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Trend Line Price Action with MACD strategy

  • #61
  • Nov 19, 2012 4:34pm Nov 19, 2012 4:34pm
Quoting afolabiay
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
I just used your ideas.
  • #62
  • Nov 19, 2012 5:43pm Nov 19, 2012 5:43pm
Quoting afolabiay
we don't care about divergence in this case only the trend line break out and bounce
imho, since the macd is used, it does gives good divergence signals, like the one on USD/CAD last Fri.
btw, i use single line macd with BB.

this is a good thread... as i have always confused in drawing TL (i use SL/RL), i can learn it TL here. pls. post more your trades, afolabiay

have a good pipping day.
Trade As A Sniper
  • #63
  • Nov 19, 2012 10:16pm Nov 19, 2012 10:16pm
How Far on this AUDUSD
am watching this
how far as pa de trend Lines
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  • #64
  • Nov 19, 2012 10:51pm Nov 19, 2012 10:51pm
Quoting cku
How Far on this AUDUSD
am watching this
how far as pa de trend Lines
hi afo

sorry to ask... due confusion when do i suppose to draw the correct TL for 1, 2, 3, and 4, based on the MACD?
Attached Image (click to enlarge)
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Trade As A Sniper
  • #65
  • Nov 19, 2012 11:03pm Nov 19, 2012 11:03pm
Quoting cku
How Far on this AUDUSD
am watching this
how far as pa de trend Lines
this is correct
  • #66
  • Nov 19, 2012 11:05pm Nov 19, 2012 11:05pm
Quoting pama.fx
hi afo

sorry to ask... due confusion when do i suppose to draw the correct TL for 1, 2, 3, and 4, based on the MACD?
the correct one is the TL label 3 cause the low of the MACD is more visible
  • #67
  • Nov 19, 2012 11:15pm Nov 19, 2012 11:15pm
Quoting pama.fx
hi afo

sorry to ask... due confusion when do i suppose to draw the correct TL for 1, 2, 3, and 4, based on the MACD?
i correct you using microsoft paint so its a little bit rough, i should have use mt4 but mine is not working
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  • #68
  • Nov 20, 2012 2:28am Nov 20, 2012 2:28am
Hello pls whats the rule for Drawing the Trend Line i think with that one can have an idea. From your graph I can see u the trend Line Passing through the Recent Lows on the MACD is this one of the Rules? U can download Greenshot to capture and edit on your Graph thats better than paint cheers
  • #69
  • Nov 20, 2012 3:13am Nov 20, 2012 3:13am
Quoting cku
Hello pls whats the rule for Drawing the Trend Line i think with that one can have an idea. From your graph I can see u the trend Line Passing through the Recent Lows on the MACD is this one of the Rules? U can download Greenshot to capture and edit on your Graph thats better than paint cheers
The steps are: 1. look for recent low and high on Macd that are visible to the eye not a small tiny that is hard to see but a round one that is well visible to the eyes

2. draw a trend joining the high's and the low's, i use 2 recent low's and high's and low for the break out or bounce.

3. make sure that recent low or high as been made by looking at the MACD if crossed to the other side (either high or low). as you can see in the picture below i will label all you need to understand there.
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  • #70
  • Nov 20, 2012 3:27am Nov 20, 2012 3:27am
thanks so wen are we moving to the next level
  • #71
  • Nov 20, 2012 3:40am Nov 20, 2012 3:40am
Quoting cku
thanks so wen are we moving to the next level
what do you mean by next level?
  • #72
  • Nov 20, 2012 5:15am Nov 20, 2012 5:15am
Oh I mean next stage of Trend Line PA with MACD
  • #73
  • Nov 20, 2012 2:13pm Nov 20, 2012 2:13pm
Quoting afolabiay
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
You can find it there - FreeStockCharts.com, you'll need to have internet browser only. Can't see much difference between mt4 and that chart.
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  • #74
  • Nov 20, 2012 5:19pm Nov 20, 2012 5:19pm
Quoting harlam
You can find it there - FreeStockCharts.com, you'll need to have internet browser only. Can't see much difference between mt4 and that chart.
thanks i will check it out
  • #75
  • Nov 20, 2012 5:47pm Nov 20, 2012 5:47pm
GBPJPY new trend line setup 30 minutes chart with settings 30,60,30 i use for marketiva and make sense to me
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  • #76
  • Nov 20, 2012 5:54pm Nov 20, 2012 5:54pm
AUDUSD Setup
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  • #77
  • Nov 20, 2012 7:02pm Nov 20, 2012 7:02pm
I was going to sell GBP/JPY and EUR/JPY for the last two days. It could be my big mistake. Thanks afolabiay. I didn't buy by using your trend line system, but my tears still inside me, cause I didn't sell.
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  • #78
  • Nov 21, 2012 1:01am Nov 21, 2012 1:01am
Quoting harlam
I was going to sell GBP/JPY and EUR/JPY for the last two days. It could be my big mistake. Thanks afolabiay. I didn't buy by using your trend line system, but my tears still inside me, cause I didn't sell.
Hmmn thank God you did not take the sell.
  • #79
  • Nov 21, 2012 1:11am Nov 21, 2012 1:11am
GOLD
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  • #80
  • Nov 21, 2012 2:51am Nov 21, 2012 2:51am
TXBOOK TRADE for a sell
hope i got my TrendLine because that the Main thing
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