Cabbie explained it well. As you say, buying on MACD alone is not a good idea. As most others would do, they are used as a prompt to check the chart in conjunction with other preferred indicators/candles/patterns.
I like to keep those with MACD cross either above or below the signal line on a closer watch list providing the chart looks ok. I've had a few good runners with those crossing below the signal line, but, could just be a stroke of luck. I've never actually sat down and worked out the averages and likelihood of those that go on the watch list that go on to make a decent gain based on the MACD alone. Would be a bit of a time consuming mission and probably not worth the time, as many are false starts/leads based on a lagging indicator.
- Forums
- ASX - Short Term Trading
- XAO
- Short Term Trading Weekend Lounge: 6 -8th Apr
Short Term Trading Weekend Lounge: 6 -8th Apr, page-67
-
- There are more pages in this discussion • 76 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 XAO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,002.8 |
Change
-20.100(0.25%) |
Mkt cap ! n/a |
Open | High | Low |
8,022.9 | 8,022.9 | 7,898.0 |
Featured News
XAO (ASX) Chart |