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The Secrets Of Pro Traders Book
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Discover the 7 Secrets that Pro Traders And Banks Don't want You to know.
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Double and Triple Your Current Profit.
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Scale up Your Trading to the next Level.
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Discover the Secrets of Pro Trading.
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The MACD Secrets
The MACD is one the most reliable indicator out there and a lot of Pro traders that I personaly know use It as a main indicator for their trading, However in the system that I will uncover in this book the MACD will be used as a tool that will help us Identify better entries and help give us more confirmation when its time to pull the trigger and open the trade.
MACD Definition:
The MACD stands for Moving average Convergence Divergence, and from the name you can already deduct that the macd is an indicator that uses the moving averages lines to find divergence and convergence of the price, and this indication will be very useful to identify the strength of the trend as we will discuss later. the macd can be used to find entries also using the macd crossover technic which will we will discuss as well.
MACD Divergence and trend :
The macd divergence is good indication for the strength or the weakness of the trend.
Bullish Divergence:
MACD divergence define the strenght of the trend. Typically the MACD should follow the trend which means that when the market is trending up and creating higher highs as we discussed in the trend section, the MACD should as well create higher highs. But when the MACD does not follow the Trend and instead creates a low when the trend is creating new highs that give an indication that the trend is near to reverse, and there are less buyers to push the price further up.
Bearish Divergence :
Typically the MACD should follow the trend which means that when the market is trending down and creating lower lows as we discussed in the trend section, tha MACD should as well create lower lows . But when the MACD does not follow the Trend and instead create a higher low when the trend is creating new lower low that gives an indication that the trend is near to reverse, and there are less sellers to push the price further up.
MACD Lines Crossover:
The macd has two moving averages lines:
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Faster line: moves faster and follow the price change in a faster way.
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Slow line: moves slower and follow the price in slower way.
When the two line cross this is a good indication that traders use to take trading decision as we will discuss.
Bullish MACD Crossover:
In an Up trend, when the faster line crosses the slow line to the up side, as you can see in the example below, Pro traders take that as a good confirmation of the up trend continuation, and they can open a buy trade at the close of the candle after the crossover happen.
Bearish MACD Crossover:
In an down trend, when the faster line crosses the slow line to the down side, as you can see in the example below, Pro traders take that as a good confirmation of the down trend continuation. and they can open a sell trade at the close of the candle after the crossover happen.
Note:
Use these proven settings when you using that macd (9,18,34)
Pro Tip:
Using the MACD can be very profitable as we will discuss later on, how ever lot of Pro traders prefer to use tools that will make their trading easier, and the MACD Alert is one of these tool used as well by lot of traders in my community:
Try The MACD CrossOver Alert Indicator
Benefits:
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Get Alerted at the MACD Lines Cross.
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Get Alerted when the MACD line Cross the zero line.
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Get Alerted in the MT4/MT5 terminal with info box and sound.
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Get alerted by phone notification.
