Agent86
Sergeant
- Messages
- 194
Hi
I love indicators, all of them.
I know many do not like them because they are lagging, but since they are lagging that is what makes them great for exit strategy.
If you don't use them for entries because they are lagging and likely you get in too late anyhow, then why not use them for exits.
You don't want to exist prematurely and so I really love the MACD for exists only, however of course other things have to fall in line but MACD gives a nice exit signal in my opinion.
And of course once you develop your entry strategy the MACD or other indicators can help you also stay in the market helping you to confirm your position and helping to take out the emotion of your exit strategy.
Anyhow I love the indicators and they typically only do 2) things for me:
1. confirm position
2. help nudge my exit decision
Thats all I know.
Happy trading
I love indicators, all of them.
I know many do not like them because they are lagging, but since they are lagging that is what makes them great for exit strategy.
If you don't use them for entries because they are lagging and likely you get in too late anyhow, then why not use them for exits.
You don't want to exist prematurely and so I really love the MACD for exists only, however of course other things have to fall in line but MACD gives a nice exit signal in my opinion.
And of course once you develop your entry strategy the MACD or other indicators can help you also stay in the market helping you to confirm your position and helping to take out the emotion of your exit strategy.
Anyhow I love the indicators and they typically only do 2) things for me:
1. confirm position
2. help nudge my exit decision
Thats all I know.
Happy trading