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MACD and RSI opposite crosses

  • #21
  • Oct 3, 2019 11:19am Oct 3, 2019 11:19am
Thanks for sharing your strategy.

Is there a particular timeframe that is suitable for this strategy or can it be applied to any timeframe?
  • #22
  • Oct 3, 2019 1:11pm Oct 3, 2019 1:11pm
Quoting Stchijioke
Thanks for sharing your strategy. Is there a particular timeframe that is suitable for this strategy or can it be applied to any timeframe?
Good Question
I thick accurate answer resides in your mind. all charts in front of you, + Macd Indicator available, you can apply it to any frame, then go from left to right and check what was happening at each opposite cross. THEN TELL US YOUR ANWSER.
I really do not have specific answer, but I know opposite cross usually happen after impulsive move! -- in this way we overcome the fault of MACD, as an indicator that follow price!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #23
  • Oct 3, 2019 1:51pm Oct 3, 2019 1:51pm
Quoting Macd-rsi
For Macd, --When the signal line crosses the main histogram up above 0 level, it is an opposite cross, --When the signal line crosses the main histogram down under 0 level, it is an opposite cross, For RSI, --When the indicator line crosses the 70-level up, it is an opposite cross, --When the indicator line crosses the 30-level down, it is an opposite cross, Trading System: we count for the number of crosses, when it reaches 3 or above, we take a position in the opposite direction. the opposite cross usually happen after...
Both opposite cross???
"Great Men are not born great, They Grow Great."
  • #24
  • Oct 3, 2019 2:46pm Oct 3, 2019 2:46pm
Quoting MyProfit
{quote} Both opposite cross???
we confine the meaning as explained;
"signal" is the subject
"main" is the object
"cross" is the verb
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #25
  • Oct 3, 2019 3:01pm Oct 3, 2019 3:01pm
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #26
  • Oct 5, 2019 2:28pm Oct 5, 2019 2:28pm
FILTER

when to avoid using counter=3 ??
special case:
-- if RSI, for 3rd time crosses 70 up, we should take sell position, unless that is associated with a break up of previous strong resistance.
in this case we wait counter = 4

example USDNOK-daily.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #27
  • Oct 5, 2019 2:48pm Oct 5, 2019 2:48pm
example:

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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #28
  • Edited 10:05am Oct 6, 2019 4:08am | Edited 10:05am
Hi Interesting strategy,Subscribed.
Direct and opposite cross is totally clear for RSI ,but I think with direct and opposite cross on MACD some are confused here. If you share more examples for better understanding?
then will send you screenshot of trades based on this strategy

Thank you !
Reza
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #29
  • Oct 6, 2019 12:46pm Oct 6, 2019 12:46pm
post#25 is not clear?
post#15??
anyway:
For Macd,
--When the signal line crosses the main histogram up above 0 level, it is an opposite cross,
--When the signal line crosses the main histogram down under 0 level, it is an opposite cross,
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #30
  • Edited 3:09am Oct 7, 2019 2:35am | Edited 3:09am
Quoting Macd-rsi
post#25 is not clear? post#15?? anyway: For Macd, --When the signal line crosses the main histogram up above 0 level, it is an opposite cross, --When the signal line crosses the main histogram down under 0 level, it is an opposite cross,
Many Thanks,
It shows that the strategy works most of the time after 2 consecutive opposite cross as well ...
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #31
  • Oct 7, 2019 2:48pm Oct 7, 2019 2:48pm
A little bit of a longer term perspective on GBPUSD. If it could hold support and trendline, A run towards 1.2600 level?
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  • #32
  • Oct 7, 2019 4:01pm Oct 7, 2019 4:01pm
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #33
  • Oct 7, 2019 4:02pm Oct 7, 2019 4:02pm
Quoting ChopinTrader
A little bit of a longer term perspective on GBPUSD. If it could hold support and trendline, A run towards 1.2600 level?{image}
wait until crazy days pass!! 30.10.2019 !!! hard decision time!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #34
  • Oct 8, 2019 11:22am Oct 8, 2019 11:22am
Quoting Macd-rsi
{quote} wait until crazy days pass!! 30.10.2019 !!! hard decision time!
Is there a known catalyst on or after that date for the pair or pairs in general? I'm relatively new to forex and I'm mostly a technician
  • #35
  • Oct 8, 2019 12:43pm Oct 8, 2019 12:43pm
Is direct cross is counted too? When the macd histogram cross signal line, is that direct cross or opposite cross? I'm still confusing
  • #36
  • Oct 8, 2019 12:46pm Oct 8, 2019 12:46pm
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Is that opposite cross? Am I doing correctly?
  • #37
  • Oct 8, 2019 5:51pm Oct 8, 2019 5:51pm
Quoting jhonayahya
{image} Is that opposite cross? Am I doing correctly?
exactly

for counter: Is direct cross is counted too? ans: NO NO NO
When we say 3, mean 3 opposite counters
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #38
  • Oct 8, 2019 10:07pm Oct 8, 2019 10:07pm
if you trade for any opposite cross, upon your chart: there is a profit!
Attached Image
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #39
  • Oct 10, 2019 12:28pm Oct 10, 2019 12:28pm
Perfect!!!
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  • #40
  • Oct 10, 2019 3:13pm Oct 10, 2019 3:13pm
Quoting jhonayahya
Perfect!!!{image}
great Yahya
each day 10%,,,, https://www.forexfactory.com/thread/1371538
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