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Re: SPX E-Mini Macd Oscillator as indicator/*Trend *PIC*
Posted By: hunter In Response To: Re: E-Mini (trend)
Date: Sunday, 8 November 2009, at 4:22 a.m.
Deleted previous post because I forgot to pinpoint the best part in the pic. What is going to happen next?....
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Hi Trend.
I posted a pic and comments in regards to the video you posted and it I was a bit confronting. - In my post to you I was saying that it was incorrect to do what the person in the video was doing with the Macd, as if only my way is the correct way LOL What? may way or the highway? God, Am I getting old so soon? Can't accept new concepts or ideas? Test new ideas by experimenting, exploring? HmmmmTrend, I did some testing in the way he presented it and it works in some cases, maybe a little more adjusting here and there, the concept could eventually work well.
You do get some good results by just following the simple setup shown in the pic below.
The Macd in the video is giving a warning. A negative divergence is unfolding and in the video it shows the Macd is currently testing the "0" line. Notice that the Daily SPX is also testing a little resistance as the short term Macd is testing the "0" line upwards?
The Macd is saying: Warning "possible" trend change here. Please keep your pretty eyes open because the stuff is gonna hit the fan and I promise you ain't gonna be Hershey's, you can tell by the aroma.......
If you want to print this message, you might have better results, and waste less paper if you print this printer friendly page.
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