Attachments: Trend Line Price Action with MACD strategy

Trend Line Price Action with MACD strategy

#381
May 24, 2015 7:18pm May 24, 2015 7:18pm

PaulT7
| Joined Nov 2014 | Status: Trader | 16 Posts

Updated version of the 3rd Wave Algol is on this thread.

#382
Aug 23, 2015 3:36am Aug 23, 2015 3:36am

PlayDefence
| Joined Aug 2015 | Status: Trader | 2 Posts

Hi, afolabiay.

Thanks for sharing your TL strategy, it's quite clear and easy to follow.

#383
Sep 15, 2015 4:38am Sep 15, 2015 4:38am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

Quoting PlayDefence

Disliked

Hi, afolabiay. Thanks for sharing your TL strategy, it's quite clear and easy to follow.

Ignored

thanks

#384
Sep 15, 2015 4:41am Sep 15, 2015 4:41am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

Quoting PaulT7

Disliked

On 4H EURJPY chart a price bounced off the 1H MACD trendline, multiple 3rd Wave Algorithm TLs and the blue rectangle WRB-Hidden Gap. The Mouteke indicator wasn't any addition help. {image}

Ignored

its has too many lines

#385
Sep 15, 2015 5:03am Sep 15, 2015 5:03am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

This thread is live again i will start posting charts and signals

#386
Sep 15, 2015 5:08am Sep 15, 2015 5:08am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

my last trade

Attached Image (click to enlarge)

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Size: 36 KB

#387
Sep 15, 2015 5:11am Sep 15, 2015 5:11am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

New setup........i expect the MACD to be at zero level so that the upper trend line can be valid

Attached Image (click to enlarge)

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Name: EURUSDH4.png
Size: 33 KB

#388
Sep 15, 2015 5:17am Sep 15, 2015 5:17am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

AUDUSD Setup

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Size: 35 KB

#389
Sep 16, 2015 6:56am Sep 16, 2015 6:56am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

EURUSD coming back looking to sell hard

Attached Image (click to enlarge)

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Name: EURUSDH4.png
Size: 31 KB

#390
Oct 5, 2015 1:10pm Oct 5, 2015 1:10pm

JustinChyke
| Joined May 2010 | Status: Trader | 11 Posts

Thanks Afolabiay for your recent updates. I've been following this thread for long. I quite understand the entry signal, but I'm quite lost about the Target/take profit point(s). Could you please enlighten me on this? How do you take the profit...Trailing stop?

Forex is Simple but definitely NOT Easy!

#391
Oct 16, 2015 9:00am Oct 16, 2015 9:00am

REgroup
| Joined Oct 2014 | Status: Trader | 23 Posts

Hi Afolabi,

Would you say this is a nice setting coming up for Buy on AUDUSD?

Cheers,

Abi

Attached File(s)

AUDUSD.docx 132 KB | 432 downloads

#392
Oct 19, 2015 5:08am Oct 19, 2015 5:08am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

Quoting JustinChyke

Disliked

Thanks Afolabiay for your recent updates. I've been following this thread for long. I quite understand the entry signal, but I'm quite lost about the Target/take profit point(s). Could you please enlighten me on this? How do you take the profit...Trailing stop?

Ignored

i use round numbers for my stop loss and take profit

#393
Oct 19, 2015 5:10am Oct 19, 2015 5:10am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

Quoting REgroup

Disliked

Hi Afolabi, Would you say this is a nice setting coming up for Buy on AUDUSD? Cheers, Abi {file}

Ignored

NO, read the thread very well

#394
Oct 19, 2015 5:13am Oct 19, 2015 5:13am

REgroup
| Joined Oct 2014 | Status: Trader | 23 Posts

Quoting afolabiay

Disliked

{quote} NO, read the thread very well

Ignored

Ok, thanks.

Will keep checking.

#395
Jan 18, 2016 5:38pm Jan 18, 2016 5:38pm

Fxkuba
| Joined Sep 2015 | Status: Trader | 7 Posts

Great strategy. Noticed that if you focus on connecting the swing highs and lows of the day/ week it works a lot better with less fake outs. I tried the 30,60,30 setting and it's cool for large swings but I'm impatient at times so I still use standard settings for macd as well. I'm big on supply and demand zones but with this strategy it makes it hard to lose if your money management it's on point. Thanx afolabiay!!!

#396
Jan 19, 2016 8:32am Jan 19, 2016 8:32am

afolabiay
| Commercial User | Joined May 2012 | 305 Posts

Quoting Fxkuba

Disliked

Great strategy. Noticed that if you focus on connecting the swing highs and lows of the day/ week it works a lot better with less fake outs. I tried the 30,60,30 setting and it's cool for large swings but I'm impatient at times so I still use standard settings for macd as well. I'm big on supply and demand zones but with this strategy it makes it hard to lose if your money management it's on point. Thanx afolabiay!!!

Ignored

You are welcome