Using the MACD to confirm momentum
The MACD indicator is used to filter out poor setups by confirming momentum.
For the purposes of the Zone Trade, momentum is considered good when the histogram makes higher lows or higher highs in an uptrend, and lower highs or lower lows in a downtrend.
When in an uptrend the histogram stops making higher lows or higher highs, or conversely, in a downtrend it stops making lower highs or lower lows, it is an indication that momentum is fading and our instrument is no longer ideal for the Zone Trade.
Catching Knives - Counter-Trend Trading Strategy
This trading course will teach you a counter-trend strategy, which is very powerful.
The 79% Pullback Pattern Strategy
When trading in the direction of the trend, the most profitable way to do so is to wait for a pullback – a temporary change in the direction against the trend, before it continues on. The 79% strategy uses a combination of Fibonacci, fractals and swing highs/lows to find the optimal point to enter into a trade.
10 Bar Breakout Strategy
This trading course gives you a very simple trading strategy which you can trade easily in the evening as a working person.