Dislikedhello phil, i want to ask bout ur weekly wrap, after signal number 6, there are candlestick down and reach 89 sma why u didnt take that signal??
tq for ur answerIgnored
It is a move through the zero of MACD and we dont trade moves through zero on the 4H system. As you grow experience and together with other indicators you can trade movements through zero. It however was a very high probability trade as it found resistance against trendline. If I had to get involve I would have taken the last 30 or so pips above the 89SMA as I know that the price will most probably goes to the 89SMA after that long down candle just after signal 6. I know of people trading movements of MACD through zero as well. I just found it not so reliable at times.