DislikedTrademin...thanks for the macd...i have this one already but will delete and reinstall...see if its different.. I just copied and paste the url from you tube.... eg.. www.youtube/p.nell.4hoursytem..... Arrow {quote} Okay i like this idea, going back to basics... Let me learn this week..... thanks all...Ignored
IMHO - it is not the Silver Bullet - it is only the TRIGGER that tells me that what I am seeing on price action is exactly what I am expecting or as Phil puts it - ANTICIPATING.
Imagine this for a moment: When we are in a trend, Price is happily bouncing along the 8ma most of the time but sometimes the 21 as well. As we know, price does not travel in a straight line upwards or downwards for extended periods of time (under normal conditions anyway ). It rests from time to time so we see pullbacks happening. These can happen at most any S/R, T/L, RN or as we have been learning - THE MA's. The Ma's are what we are trying to base our decisions upon and when I see price pulling away from that level generally I have missed the chance to enter a trade. What I am happy to wait for (PATIENCE NEEDED) is for price to settle and return to my MA level and at that point, I am given an opportunity to play when I see that price start moving again in the most recent direction =TREND CONTINUATION (TC). AT THAT POINT I WILL TAKE MY CONFIRMATION FROM THE MACD IF I AM GETTING THE CORRECT BAR CLOSE THAT TELLS ME MY EXPECTATIONS ARE ACCEPTABLE BUT my rules allow only for me to play in line with the market mood ( 89 Bullish or Bearish ? )
It is my job to pick the very best signal from all the pairs and if the Macd is confirming what I had anticipated price to do, I am fee to pull my trigger.
Don't forget though - it is easy to find & enter a trade - the hard part is getting out of it unharmed
Hope you guys can follow what I am trying to say.
Any comments are most welcome - perhaps you guys might have an even better way for this to be explained that will make it easier for all of us to understand.