Multiple MACD and Stochastics in Action! --> $170 profits
5 Minutes Chart
Are you thinking of going long? DON'T EVEN THINK ABOUT IT! As I have said time and again, the market is in a downward bias. it only makes sense for you to short the market. In this trade which lasted for around 40 minutes, I demonstrate how you can use the Multiple MACD and Stochastics method for an accurate entry and exit signals. When used together with the candlestick movements, this method is almost IDIOT PROOF. However, you have to experiment with the parameters of the stochastic and MACD indicators. I have fine tuned and perfected the paramerters after years of trading. For a full discussion, please refer to Day Trade Emini for Regular Profits.. You might ask why is it IDIOT PROOF?
Well, see for yourself the areas I have circled in blue. Do they look like OBVIOUS turning points? YES? and if this is coupled with a strong downward candlestick, chances are price is moving down.