I am an intra day trader trading CFD's. I use MacD, EMA and price channels in my decision making when placing a trade. I have tested many time frames but consistantly miss trends in either direction. Could someone assist me with the best or more accurate time frame for the above please or should I use different indicators. Thank you in advance.
I trade CFD's on a weekly basis. The time scale currently is 22 days and 10 on occasion. So does MacD fall away completely? What must I use in it's place? Appologies if my termanology does not make sence, I'm trying to figure it out myself.
I also have a cfd portfolio. Whatever indicators and time-frame you are trying to use, do a back-test on what you determine to be buy-signals and sell-signals, for at least the past year or longer. Moving averages are lagging indicators, so they will not likely give you a signal at the point of a trend reversal, but will rather show you that a new trend may have developed, an existing trend is in tact, or that a trend might be comming to an end. For weekly trading, you might like to try the stockastic indicator.
rubbish. MACD is a measure of convergence or divergence of two moving averages. It is not a moving average itself. It can't even be plotted on the same axis. MA and MACD are two completely different things.
@ Preston - wahaaa... maybe your mother-in-law would be a more accurate indicator. I'm still not completely clear as what I should use. Rams has summed it nicely. I guess I will keep on testing until I find indicators that will work for me. Thank you al