MACD/Divergence Trading: How to Build a Profitable Trading System Using Moving Average Convergence-Divergence
| Author | : | |
| Rating | : | 4.72 (823 Votes) |
| Asin | : | B00JST8VLE |
| Format Type | : | |
| Number of Pages | : | 183 Pages |
| Publish Date | : | 2017-09-14 |
| 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 pragmatic.It was worth the free price tag but wouldn't be worth three bucks.. Very mis-leading title, not AT ALL about building a trading system 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. divergences).His description of divergences is somewhat lacking as a true divergence must crisscross the 0 line of the histogram. All his examples happen to do that but it's never stated . "Generating Profit with a MACD based Trading System" according to TexasT. 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-day exponential moving averages (EMA). Of the two moving averages that make up the MACD, the 12-day EMA is obviously the faster one, while the 26-day is slower. In the calculation of
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 Simple Moving Avergages, Exponential Moving Averages, MACD histograms, signal lines, and much more-- Chapter 1- How MACD can be used to identify stocks that may be ready for a huge move upward-- Chapter 2- How to use MACD for momentum trading-- Chapter 2- Here's a specific real-life example where the price of a stock gapped out of a trading range right as the MACD line crossed the signal line (you don't want to miss this!)-- Chapter 3- Exactly how to use MACD for trend following-- Chapter 3- Step-by-step instructions for building a trading system using MACD-- Chapter 5- 4 criteria for entered a long position based on MACD-- This strategy by itself is worth x1000 times the cost of this book and can help you identify massively profitable trades-- Chapter 5- The