InvestorsHub Logo
Followers 15
Posts 1061
Boards Moderated 0
Alias Born 03/18/2007

Re: Omnitrader post# 1259

Thursday, 11/29/2007 9:59:52 PM

Thursday, November 29, 2007 9:59:52 PM

Post# of 23155
Very informative, thank you! A question or two:

I am a novice chart reader and even MORE novice trader, so bear with me. :) It appears you are recommending selling when the "slow" red Macd line crosses a downtrending "fast" blue Macd line. If one did that, wouldn't one be selling AFTER the top had been reached, and it was trending downwards somewhat significantly. This doesn't really seem to be selling at the "top", but more like selling after establishing a downtrend. Granted, one would still be making a profit, but not quite as high as one might hope for at the peak of a run. Am I seeing that correctly, or could you extrapolate a bit for me if you have time?

Also, do the same rules apply when looking at a 30 minute chart such as this
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24731648
and if so, which macd would you use, a fast or slow?

Would appreciate it!
GLTU and thanks!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.