A quick interruption from this punster: $CAP The daily MACD formed a bullish crossover above the zero line, after 7 consecutive bars in the opposite direction.
DIF and DEA crossed paths, and my fingers immediately started twitching. Luckily, I checked the definition first.
On a more serious note, the same MACD settings can mean quite different things across timeframes: crossovers happen more often on shorter timeframes and less often on the daily chart, but they carry more weight there.
Don’t change your rhythm based on a single indicator, and don’t use borrowed money to test a hunch.
#CAP
DIF and DEA crossed paths, and my fingers immediately started twitching. Luckily, I checked the definition first.
On a more serious note, the same MACD settings can mean quite different things across timeframes: crossovers happen more often on shorter timeframes and less often on the daily chart, but they carry more weight there.
Don’t change your rhythm based on a single indicator, and don’t use borrowed money to test a hunch.
#CAP