okkievg@telkomsa.net
10-20-2008, 12:04 AM
Good morning Neal.
It is now 06:00 GMT on Monday 20 Oct 2008. I am looking at the daily chart and see that the MACD has crossed over to the upside. In your training video you say this gives us permission to buy. This currency is still in a clear down trend on the daily, making lower swing highs and lows. My question is - Which of the two indicators do I regard as the strongest and do I act upon, the Macd or the trend? because it might happen that I get to resistance on the 1h chart with a stochastic crossover to the down side while the Daily MACD gives a bullish signal. Do I trade the sell on the 1h or do I wait for the DAILY trend to confirm the Bullish MACD and then look to buy on the 1H (THIS MIGHT TAKE DAYS OR EVEN WEEKS). Thanks
It is now 06:00 GMT on Monday 20 Oct 2008. I am looking at the daily chart and see that the MACD has crossed over to the upside. In your training video you say this gives us permission to buy. This currency is still in a clear down trend on the daily, making lower swing highs and lows. My question is - Which of the two indicators do I regard as the strongest and do I act upon, the Macd or the trend? because it might happen that I get to resistance on the 1h chart with a stochastic crossover to the down side while the Daily MACD gives a bullish signal. Do I trade the sell on the 1h or do I wait for the DAILY trend to confirm the Bullish MACD and then look to buy on the 1H (THIS MIGHT TAKE DAYS OR EVEN WEEKS). Thanks