Instructor’s Response:
Sure…
First and foremost we only want to take trades in the direction of the trend on the Daily chart...that is the first filter. Don't let the MACD (or any other indicator for that matter) decide the direction of the trade...let the trend do that. Then use the MACD to fine tune the entry in that direction.
Also, it is definitely advisable not to take a trade when it looks like something might happen...wait until it does happen. Make sure the crossover actually takes place before executing the trade.
A good axiom to trade by is..."nothing happens until happens".
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