Can this MACD strategy be utilized for long term? YES!
As noted I prefer day scalping with this MACD strategy. However can it be used as a long term strategy? Absolutely (and recommended longer trend traders). As seen here the MACD and signal line triggered a sell above the main 0.00 line. What followed was a 10 day solid short trend. Notice anything about the MACD and signal lines? Although there are multiple scalping opportunities below the main line we can also opt to ride the short trend until it crosses up through the main 0.00 line. A trend like this can be confirmed for future forecasts so the only pain trading long with this strategy. Pay attention to the 1 day and 4 hour charts for confirmation (I always prefer to trade on the 1 hour chart). Daily stop losses is a must for this strategy to be pace directly above your main line. Once this hits the long term trend will cease. Again this is specific to my MACD preferred indicator. All my points can be checked on any chart at any given long term trend initial buy or sell signal above or below the main line.
Check out my other MACD strategy posts. This particular profile will only target MACD strategy tips and ideas throughout the week.
Skip the telegram paid signals, skips the bots, and gibberish that plays propaganda in the mind. Most telegram services are mild scams in a way. In the past I have paid for several telegram service that don’t tell you about the premium whee the actual winning trades are posted. While there may some justice in the initial paid signup, will lose and be frustrated in the end. Youtube is your #1 best friend. There are countless forex professionals giving out free advice and strategies for days on youtube. ( I discovered Tradingview on youtube and changed my life in a 2 week period)Trading view is also your best friend. Legitimate ideas that individuals can extend their learning from. By far tradingview has the most accurate built in/customized indicators. Of you dig deep and analyze custom indicators that others have mastered, you then can develop your own indicators. It is scientifically proven that humans are best as visual learners hence why trading view paid Pro version is #1 and only recommendation for paid forex sources. Your third best friend is the news. Once you gather ideas and strategies you can correlate with the news and master your trading. Highly recommended is Forexfactory.com (for raw news) Dailyfx.com (for currency heatwaves and long/short percentages) and investopidia.com ( trade analytics). For beginners Investopida is prime to generate initial profit as multiple professional analytics are posted daily essentially telling you an entry point, take profit, opposite scenario, along with a clear visual forecasts (most all the charts posted are generated from Tradingview further legitimizing the platforms reliability.
Lastly losing is one of the most important parts of learning in FOREX. All of my information yielded from my drive to figure out why I was losing so much. I have only been trading for two months now (9+ hours a day studying practicing on Demos and losing in real accounts because I tried relying on signals with no research of legitimate confirmation on why I was placing trades. Hope everyone took the time to read this! I know its lengthy but for someone who has only been trading for 2 months I have learned ALOT!
HAPPY TRADING!
Check out my other MACD strategy posts. This particular profile will only target MACD strategy tips and ideas throughout the week.
Skip the telegram paid signals, skips the bots, and gibberish that plays propaganda in the mind. Most telegram services are mild scams in a way. In the past I have paid for several telegram service that don’t tell you about the premium whee the actual winning trades are posted. While there may some justice in the initial paid signup, will lose and be frustrated in the end. Youtube is your #1 best friend. There are countless forex professionals giving out free advice and strategies for days on youtube. ( I discovered Tradingview on youtube and changed my life in a 2 week period)Trading view is also your best friend. Legitimate ideas that individuals can extend their learning from. By far tradingview has the most accurate built in/customized indicators. Of you dig deep and analyze custom indicators that others have mastered, you then can develop your own indicators. It is scientifically proven that humans are best as visual learners hence why trading view paid Pro version is #1 and only recommendation for paid forex sources. Your third best friend is the news. Once you gather ideas and strategies you can correlate with the news and master your trading. Highly recommended is Forexfactory.com (for raw news) Dailyfx.com (for currency heatwaves and long/short percentages) and investopidia.com ( trade analytics). For beginners Investopida is prime to generate initial profit as multiple professional analytics are posted daily essentially telling you an entry point, take profit, opposite scenario, along with a clear visual forecasts (most all the charts posted are generated from Tradingview further legitimizing the platforms reliability.
Lastly losing is one of the most important parts of learning in FOREX. All of my information yielded from my drive to figure out why I was losing so much. I have only been trading for two months now (9+ hours a day studying practicing on Demos and losing in real accounts because I tried relying on signals with no research of legitimate confirmation on why I was placing trades. Hope everyone took the time to read this! I know its lengthy but for someone who has only been trading for 2 months I have learned ALOT!
HAPPY TRADING!
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