Macd

Razor · Dec 21, 2006

bttt

Ares1 · Jun 5, 2007

Quote from reno4nook:

The best MACD trades are when the MACD is negative and then makes a strong upward break across it's signal line.

Works best on a 60 minute chart, methinks
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By the time this happens, price has gone up quite a bit already.
Doesn't it?

Ares1 · Jun 5, 2007

Quote from Andy62279:

Yes, I am familiar with those. Yes, in those cases the zero line filter would be good. Or, enter earlier and move stop to breakeven sooner resulting in breakeven trades is another alternative. I traded RD's when I traded the euro/usd. I found the zero line to be a bit slow for the market and timeframe I traded. Of course, there is no right or wrong answers here. That rule just did not suit me.

As far as profit taking. Since Rd's for me were not very reliable setup, I needed larger return/risk trades. 1R trades would give me a negative expectancy. For exit strategy I like to give the market plenty of room for growth. I go far larger trades. I get a lot of breakeven trades, but the more prices move then the less profits I'm willing to give up. This is my style.
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How about adding tape momentum to that?

Ares1 · Jun 5, 2007

Quote from tradersaavy:

Profit taking.

Regarding the zero line cross being late, this is a very debatable subject. You know those divergences that keep going for a while creating more divergences before finally reversing? Waiting for the zero line cross or a trend line break of some sort can help on these occasions.
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Sorry, it was this qoute that I was referring to.

Ares1 · Jun 5, 2007

Quote from nwbprop:

I like your post. I just wanted to chime in on what I do and how it differs from what you mention. I use a bigger timeframe to get an overall bias of the market. I then use the shorter timeframe for entries and stops to catch a bunch of the longer timeframe trends.

I have never been able to really put it all together where I can scalp within the overall position trades as some very accomplished traders do; Grob109, Scientist, AMT.

I think that is the ultimate goal. Have position trades and scalping within your overall position to maximize gains.
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Pond Analogy?

madmax98 · Jun 5, 2007

Quote from The_Chartist:

I like to use 7,28,1...gives some pretty good signals sometimes.

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ya, it gives garbage signals most of the time!!!!!!!!

metaltrader · Jun 6, 2007

Hi, anyone here use the 'trend index' indicator, it looks similar to the MACD but seems to provide earlier signals - I found a free charting site clickcharts dotcom which publishes this indicator I hv yet to find anywhere else?

Razor · Jun 7, 2007

Hi,

Can someone post a chart example of AMT's 1/2 line breaks ?

Cheers