Teachings come from Eric Muathe's MACD playlist on youtube. I highly recommend.
You will note that the most recent buy signal was a good one because the cross occurred outside of the trendline. We know this tends to be a good signal from back testing.
Always draw your trend lines when using MACD. Sometimes you will that they are not that helpful. For example I drew a trendline from essentially the start of the MACD and connected it to several points as it rallied. It had a trendline break which you could have sold because of; But it was not that strong of a signal. You would want to stay long instead. It got you out one week before the bottom (from 65 to 55).
This was just for practice for me.
Make comments if you have any.
You will note that the most recent buy signal was a good one because the cross occurred outside of the trendline. We know this tends to be a good signal from back testing.
Always draw your trend lines when using MACD. Sometimes you will that they are not that helpful. For example I drew a trendline from essentially the start of the MACD and connected it to several points as it rallied. It had a trendline break which you could have sold because of; But it was not that strong of a signal. You would want to stay long instead. It got you out one week before the bottom (from 65 to 55).
This was just for practice for me.
Make comments if you have any.
-If you find this idea interesting please leave a like
-Follow for more
-Comments are always welcomed and appreciated
-Follow for more
-Comments are always welcomed and appreciated