100pip,
I've read on a few of your post where you mention the weekly TF. I'm still trying to implement this triple screen strategy into my naked PA system but need a couple of questions clarified.
Do you only use the daily TF MACD crossover to recognize the change in sentiment, or do you also look at the bigger picture with what the MACD is doing on the weekly TF as Elder suggested? I believe he suggested using the slope of the MACD on the weekly to establish the long term trend or as he called it (the tide) b4 even looking at the daily TF (the wave).
I know that you use the hourly chart for entry but before that, do you wait until the daily MACD crossover is in agreement with the weekly first? Or do you basically ignore the weekly TF altogether and just use the daily and hourly charts? Maybe your daily TF is the tide and hourly is the wave.
I also read that Elder prefers now to use the 13 week EMA for establishing the trend. Do you have an opinion?
Also, what is your default setting for MACD? Please clarify. Sorry if the question sound repetitious. Thanks for your time 100pip.
I've read on a few of your post where you mention the weekly TF. I'm still trying to implement this triple screen strategy into my naked PA system but need a couple of questions clarified.
Do you only use the daily TF MACD crossover to recognize the change in sentiment, or do you also look at the bigger picture with what the MACD is doing on the weekly TF as Elder suggested? I believe he suggested using the slope of the MACD on the weekly to establish the long term trend or as he called it (the tide) b4 even looking at the daily TF (the wave).
I know that you use the hourly chart for entry but before that, do you wait until the daily MACD crossover is in agreement with the weekly first? Or do you basically ignore the weekly TF altogether and just use the daily and hourly charts? Maybe your daily TF is the tide and hourly is the wave.
I also read that Elder prefers now to use the 13 week EMA for establishing the trend. Do you have an opinion?
Also, what is your default setting for MACD? Please clarify. Sorry if the question sound repetitious. Thanks for your time 100pip.