I needs a small help on MACD (24,52,18) M30, i’m depending on it with few other indicators in my trading. It’s really helpful.
but i’m facing small problem when a divergence happen. I need to know how to know that there is a divergence upcoming ?
Another question for old traders, how to do you foresee trading in January ? does it respect the technical analysis, S&R, indicators ? i’m asking this question because i had a bad week in December, really a bad week specially on 31st of December !
For me, if it is based on moving averages, then its only good for identifying trends. MACD will tell you that a convergence or divergence had come up but it won’t tell you if there’s one coming up… No indicator can totally predict the future, because they’re all based on what already happened, it can give you probability but not exactly tell you when will the div/con will happen. What I mean is like dealing same with support and resistance, price could penetrate through or bounce off, and no one can tell exactly when it will happen and how its gonna happen, but we know there’s a big probability that if it bounces it could be a start of reversal, or if it got through that it will continue so… Go with the flow on your entry, do not anticipate the change, like they said go with the trend, trend is your friend, wait for confirmation…etc. You may also get good result combining your indicator with candle chart reading patterns on support and resistances for possible confirmation if your indicator had really started already its change direction. Learn price action or naked trading too, it might help you. - just my two cents.
