How To Use The Golden Cross
I always thought Golden Cross didn’t work, but investopedia says otherwise…
The key to using the golden cross properly – with additional filters and indicators – is to always use proper risk parameters and ratios. Remembering to always keep to a favorable risk-to-reward ratio and timing your trade properly can lend to a better result than just following the cross blindly. So, it’s easy to see why some hedge fund managers and currency players like the golden cross. Not only is it user-friendly, but the technical formation is also reliable when used properly. It’s just another way to take advantage of a simple technical tool (available in almost every charting package) to profit in a 24-hour market.
via Forex Investing: How To Use The Golden Cross.
