Trading Forex with Divergence on MT4/MT5 & TradingView (Forex, Forex Trading System, Forex Trading Strategy, Oil, Precious metals, Commodities, Stocks, Currency Trading, Bitcoin) - Softcover

Brown, Jim

Softcover

ISBN 10: 1541214366 ISBN 13: 9781541214361

Publisher: CreateSpace Independent Publishing Platform, 2016

Synopsis

Jim's FOREX books are consistently ranked BEST SELLERS on Amazon and there is a very good reason for this. At no extra cost (or on-costs) Jim shares with his readers:

• His custom indicators for the MT4 MetaTrader platform, as a download at the end of the book. AND anyone who has received these indicators will also receive the MT5 version of his files when they have been programmed.
  
• An invitation to join his Facebook Group which has new as well as experienced Forex Traders contributing.
  
• Daily interaction in his Facebook Group
  
• He calls his trades live, shares his results AND records a weekly trade analysis video.
  
• His contact details if you require further clarification.
  

While Divergence may sound a little technical and intimidating, Jim assures you that it is easy to understand when you know what you are looking for. Some even consider Divergence to be a leading indicator. Basically, it is the difference between what the actual price on the chart is doing and what an Oscillator type indicator is doing. This book will use the same principles as his MT4 High Probability Forex Trading Method, but it is a stand-alone book and concentrates more on trading with Divergence. Jim has no affiliation with any links included in the book and there are no up-sells or ongoing costs for this method, his custom indicators, template etc. Also worthy of mention is that this Method can be used with any other financial instrument that your MT4 platform offers.

Here is an outline of what is included:

1. A downloadable package which includes Jim's personal custom indicators:

QQE ADV.ex4

QMP Filter 1.01.ex4

P4L PeriodCon 509.ex4

MACD_Platinum.ex4

MACD Platinum Book.tpl

Forex Multiple Trade Calculator.xlsx

2. 50+ images to explain Forex Trading using divergence (access to download/print)

3. A video with instructions on how to load the template and indicators to your MT4 platform.

4. The Table of Contents outline includes:

What Is Divergence?

Setting Up The Charts

The Basic Concept Of This Trading Method

Trading With Divergence

Some Observations About Divergence

Various Examples Of Divergence

Entering A Trade After Divergence Has Been Identified

Trade Examples On The GBP/JPY 4hr Chart

‘Tight' Divergence

The Smart Way To Trade This

Stop Loss Placement

Trade Re-Entry Technique

Trend Losing Steam And Time To Take Action

Divergence Formed On The Wrong Side Of The MACD Platinum Zero Level

Trade Management

High Risk Money Management Technique

What people are saying:

This book is very informative and presents a nice trading strategy that is easy to understand. The author also supplies a link to the indicators he uses which can be downloaded for free. One of the best Forex books I have read! - Dave C

I would definitely recommend this book. There are many indicators and all kinds of trading strategies. However, getting to know about trading with divergence will give a big heads up whats coming next. - Erdene-amgalan

Top notch! This book, like all other previous Jim's book I read, is simply great. Very simple to read with plenty of trade examples. With some basic trading notion this book is certainly a great help. It's good to have it in my own library. I would certainly suggest it. - Valerio M

About this title

About the Author

I became interested in the Forex markets in 2002 after attending a stock trading meeting at a private residence. One guy announced that he had made a killing by trading the Yen against the US dollar. Who knew that the individual on the street could even trade currencies? Up until then, it was only the banks or wealthy individuals with access to this type of trading. A whole new industry was born.

At first there weren't many reputable brokers around, their platforms were unreliable, spreads were huge and the internet was dial up. Forums popped up and 'trading gurus' appeared.  There was money to be made by those who were were smart at the time, either by straddling the news releases or exploiting the carry trade. But brokers also got smarter and either shut these advantages down or created trading conditions that made it difficult to profit from.

My problem was, I listened to too many so called 'gurus' and got caught up in all the hype. Always thinking they were smarter than me as their systems were complex, and therefore must be better than anything I could come up with. So for a few years, I bounced around different systems, blowing accounts and giving back profits I had managed to make. There were good times and bad times, but I never gave up.

I soon realized that some of the 'gurus' were the real deal, and started to pay attention to them to see what they had to offer. I became smarter with my money management, got out of the day trading habit and generally simplified my trading methods so they were easy to implement and explain. I have also dabbled with building my own trading robots with mixed success and use them at times to assist me with my trading.

I now make a living from trading Forex, mainly off the 4hr or Daily charts. My systems are simple and profitable overall. I love trading Forex and I see it as having a huge potential to make some serious income. It is not as easy as some would make you believe, but if you keep it simple, control your money management, and be consistent, then there is no reason that you too shouldn't succeed in the world of Forex trading.

Patience, courage and discipline.....

Review

Jim'sBook, Trading with Divergence on MT4 is an awesome companion to the MT4High Probability Forex Trading Method - Clifton Mitchell
In this book, Jim goes on to explain in greater detail what divergence is and how to recognize it. He also provides many visual examples as well to help the reader. Divergence coupled with the already good indicators help to increase the probability of a potential winning trade. Also, with the purchase oft he book, you can gain access to the Facebook group where members share ideas and Jim updates the feed regularly with new potential trades.There is also a section where you can browse through documents and examples from the book saved in .pdf format for easy viewing. So far,the method has worked for me and I would encourage all to try it and see what it's all about!

Simple yet reliable method - Soran Bogdan
They say all the great things are simple. Same applies to Jim's books. I've read 2 of them, and to me they worth more than some expensive coaching I've had in the past. Simple, clear, concise, easy to apply. You get the strategy, the template, the indicators, plus you get author's support and access to an active Facebook group of traders - all for a tiny fraction of the cost of what others would charge. Most importantly, this strategy WORKS. I highly recommend this book.

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2016
• ISBN 10: 1541214366
• ISBN 13: 9781541214361
• Binding: Paperback
• Language: English
• Number of pages: 93