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I have another set up I love to use. This one is very easy to see, easy to trade and you don't have to be glued to your computer as much. It also will satisfy the trader who wants multiple trades a day and does not want to be as patient and feels he has to make alot of trades each day.
1- Put up every single pair that your broker will allow on your MT4 Platform
This allows you to have lots of choices
2- Set everyone to 1HR time frame.
3- Drag TRO 3_Level_ZZ_Semafor onto each pair.
4- Put MAC D onto each Pair set at 11,12,11
5-Drag TRO support and Resistance onto each pair
See Picture below for example.
Rules
1- Wait for Number three to show up on the pair.
2- Wait tell the Histogram peaks and retraces back the other direction.
3- It's better to see a High peak on the Mac D Histogram
The reason why this works so well is it allows you to trade often because you are looking at so many pairs. You start to not take junk trades because you know there are more pairs to look at and it allows you to not force a bad trade just for the sake of trading.
This also works because the 1hr time frame will have a pullback or reversal and it does not have to be much to make a great number of pips. Going to the lower time frames would work as well but your risk of how much it will move is the key. This will also take you out of lower time frame wip saw.
JOE SMOE
Long time i was not here bro's.
So i want to say that about S/R is good indicator.
But macd is shit fcuken totally because in history that you show it can send nice signals but in real time macd is shit.
Try to use divergence indicator
Long time i was not here bro's.
So i want to say that about S/R is good indicator.
But macd is shit fcuken totally because in history that you show it can send nice signals but in real time macd is shit.
Try to use divergence indicator
Long time i was not here bro's.
So i want to say that about S/R is good indicator.
But macd is shit fcuken totally because in history that you show it can send nice signals but in real time macd is shit.
Try to use divergence indicator
Mac D is only bad if it does not work for you as are all indicators. They are just a help. I don't need to get in the moment you think I do. I can wait a bit to see what an Indicator tells me.
Look at the settings I Use for the Mac D. There not to much behind the price action.
The Mac D might not work with the settings you have used before. Use it first before making crazy statements. I can say everything is crap and it does not work. I tend to find how to use just a few indicators at once and do just fine. Some have a hard time with indicators because they can be faulse. Thats part of everything in life.
I will look into the divergence indicator. Show me how your indicator will make it be 100% profitable every time.
I attached a picture of my trades today using this method. Not one lose. You do the math on how many pips I've made with your so called shit MAC D. I another trade on that is 43 pips in the profit so far.
Nice results. For how long have you been trading this approach ? I guess you must be pretty good at reading price action. Trading strictly according to indicators usually does not work for those who don't have a good grasp on price action, imho.
BTW, off of which time frames did you take these trades ?
Last edited by Traderlarry; 02-06-2009 at 09:21 PM.
I attached a picture of my trades today using this method. Not one lose. You do the math on how many pips I've made with your so called shit MAC D. I another trade on that is 43 pips in the profit so far.
Do you mean you want MACD to cross zero at the time of the trade, or just to be above zero for longs and below for shorts?
There are two types of trades in this thread. I started a new one but they moved it in here. Sorry for that.
What your asking is for the 100-300 Pips Per Day Any Pair Any Timeframe Using 2 Indicators. (#1 first thread)
The answer to your questions is Yes the Mac D to hit or cross zero. When you get better you can trade before the candle closes when its hitting zero or getting ready to close. For now wait tell it closes on or after 0.00 and make sure the MACD is headed the same Direction as the Price. I hope that helped.
JS
P,S. the second set up is on (#36 High/low 11,12,11 macd histogram trade)
Nice results. For how long have you been trading this approach ? I guess you must be pretty good at reading price action.
For awhile now. I really can't give you a date but a long time. No reading price action. Reading Mac D.
Trading strictly according to indicators usually does not work for those who don't have a good grasp on price action, imho.
I agree to a point. It's hard for anyone to be good at anything without practice. So the more you do anything the better you get. Unless of course your doing it wrong.
BTW, off of which time frames did you take these trades ?
1HR. The rules are earlier in this time frame. It's called "High/low 11,12,11 macd histogram trade " #36.
Thanks for your comments and stating your opinion without sounding like an ass.
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