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Trading week analysis

15 minutes chart --> Click to enlarge :

From hindsight, MACD has mapped out the most profitable days to be Tuesday and Thursday. The slope of the MA generally coincides with price action. When it is upward sloping, price is in a uptrend, and when it is downward sloping, price is in a downtrend. However, I warn against using the 15 minutes chart for real-time trading, 15 minutes is considered a tremendous lag in day trading. We should only use the 15 minutes chart for confirmation of the generation direction only. You should also learn to identify and avoid flat market conditions. Do risk your money if you can tell where the market is going.

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