Hmmmm, awfully quiet at this new thread for such a major find! LOL
Anyhoo, have nice BBQ and blessing thoughts for those that gave the most for this country!
Here is snipurl to get here fast!:
http://snipurl.com/jbsmacd
I'm planning on Sigs right after 5pmEST of Daily bars for this macd-rsi strategy. Thing is, since lots of time no trades are one in (yoda speech, maybe see star wars again today! lol) that probably means you see nothing here if 15 minutes passed and no post of a trade, then it's no trade or no change to trade already in. OK? I might make some commentary from time to time about the "macd may be getting close to a set-up", or "make sure your trail_stop is set right to catch the best amount of pips if....", but otherwise it be quiet here, EXCEPT this thread can also serve to learn to do the 5Min bar macd-rsi, as mentioned in above posts. Guess it won't be a problem with whom I have thus far confided in this strategy, as they were merely prospects for automating, which may eventually be in the works.
OK, happy memorial day to you all!
Ohhhhh, before I forget, let's clarify the strategy so folks get it bit by bit absorption:
1) For a Buy entry: If red & blue MA lines of macd(9,12,26) are above zero a wee bit and the oscillator is near .0001 (EurUsd, don't know what it is from other pairs, but it's eyeballable!) and the edge is still in upward motion slightly even, and same for RSI(60) at that bar (slightly up), then it's a buy trade!
2) For Sell entry: If red & blue MA lines of macd(9,12,26) are below zero a wee bit and the oscillator is near -.0001 (EurUsd, don't know what it is from other pairs, but it's eyeballable!) and the edge is still in downward motion slightly even, and same for RSI(60) at that bar (slightly down), then it's a sell trade!
3) There is also the sell retracement trades to enter: If after the crossings the reverse is true of the oscillator hump (front-edge is going in opposite direction and near -.0001 for sell retracement and +.0001 for positive retracement, with some directional slant greater than zero), then you have a retracement trade entry!
4) Set a trail_stop mentally or for real on your platform. If it occurs before the crossing, then that's it, otherwise close trade at the crossing.
I've done tick-bars, 5Min and Daily study of chart eyeball and trade-wise in past couple of days, it seems surefire, but if someone can prove otherwise, be glad to trash this thread and re-study anew, I'm merely sharing for mutual study and mutual learning gain, not trying to be an already learned gnome or some book or holy grail.
That's it, works like a charm if you peer strong enough at charts and train your mind/eye/trade-puching-fingers enough to get here. Hope you see it.
Be glad to help if you can't. Hope someone can post eventually to seeing it, then post to demo-ing it.....then as I did yesterday, post for money wins!!
