MACD crossovers, etc

This is a discussion on MACD crossovers, etc within the First Steps forums, part of the Reception category; Does anyone have any advice on the best way to use MACD crossovers? Also I was wondering how accurate a ...

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Old Jun 24, 2004, 6:56pm   #1
 
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MACD crossovers, etc

Does anyone have any advice on the best way to use MACD crossovers? Also I was wondering how accurate a bullish/bearish engulfing candlestick pattern is after an up/down trend? And has anyone had any success with either of these approaches to trading.

Thanks.

J
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Old Jun 24, 2004, 7:04pm   #2
 
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i think the best use of MACD is with divergence. The area between the 2 MA's are plotted above and below a 0 line, called a histogram. If price makes a new high but the histogram doesnt, then you are looking at a divergence. Combine with candlestick patterns and I think you'll find it decently workable. My favorite candlestick patterns are the engulfing, doji and hammers. The rest Im not too sure about.

Hope this helps
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