CURRENCY TRADING STRATEGY NUMBER SEVEN AND EIGHT

Posted by yan manik Wednesday, February 4, 2009 1 comments
Currency Trading Strategy Number Seven

If MACD is trending down on the 15 min chart, and price is wanting
to go north, price will sooner than later head south as it perhaps
bounces off a pivot point, or gets turned around at a juncture caught
by one of the other three “tools” you should be using (“reading
bars,” MACD divergence, or trendline analysis). Same thing if MACD
is trending up, and price is trying to head south.


Currency Trading Strategy Number Eight

Only use MACD for divergence, not for buy or sell signals. It is a
lagging indicator, and as such is useless as a trigger. It is too slow
for that in the forex world.
Page 2 of 24 MoneyTec Active Traders Community Forums™ - 80 Trading stategies for forex
9/15/2004 http://www.moneytec.com/forums/showthread.php? Postid=67458\


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1 comments:

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