You need every tool you can get to try and compete with the...

You need every tool you can get to try and compete with the pros.

With so many traders now becoming a bit more tech savvy, one of the favourite plays of the pros has been to break the uptrend line with the intent of snapping up the stop losses that people automatically set in the obvious places. Just a word of caution.

The weekly MACD was shown as this was mentioned in the forum previously. Never had much time for the daily MACD previously as it gave off too many false signals, except for possibly added confirmation. The usefulness of the weekly MACD is an interesting concept.