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Hi Jim,
Yes, that one only just made it past the 20ema, but the one this morning had
a good 5 handles in it and raced right past the 20ema before retracing 62%
of the whole move up. Looks like it's trying to fill the gap now.
Regards,
Andrew
----- Original Message -----
From: Jim Johnson
To: Andrew Nopper
Sent: Wednesday, September 18, 2002 11:16 AM
Subject: Re[2]: [RT] flags vs divergence
Hello Andrew,
actually that is an excellent example of a simple but easily
overlooked (by me anyway) technique. the SP contract on 5 min bars
did this exactly. BTW--Linda Raschke teaches that when you get a
divergence, the first expected target is the 20 EMA. So when you've
got a signal, it puts together a reasonable counter trend trade--stop
loss at low near trendline break to the upside, take profits or half
of them at 20 ema.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Tuesday, September 17, 2002, 6:35:25 PM, you wrote:
AN> I'm not very good at putting examples together, but here's one showing
AN> divergence confirmed by a break on close of the trend line.
AN> Andrew
AN> ----- Original Message -----
AN> From: Mikey
AN> To: realtraders@xxxxxxxxxxxxxxx
AN> Sent: Sunday, September 15, 2002 12:41 PM
AN> Subject: Re: [RT] flags vs divergence
AN> can you post a chart to be a bit more clear please???
AN> ----- Original Message -----
AN> From: "Andrew Nopper" <tradera@xxxxxxxxxx>
AN> To: <realtraders@xxxxxxxxxxxxxxx>
AN> Sent: Sunday, September 15, 2002 10:21 AM
AN> Subject: Re: [RT] flags vs divergence
>> Personally, I use a trend line break to confirm divergence. You might
also
>> try experimenting with a trend line break of the indicator itself.
>>
>> Andrew
>>
>> ----- Original Message -----
>> From: Mikey
>> To: ML ; RT
>> Sent: Saturday, September 14, 2002 11:45 AM
>> Subject: [RT] flags vs divergence
>>
>>
>> recently I have seen some examples of a potential divergence becoming
AN> a
>> flag pattern instead
>> is there some way that people know of to distinguish a flag pattern from
a
>> divergence that may actually be there but really was a fake out flag
AN> pattern
>> and a continuation rather than a reversal??
>> olmikey
>>
>>
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