By the way, in the chart above, the first subset indicator is a reflection of the 3/10-macd on a time frame which is 3x higher (slower), while the bottom indicator is the 3/10macd for this time frame.
Tuesday, January 7, 2014
Gold
Because of the "flash crash" in GC yesterday, figured I would update the chart since there was a daily buy signal a few days ago. Below is a (roughly) 4-hour continuous chart of Gold. The most recent entry here being just before the new year. A warning sign for me when in a long position is when the faster time frame (trigger chart) sees the fast line go under the slow line, which it did here on the bar just before the selling hit.
By the way, in the chart above, the first subset indicator is a reflection of the 3/10-macd on a time frame which is 3x higher (slower), while the bottom indicator is the 3/10macd for this time frame.
By the way, in the chart above, the first subset indicator is a reflection of the 3/10-macd on a time frame which is 3x higher (slower), while the bottom indicator is the 3/10macd for this time frame.
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