GoldFusion strategy

 

Hi all

I find this attachment on the another forum. Anybody knows about this strategy?

Files:
GoldFusion.gif  56 kb
 

Well, that says it all - Resistance\Support + some EMAs + Tweaked MACD. Seems like it has some potential.

 

those indicators are well known, that bars in the chart is an indicator of resistence suport made by SEFC, the other are just some ma's and the other indicator below is not the macd, i think its the snake force indicator that repaints that's why it looks good in the chart

 

It looks to me the Gold MACD is about inside candles. On both the occaision when the MACD is turning gold, I noticed that the candles opening and closing price is inside the opening and closing range of the other candle..

Well that makes sense since there is energy building in market which will cause a good trend!

Reason: