DislikedHi,
I just dropped by this thread to let you all know, im a big fan of Phillip Nel's 4hour macd and i've been using it since over a year in my analysis.
I also have to admit that ive always made losses whenever i step into TF below the 4hour and i rarely make losses when i trade on 4hour TF, 4hour TF is just great, we just need to keep an eye on 30 candles a week (How Easy is that! )
Thanks to macd from phillip ive made a whooping 50pips+ this morning on EU, GU, AU and NU long trades.
I would like to share a noticement about the TC (Trend Continuation signal on macd) , for some reason it will usually "if not always" occur around or exactly on the candles that has a corresponding same direction Fractal on it.
Heres my screenshot of how im using this (Kinda zoomed in completly) & the Fractal signal that starts a TC on Macd.
Attachment
Ignored
Fractal up = when candle makes a lower low and closes in the upper half
Fractal Down = when candle makes a higher high and closes in the lower half
I mean that when there's a same direction fractal, you will sometimes notice the signal on the macd.
Thats All! lolz