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Trend Line Price Action with MACD strategy

  • #21
  • Nov 16, 2012 4:05am Nov 16, 2012 4:05am
Quoting cku
Textbook Trade
Please would this be a valid sign for a sell
thanks
This is the correct one and not in sell yet, you draw it wrong look at the point i draw the rectangle and eclipse, that is the swing low for now and the price have not yet break it
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  • #22
  • Nov 16, 2012 4:51am Nov 16, 2012 4:51am
Hallo Afo,

Thank you for your fresh and unique idea.
Keep going to teach and share your skill.

Thanks and Regards,
Anton




Quoting afolabiay
Hello Traders, I welcome you all to my thread which is all about trend line with MACD, i want to give out this strategy to all traders that are willing to trade the market with ease and for traders that are finding it difficult to draw the trend line.

its works with any currency, futures, commodity


Here is the strategy steps

Open any desirable chart, any time frame (Prefer from 4 hours upward)
Insert the MACD indicator.(Default settings)

MACD will show you the swing high and low for the current market then you can draw your trend...
  • #23
  • Nov 16, 2012 8:24am Nov 16, 2012 8:24am
Quoting antonsatu
Hallo Afo,

Thank you for your fresh and unique idea.
Keep going to teach and share your skill.

Thanks and Regards,
Anton
thanks
  • #24
  • Nov 16, 2012 10:39am Nov 16, 2012 10:39am
New EURUSD trend line. waiting for MACD to cross to -0.000 after the candle close then the magenta color trend line is valid, while the yellow trend line is already valid.
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  • #25
  • Nov 16, 2012 10:56am Nov 16, 2012 10:56am
Is this one right if not where am i getting it wrong
thanks
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  • #26
  • Nov 16, 2012 12:20pm Nov 16, 2012 12:20pm
Quoting cku
Is this one right if not where am i getting it wrong
thanks
Nice try
The lows of the trend line is nearly accurate but the high one's is not accurate, and i have rule out the high and lows by the MACD using a vertical line (through a picture) so as to know what you are missing, and i use the second picture to draw the real trend line that you should have drawn, look at it very well and you will know what you are missing.
Attached Image(s) (click to enlarge)
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  • #27
  • Nov 16, 2012 12:31pm Nov 16, 2012 12:31pm
The USDJPY is in 32+ pips profit i will move my SL to BE after the close of the current bar
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  • #28
  • Nov 16, 2012 12:51pm Nov 16, 2012 12:51pm
Hello Afolabiay
what u are trying to say is that the Highs on the Graph must correspond to the highs on the MACD
and Vice versa
  • #29
  • Nov 16, 2012 12:56pm Nov 16, 2012 12:56pm
Quoting cku
Hello Afolabiay
what u are trying to say is that the Highs on the Graph must correspond to the highs on the MACD
and Vice versa
yes that is what am saying and there you will draw your trend line
  • #30
  • Nov 16, 2012 1:09pm Nov 16, 2012 1:09pm
Please what do u mean by moving stoploss to BE
  • #31
  • Nov 16, 2012 1:17pm Nov 16, 2012 1:17pm
it seems simpler to draw swing high and swing low! thanks afolabiay! will give it a try!
  • #32
  • Nov 16, 2012 1:20pm Nov 16, 2012 1:20pm
can i use this system in 1 hr time frame or only 4hr and abv thnkyou for your time
  • #33
  • Nov 16, 2012 1:31pm Nov 16, 2012 1:31pm
How far
did i get it this time around
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  • #34
  • Nov 16, 2012 1:50pm Nov 16, 2012 1:50pm
Quoting cku
Please what do u mean by moving stoploss to BE
BE mean Break even
  • #35
  • Nov 16, 2012 1:53pm Nov 16, 2012 1:53pm
Quoting rajini
can i use this system in 1 hr time frame or only 4hr and abv thnkyou for your time
there are a lot of false signal that did not a lot guarantee profit but 4H,1D,1W,1M is the best
  • #36
  • Nov 16, 2012 1:54pm Nov 16, 2012 1:54pm
Quoting wilsonch
it seems simpler to draw swing high and swing low! thanks afolabiay! will give it a try!
Yea just as ABC to make money thank you for your time reading my thread
  • #37
  • Nov 16, 2012 1:55pm Nov 16, 2012 1:55pm
Quoting cku
How far
did i get it this time around
you get the low trend line and you are to sell in that condition but your high trend is not accurate
  • #38
  • Nov 16, 2012 2:12pm Nov 16, 2012 2:12pm
Quoting afolabiay
there are a lot of false signal that did not a lot guarantee profit but 4H,1D,1W,1M is the best
thaks for the reply i will try with 4hr and see
  • #39
  • Nov 16, 2012 2:13pm Nov 16, 2012 2:13pm
Quoting cku
How far
did i get it this time around
Hi cku,

I think you have to draw a new trend line connectin the last low of previous trendline with the new one already formed in order to get a more accurate picture of all.

Regards.
  • #40
  • Nov 16, 2012 3:27pm Nov 16, 2012 3:27pm
Thank you afolabiayfor the idea of ​​using the MACD. Wanted to know is it right I have drawn a trend line in the picture?
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