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Gold/Mining/Energy : Copper Fox
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From: louel1/19/2018 4:22:49 PM
   of 10654
 
Was sorting the results of the screen I mentioned and realized an improper MACD setting. when I came across EBC.T Not what I was screening for

It should read MACD Between 0.00 and -.04 And MACD above its Moving average. Then simply add your price range you wish to trade in plus Volume desired. Today there were 36 prospects mostly consolidations

When Macd is above its 9 day average it signifies there is accumulation going on even if the price is not rising. That is what MACD does. Just like near a top when the herd is buying. If Macd descends down through its 9 day average price normally always follows.

It also normally gives an early over bought signal. If you look at MACD before it makes crossover of the space between the macd and 9 average swells wider then swings back to do the cross in it's intended direction..

If you were to go back and check the CUU chart MACD was widening on the last week of the rise. Began it's decline when price was still $2.64 Then confirmed it was sell time making the cross down when price was still 2.54 to $2.60 but most thought it was to good to believe a couple of squiggly lines. Or perhaps they were just overlooked or wasn't sure how to read them. Been a few good trades along Cuu's bottom.

Indicators are trader or investors best friend when used properly. Well worth the time to get to know 4 or 5. Like a computer they calculate the action and can react before it registers visually. Like using Forensics in your trading.

I'v studied and use a few different indicators some not in their normal format. Macd is one. If anyone has a strategy they employ that works I'd like to hear it.
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