Hi All, I'm very new to forex and have put together this simple system. I base this on Adam3000's "my very simple system" (http://www.forexfactory.com/showthread.php?t=5153) but I've added one piece: MACD. Please look at the following chart to see if I'm reading this correctly. Look at the recent Divergence... is that a major SHORT confirmation??? Anyone know more about Divergence and could clue me in?
I've also just started studying candlesticks and I see what I'd consider a Shooting Star just before the huge down turn that appeared last week on Feb. 7. So many indicators lining up...did I get it right? If not, HELP!
Details:
MACD= 12, 26, 9
MA1= 15
MA2= 21
SAR1= .09, .2
SAR2= .02, .2
Thanks!
Deb
I've also just started studying candlesticks and I see what I'd consider a Shooting Star just before the huge down turn that appeared last week on Feb. 7. So many indicators lining up...did I get it right? If not, HELP!
Details:
MACD= 12, 26, 9
MA1= 15
MA2= 21
SAR1= .09, .2
SAR2= .02, .2
Thanks!
Deb
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