Thanks for sharing Razorman, I have been trading Macd divergence for 6 months, I like the way you use the 5 minute charts, awesome stuff
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DislikedWould you be so kind to elaborate the role of the position of the RSI curve, I mean above 70 or below 30, between 30-70, if it matters at all?
Do you place market or stop orders?
If a setup occurs, you initiate your trade on the brake of the previous bar if I got it right.
[font=Arial]In this case, if the actual bar fails to brake the previous bar, does this cancels the setup, i.e. you won’t initiate the trade at a later bar at the same previous brake level? So for example, if the bar...Ignored
DislikedHi Trippenlatin
Curious are those NinjaTrader charts your running? If so whose data feed?
Nice "crude" shotsIgnored
DislikedHey trippenlatin. You are drawing the divergence wrong. You are looking for price to make lower low and rsi to make higher high. See the screen.Ignored
DislikedRSI is only used for divergence, the actual value of rsi does not matter.
I enter with buy or sell stop when the signal bar breaks.
If the signal bar is broken on the other end then the stop order is canceled.Ignored
DislikedLets see if we make the first target. If you took this your stop has to be at break even by now.Ignored