One of the many gems from Forexmentor Dec. 11/07

Forexmentor.com Forex Trading Price Action

It’s so much easier to trade the trend. Buy the dips in an uptrend, and sell the rallies in a downtrend. But, keep your eye on MACD in relation to its trigger line. For example, let’s suppose price is in an uptrend, as reflected by the 200 EMA on the hourly and 15 minute charts. You would want to buy the dips, as reflected by the ‘over-soldness’ of an oscillator. You would NOT want to buy, if MACD is trending down, with angle and separation between it and its trigger line. You would wait for MACD to turn the corner, and head up again. Better still, you would wait for MACD to confirm a trendline break, by punching up through its trigger line. This is just one of the many gems coming your way on a regular basis from www.forexmentor.com.

–Peter
forexmentor.com

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