- First, set up your MACD indicator with absence settings (12,26,9) on the 15-minute chart.
2. Attending for the crossover of the MACD band (blue line) and the arresting band (orange line).
3. A bullish arresting is generated back the MACD band crosses aloft the arresting line, and a bearish arresting is generated back the MACD band crosses beneath the arresting line.
4. If a bullish arresting is generated, attending for a continued access opportunity, such as a pullback to the 20-period affective boilerplate or a bullish candlestick pattern.
5. If a bearish arresting is generated, attending for a abbreviate access opportunity, such as a animation off a attrition akin or a bearish candlestick pattern.
6. Set your stop accident at a reasonable level, such as beneath the recent beat low for a continued position or aloft the recent beat aerial for a abbreviate position.
7. Take profits by either ambience a ambition amount or application a abaft stop accident to lock in profits as the amount moves in your favor.
It's important to bethink that no action is foolproof and that accident administration is capital in any intraday trading strategy. It's additionally important to analysis the action on actual abstracts and to abide adorning and adjusting the action as bazaar altitude change.
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