MACD histogram, i.e. momentum, is sometimes helpful on the SPI 1 min chart for scalping 5-15 points. If Divergence on the MACD histogram as well, I go for a few more points (10-30). Other time frames should work as well.
Momentum retracements can be very shallow in trending markets so don't rely solely on the indicator. I often exit at quickly at breakeven if I don't like how the price moves after entry.
The MACD histogram/momentum signal can be used to get into a trend when price retrace a bit, or you can use it to enter in a trend reversal bet (particularly if you have a 2-4 peak divergence in the histogram)
Treggs; thanks for the idea of MACD crossover as an end of movement indicator. Might help me hold a bit longer which is a weakness I am working on a the moment
- Forums
- ASX - By Stock
- cycles n things
MACD histogram, i.e. momentum, is sometimes helpful on the SPI 1...
-
- There are more pages in this discussion • 112 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,255.6 |
Change
-10.600(0.13%) |
Mkt cap ! n/a |
Open | High | Low |
8,266.2 | 8,266.2 | 8,215.8 |
Featured News
XJO (ASX) Chart |
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Michael Thurn, CEO & MD
Michael Thurn
CEO & MD
SPONSORED BY The Market Online