| Are you looking for a method that will show you | | | | indicator prior to the London open. It was extremely |
| when a currency pair is about to move up or down in | | | | accurate determining whether that day's session |
| price? There are plenty of indicators that can help | | | | would be trending up or down. |
| you with this. MACD analysis is one of them. | | | | I was fairly conservative entering trades. I would not |
| There are many different indicators available to a | | | | trade a session if the weekly chart trend and the |
| Forex trader. I've used stochastic, RSI, moving | | | | hourly chart trend did not match. I would also not |
| averages and a few others. I found that MACD was | | | | trade if MACD showed an upcoming trend reversal |
| one of the most consistent. When combined with | | | | on the weekly chart. I would wait until the reversal |
| proper candlestick charting skills, it's a great tool to | | | | happened before I would trade. |
| have in your arsenal. | | | | This indicator is very helpful when deciding to exit a |
| Like many indicators or oscillators, it monitors changes | | | | trade. I would always use trailing stop losses |
| in supply and demand. It is believed that when either | | | | however; there is a point where you need to tighten |
| supply or demand reaches a certain point, it will cause | | | | up your stops. Prices do not go in one direction |
| price to reverse. This happens over and over again | | | | forever. There's always a correction that will occur. If |
| with any currency pair | | | | during a trade I saw an indication on MACD that price |
| You can use this on any chart time frame. It can be | | | | momentum was running out of steam, I would then |
| used on monthly and weekly charts to help a trader | | | | tightening up my stops. This would help capture a |
| determine if the long term trend of a currency pair is | | | | few extra Pips. |
| about to shift. This is very helpful as it's wise to | | | | So that's how I used this popular indicator. If you are |
| always trade in the direction of long term trends. | | | | a manual trader, MACD analysis should be a part of |
| I would use it to help me determine the daily trend | | | | your trading tool kit. |
| direction of a currency pair. I would watch the MACD | | | | |