Great system easy to use!

Well, I traded 15 and 60 before. I still do but I incorporated 5 minute chart too at certain times. When the market is choppy go to wthe 5 minute chart and also around 12a.m.-2a.m. est and after 11a.m. est. Otherwise I stick with the 15 and 60.

Do you only trade the rallies in a downtrend (dips in an uptrend) or do you also do countertrading based upon MACD to the FIB or EMA levels?

John

adams2kDo you only trade the rallies in a downtrend (dips in an uptrend) or do you also do countertrading based upon MACD to the FIB or EMA levels?

John

I trade which ever way the market is going. Does not matter to me. If the market looks like its going down or up I will ride it. I can kind of tell when the trend is coming and when its just ranging up and down.

Enzo,

To clarify for example...If a pair is in a downtrend (stacked 200, 100, 50) but the market appears to be ready for a retracement back to the 50, what determines your entry long back into the market?

Thanks in advance,

Adams2k

adams2kEnzo,

To clarify for example...If a pair is in a downtrend (stacked 200, 100, 50) but the market appears to be ready for a retracement back to the 50, what determines your entry long back into the market?

Thanks in advance,

Adams2k

Well, Price reaction and macd. The macd is the only thing that makes me get into a trade or a fibo level touch. If price is coming down and it hits for instance 61.8 fibo and bounces off and I start seeing macd turning a bit I will take the trade depending on how price is reacting. You have to get a feel for it. After a while you will master it and come up with another way.

I will not be on till later tonight. Going out for Sushi and then hitting the nightlife. Talk to you guys later!

Keep on pippin

Hi Enzo2325,
Thank you agein for your post. I am quite new. I skipped too many posts by you and did not see your time frames till later. It loks like yo work in the 5, 15 and one hour charts. I tried to match your GBP/JPY chart on my platform and it did not look the same in any time frame.
Thank you for your help

Traex: I found out about this service from another 4x forum that can autotrade MA crossover signals:

http://www.fabrefactum.com/tapowerbot.htm

However, I haven't tried them, and probably will not since I have too much time involved in learning MT4 and also their rates in my opinion are too pricey - just a possible resource for you to check out.

Hi Enzo,

Thanks for the system. I'm trying to figure out what you have added to the MACD Histogram. It looks like two MA's, could you elaborate?
Thanks.

pipsacker

TRhats just the way my macd is set up. I have two line. Most people have one, I dont know how to help those who cant get two. That is the only way to work this system is when the macd crosses. But if you have one line in your macd you cant see the cross.

Hi Enzo,

Thanks for the reply. The trigger line I have does not resemble either line of your cross. It has to be a pair of MA's, just don't know which ones.

pipsacker

Colour MacD with triggerlines.


Mart

Hi mart-hart,

Thanks for the MACD. Those triggerlines still do not match those lines of Enzo's.

pipsacker

Why not just drag the MAs from the menu one at a time to the MACD on the chart. Make one for the 12 and one for the 26 ...Viola!

Enzo,

How do you trade when the 15 and the 60 are at odds with each other...ie 15 uptrend and the 60 downtrend?

Adams2k

Hi guys I think this indicator should be the same as what enzo is using... check it out =)

that indicator Enzo is using...it is standard MACD, with histogram showing the difference between MACD and Signal line. NOthing significant IMO. But I guess you knew that

Happy trading

Bluefish

Here is a chart I am posting from last night. I traded this and it went for 400+ pips. This is another chart I have set up with a 40ema and 200ema. Almost the same as the other one but it helps me a little more. The arrows show how the price kept bouncing off the 40 ema and resuming in a downtrend. THIS IS MY 15 MIN CHART.

Here is another trade of mine from last night going for 84 pips. the 50 ema crossed down almost a death cross. Also macd crossed down so the trade was definately a good one.

Hope you guys saw these trades! Its a great time to go long on gbp/jpy. It passed its all time low of 228. Take the trade and ride it. Sometime I trade like this. I find the all time low or high and once its reached I place my trade. You will get an enormous amount of pips on this trade. Because it could retrace 100-200pips. Might not happen today but maybe on sunday or monday. IM going long!

I don't know how to help you guys on that. My platform is different and is automatically set up that way... Sorry...