And now to marry method with madness... because the truth of things is always stranger than fiction... here is the real secret to success guys http://www.youtube.com/watch?v=Awv5voHtPMI
A real trade I made today, it was impossible to make the minimum of 25 pips because no volatility I gave up after 5 hours of stupid trading range, took 9 pips and had a walk at the beach for relaxing ! What a boring day! See ya
That's a good link. Thanks for posting it. I have listened to a bit of Dale Hoskin, appears to be a good, genuine guy.
CARLITO . . . look, I try to avoid recommending specific systems and methods . . . but let me comment briefly on your chart and suggest some things. The 12-26-9 MACD is a market statistic. Can you explain what it measures? Naturally . . . just a rhetorical question. So let me answer the question myself and put your chart into context. The 12-26 MACD (the blue line) simply measures the difference between two moving averages . . . a 12 and a 26 period. When the 12 crosses the 26, the MACD is above the Zero line. When the 12 crosses under the 26, the MACD drops below the Zero Line. For your entry, you want the MACD line to cross its 9 period moving average. (By the way, this could easily be a 3 period . . . 5 period or 20 period moving average . . . it doesn't have to be 9 period . . . . ) The 12-26 MACD crossing the 9 pd average of itself is very similar to price crossing the 9 period (as has been observed). This is no coincidence. change your price bars to a Close line and compare that line to the 12-26 MACD. Look familiar? It should. It was designed to be ALMOST identical. Some traders substitute the 3 period crossing the 9 or 10 period moving average to smooth the line. The 3-10 Oscillator used to be very popular and works well with the 12-26-9 MACD. So let's recap: You think an issue will climb higher in price when: The 12 period average is above the 26 period. AND The 14 is above the 89. AND The 1 period is above the 9 period. There's some redundancy there, don't you think? Is there some fat you can trim and still get the exact same input into your decision making? ............................................................ Now consider this. I suspect that a trendline from the previous high to the top of the 2:25 bar . . . or looking at the pullback on the 1 minute chart (or 2 min chart) and using the MACD crossover might have gotten you in sooner. My guess is that you were actually going LONG in a correction . . . don't know for sure without looking at the higher chart. What does that look like? Was the move that started at 1:10 going with or against the 15 min trend . . . how about the 30 min? By the way . . . do you see Three Little Indians? How about an ABC move? More importantly . . . do you think OTHER traders see that? What will that cause the herd to do? ...................................................... None of the above is meant as criticism. I'm just suggesting some ideas that may help you overcome the thought that there was no volatility in your market . . . actually, there was quite a bit of volatility. The problem is that your methods are not as efficient as they could be to profit from it. You're on the right track. Lighten up. Simplify. Substitute other data (like what's happening higher) for some of the input you're getting here.
Thank you wint for your help, I already try to look at higher time frame and for me the overall trend was up that is why I didn't hesitate to go long. AS for simplification I agree with you maybe I should make it more simple but the oscilators I use help me to see trend, up momentum and down momentum, that is why I use them but there is redundancy I agree, but it is this redundancy that gives me a visual help, I think every one has its own way of charting. See ya.