Some trades were with this strategy and only Price Action
Trade Safe !
Multi time frame Simple MACD system 823 replies
Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies
Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies
Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies
Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies
Dislikedregarding lagging indicators.
it's not which tools you use. it's how you use your tools.
there's been many posts about how indicators lag, hence some completely taken off those tools due to a lagging natures.
as posted many times, you are throwing away valuable informations that price alone do not give you.
i guarantee there are no books out there that you can read how to use it efficiently. you gotta take some time to study it.
took me nearly 3 years to study one tool, and i still make mistakes.
same trade, same setup was also taken on euro,...Ignored
Dislikedtopic "Another simple system - Time-Frame 15" makes me laugh Every system is simple, but 93% peoples loose money Really simple system to loose money The more indicators the worseIgnored
DislikedPkimnyc, I am learning to appreciate the awesome power of divergence more and more everyday. But, like I elaborated in one of my posts (earlier this year I think), I, for one, am not comfortable with the distraction of taking my eyes off PA to study indicators, if I can help it, so I have figured out a way to spot Divergence using PA and MAs, with respect to TLs and, on LTFs, BRNs. It works for me. I still get the same information the MACD indicator is..er..indicating (no pun intended lol). The lagging issue is just half the problem. Afterall MAs...Ignored
Dislikedtopic "Another simple system - Time-Frame 15" makes me laugh Every system is simple, but 93% peoples loose money Really simple system to loose money The more indicators the worseIgnored
DislikedPkimnyc, I am learning to appreciate the awesome power of divergence more and more everyday. But, like I elaborated in one of my posts (earlier this year I think), I, for one, am not comfortable with the distraction of taking my eyes off PA to study indicators, if I can help it, so I have figured out a way to spot Divergence using PA and MAs, with respect to TLs and, on LTFs, BRNs. It works for me. I still get the same information the MACD indicator is..er..indicating (no pun intended lol). The lagging issue is just half the problem. Afterall MAs...Ignored
Dislikedon the chart you've posted, where would your entry be at?
you can consider this as your weekend homework. i see my entries way before your confirmation.
hint: macd is not an entry picking tool. it is a momentum measuring tool. hence the trend direction tool as emmanuel did mention.
that's where common mistakes are made with new traders. often, they use macd to pick entries, then they come out and say macd lags too much... of course it does, in that sense. lol.Ignored
DislikedHi Pkimnyc
Possible entries. I am looking Resistance that becomes Support (PA).
Macd is tool to confirmIgnored
DislikedThose are late entries. Not saying its bad. Those are good entry points. There are way more in earlier ones. Try to spot them and why.Ignored
DislikedFrom your previous post, you had used 10/50ema crossover as signal of change of trend.
At same time, was pin-bar candle, which suggest it has rejected the previous resistance (from ranging market)Ignored
DislikedI guess I am Unconscious Incompetence to know what your looking at.
Previous post: I am look the 10ema as the signal. As much as I am look left at S&R. Looking into 15min. I would draw major trendlinesIgnored
DislikedTake your time and think about it. Switch to different tf if you have to. Doesn't have to be what I'm looking at. As long as you have good reasons, then thats what's important.
Hint: look hard enough. Look at it bar by bar.Ignored
Dislikednever mind my previous post. no offense, but this alone tells me you are clueless.Ignored
Dislikedhi,
power of the tools, whether it's macd or others, isn't just for divergences. it also measures the power behind the price movements or trends. hence, you can stay with the trade longer than anyone just looking at the price. to give you an example, why did i stay with geppy long trade for many months? why was i ignoring all the short signals just by price? think about that.
althrough it is important to read what the given tools are telling you, i would not ignore the power of price. all my entry strategy is based on what indicators are...Ignored
DislikedPkimnyc, I am learning to appreciate the awesome power of divergence more and more everyday. But, like I elaborated in one of my posts (earlier this year I think), I, for one, am not comfortable with the distraction of taking my eyes off PA to study indicators, if I can help it, so I have figured out a way to spot Divergence using PA and MAs, with respect to TLs and, on LTFs, BRNs. It works for me. I still get the same information the MACD indicator is..er..indicating (no pun intended lol). The lagging issue is just half the problem. Afterall MAs...Ignored
Dislikedon the chart you've posted, where would your entry be at?
you can consider this as your weekend homework. i see my entries way before your confirmation.
hint: macd is not an entry picking tool. it is a momentum measuring tool. hence the trend direction tool as emmanuel did mention.
that's where common mistakes are made with new traders. often, they use macd to pick entries, then they come out and say macd lags too much... of course it does, in that sense. lol.Ignored
DislikedWould hate to get into an indicator discussion, at least RSI is just a different setting to TDI. Anyway something to watch out for jordfx, pretty much on any TF, a lower high or higher low following divergence is normally a good set up.
Anyway a confluence here, divergence, LH LL cycle clearly broken with HL, HH, HL, RSI above 50 level. See arrow up. The RSI above 50 level a quicker indicator of trend change than the 200 ema.
If you don't like indi's then look at D flow. The HH HL.
Yes obviously I understand this is just 1 example and there'll...Ignored