Trading/Discussion: MACD / MA / BB / PA

Hello Traders

Welcome you to share your experiences in trading with MACD / MA / BB / PA.
I read before unflavored comments on certain indy, which is no need here.
No EA pls.

I use the said indy often.
A long trade on Silver made last Fri via M15 and M30.

Add:
-The basic trading method is listed in post no. 2
-A good source of candlestick education provided HERE (post no. 1)

This is a KISS trading method.

Trend trading is preferred due to good RR.
MACD-Histogram above 0 for long, below for short.
MACD-Histogram above Signal Line offering a potential to long, below for short.
MA8 above MA20 (BB) showing uptrend, below downtrend.

However, PA like PB, IB, Fakey, confluence area etc are important factors.

E/A is showing a potential to short.
Bearish Engulfing @ Weekly.
PB are seen @ D and lower tf (H4, H1, M30, M15).

Any comment?

Oil is showing a good uptrend imho
Last Fri, a PB popped up on MA8 (IB just next to the left) on D.
H4 showing a Bull Engulfing and PB.

What do you think?

Happy Pipping!

Hey Pama,

From my experience, you can use any entry system you would like. All indications you listed are suited towards your own trading philosophy. Shoot, you can even coin flip an entry into the market. My question is, are you using the same indication for your exits?

Crab

Hi CC

By book, the RR generally is said 1:1 or 2:1.
My long on Silver @ M15 is achieved 2:1.
Soon to be set BE and let it runs free.

Imho, it is subjective to one's appetite or trading philosophy.

Cheers

A free trade for Silver.
It's still quite for commodity for 2 days.

Closed Silver for just +50 pips.
But monitor the next PA for long.

Long Silver @ H4
MA8 above M20
Histogram above 0
Aim 31.50

Go long on gold on H1
when both H1 and H4
showing MA8 above MA20 + hist > 0
To BE soon

Market went wild and took my gold and silver... considered BE
Look for next long PA

3 GBP pairs are seen showing potential to go long.
PB are popped up on W, D and/or H4.
H4 showing potential uptrend - MA8 > MA20
H1 showing Histogram > 0

What is your thought?

Happy pipping

Long on DJ last Fri
Lower tf showing MA8 > MA20 + Hist > 0
Just follow the uptrend in higher tf
This one is in tight SL.

This is a discussion for moving averages, bollinger bands, and price action?

If so, I'd like to discuss a little. I've tried to do some MA system when I was first on this site, but even my own "systems" didn't get the tops or bottoms. There was always pips left. So, I started thinking about doing things differently, like instead of going long when price is above an MA, go short once it's above it and momentum has died down and then take profit once price hits the MA, whether to be rejected or not. I still use this idea, but I've been using a cross, as well.

But not like how a cross system usually goes. Usually, a system will have you buy once a MA crosses above a MA, but if you watch closely, on certain periods, when the cross over happens, more often than not, price will retreat towards the cross. To me, it represents an time when profits are being taken and it's just not really a good time to get into position. However, I noticed that in the future, the price level at which my MA's cross over can be used as a reference point. It's somewhat similar to the idea of a supply/demand imbalances. If you spot an extreme imbalance, if price goes back down near that level, it will more often than not bounce off. However, just like the imbalances, freshness applies, and once a cross over has been hit in the future, that's it.

Sometimes, a crossover represents when brokers start actively betting to get rid of their exposure, or where profits were taken to such an extent, that sentiment has changed.

I've been using bands, as well. I replaced my SMA with same period bands, and then started noticing things about the bands and future prices. When price drops significantly, watch the upper band. If the band peaks up while price is falling down, look for the price that the band peaked at. You wouldn't want to go long right when the band makes a new peak, but that would be an exit target. Also, when price is outside on of the bands, if it's a high or low, watch for price to break the bands at the same level. It has to be at the same level, price has to be outside bands both times, and it must be a high or low with price action. ( if it's going down, it made a low outside the bands.) This level shows a great chance of being bought up and price reversing to at least the middle band.

I try to think about what the indicators are really trying to indicate behind the charts. Don't ban me for this, because some people really do hate that.

Hi Gnarly

You write well indeed, but I don't as English is not my main language.

I just read your journal and like all other traders, everyone has his/her own trading philosophy, similarly goes to yours.
IMHO, no perfect system exist.

I already removed many indy but leaving MA, BB, MACD and PA.
I avoid past mistakes like over analyzing trades.
I hope one day I can trade with just PA

If a trading method is having a 40%-50% winning rate,
incorporating a good MM and patience (like a sniper),
then he/she will be making a good profit in a long term.

Thanks for your sharing.

You are welcome to post your trades and reasons.

Good trading.

I am out due to double PB @ M30
Might go long if good PA shows up later on

Cheers

Whilst awaiting a good PA for DJ, which was out, my Gold and Silver are fine and hope the same till NY ends.
Entries were made at the lower tf last Fri with the similar trading concept (no fancy )
Cheers

BE set.

Exit Gold and Silver for small profit.
Out due to star pattern and 2-candle PB.

Till tomorrow, happy trading.