AN buy is an option, but I think this would be forcing the trade - it's a bit sideways.
But the lining up of the fib and trend-line is tempting as a tp
But the lining up of the fib and trend-line is tempting as a tp
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DislikedAN buy is an option, but I think this would be forcing the trade - it's a bit sideways. But the lining up of the fib and trend-line is tempting as a tp {image}Ignored
DislikedI am currently opening 1 selling position for USDCHF.I believe Bk8 avoided this setup due to the previous consolidation signs right? @Bk8Ignored
Disliked{quote} I do not see a proper set up for A/N in my attached chart {image}Ignored
DislikedBk8,what indicator are using now? Macd works or not? Are u earning?Ignored
Disliked{quote} I was waiting due to 10 pips spread, but its too late now since it already move 20+ pips, I am happy for you though. Red news is coming so you may like to shift your stop loss.Ignored
Disliked{quote} I was waiting due to 10 pips spread, but its too late now since it already move 20+ pips, I am happy for you though. Red news is coming so you may like to shift your stop loss.Ignored
Disliked{quote} How far would you move your SL in this situation Bk8? It looks like the move drop may have stabilised. {image}Ignored
Disliked{quote} No I did not like MACD for D1, I am still experimenting MACD for lower timeframe though. I am still using SMA for D1. You may check my trade explorer for all previous setups. It has setups from other experiments too but going forward I will take D1 only.Ignored
DislikedYears back, I came across a posted method of trading based upon the modified MACD of 5/13/1. I must admit that I still use it today on all charts. Like anything else, its not 100% reliable but it does give decent signals in markets that are moving at a good clip. Roof tops and flat spots seem to be the thing to look for. Thanks for the very interesting thread. If the BK would like this method attached for evaluation , I would gladly offer it. In the mean time, I will continue to follow and work at sticking with the current method.Ignored