Thats why it is not nescessary to chase every signal of the MACD of 5 currency pairs. 8 trades per month will give 300+ pips. One currency pair gives between 8-12 signals. If you trade only the top 5 signals you will get above 200 pips per month.
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Dislikedhere is another one[/quote
Well done. That is the motion part of the price action showing its emotion.Ignored
Disliked
Yes, but what about this one (see yellow arrow)?
1) MACD signalbar for a long
2) Strong bullish price candle above MACD signal bar bouncing off the 89 SMA
3) Next candle open at the 8 EMA and at that moment for me not clear enough to know which way it would go
Great job and special thanks to you for this very interesting thread!Ignored
DislikedPhillip,
Your system can also be very well combined with divergences. Do you use them?Ignored
Disliked
Yes, but what about this one (see yellow arrow)?
1) MACD signalbar for a long
2) Strong bullish price candle above MACD signal bar bouncing off the 89 SMA
3) Next candle open at the 8 EMA and at that moment for me not clear enough to know which way it would go
Great job and special thanks to you for this very interesting thread!Ignored
DislikedSuperb explaination Phil...
But is still longway for me, only got 7 deals by using MACD only. I still need to read and understand your notes regarding SMA's and EMA's plus trendlines.
My rating is ...EXCELLENT!Ignored
Disliked
Ha-ha, when I posted this trade, I was expecting this question about the second bullish bar. Phillip perfectly responded to this and let me comment a few words.
Yes, it bounced from 89SMA. However, in my interpretation of the MACD signal, the third bar on the MACD which signified potential reversal for the long was not at all that aggressive, so a true reverse V was not quite clear. In the hindsight even if I would have taken the long trade I could realize the mistake with the next bearish candles and true MACD continuation pattern.Ignored
DislikedHi Phil,
I am using FXDD Meta4 as my charting platform. Compared with your chart, I notice there are differences. For some examples, look at my chart (Red lines correspond to your signal bar (MACD) while blue lines are mine, and the number is the Deal number). These differences not only would have caused me some pips, but also might lose the trade.
FYI, I can only enter SingalSMA=1 instead of MACD EMA=1 in my MACD properties. Does this cause the difference? Does anybody knows how to change to MACD EMA=1 in FXDD MT4? What platform do you use, Phil? I know this is a bit late to ask, but I am still trying to learn and figure out why I got only 7 deals out of your 23 total? Thank in advance for any comments.Ignored
DislikedHi Phil,
I am using FXDD Meta4 as my charting platform. Compared with your chart, I notice there are differences. For some examples, look at my chart (Red lines correspond to your signal bar (MACD) while blue lines are mine, and the number is the Deal number). These differences not only would have caused me some pips, but also might lose the trade.
FYI, I can only enter SingalSMA=1 instead of MACD EMA=1 in my MACD properties. Does this cause the difference? Does anybody knows how to change to MACD EMA=1 in FXDD MT4? What platform do you use, Phil? I know this is a bit late to ask, but I am still trying to learn and figure out why I got only 7 deals out of your 23 total? Thank in advance for any comments.Ignored
DislikedHello Philippe Nel,
You launched a thread on 01.01.2007 named the "5min intraday system" base on MM. The 01.28.2007 u launched the "4 Hour Strategy" based on MACD. I am just wondering which one of those strategy you are trading on? Both?
Cheers,Ignored
DislikedHi Phillip,
In relation to your highway analogy, the EUR/USD, and the GBP/USD really shouldnt' be going anywhere quickly and they are along the 365 EMA which is what you mentioned a slow lane. When they hit the slow lane, what do you look for? do they follow the same signals?
I'm looking for what to do with both of them. are you holding for a certain signal inparticular?
Thanks!Ignored
DislikedThis has been adressed earlier. 1SMA or 1EMA remains the same. The time difference is with the broker closure time of their 4hour candle. That is why the closurs of your 4hour candle differs from mine. I am using Metatrader4 with data supply by MIG.Ignored