The slant, the slant I'd correct it but I can't. And please remember before you post back That if you defend this fellow then you don't know Jack.
Hi Daytrade001 I think that you mustn't use MACD to enter end exit the trade. You must price for that. About MACD I think that this is just oscilator and works as all the other oscilators, with the specific, that MACD has no min and max value. Apart from this it juts like the other oscilators. Up to now I have found only one way to use them, but not to exter and exit the trade. This should be wrong. Cheers
I've not previously used the macd but started to try and develop a 'scalp' system for fx trading and quite like the visual display of the ' G#MACD ' series of MetaTrader 4 indicators written by CJA on http://www.forex-tsd.com/ mtf - multi-timeframe indicators are very popular and there's many variations including multi pairs / multi indicator digitals such as the GMACD shown in the middle window thanks Jack for your macd instructions what's of more concern to me is staying in the trade longer - - that is not getting whipsawed unnecessarily so the addition of the 2 indicators on the Price (tho I'm a Standard Error Chnl user) yellow/magenta ' Triggerlines_mtf ' and 'Instant Trendline1 ' green red to aid decision making, bear in mind one pays about 3 pips for commission depending on the pair traded, right margin scale is 20 pips, chart is 5min eurusd
I am with you on these indicators but I found that stoch is not working very well on ES... Do you have any recommendation? sg20
I use a hybrid version of the MACD with cumulative delta as my "qualifier" - that is about all I use to keep my trading simple as far as indicators go.
No indicator or chart pattern works on a consistant basis..if it did, it would be the holy grail. you can slow the macd down by increasing the measurement, so signals are stronger, but you'll have to wait lonnger for them, and even then you will get false ones, leading to higher losses/ gains. Indicators are like crack..i've taken them off..put them back on..taken them off..and put them back on again. Its not so simple as to say to yourself "oh its oversold, let me buy here" as the trader thinks its a bottom because the indicator is so damn oversold you cant see how it could go lower.....sure enough it does, and so you get pissed, and start your search for the next "best" indicator.
Thanks for all your comments and sharing experiences and information on this. I just started using this. I'm using 625 tick chart for ES.
Try using a 9 / 18 ma crossover instead of macd keep in mind, every indicator is a derivative of price. KISS