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Zerolag MACD

  • #181
  • May 26, 2011 8:25am May 26, 2011 8:25am
Quoting jmw1970
Hi Jiva

cant see it mentioned anywhere (but may have missed it)

do you wait for the Heikin Ashi (the olive/green one) to be the appropriate color before entering - it appears so, but would like to be sure

It also appears that the Heikin Ashi smoothed has no real function, you do not appear to be using it to confirm the larger trend, therefore what is it's purpose.

Regards
John
waiting for ha to change to appropriate color..
yes that is a good idea if you want to catch bigger moves.

the ha smoothed doesn't have a particular function per se, just a visual guide for general trend..

the 20 ma, red line is good to watch. if an entry is indicated long below the 20 that is good, and if an entry short is indicated above the 20 then is good. possibility of some legs is there...
  • #182
  • May 26, 2011 8:27am May 26, 2011 8:27am
Quoting walb99
why are you not using stop loss orders to exit?
the trades are scalp trades. they happen so fast who has time.

I have a stop and a limit set for an emergency, like if power goes out.
limit 15, stop 30..

The trades can sometimes happen in a matter of seconds...
  • #183
  • May 26, 2011 8:28am May 26, 2011 8:28am
Quoting blutkehlchen
Youre absolutely right , and iam not talking about catching a trend , but your exits are looking random to me , if you use heikin ashi , why dont make use of there shape and/or colur change on closing/opening ?

I have taken some trades based on your startegy , and just use the HA for exit , and mostly that would have been the better trade ... But of course a few trades dont make a hard evidence
This is a good point.
I will keep an eye on it.
I leave a lot of pips on the table maybe I can stay in longer that way.
Thanks..
  • #184
  • May 26, 2011 8:32am May 26, 2011 8:32am
5min +5.7
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  • #185
  • May 26, 2011 8:38am May 26, 2011 8:38am
1min +3.7
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  • #186
  • Edited 8:49am May 26, 2011 8:39am | Edited 8:49am
GBPCAD, H1, 2011 Mai 26

It must be done!, ...may be for others not too early, better to wait for the MACD (12,24,9) crossover.

It's only my personal style to use these excellent tools in combination with the market environment just now with an earlier preferred short.
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  • #187
  • May 26, 2011 8:40am May 26, 2011 8:40am
This strategy is not for strongly trending fast moving markets.
It is very good for rangebound, and markets that are consolidating.
Where there are a lot of swing movements.
After all we are looking for divergence which is an indication of trend change....

At some point I would like to see how to use the zero lagmacd for identifying trend continuation which would be ideal for trending markets and catching big moves.

But for now I want to concentrate on looking for divergence on the 1 minute in rangebound markets. I'm sure I could build an account balance very nicely with just that alone..
  • #188
  • May 26, 2011 8:44am May 26, 2011 8:44am
Quoting Forexcube
GBPCAD, H1, 2011 Mai 26

It must be done!, ...may be for others not too early, better to wait for the MACD (12,24,9) crossover.

It's only my personal style to use these excellent tools in combination with the market environment just now with a earlier preferred short.
I agree this is an excellent tool. I'm sure there are as many ways to use it as there are traders...
  • #189
  • Edited 8:49am May 26, 2011 8:47am | Edited 8:49am
Quoting jiva34
I agree this is an excellent tool. I'm sure there are as many ways to use it as there are traders...
I agree, it's very good tool
john
  • #190
  • May 26, 2011 8:50am May 26, 2011 8:50am
Quoting jiva34
This strategy is not for strongly trending fast moving markets.
It is very good for rangebound, and markets that are consolidating.
Where there are a lot of swing movements.
After all we are looking for divergence which is an indication of trend change....

At some point I would like to see how to use the zero lagmacd for identifying trend continuation which would be ideal for trending markets and catching big moves.

But for now I want to concentrate on looking for divergence on the 1 minute in rangebound markets. I'm sure I could build an account...
see #187, please.

Hi jiva34!
Ah I understand, ...so we don't discuss the higher time frames. It could be fritter the topic.
Excuse me!
Best regards
FXcube
  • #191
  • May 26, 2011 8:52am May 26, 2011 8:52am
Quoting jaguar1637
I agree, it's very good tool
john
  • #192
  • Edited 10:03am May 26, 2011 9:05am | Edited 10:03am
I must be honest. Afterall the point of posting the thread is to share and learn.
I have done the unforgivable.
Not honored the emergency stop of -30.
And now I am stuck in the trade at a big loss.
There is no excuse for this.
I know better.
Down about -50 pips
No strategy is 100% right all the time. Things happen in the markets.
Talking heads say things that move the markets, geopolitical events happen, surprise!
anyway whatever, the entry long was there I took it and the market dipped and then just kept going.
If I had taken the loss early, 15 or 20 pips when it was obvious something had gone wrong, I would be able to make it back relatively easily. At worst to let the emergency stop at -30 take it out.
But now it's -50 pips and who know if it will turn around..
This is why I am trading demo. Until these kinds of bad habits or whatever are gone, I cannot trade real money.
We have all been here and done that.
To be successful there must be discipline. I'm getting close to being able to trade with the necessary discipline.
Stick to the 1 min chart and take a loss as soon as the trade does not act the way I had analyzed it would. It's a tough one for some of us. But if I am going to actually be successful I will have get passed this. It is the biggest stumbling block.
It's lunch time NY, London has closed. The candles are sitting on the wood pivot, I'll leave things alone for now and monitor the price action. I expect some retracing. Look for a suitable exit.
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  • #193
  • May 26, 2011 9:11am May 26, 2011 9:11am
Hi Jiva

