General Trading Chat

[arsh22g]

For those who like indicators , see MACD on 5 minutes confirming trend change,along with break of downtrending channel.

NF 5 min

Can MACD be always used for this purpose, not mechanically but having a fair idea? If yes, on what TF as per your experience?

 

[sherbaaz]

I meant 3 min TF. I am scared of judging a change in trend so quickly, as it could be just a pull back to NS 7000 (BRN) level, so I asked.

What other parameters could have been considered to confirm the trend change?

for me price action reading is the only parameter i consider along with trend lines
but most imp is pa.

regds,
s

 

[amitrandive]

Can MACD be always used for this purpose, not mechanically but having a fair idea? If yes, on what TF as per your experience?

Not always but , whenever it gives a clear indication ,there is a strong trend.

I usually follow price action , on a 5 minute timeframe MACD also gives many whipsaws.

Check the box, price in a band, when price breaks that band and MACD confirms , there was a great bearish trend yesterday, and similarly today was the reversal.

NF 5 min

 

[arsh22g]

for me price action reading is the only parameter i consider along with trend lines
but most imp is pa.

regds,
s

Yeah, PA did give a long which I took, but didn't consider the corresponding NS levels (which was a very imp number of 7000) . So, was confused if it was a right long.

 

[sherbaaz]

Yeah, PA did give a long which I took, but didn't consider the corresponding NS levels (which was a very imp number of 7000) . So, was confused if it was a right long.

ok,
i dont watch any other chart(intraday) than NF as that wat i am trading.

regds,
s

 

[arsh22g]

Not always but , whenever it gives a clear indication ,there is a strong trend.

I usually follow price action , on a 5 minute timeframe MACD also gives many whipsaws.

Check the box, price in a band, when price breaks that band and MACD confirms , there was a great bearish trend yesterday, and similarly today was the reversal.

NF 5 min

I think a general observation can be that MACD is a good trend reversal indicator when it is further away (say >10 or <-10) from 0 on either side, what say?

 

[amitrandive]

I think a general observation can be that MACD is a good trend reversal indicator when it is further away (say >10 or <-10) from 0 on either side, what say?

Cannot comment on this , don't know.
But if you combine price action using support and resistance levels,trendlines along with MACD,you sure have a deadly combination.

 

[Fundootrader]

here comes the wave to take us higher --

 

[praveen taneja]

new low of the day coming now it looks jai ram ji ki
pure tukka view by a put holder

 

[Prataap_2013]

Europe markets open will give another signal