Its true. But not all of the time. Theirs are time that theirs a false indication. That why you need to use other indicators. And even other indicators will not going to have unanimous results. Its up to use to decide and to have a feel if its going to have a reversal or not. because in just 15 minutes time your S1 can be your R1. Or the opposite.
macd is a good indicator , specially with the 4 hours frame . on it`s top there`s a signal and when reversing another signal .
Posted 29 November 2011 - 10:29 PM