steven B. Achelis
Technical Analysis from A to Z (can be accessed free from the Internet)
Steve Nison
-Japanese Candlestick Charting
-Beyond Candlesticks : New Japanese Charting Techniques Revealed
|
alf44
2,025 posts
msg #44288
- Ignore alf44 |
5/27/2006 6:36:55 PM
...nice list...
I own most of those myself !
I have a few I could add also...if there's interest.
Regards,
alf44
|
nikoschopen
2,824 posts
msg #44296
- Ignore nikoschopen |
5/27/2006 7:06:06 PM
Alf,
I believe everyone should pitch in to the above list. This will help the neophytes and the seasoned pro alike.
|
poindexter
21 posts
msg #44360
- Ignore poindexter |
5/29/2006 7:04:12 AM
On Swing Trading - Dave Landry
O'Neil, William J. - How to Make Money in Stocks
Alan Farley - The Master Swing Trader
Fischer, Robert - Fibonacci Applications & Strategies For Traders
Ross, Joe - Trading by the Book
Come in to My Trading Room - Dr. Alexander Elder
Street Smarts - Raschke & Connors
|
alf44
2,025 posts
msg #44365
- Ignore alf44 |
5/29/2006 11:35:37 AM
...well...a few I like (in addition to the nice list(s) already posted) include:
Trader Vic - Methods of a Wall Street Master by Vic Sperandeo
The Stock Trader - How I Make a Living Trading Stocks by Tony Oz
The NASDAQ Trader's Toolkit by Rogan LaBier
Better Stock Trading - Money and Risk Management by Daryl Guppy
Long Term Secrets To Short-Term Trading by Larry Williams
The Trader's Edge by Grant Noble
Market Wizards by Jack D. Schwager
New Market Wizards by Jack D. Schwager
These are not really Technical Analysis books per se...but good reads nevertheless...
Regards,
alf44
|
nikoschopen
2,824 posts
msg #44392
- Ignore nikoschopen |
5/29/2006 9:45:27 PM
I've just created a separate thread for this topic in the general forum.
|
as214
184 posts
msg #44394
- Ignore as214
modified |
5/29/2006 9:57:31 PM
1. The little blue book that beats the market by Joel Greenblatt
2. The Intelligent Investor by Benjamin Graham
|