MACD,yeah! lots of people made fortunes trading on macd,man..why use complicated models if one can stick to macd and make cash..I mean real cash! )) somewhat on that note:
It's laggy because when you look at the macd on the daily chart it might take a few days before it gives you a buy signal. When you look at the macd on an hourly chart it might take a few hours before it gives you a buy signal. You want to follow what's going on on the highest chart and buy when there's a good dip on the lower time frames
mr notafool, _what timeframe charts will you be looking at when you enter and exit trades? _how long would you think you might stay in a trade? _what product(s) do you plan to trade?
ahh i see makes sense but i can argue the benefits out weight the costs entering in hourly sure might not be laggy but it can bounce against you there is higher odds of that happening versus it continuing in the direction as the daily signal but i am with you
nice chart, how low? isnt it free now on equiities cant the same thing be done in equities your looking to do?
think of it as a set of rules , price action is important none the less but if 85 percent of tops or bottoms have xyz candle stick yet xyz candle stick occurs in other places besides tops then it becomes not so useful, ie doji for example
ya bro, people have made fortunes even using nothing, no indicators or anything, sheer luck even, trading doesnt need to be complicate it if thats what your implying, after all its like losing weight, eat less, exercise more, idk you but i would assume you wouldnt agree obviously based on ur comment.
Almost all my models have MACD on them, but used in either early trend or divergences with chart reverse pattern's or extremes of indicator going back 20 plus years on dailies.
I'm talking about the daily or weekly, these are the charts you want to follow. When you have a dip on the daily or weekly, then try to plan your position with a dip on the hourly or 4 hour.