using the macd cross and divergence the 12 26 ema's cross volume and options not stock
clutch you have to practice the MACD and the divergence
12 26 ema's only
i only get in a short position if the 12 goes under the 26 on a 15 min chart
and a long position if the 12 goes above the 26
also the 30 and 60 min have to be showing weakness in the direction im trading against
and i only trade stocks with big beta's
until the candles trade above the 12 26 on the 15 min
never get out, until the 60 min weakens
use the fibos for targets
clutch i enter the trade when that happens on the 15 min chart
i watch the 60 min MACD to get weak, when the MACD and the signal start coming together
On a daily if the stock is trading under the zero line on the MACD and the macd is trending down
if the distance between the macd line and the signal is getting wider there is strong buying
when that 12 26 cross on the 15 min and the macd crosses under the zero you check the 30 and the 60 to see if they are getting weaker
you dont exit your position until the 60 min MACD starts to show weakness
then you use the options to limit your risk big time
watch the 15 min es to test the strategy live
macd has to head below zero
Tuesday, December 16, 2008
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