Disliked{quote} They are the same indicators per se, it's just that another member here (SwingMan) combined the numerous indicators I showed in Post #1 into something that is visually much easier to trade. Plus, I have added a MACD line that I have never shown before (until now) because it's a discovery that I made and started using after I last posted here. BTW, this how much things can change since I last posted here 21 mins ago. {image}Ignored
- #4,642
- Apr 9, 2020 3:34pm Apr 9, 2020 3:34pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
{quote} Robinhood, can I have the link to v4.0 of that indi? I can't find it in the thread.
Always a Student, Never a Master - Emulate What Works
- #4,644
- Apr 9, 2020 4:09pm Apr 9, 2020 4:09pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #4,646
- Apr 9, 2020 4:33pm Apr 9, 2020 4:33pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
{quote} Thanks! I also applied MACD to my chart but not quite sure what kind of signal is used from it...
The idea of this thread is for OTHERS to also contribute trading ideas, which has often happened.
I'd like to see how others would use it, and when someone gets it right, I'll say so.
Always a Student, Never a Master - Emulate What Works
- #4,648
- Apr 9, 2020 4:51pm Apr 9, 2020 4:51pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #4,650
- Apr 9, 2020 11:21pm Apr 9, 2020 11:21pm
{quote} Yeah, I very intentionally didn't mention how I use it, but when someone figures it out, it's a game changer. The idea of this thread is for OTHERS to also contribute trading ideas, which has often happened. I'd like to see how others would use it, and when someone gets it right, I'll say so.
First pick-it seems like an exit signal to me, MACD crossing TMMS indicates possible reversal..
I'm still very green though lost a lot..
Go big or go home
{quote} Yeah, I very intentionally didn't mention how I use it, but when someone figures it out, it's a game changer. The idea of this thread is for OTHERS to also contribute trading ideas, which has often happened. I'd like to see how others would use it, and when someone gets it right, I'll say so.
I did insert the MACD line and think i know why you use it, it's not (only) to get out of a trade, but (also) when a signal appears, it's an extra confirmation to take the trade or ignore it. i will try it out and let you know
Are you trading stocks on MT4 while using this system if i may ask?
Happy eastern and thanx again!
- #4,652
- Edited 6:57am Apr 10, 2020 6:12am | Edited 6:57am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Deminsib & keansajewki, you guys are correct!
1. I use the Yellow MACD Line crossing over or under the Zero Line as a confirmation to enter a trade (the Zero Line is an invisible line comprised of the blue and orange dots in the lower window). I NEVER use the Yellow MACD Line crossing the Zero Line as a stand alone entry method. I only use it as an entry signal when I combine it with other indicators (meaning some or all of the 7 indicators that I show in Post # 1).
2. I use the Yellow MACD Line crossing the DimGray Line as an exit indicator. Go through some charts and just look at how amazing it can be!
Remember, NO INDICATOR is PERFECT. They just "indicate" information to you. Sometimes they're wrong. They all are wrong "sometimes".
Please Note: I don't ALWAYS use these 2 methods in my trading. They are just part of a large arsenal of methods I use and wanted to share.
1. I use the Yellow MACD Line crossing over or under the Zero Line as a confirmation to enter a trade (the Zero Line is an invisible line comprised of the blue and orange dots in the lower window). I NEVER use the Yellow MACD Line crossing the Zero Line as a stand alone entry method. I only use it as an entry signal when I combine it with other indicators (meaning some or all of the 7 indicators that I show in Post # 1).
2. I use the Yellow MACD Line crossing the DimGray Line as an exit indicator. Go through some charts and just look at how amazing it can be!
Remember, NO INDICATOR is PERFECT. They just "indicate" information to you. Sometimes they're wrong. They all are wrong "sometimes".
Please Note: I don't ALWAYS use these 2 methods in my trading. They are just part of a large arsenal of methods I use and wanted to share.
Always a Student, Never a Master - Emulate What Works
- #4,653
- Edited 8:14am Apr 10, 2020 6:19am | Edited 8:14am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
{quote} Hello Robinhood and thank you for this awesome system, so far the only one that is working for me. I did insert the MACD line and think i know why you use it, it's not (only) to get out of a trade, but (also) when a signal appears, it's an extra confirmation to take the trade or ignore it. i will try it out and let you know
Always a Student, Never a Master - Emulate What Works
- #4,654
- Apr 10, 2020 6:43am Apr 10, 2020 6:43am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Here are where the trades that I posted yesterday are today (this is a live account):
Always a Student, Never a Master - Emulate What Works
Deminsib & keansajewki, you guys are correct! 1. I use the Yellow MACD Line crossing over or under the Zero Line as a confirmation to enter a trade (the Zero Line is an invisible line comprised of the blue and orange dots in the lower window). I NEVER use the Yellow MACD Line crossing the Zero Line as a stand alone entry method. I only use it as an entry signal when I combine it with other indicators (meaning some or all of the 7 indicators that I show in Post # 1). 2. I use the Yellow MACD Line crossing the DimGray Line as an exit indicator. Go...
.Do you use a special settings for the MACD?
"You can't buy the bottom, nor sell the top. The best you can strive for is
- #4,656
- Apr 10, 2020 8:31am Apr 10, 2020 8:31am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
{quote} Sweet RH,you're getting me all exited
Always a Student, Never a Master - Emulate What Works
- #4,658
- Apr 11, 2020 5:55am Apr 11, 2020 5:55am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
