EI
einstein
Rep: 170
Posts: 167
Noticed your trade method today. Could you elaborate a little more? What kind of stop do you use and what targets do you set. How long have you been trading this and roughly how profitable is it? Thanks.
BR
BruceM
Rep: 216,211
Posts: 19,895
good suggestions and after the fact trades are perfectly fine with me
VA
vast524
Rep: 0
Posts: 39
AK1. I am just wondering if the candle open and close must happen at the same time as the MACD crosses the zero line? Or can it happen within a set time of the MACD cross? ie. If the MACD line crosses the zero line at 9:45 from low to high and at 9:47 is the first time a green candle open and closes above the 10SMA. Is this a valid signal to go long?
You also mentioned in the 14-01 ES chart that it was a great day as the MACD was always below the Zero line. Does this mean, that once it has crossed from high to low that until it goes back above the zero line, that any candle that open and closes below the 8SMA is a valid sell signal.
Thanks once again for allowing us into your trading guide.
All very interesting to see how people go about it.
Regards
You also mentioned in the 14-01 ES chart that it was a great day as the MACD was always below the Zero line. Does this mean, that once it has crossed from high to low that until it goes back above the zero line, that any candle that open and closes below the 8SMA is a valid sell signal.
Thanks once again for allowing us into your trading guide.
All very interesting to see how people go about it.
Regards
AK
ak1
Rep: 858
Posts: 740
Good morning Canada..... Piece of cake and bed tea
05:31:00 1 BUY_LIMIT 851.75
05:34:24 1 SELL_LIMIT 852.75
05:31:00 1 BUY_LIMIT 851.75
05:34:24 1 SELL_LIMIT 852.75
AK
ak1
Rep: 858
Posts: 740
My idea of taking this trade is to show you how well the 1:1 low risk ratio works
VA
vast524
Rep: 0
Posts: 39
AK1, Here is a copy of the charts for that time frame. Just wondering why you may have exited so early?
Click image for original size
Click image for original size
AK
ak1
Rep: 858
Posts: 740
I exited early because of the large green candle on my entry. Such sudden and large moves sometimes hit large sell orders. Be safe than sorry!!!!!!
AK
ak1
Rep: 858
Posts: 740
vast524, will it be possible for you to post the charts as you come across setups for our fellow traders to view as you have picked up the concept well. Thanks
VA
vast524
Rep: 0
Posts: 39
Have I got the settings correct on the charts? ie Bollonger values, Macd's ...
I presume you are trying for the upper Boll value for a long and the lower Bol for the short as your exit points?
I presume you are trying for the upper Boll value for a long and the lower Bol for the short as your exit points?
AK
ak1
Rep: 858
Posts: 740
Yes vast524 you are right. Lets first show them how to enter for a 1 pt profit