Might this be the start of the bounce at the bottom of the 1hr channel back to the upside....
Hi there! I am new to this thread and this system. I am trying to figure the way it works, but I am still having trouble understanding the MACD indicator fully. I am trying to follow all the rules set out on the pdf file, but I still get negative results. I still have to practice practice practice. Can you help me out with teh MACD? How do I interpret it? Thanks for posting the system and for all the help!
Hi there! I am new to this thread and this system. I am trying to figure the way it works, but I am still having trouble understanding the MACD indicator fully. I am trying to follow all the rules set out on the pdf file, but I still get negative results. I still have to practice practice practice. Can you help me out with teh MACD? How do I interpret it? Thanks for posting the system and for all the help!
and the MACD can give contra signal on consolidation pattern).
. Wish a nice rangebound market would come back (haha!! All we ever wish for is a good trend....then freak out! But this move was FAST!! & Furious. Hope noone was caught short w/o a stop!).
....you'll mow the lawn, but can't clean your room....hmmmm... ). Hi jgarcia!
Keep up the practicing!! Also, at the present time ONLY take the upmove signals (this may be in the process of setting up a retrace w/today's close...hmmm...but, I'm not taking on that bet on a MACD turn or potential RT/RB (the pairs are trending wickedly sweet
Trend trading is a bit different w/the MACD entry (imho). I have made some great pips by placing entry orders on the 21 from the 1 hour. Also, using solid break and close above prior consolidation pattern (flat spot on hourly) high. Also, (and this isn't part of the MACD system) but has worked very nicely for 1 hour entry....I've bought cable whenever stochs cross upwards coming out of oversold region.
I'm not too comfortable placing blind orders right now either (not even sure I'm comfortable entering at market either). I'm w/Palmer, my rhythm is knocked off balance. Don't know how to trade historical highs and it is making me uncomfortable
Keep papertrading and practing jgarcia. Pretty soon you'll get the feel for the system. It's also an excellent idea to study previous posts to help get a feel for discretionary trading and the skills required.
Best to you,
Pips
Hello , i have a question for all the experienced traders here. According to the rules when price breaks thru the 21 it comes back and test it again, some times goes thru it, and then moves to 89. or bounces off the 21 for TC.
Now i am interested in the move to 89 looking at GU( cable). My queston is that can the price do the break of 21 , move back and thru it to test it agian within the same candle . like if a candle open above 21 went thru it then price retraced back resulting in a candle with a tail. If confirmed by macd to go short would it be considered a valid trade since the rule has been fulfilled.
I would really appreciate an answer.
Thanks ,
Nadia.
(I'll stop now)...trend...I wouldn't be brave enough to go short (my MACD confirmed an aggressive short when I posted the daily OK signal and I refused to consider contertrend trading cable & would have put 40 pips in the account...but it was way to risky for me personally). Hope you don't mind me expressing my concern for short trade.
!!!!. Just asking to learn as much as i can. Thankyou as Always!!!!
