This is a trading idea to scalp the YM The left chart has 35 ticks and the signals are generated by the MACD (Wilder) cross and divergences The ABC extensions help to find targets The right chart (15 min.) represents the overall daily picture with classic Pivot Points and ABC extension
I know that my God! In that chart example I used the MACD with Wilder moving averages...not the Exponential moving averages....
smooth is better than sharp... Normally I use the standard MACD, but since this chart has only 35 ticks, I found those moving average work better http://en.wikipedia.org/wiki/Moving_average http://www.linnsoft.com/tour/techind/movAvg.htm