i really confuse to use macd. how to use it? please give me suggestion
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DislikedBcos this guy just doing badly even with indies, thats y he say indies = useless. U ever seen a fool cut himself by knife then keep telling ppl "Knife is useless shxt.." just my 2 cents as wellIgnored
Disliked......I got to a point of wealth where you'll never be in your wildest dreams.......Ignored
DislikedI already said it in some other post somewhere here: no indicators will help you if you don't know the basis. Period. And the basis are these three things: what a trend is and how it works, what a ranging market is and how it works, and where you have your support/resistance. These things are universal. They work in all markets where there is enough demand and supply. Knowing these, and more over, knowing how to apply these, will make you profitable.
Now, I would say (and this is just my humbe opinion) that trendlines, fibs, and so on, are also indicators, they are also based on historical data. You draw your trend line based on the lower/higher lows/highs, which happened in the PAST. But they are forecasting indicators. Things like MACD, Stochs, CCI and so on, are lagging indicators, but they are not useless. THey also are based on historical data, and as long as you know how each of them works, combined with the basis (TL's, candlesticks, fibs, etc), you can catch quite good momentums and run into profit sooner rather than waiting in negative for hours and sometimes days.
Start with the basis, only then you'll understand whether things like MACD suit your strategy or not.Ignored
DislikedVery well put hanover. I totaly agree.
It's just a personal preference.
From my experience I can say that not using indicators has made
trading even easier! They distracted me from the price all the
time which got me in bad trades. I've also tested a strategy
where I usually have 2 indicators for confirmation. Without them
my results where even better.Ignored