Trading MACD divergence, if done correctly, can provide you with a real edge in the market. It can be a powerful early indicator of trend reversals when combined with another trading system β preferably a system based on leading indicators.
MACD divergence isnβt foolproof. This technique does not work well in range bound markets, and on its own MACD divergence will often give you many false positives. This is especially true when the market is trending strongly in one direction for an extended period of time.
It is important to only trade divergence signals that occur during periods of distinguishable higher highs or lower lows in price. Strong, parabolic moves in price, in one direction or another, with little to no retracement, do not make good divergence signals.
Are you trading MACD divergence correctly? Hopefully, this article shed some light on any mistakes you might be making with this popular trading technique. Like anything else in trading, you canβt expect to be an expert divergence trader overnight. Be sure to do plenty of backtesting and demo trading before trying any new trading strategy in your live account.
MACD divergence isnβt foolproof. This technique does not work well in range bound markets, and on its own MACD divergence will often give you many false positives. This is especially true when the market is trending strongly in one direction for an extended period of time.
It is important to only trade divergence signals that occur during periods of distinguishable higher highs or lower lows in price. Strong, parabolic moves in price, in one direction or another, with little to no retracement, do not make good divergence signals.
Are you trading MACD divergence correctly? Hopefully, this article shed some light on any mistakes you might be making with this popular trading technique. Like anything else in trading, you canβt expect to be an expert divergence trader overnight. Be sure to do plenty of backtesting and demo trading before trying any new trading strategy in your live account.
Guys you can read more about MACD Divergence, its a great tool.
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Forwarded from WCSE Channel DEAD RM
[========PIVX=========]
Symbol: PIVXBTC
Buy: 0.000515 - 0.000535
Sell Targets:
T1: 0.000625
T2: 0.000720
T3: 0.000825
Stop Loss: 0.000432
Duration: Medium/Long Term
Exposure Level: 10%
https://invst.ly/6tci3
Symbol: PIVXBTC
Buy: 0.000515 - 0.000535
Sell Targets:
T1: 0.000625
T2: 0.000720
T3: 0.000825
Stop Loss: 0.000432
Duration: Medium/Long Term
Exposure Level: 10%
https://invst.ly/6tci3
BTC Levels to watch are: 11,100, 10,850, 10,270, 9650, 9270, 8900. Thosea are the level to watch closely for possible PA.