Comments on: 12-7-2006 Daily Trading Lesson http://www.wilytrader.com/12-7-2006-daily-trading-lesson/ One analyst's blog offering investment analysis and trading tips Tue, 24 Jan 2012 01:43:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Alfred Chew http://www.wilytrader.com/12-7-2006-daily-trading-lesson/comment-page-1/#comment-3021 Alfred Chew Sat, 09 Dec 2006 05:44:27 +0000 http://www.wilytrader.com/12-7-2006-daily-trading-lesson/#comment-3021 I think trading using Divergence alone is too risky. The Divergence itself can come from Stochastic, MACD, RSI and many others. Which one can we actually refer to in the short, medium or long term depends on many other factors. I feel that Trend Lines, Support/Resistance Line, triangle Break-Up and Box Trading are equally important. Next we have to consider Fibonaci Retracement and Elliot movement for prediction which would actually harness better footing for the trade. Happy Trading. Alfred Chew I think trading using Divergence alone is too risky. The Divergence itself can come from Stochastic, MACD, RSI and many others.
Which one can we actually refer to in the short, medium or long term depends on many other factors.
I feel that Trend Lines, Support/Resistance Line, triangle Break-Up and Box Trading are equally important.
Next we have to consider Fibonaci Retracement and Elliot movement for prediction which would actually harness better footing for the trade.
Happy Trading.

Alfred Chew

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