During the correction period, I've continued to study more indicators for my trading. Other than MACD, I've been seeing some analysts using ADI/ADX (Average Directional Index) as well. So I went to do some study on this and I've found that it is quite useful and decided to use it along with MACD for some confirmation purposes.
Recently, we saw a bullish reversal sign on STI, meaning the market is more stable now, but the correction is still not over yet. To me, the correction is over only when there is a bullish divergence on MACD or the +DI crossover the -DI for ADX......so still need to wait for a while.
Currently, I'm still trading with a lesser percentage of my capital and as the market is still quite volatile, I'm using stochastic and the candlestick for faster dscision.....still trying to learn more on candlestick.
If you have any comments or advise, please feel free to write me a mail and I'll really appreciate that.
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