MACD/Divergence Trading: How to Build a Profitable Trading System Using Moving Average Convergence-Divergence
| Author | : | |
| Rating | : | 4.31 (726 Votes) |
| Asin | : | B00JST8VLE |
| Format Type | : | |
| Number of Pages | : | 524 Pages |
| Publish Date | : | 2014-08-01 |
| Language | : | English |
DESCRIPTION:
Meh If you're going to write a 20 page book you should at least know how to read the months on the chart you're explaining. Book doesn't really teach you how to build a system based only on MACD. It does provide two simplistic models but even those have only 2 MACD components - they also include stochastics and candle reading which are not explained. Talks high level about various purposes of MACD beyond that but nothing particularly pragma. "Very mis-leading title, not AT ALL about building a trading system" according to D. Lewis. For all intents and purposes, it's a book about an indicator, not building a trading system. When building a trading system, you need methods to: identify entry points, place protective stops and set profit targets. This book only shows cherry-picked entries using MACD and speaks nothing of how to set protective stops or profit targets. Entries shown are for trend continuation after a pullback and spotting possible reversals (i.e. diver. Generating Profit with a MACD based Trading System Moving Average Convergence/Divergence was developed by Gerald Appel in the late 70’s. It is one of the most popular technical indicators in trading. The MACD is appreciated by traders the world over for its simplicity and flexibility because it can be used either as a trend or momentum indicator. The concept behind the MACD is fairly straightforward. Essentially, it calculates the difference between an instrument's 26-day and 12-d
How To Build A Profitable Trading System Using Moving Average Convergence-DivergenceNumerous Detailed Diagrams, Candlestick Charts, and Specific Examples IncludedIn this book, you’ll learn about a simple, proven method of trading based on MACD. Not only will you learn what Moving Average Convergence-Divergence is but you’ll be taken—step-by-step—through how to put together a trading system based on MACD to help you generate consistent trading profits.Here are some of the specifics you'll learn- What MACD is and how it works, including detailed explanations of