wouldnt then it just be a case of looking for hidden divergence on the zerolag macd for trend continuation

lower high on price, higher high on zerolag (hidden bearish)
higher low on price, lower low on zerolag (hidden bullish)

I am assuming of course that you are basing the divergence calculations on the MACD line not the signal one

or have i misunderstood something again.....

Regards
John

Quoting jiva34
This strategy is not for strongly trending fast moving markets.
It is very good for rangebound, and markets that are consolidating.
Where there are a lot of swing movements.
After all we are looking for divergence which is an indication of trend change....

At some point I would like to see how to use the zero lagmacd for identifying trend continuation which would be ideal for trending markets and catching big moves.

But for now I want to concentrate on looking for divergence on the 1 minute in rangebound markets. I'm sure I could build an account...
  • #194
  • May 26, 2011 9:55am May 26, 2011 9:55am
1min -6.1
ugh...
lucky....
Perhaps I will remember the pain and uncertainty I had to go through the entire session and all the missed trades...
so that next time I honor the stop...
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  • #195
  • May 26, 2011 10:02am May 26, 2011 10:02am
Quoting jmw1970
Hi Jiva

wouldnt then it just be a case of looking for hidden divergence on the zerolag macd for trend continuation

lower high on price, higher high on zerolag (hidden bearish)
higher low on price, lower low on zerolag (hidden bullish)

I am assuming of course that you are basing the divergence calculations on the MACD line not the signal one

or have i misunderstood something again.....

Regards
John
Whoa... you a mind reader or what????
I was just trying to remember how the hidden divergence works. Not all that familiar with it.
2 computers up and running was researching hidden divergence on one and checking the thread on the other...

  • #196
  • May 26, 2011 10:13am May 26, 2011 10:13am
Quoting jmw1970
Hi Jiva

wouldnt then it just be a case of looking for hidden divergence on the zerolag macd for trend continuation

lower high on price, higher high on zerolag (hidden bearish)
higher low on price, lower low on zerolag (hidden bullish)

I am assuming of course that you are basing the divergence calculations on the MACD line not the signal one

or have i misunderstood something again.....

Regards
John
So for hidden divergence and a continuation entry signal it would look like this:


DEADLY.............................................
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  • #197
  • May 26, 2011 10:19am May 26, 2011 10:19am
that's it for today...
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  • #198
  • May 26, 2011 10:39am May 26, 2011 10:39am
Quoting jiva34
I must be honest. Afterall the point of posting the thread is to share and learn.
I have done the unforgivable.
Not honored the emergency stop of -30.
And now I am stuck in the trade at a big loss.
There is no excuse for this.
I know better.
Down about -50 pips
No strategy is 100% right all the time. Things happen in the markets.
Talking heads say things that move the markets, geopolitical events happen, surprise!
anyway whatever, the entry long was there I took it and the market dipped and then just kept going.
If I had taken the loss early,...
For any scalping system where profit is taken at the first sign of stalling, it is probably the number 1 mistake to ride a loss. Losses can get out of hand so quickly and all of a sudden one bad trade takes out a few days worth of profits. There goes RR out the window.

A lesson I learnt the hard way many times in scalping is, rather stop out many times with the likelyhood that you will break even for the day or suffer a slight loss, than feel the heart wrenching, gut ripping feeling that you should have cut and run, but didn't. For me the tight SL and emergency SL is to avoid emotional derailment. I hate that feeling.

Regards,

JC
  • #199
  • May 26, 2011 10:44am May 26, 2011 10:44am
Quoting jiva34
1min -6.1
ugh...
lucky....
Perhaps I will remember the pain and uncertainty I had to go through the entire session and all the missed trades...
so that next time I honor the stop...
Pain has its benefits, even emothional pain. It makes us think twice the next time. Hopefully it will happen again before you move onto a real account, to engrain the feeling into your mind.

Reagrds,

JC
  • #200
  • May 26, 2011 10:47am May 26, 2011 10:47am
Quoting jiva34
So for hidden divergence and a continuation entry signal it would look like this:


DEADLY.............................................
Without looking into it, my gut tells me that continuation entrys with system needs to be looked at a higher TF, maybe 5m. I will have a look when I have time to look at a strong trending day.

Regards,

JC
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