you see that team aphid use original MACD and not your modified MACD, is the result still the same?????
Ignored
Thanks for your question.
The chart use by Team Aphid is original MT4 MACD. My trade is based on MACD histogram. MACD hist is the difference between MACD and trigger line. MACD hist negative if MACD below trigger line, MACD hist positive if MACD above trigger line.
The Histo in original MACD is MACD value represent by histo and not line. In my modified MACD (jasmine_divergence), the MACD represent by line and not by histo.
andy i have new suggestion... take a look at my templates. this is a modification of your template. how if i modify your method by employing a stochastic oscillator...
andy i have new suggestion... take a look at my templates. this is a modification of your template. how if i modify your method by employing a stochastic oscillator...
Hello Anna, what should I do with the stochastic? Based on your chart, I assume the buy/sell signal generated when the stochastic crossover the value 50, correct? Then, what will happened with the MACD?
Hello Anna, what should I do with the stochastic? Based on your chart, I assume the buy/sell signal generated when the stochastic crossover the value 50, correct? Then, what will happened with the MACD?
Ignored
andy, it doesn't have to be a replacement for your MACD, maybe it just a confirmation/addition/or another point of view of what is currently happen now....
the signal is like this:
buy signal: the stochastic above 50, current close price>previous close price sell signal: the stochastic below 50, current close price<previous close price
Are you suggesting this stochastic to use during the taking profit time for the first lot?
OR
Are you suggesting this stochastic to use during entry time to filter the trading range?
Ignored
please take a look your chart and tell me what are you thinking. i'm suggesting the indicator to help you to get a better position during entry. so you can buy when the price cross the SMA and stochastic also cross 50.
you buy the first lot when the price rise and stochastic also rise, the second lot you buy when original jasmine_marble criteria met. how d you think?
you can employ the same exit strategy decision based on candle form and pattern (price action).
i add two lines at the stochastic which are 18 and 82 to mark oversold/overbought level.
for newbie like me, indicator easier to see than price action, how d u think?
Are you suggesting this stochastic to use during the taking profit time for the first lot?
OR
Are you suggesting this stochastic to use during entry time to filter the trading range?
Ignored
please take a look your chart and tell me what are you thinking. i'm suggesting the indicator to help you to get a better position during entry. so you can buy when the price cross the SMA and stochastic also cross 50.
you buy the first lot when the price rise and stochastic also rise, the second lot you buy when original jasmine_marble criteria met. how d you think?
you can employ the same exit strategy decision based on candle form and pattern (price action).
i add two lines at the stochastic which are 18 and 82 to mark oversold/overbought level.
for newbie like me, indicator easier to see than price action, how d u think?
p.s: you apply the template only for 15 min TF. your original 4hr TF still use to take a look at general condition of price movement.
andy refer to your question regarding the stochastic, i need to stress to the other members in the forum that what i propose in my post is not have any relevance to my trading experiment. i just simply suggest an idea.
o yeah, andy, i take a look the behaviour of gbpjpy as you ask for me, yeah, it is an interesting idea that you have told me. let me see and look back few months back at 1 minutes chart.
andy refer to your question regarding the stochastic, i need to stress to the other members in the forum that what i propose in my post is not have any relevance to my trading experiment. i just simply suggest an idea.
o yeah, andy, i take a look the behaviour of gbpjpy as you ask for me, yeah, it is an interesting idea that you have told me. let me see and look back few months back at 1 minutes chart.
Joined Oct 2005
|
Status: Straight Pippin'
|673 Posts
laodeabdul,
I got your IM about some advice on your system.... I didn't want you to think I was ignoring you, but I'm not sure if I can help. Reason is I don't trade with the same theories you are using. I do not look at MACD or even MA's anymore. I strictly trade on momentum now. Using multiple time frames and different Stochastic settings.
As you know I was a big fan of MA's and RSI. My whole system was based on it. I did achieve good results with it, but too much draw down and false signals for me. I always knew momentum had more to do with winning trades than price action or MACD or RSI or MA crosses. Trading happens in waves. Up and down, but mostly in one direction or the other. So I thought, if I can find the direction of the major wave, then I can just jump on all the short waves going with that flow. This way I minimize draw down, which are the waves going against the trend. The waves I dont want to ride!
Anyway, I can go on all day. I appreciate you seeking me out for advice, but like I said. I don't think my mindset will be beneficial to you.
I got your IM about some advice on your system.... I didn't want you to think I was ignoring you, but I'm not sure if I can help. Reason is I don't trade with the same theories you are using. I do not look at MACD or even MA's anymore. I strictly trade on momentum now. Using multiple time frames and different Stochastic settings.
As you know I was a big fan of MA's and RSI. My whole system was based on it. I did achieve good results with it, but too much draw down and false signals for me. I always knew momentum had more to do with winning trades than price action or MACD or RSI or MA crosses. Trading happens in waves. Up and down, but mostly in one direction or the other. So I thought, if I can find the direction of the major wave, then I can just jump on all the short waves going with that flow. This way I minimize draw down, which are the waves going against the trend. The waves I dont want to ride!
Anyway, I can go on all day. I appreciate you seeking me out for advice, but like I said. I don't think my mindset will be beneficial to you.
Good luck in your trading!
Bagovino
Ignored
B, thanks a lot for your advice. I also can’t help to continue learning. Yeah, we are big fans of MA and oscillator. I am also seeking for another point of view of what I have done so far.
andy, so sorry that i didnt reply your query for so long... anyway i posted marble version 2. one member ask me to post the picture, in the other hand i never trade with that method also....
andy, so sorry that i didnt reply your query for so long... anyway i posted marble version 2. one member ask me to post the picture, in the other hand i never trade with that method also....
Ignored
Anna, can I suggest you something. The difference between experienced trader and not experienced one is the experienced one believes the strategy that they’ve been using. One of the ways to do that is to do backtesting of the method they choose. So for you, because you are developing the jasmine_marble version 2, please update us the backtesting result. Do that for MAJOR and CROSS minimum from 2004. State when the method fail, and when the method success. Good luck.
