Disliked{quote} I used to use MACD quite a bit about 10 years ago (I cannot believe how long ago that was!) and a trader from another forum now defunct taught me a set up he called "the MACD Kiss" Rather than explain it, I circled those points on the chart where the MACD w/price action set up two short trades - both MACD kisses. This is, in my opinion, a variation of a set up that Linda Raschke uses that she calls "The Anti" Here is the chart you posted Erasmus. The red circles show the MACD signaling short entries. {image}Ignored
- #9,462
- Jan 12, 2016 3:39am Jan 12, 2016 3:39am
- Joined Feb 2006 | Status: Trader | 1,392 Posts
Many years ago, Harold commented to me
(good memory, eh, H - actually I pasted it into my favourite quotes list) : I think we were discussing discipline and its theological origins at the time (this was 7 or 8 years ago) !
Well, this morning, I lost my discipline and turned a straightforward 2+R morning into a (2R) losing morning : I just had to be patient and wait, instead I over-traded & quit in disgust just before 2 perfect, easy, zero-heat trades arrived.
Too embarrassed to post my charts. The only positive news is that I am satisfied with how both FDXM (it's going to be the European NQ, you read it here first) & the EU are executing with my method.
Might trade US Open, now taking the pet reindeer for a walk...
trading takes patience, discipline and patience to be disciplined
Well, this morning, I lost my discipline and turned a straightforward 2+R morning into a (2R) losing morning : I just had to be patient and wait, instead I over-traded & quit in disgust just before 2 perfect, easy, zero-heat trades arrived.
Too embarrassed to post my charts. The only positive news is that I am satisfied with how both FDXM (it's going to be the European NQ, you read it here first) & the EU are executing with my method.
Might trade US Open, now taking the pet reindeer for a walk...
- #9,464
- Edited 7:26am Jan 12, 2016 7:02am | Edited 7:26am
- Joined Feb 2006 | Status: Trader | 1,392 Posts
- #9,469
- Jan 12, 2016 8:09am Jan 12, 2016 8:09am
- | Joined Nov 2012 | Status: Trader | 3,121 Posts
nice hat cl:
Become the casino
- #9,475
- Jan 12, 2016 8:31am Jan 12, 2016 8:31am
- Joined Feb 2006 | Status: Trader | 1,392 Posts
Come on, EU :
Edit : +1 out
Edit : +1 out
- #9,480
- Jan 12, 2016 9:00am Jan 12, 2016 9:00am
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
+4 points ES today. I did not adjust size to 2 yet. I will wait until I have enough excess margin to stand two losses without having to reduce size. This was an opening range bull break after price had a bear break of the pre-mkt range (lower range premkt @30.50 and was globex bull breakout point) and market tested that 28.50/29 pivot point (pivotal in that it had been support turned resistance now turned support). Don't be fooled by the indicators - I will mention them only if I use them as the basis for a set up.
