Yep, thats correct.
However, a second ordinary MACD could also tell you if you are "over the hill", ie the upper band price that you have listed could go higher still. (it is a very long candle). So an ordinary MACD could be used just to make sure you have reached approximately the highest point.
You could enter then. It is not necessary to hit the top but, obviously, the higher outside the BB you get, the more profit to you.
The danger is jumping in too early, without the use of an ordinary MACD. The price may walk the upper band leaving your entry way behind and then hitting your stop loss. So when the ordinary MACD has peaked you know that the walking has finished and you can enter safely.
Now at the middle band you set a trailing order to get as far past the middle band as you can.
My own charting program does trailing stops only on stop orders ie it does not work. So when it hits the middle band, I have to play it by ear.
Depending on how popular this thread becomes, I will post some charts.
Your 1 hour period is very long. It is going to take a long time for your profit to eventually appear. I would have thought 1\2 hour to be a maximum.
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