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Trend Line Price Action with MACD strategy

  • #41
  • Nov 17, 2012 12:37am Nov 17, 2012 12:37am
Interesting system. I've always liked MACD. Combining with trend lines in this way is novel. Just never quite saw it this way. Getting my head around this but I am starting to see the trading opportunities. Look forward to more examples
  • #42
  • Nov 18, 2012 9:33am Nov 18, 2012 9:33am
Hello
How about this
any correction?
thanks
Attached Image (click to enlarge)
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  • #43
  • Nov 18, 2012 2:56pm Nov 18, 2012 2:56pm
Quoting harlam
Thank you afolabiayfor the idea of ​​using the MACD. Wanted to know is it right I have drawn a trend line in the picture?
yea you are right, am going to post more advance one's using woodies to use in 30 minutes and there is no false signal -

sorry for the late response

nice work
  • #44
  • Nov 18, 2012 3:00pm Nov 18, 2012 3:00pm
Quoting cku
Hello
How about this
any correction?
thanks
the low is correct and the high is almost you just need to draw your trend line to high not exact place that the MACD show the high (that means the high before the MACD cross)

sorry for the late response
  • #45
  • Nov 18, 2012 4:03pm Nov 18, 2012 4:03pm
Quoting cku
Hello
How about this
any correction?
Quoting afolabiay
the low is correct and the high is almost you just need to draw your trend line to high not exact place that the MACD show the high (that means the high before the MACD cross)
Because there is divergence on MACD, I think.
Attached Image (click to enlarge)
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  • #46
  • Nov 18, 2012 4:15pm Nov 18, 2012 4:15pm
Quoting afolabiay
yea you are right, am going to post more advance one's using woodies to use in 30 minutes and there is no false signal
Thank you! I look forward to your new ideas (I tried use Woodie in the past).
"There is no false signal" - unbelievable, can't wait
  • #47
  • Nov 18, 2012 11:23pm Nov 18, 2012 11:23pm
Quoting harlam
Because there is divergence on MACD, I think.
we don't care about divergence in this case only the trend line break out and bounce
  • #48
  • Nov 19, 2012 2:25am Nov 19, 2012 2:25am
Quoting afolabiay
we don't care about divergence in this case only the trend line break out and bounce
Yes, I know. I mean what peaks and valleys in the chart used to draw correct trend lines
Attached Image (click to enlarge)
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  • #49
  • Nov 19, 2012 3:40am Nov 19, 2012 3:40am
Quoting harlam
Yes, I know. I mean what peaks and valleys in the chart used to draw correct trend lines
you are correct with the drawing of your trend line my mt4 is crashing since morning am trying to solve the problem
  • #50
  • Nov 19, 2012 4:06am Nov 19, 2012 4:06am
Looks like time to buy.
Attached Image (click to enlarge)
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  • #51
  • Nov 19, 2012 4:26am Nov 19, 2012 4:26am
Quoting harlam
Looks like time to buy.
yea that's it
  • #52
  • Nov 19, 2012 7:06am Nov 19, 2012 7:06am
Am looking for another charting tool mt 4 is crashing on my pc now, i use marketiva streamster for my execution and mt4 for my signal setup, please can someone post a lite and free charting tool that i can use
  • #53
  • Nov 19, 2012 7:39am Nov 19, 2012 7:39am
Hello


You can use charts from here: www.netdania.com


Regards
Enter Signature
  • #54
  • Nov 19, 2012 9:27am Nov 19, 2012 9:27am
afolabiay, is this a valid sell for USDCHF H4?

I'm using the default setting of MACD_4CZ (5,34)... it seems to show more trades than the MACD from MT4 (12, 26)

http://img42.imageshack.us/img42/4982/usdchfh4.png
  • #55
  • Nov 19, 2012 10:10am Nov 19, 2012 10:10am
Quoting wilsonch
afolabiay, is this a valid sell for USDCHF H4?

I'm using the default setting of MACD_4CZ (5,34)... it seems to show more trades than the MACD from MT4 (12, 26)

http://img42.imageshack.us/img42/4982/usdchfh4.png
The same situation as on EUR/USD (see above) but looks like in the mirror.
  • #56
  • Nov 19, 2012 10:15am Nov 19, 2012 10:15am
Quoting harlam
The same situation as on EUR/USD (see above) but looks like in the mirror.
exactly, i have entered buy in the EURUSD.. seems to hit TP soon.. keep fingers crossed
  • #57
  • Nov 19, 2012 1:15pm Nov 19, 2012 1:15pm
Hello
Is this the right line drawn
Attached Image (click to enlarge)
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  • #58
  • Nov 19, 2012 2:35pm Nov 19, 2012 2:35pm
Quoting wilsonch
afolabiay, is this a valid sell for USDCHF H4?

I'm using the default setting of MACD_4CZ (5,34)... it seems to show more trades than the MACD from MT4 (12, 26)

http://img42.imageshack.us/img42/4982/usdchfh4.png

sorry for the late response your trend line is correct if you think you have more chance and you are cool with it thats ok
  • #59
  • Nov 19, 2012 2:38pm Nov 19, 2012 2:38pm
Quoting amin18n
Hello
Is this the right line drawn
the first trend line is correct but the second one is not because you don't let the MACD cross back before you decide the low.
  • #60
  • Nov 19, 2012 2:47pm Nov 19, 2012 2:47pm
Quoting harlam
Looks like time to buy.
according to your trend line today cause my mt4 is crashing i have up to +35 pips just now will be closing soon when it is up to 40 pips

you made me make some pips today
thanks
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