Good call... it was sitting right on the 50 day MA, I was interested to see which way it was gonna go today - bullish most of the day after a rocky start. Get well soon.
I have macd tuned to 12,100,9 to smooth things out, but entrys are still hard...so many false signals even with a smoothed out macd...how do you get around this?
Well the result for the week is expected given the behavior of the trader. 3% of the trades resulted in 80% if the losses. Sometimes I forget the value of Money and what a gift it is to be able to do well in any market from anywhere in the world. VERY controlled method in place from here on... Basically separating Trading from Analysis.
This doesnt really answer my question. And nothing is wrong with it except IMO i was getting too much wipsaws.
My opinion is for almost any MACD setting there are stocks that will show less whipsaws... You will end up tweaking setting forever. I can't help with this as I don't tweak settings as I have other things to worry about in trading. The key question is why you chose to leave the standard 12,26,9? There is always a compromise between over sensitivity and not enough signals..