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Trend Line Price Action with MACD strategy

  • #141
  • Nov 23, 2012 3:17pm Nov 23, 2012 3:17pm
Quoting harlam
I'm sorry, there wasn't MACD TL method signal. I was hurrying
Yea the high one is invalid
  • #142
  • Edited 3:54pm Nov 23, 2012 3:23pm | Edited 3:54pm
Quoting harlam
I can't see MACD points to draw one line
I don't know why but that's how its happen in marketiva and you can see that i circled the MACD point before deciding it may be different from mt4 that is why i prefer mt4 before,because marketiva MACD is not really clear to me but i manage it and make good profit
  • #143
  • Nov 23, 2012 4:59pm Nov 23, 2012 4:59pm
Quoting burnzmeister
MACD just follows price action. You don't need this indictaor to draw trend lines. Concentrate on PA, not lagging indictors...
I just started reading this thread completely today and I think that using the hi/lo MACD is confirmation of a safer trade to take. I tried TL only but had a lot of false breaks so maybe the MACD is the answer. Just my lowly opinion however. p
  • #144
  • Nov 24, 2012 2:59am Nov 24, 2012 2:59am
Quoting afolabiay
I don't know why but that's how its happen in marketiva and you can see that i circled the MACD point before deciding it may be different from mt4 that is why i prefer mt4 before,because marketiva MACD is not really clear to me but i manage it and make good profit
It because the histogram in MACD with 2 lines shows not highs and lows but divergence
  • #145
  • Nov 24, 2012 5:26am Nov 24, 2012 5:26am
Quoting afolabiay
I don't know why but that's how its happen in marketiva and you can see that i circled the MACD point before deciding it may be different from mt4 that is why i prefer mt4 before,because marketiva MACD is not really clear to me but i manage it and make good profit
Yeah, the same story with Gold. TLs in my MT4 look differently.
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  • #146
  • Nov 24, 2012 8:22am Nov 24, 2012 8:22am
Quoting madprofit
It because the histogram in MACD with 2 lines shows not highs and lows but divergence
Thanks
  • #147
  • Nov 24, 2012 8:25am Nov 24, 2012 8:25am
Quoting harlam
Yeah, the same story with Gold. TLs in my MT4 look differently.
Nice chart you got, i wish mine look like that, maybe i will format my PC so that i can use the mt4 i hate confusion .
mt4 look clear to me than marketiva
  • #148
  • Nov 24, 2012 11:33am Nov 24, 2012 11:33am
Quoting afolabiay
Nice chart you got, i wish mine look like that, maybe i will format my PC so that i can use the mt4 i hate confusion .
mt4 look clear to me than marketiva
I didn't understand what happened with your PC. Why can not you use MT4 right now?
  • #149
  • Nov 24, 2012 11:55am Nov 24, 2012 11:55am
my GOLD H4, this jump looks suspicious but pending order could bring some pips. May we use it?
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  • #150
  • Nov 24, 2012 12:11pm Nov 24, 2012 12:11pm
Quoting madprofit
my GOLD H4, this jump looks suspicious ...
Attachment
There is nothing suspicious. Just look D1 chart. It was a good PPZ break.
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  • #151
  • Nov 24, 2012 2:38pm Nov 24, 2012 2:38pm
Quoting harlam
There is nothing suspicious. Just look D1 chart. It was a good PPZ break.
I could take this H4 candle with no doubts with a little stop loss, but now it can move back
  • #152
  • Nov 24, 2012 7:28pm Nov 24, 2012 7:28pm
Quoting madprofit
my GOLD H4, this jump looks suspicious but pending order could bring some pips. May we use it?
Attachment
hope you have made some pips on gold

with PA and MACD i also long based on h1 and h4.
h1 MACD bars already broken up.
h4 PA shown pb + doji + bull engulfing.
risk 60+pips but already BE to let it runs free.
see how the gold will turn next week.
cheers
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Trade As A Sniper
  • #153
  • Nov 25, 2012 8:11am Nov 25, 2012 8:11am
Quoting harlam
I didn't understand what happened with your PC. Why can not you use MT4 right now?
I think its virus called worm that make my mt4 open and close immediately
  • #154
  • Nov 25, 2012 8:28am Nov 25, 2012 8:28am
Quoting harlam
I didn't understand what happened with your PC. Why can not you use MT4 right now?
I think its virus called worm that make my mt4 open and close immediately
  • #155
  • Nov 25, 2012 8:30am Nov 25, 2012 8:30am
Quoting pama.fx
hope you have made some pips on gold

with PA and MACD i also long based on h1 and h4.
h1 MACD bars already broken up.
h4 PA shown pb + doji + bull engulfing.
risk 60+pips but already BE to let it runs free.
see how the gold will turn next week.
cheers
Nice entry too bad i don't trade the Gold i only use it for correlation to USD pair
  • #156
  • Nov 25, 2012 8:33am Nov 25, 2012 8:33am
Quoting madprofit
I could take this H4 candle with no doubts with a little stop loss, but now it can move back
If you trade according to this strategy you have nothing to fear but is too late now to trade the GOLD because of draw down you need to wait for another opportunity, they will always come
  • #157
  • Nov 25, 2012 10:33am Nov 25, 2012 10:33am
Quoting afolabiay
I think its virus called worm that make my mt4 open and close immediately
Very strange worm if it eats your MT4 only. I think, it's Financial Worm interested your method! )))

Have you tried to reinstall MT4 in any other place in your PC?
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  • #158
  • Nov 25, 2012 10:36am Nov 25, 2012 10:36am
Quoting afolabiay
If you trade according to this strategy you have nothing to fear but is too late now to trade the GOLD because of draw down you need to wait for another opportunity, they will always come
yep, that was I talking about
  • #159
  • Nov 25, 2012 11:07am Nov 25, 2012 11:07am
Quoting afolabiay
If you trade according to this strategy you have nothing to fear but is too late now to trade the GOLD because of draw down you need to wait for another opportunity, they will always come
Afolabi,how far brother.You've got an interesting system i must confess.I use trend lines too but there are so many fake breakouts using trendline.It seems using macd to draw the trendlines helps reduces falses entries.Pls i will appreciate if you can take your time to explain the whole process again.I want to inculcate this into my system.jo, ma binu omoiya.waiting for your reply plssssssssssssss
  • #160
  • Nov 25, 2012 11:26am Nov 25, 2012 11:26am
Quoting harlam
my second trade using MACD TL and I look D1 chart again.

Hi all

I dont understand why divergence is not being considered in this thread. Divergence plays a very important role & may a very good addition to finding price action apart from trend line determination

Thanks

4xprofessor
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