Personally I use the middle Bollinger band on the 4 hour chart to set my trailing stop level ,any thoughts ?
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Paris (16) After the break, CBM experienced an outside down day, which then led to a nice sell off into the early afternoon.
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We can see in early May 2017 that the MACD crosses up above the centreline (specifically it crosses on 5 May 2017). We'll use this period for our example and proceed to apply our second screen. We are using a daily chart for our intermediate time frame. Below is a daily EUR/USD Forex chart with two oscillators applied:
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NZD/USD 28 81 98 87 100 96 I day trade 2 chart patterns, Macd bullish and bearish divergences. I only trade one contract and never add to my positions. I make around $80,000 dollars a year. Nice sideline income. I’m totally convinced that trading is 90% mental and only 10% in how one picks trades. Trade small to keep emotions under control and get out of losing trades fast!
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