XJO 0.02% 8,224.7 s&p/asx 200

friday trading, page-236

  1. 616 Posts.
    It's a potential signal for a big rise or fall in value, particularly in indices and forex trading that Winkinatcha named.

    Wink, correct me if I'm wrong, but basically you look at the moving average convergence/divergence (MACD) on both a 1 minute and 5 minute chart to see if there will be a big break in either direction.

    I'm only starting out, but it seems to be quite successful based on when Wink has posted.

    I also use the the relative strength indicator (RSI) to cross-check the potential for the move.

    Good luck.
 
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