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Trend Line Price Action with MACD strategy

  • #321
  • Jul 18, 2013 5:27pm Jul 18, 2013 5:27pm
OK thank for ur prompt response.
i would be most grateful if u can squeeze out some time to create the Video
have a nice day
cheers
  • #322
  • Jul 29, 2013 4:59am Jul 29, 2013 4:59am
Hi!

Very interesting thread. Would somebody please check the picture of EURJPY. Did i draw the lines correctly and what is the anticipation. Bounce from the red line?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_263 Jul. 29 12.57.jpg Size: 148 KB
  • #323
  • Jul 29, 2013 5:23am Jul 29, 2013 5:23am
Quoting tdforex
Hi! Very interesting thread. Would somebody please check the picture of EURJPY. Did i draw the lines correctly and what is the anticipation. Bounce from the red line? {image}

you draw it correctly but wait for it to break or when you see pin or hammer, then you have a bounce
  • #324
  • Jul 29, 2013 11:56am Jul 29, 2013 11:56am
Quoting afolabiay
{quote} you draw it correctly but wait for it to break or when you see pin or hammer, then you have a bounce
Thank you! Let's see, how it goes.

Do you have some good examples of trades that have triggered for example last week? Would be nice to look at good priceaction leading to the entry.
  • #325
  • Jul 29, 2013 2:15pm Jul 29, 2013 2:15pm
Quoting tdforex
{quote} Thank you! Let's see, how it goes. Do you have some good examples of trades that have triggered for example last week? Would be nice to look at good priceaction leading to the entry.
so where does the macd come into play? if the trendline breaks it breaks,why does one need the macd?probably missed something here and gunna get my ass kicked !
  • #326
  • Jul 29, 2013 3:23pm Jul 29, 2013 3:23pm
Quoting tdforex
{quote} Thank you! Let's see, how it goes. Do you have some good examples of trades that have triggered for example last week? Would be nice to look at good priceaction leading to the entry.

i will try and get you some picture for you to understand
  • #327
  • Jul 29, 2013 3:29pm Jul 29, 2013 3:29pm
Quoting Tedge UK
{quote} so where does the macd come into play? if the trendline breaks it breaks,why does one need the macd?probably missed something here and gunna get my ass kicked !
the MACD is to draw the trendline accurately, i think it will be better if you read the thread all over and see what i mean
  • #328
  • Aug 27, 2013 12:22am Aug 27, 2013 12:22am
Hi Afolabiay,

Am i drawing the correct trendline? Thanks.
Attached Image (click to enlarge)
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"Think Different From The Masses"
  • #329
  • Sep 16, 2013 4:49pm Sep 16, 2013 4:49pm
Quoting Riley
Hi Afolabiay, Am i drawing the correct trendline? Thanks. {image}
yes but try and use currency that does not range a lot
  • #330
  • Sep 16, 2013 6:53pm Sep 16, 2013 6:53pm
Quoting afolabiay
{quote} yes but try and use currency that does not range a lot
Thanks for the affirmation.
"Think Different From The Masses"
  • #331
  • Oct 3, 2013 1:06pm Oct 3, 2013 1:06pm
EURUSD
Attached Image (click to enlarge)
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  • #332
  • May 1, 2014 8:59am May 1, 2014 8:59am
Very very interesting thread . Finally I can draw perfect Trendline using MACD highs lows. Thank you afolabiay for your nice and helpful thread .
  • #333
  • May 2, 2014 6:42am May 2, 2014 6:42am
Quoting rozeweb
Very very interesting thread . Finally I can draw perfect Trendline using MACD highs lows. Thank you afolabiay for your nice and helpful thread .
you are welcome
  • #334
  • May 7, 2014 5:14pm May 7, 2014 5:14pm
afolabiay hi, very interested thread indeed and thank you for your efforts and keeping the thread alive for so long!

I have a few questions….

What happened when a trendline is broken like here… is trendline still valid in the future?

http://screencast.com/t/ehlX3czZ6h3F

Shouldn't we draw a new trendline from the new low (where trendline was broken) ?
  • #335
  • Edited 5:34pm May 7, 2014 5:18pm | Edited 5:34pm
afolabiay, the other question is about the entry. So after a brake of trendline - when the candle closes below the trendline - you wait for a pullback back to the trendline and than enter?

I have read the whole thread but entries are still not clear to me. Please clarify a little about where should we enter after a brake of trendline.

Example on the chart would be very welcome.

My example 1:
http://screencast.com/t/jkjcy1mDz8

My example 2:
http://screencast.com/t/Ix5uYK4x

p.s. loving this thread
  • #336
  • May 7, 2014 5:49pm May 7, 2014 5:49pm
I hope I am not annoying you with so many questions but those example are not covered in the thread...

USDJPY H4 current chart:

http://screencast.com/t/VsLOQgo5ld

It would be so nice if you cover all my questions, cause they are all very important to me.
  • #337
  • May 7, 2014 6:07pm May 7, 2014 6:07pm
Quoting letterB
I hope I am not annoying you with so many questions but those example are not covered in the thread... USDJPY H4 current chart: http://screencast.com/t/VsLOQgo5ld It would be so nice if you cover all my questions, cause they are all very important to me.
It is best you change the settings of your MACD to 30,60,30 first and send the screen shot if you want better explanations
  • #338
  • May 8, 2014 1:35pm May 8, 2014 1:35pm
Hello Afolabiay.

I did just read whole thread, i like it, and i hope to see it in action in my MICRO account, witch i use to test new strategies. I just would like to know am in right direction with this strategy.

So here are my pic of gold 4h. I will post few more setting if there is something to correct, and will do anyways, just to be sure i did get this right.

I hope this THREAD will be alive!
Attached Image (click to enlarge)
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  • #339
  • May 8, 2014 5:39pm May 8, 2014 5:39pm
Quoting medIce
Hello Afolabiay. I did just read whole thread, i like it, and i hope to see it in action in my MICRO account, witch i use to test new strategies. I just would like to know am in right direction with this strategy. So here are my pic of gold 4h. I will post few more setting if there is something to correct, and will do anyways, just to be sure i did get this right. I hope this THREAD will be alive! {image}
Nice!!! you draw it very well
  • #340
  • May 8, 2014 5:54pm May 8, 2014 5:54pm
Things you need to understand using this MACD and trend line is
1. To draw the line accurately
2. To time your entry
3. Know the market sentiment or trend.

Seeing a breakout does not mean it is a long or short signal..but you need to know whether there is a news reacting to it, for example
NZD Interest Rate news Previous 2.50 Forecast 2.75..there are rumors that 90 percent of the economist says that the interest rate will hike.. so we have 90% assurance that we are going to have the Actual at 2.75.... with this kind of information then we will see the market breaking out of MACD trendline and with this information it is best to trade the breakout because we already have a sentiment and we will see the market reacting to this 3 or 4 days before the news day.. we can trade inside bar, pin, or hammer or any or price action that shows the direction of the sentiment after the break out.

Hope you all understand this information. for any kind of question am always available here to answer your question.

Happy Trading

Regards
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