Forex past support and resistance
Who’s online There are currently 26 users online. Submitted by Edward Revy on February 28, 2007 – 14:40. Trading with MACD indicator is widely used by Forex traders. Let’s take a glance at the very basis of currencies trading with MACD indicator. We will need only MACD indicator with standard settings: 12, 26, 9. Any time frame as well as any currency pair can be used.
Exit rules: when MACD lines next crossover occurs. Advantages: very simple approach and can give good profitable entries. Traders may want to change MACD default settings depending on the currency and chosen time frame. Disadvantages: you will need to sit and monitor it again and again. MACD has little use in sideways trading market.