georgetok Posted October 2, 2015 Report Share Posted October 2, 2015 (edited) Hi, I am looking for Systems, ideas, articles & books on how to apply MACD in modern technical analysis. One of the book by it's original author ( Understanding MACD ), republished in 2008 seems pretty outdated & very basic stuff. I would appreciate any & all ideas, articles, systems using MACD & books. Please post Links or PM me links. Thank You George Edited October 2, 2015 by georgetok Quote Link to comment Share on other sites More sharing options...
Traderbeauty Posted October 3, 2015 Report Share Posted October 3, 2015 best idea i can give you is DO NOT USE LAGGING INDICATORS like macd and the rest of the family. They all look wonderful backward and you will find many amazing trades here and there- but at the end of the day specifically on a choppy day or a very strong move which is one directional where divergence is worthless you will lose everything you gained plus. so do yourself a favor and dont look for easy simple great and red solutions. just my two cents Traderbeauty-Jane georgetok, traderin, wcicom and 3 others 6 Quote Link to comment Share on other sites More sharing options...
georgetok Posted October 3, 2015 Author Report Share Posted October 3, 2015 Jane, You are absolutely right & I am not looking for just one indicator or for that matter any other lagging oscillators by themselves to come up with a holy grail. But I am open to any ideas that some of the very experienced, kind & helpful members that I have come across in this forum. This is one of a kind forum like no others. I am amazed how members are going out of their way to help others with their valuable time & as a moderator you are doing a fantastic job of keeping this forum for the purpose it was designed for. Looking forward to many visit & contribute whatever I can. Thank You Jane for your wisdom & hard work. George Traderbeauty 1 Quote Link to comment Share on other sites More sharing options...
cozy Posted October 10, 2015 Report Share Posted October 10, 2015 I've come across many paid services that use MACD as part of their indicator signals. They usually combine a fast and slow MACD together. They rely on finding divergences. This can work but it is very imprecise. It tells you that there is a trend. But the start and end of the trend can be very choppy. I have found stochastic indicators to be much better for exit and entries to a trend. Quote Link to comment Share on other sites More sharing options...
Day-Trader Posted October 10, 2015 Report Share Posted October 10, 2015 A weapon in the hands of the untrained doesn't necessarily qualify him as a Soldier. If you wield a sword, that doesnt equate you being a Samurai. What about the training on the methods of using this sword? There are indicators which can be useful to ones trading. Pick those which you favor and know how to use them to supplement your trading. Traderbeauty 1 Quote Link to comment Share on other sites More sharing options...
learningfx Posted October 11, 2015 Report Share Posted October 11, 2015 Well-said Day-Trader. People want to make $ by just reading a few books on trading, thinking they can trade next day without testing. While as doctor need many years of educations and practical training before they are allow to treat people. Quote Link to comment Share on other sites More sharing options...
Day-Trader Posted October 12, 2015 Report Share Posted October 12, 2015 (edited) agreed learningfx! Indicators are like any other tool, they are useful in the hands of those who understand how to use them. Edited October 12, 2015 by Day-Trader Quote Link to comment Share on other sites More sharing options...
learningfx Posted October 12, 2015 Report Share Posted October 12, 2015 Hi Daytrader Mind to share with us what indicator are you using. Thank Quote Link to comment Share on other sites More sharing options...
Day-Trader Posted October 12, 2015 Report Share Posted October 12, 2015 Hi learningfx, I have my own set of preferred indicators that I deal with depending on the type of trading I am doing; whether it is stock trading or forex trading. I also resort to trading without indicators when I am scalping and at other times, I do use a combo of indicators for scalping too. It's more about the context you are using the indicators in. Idea is to pick something and become proficient in using it. Quote Link to comment Share on other sites More sharing options...
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