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HSI significant pull back! FX:HKG33 Look at 1H chart movement together with the MACD & KDJ indicator, the histogram for MACD line & signal line is getting weaker (you can see both indicators curve seems lower than the previous wave). We should monitor. marked the time zone where the index turned bearish for the 1H chart. There was no re-entry position as trading in Asia time zone. The significant pull-back continues when market re-open here. It's 10% pull back this morning. Well, this is a good chance to look at for a better re-entry level. However, we should be cautious to avoid catching falling knives 🗡 what we see from the 1H chart MACD & KDJ both are on the downtrend level/bearish red zone. However, we can look at the support level at 21580. If the index stays above this level then the uptrend is still intact. Otherwise, we could expect a more significant pull-back (cross-check with longer tf chart 4H,8H). For shorter 1H tf swing trade check the 8H Chart for support/resistance level Find support level at 21500-21700 and resistance level 22000 -22300 It has been climbing too fast and taking a break now. Personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable. Happy trading everyone! A pull-back is healthy for taking a breather.
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by ChenQianYu
The MACD explained ! All you need to know about it Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ In this video, I am gonna explain what is the MACD and how to use it and how to identify buy and sell signals using this indicator. So what is the MACD, The MACD is a trend-following momentum indicator (so a momentum indicator is a technical analysis tool that allows us to determine the strength or weakness of a stock's price movement ) There are a lot of people that use the MACD when they analyze charts because it's very simple and it's very good but I always say never just use 1 indicator to analyze a chart, always try to use at least 3 this way u can make sure that the result is more accurate and the market most likely to move as u analyzed. let's look at the theory behind the MACD before looking at a real-life example and how to identify buy and sell signals using this indicator : The typical settings for the MACD are 12 26 and 9. The MACD consist of 4 parts : 1) Zero line 2) MACD line 3) Signal line 4) Histogram We start off with our zero line and this is where the MACD line and the signal line move around and basically so if the MACD is trading above the 0 line then it's bullish and if it's under then it's bearish. Then we have the MACD line and it comes from the 12 26 section, and it gets calculated by subtracting the 26 EMA of the price out of the 12 day EMA of the price. And after that we have a second line that gets plotted from the 9 section so basically, it’s a moving average for the MACD line so it tries to smooth the MACD line and give us some signals and it's called the signal line.(it's called a signal line because that's where we get our buy and sell signals from) So on top of that, we have another part in this indicator which is called the histogram. So this histogram job is to show how close these lines will crossover, so when the distance between the MACD line and the signal line is far the histogram gets bigger and bigger. So how do we use this indicator : 1) Crossovers between the MACD line and the Signal line. * When the MACD line crosses above the Signal line then its a buy signal (Bullish Crossover) * When the MACD line crosses below the Signal line then its a sell signal (Bearish Crossover) 2) The Histogram . A lot of people use histograms as a way to predict when a reversal will occur. We know that the MACD is a momentum indicator so it can show us when sell pressure is low. And that means it might be a good time to buy. And It can tell you when your long position is about to run out of steam and when you should exit. 3) Divergences between the MACD and the Market Price . A Divergence means that the indicator is not moving in sync with the Market Price and a Reversal could happen (Note that Reversal trading is risky so please calculate your risks before using this Strategy) always remember that : Bullish divergence is when the Market price is going down but the MACD is going up. Bearish divergence is when the Market Price is going up but the MACD is going down. I hope I’ve made the MACD easy for you to understand and please ask if you have any questions . Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts and The RSI. links will be bellow
COINBASE:BTCUSDEducation
by GabiDahduh
18
MACD Indicator strategy to Increase Winnings(Beginners Friendly)Hi friends, today I bring you an educational video on how to us the MACD secret strategy to catch and filter trend signals. Thanks for constantly supporting use with your likes and follows QUICK RECAP OF THE STRATEGIES: MACD HISTOGRAM: *How to find and anticipate the MACD Signal cross before they happen, *How to use the histogram to predict Strong trend reversals *How to calculate the MACD *EASILY Confirm consolidation breakouts THE LAST ASPECT OF THE VIDEO please note: The last aspect of the video is how to use the TREND FILTER for BUY & SELL Signals to do this you will need to use the Higher timeframe for your entry. Using these two important criterial: 1, If higher timeframes MACD line crosses ABOVE the Signal line this shows that buyers are in control =BUY/ LONG Bias 2, If higher timeframes crosses BELOW the Signal Line , this means the Bears has taken power over the market = SELL/SHORT Bias so in other words, *if you trade 1Day Chart Timeframe, you will use the WEEKLy chart Timeframe to find MACD Cross for your entry. *If you trade 4Hours Chart Timeframe, You will use the DAILY chart Timeframe to find MACD cross for your entry *if you use 1Hr chart Timeframe, you will use the 4HOURS chart timeframe to find MACD cross for your entry Thanks for liking and your support. You can join the MFT house to improve and polish your trading skills for free.
by MachiavelliTrader
8
BTCUSDT 3 Chart Case StudyWe are going to study over the weekend how this pair moves. We have a 4H - 30m - 5m chart opened. We are going to study how price moves around our 50/100 sma We are going to watch how the macd moves around the macd 0 level line and the stoch 20/80 levels - blue dotted lines The 4H is in-between the 50 and 100 sma. This I call an inner range. it has no real direction or momentum. When price breaks out of the inner range it will have direction and momentum. Watch this pair over the weekend and make copies of your chart with the camera in the lower right corner. The 4H macd is above the 80 level. Price can go half way across to the 100 sma and fall back to the 50 sma because the macd is above the 80 level. Let's watch and see if it does. Price may just go across to the 100 sma so let's watch if that happens and what the macd looks like during that. If price does come back to the 50 sma two things can happen. It can break below the 50 sma and retest the swing low on the 4H. or price will try a second time to make it across to the 100 sma. Watch how the macd looks like during all of this and make sceenshots. We are not trading here we are just studing and educating ourselves how to use this indicator. As the 4H is doing all of this you want to be watching and documenting how the 1H and 5m charts look and how they are acting in these different situations. This is a great pair to teach you all of the ebb and flow of price and how the indicator reacts to it. You are watching on the 30m and 5m how price moves around the 50/100 sma and how the macd is moving around the 80/20 levels and the 0 level line.
by Tradingstrategyguides