Review: Good wealth of knowledge in this book!
Rating: 5 out of 5
Date: 05 11, 2014
I will start off by saying this book is packed with information, and great examples on divergence trading. John Wihelm breaks down this theory of trading in simple terms; SMA (simple moving average), EMA (exponential moving average), and why MACD should be chosen; it is because the highly useful indicator. Momentum trading, and trends to follow, are also discussed. This book provides a brief, but insightful outline on how to build a trading system using MACD, I found this to be very helpful. Examples of tracking long and short positions are detailed, regular divergence, bearish divergence, and hidden divergence is highlighted in this book. This book would be an excellent addition to a traders library. I highly recommend this book, great guidance!