YM Scalping with MACD and Fibonacci

[Lorenzo]

This is a trading idea to scalp the YM

The left chart has 35 ticks and the signals are generated by the MACD (Wilder) cross and divergences

The ABC extensions help to find targets

The right chart (15 min.) represents the overall daily picture with classic Pivot Points and ABC extension

 

[miniFORTUNE]

Moving Average Convergence Divergence (MACD) was created by Gerald Appel
Best!
mF

 

[Lorenzo]

Quote from miniFORTUNE:

Moving Average Convergence Divergence (MACD) was created by Gerald Appel
Best!
mF

I know that my God!

In that chart example I used the MACD with Wilder moving averages...not the Exponential moving averages....

 

[Lorenzo]

smooth is better than sharp...

Normally I use the standard MACD, but since this chart has only 35 ticks, I found those moving average work better

http://en.wikipedia.org/wiki/Moving_average

http://www.linnsoft.com/tour/techind/movAvg.htm