Hi daedalus,
I will split your reply into three questions below:
Quote:
Originally Posted by daedalus
Can you explain the arrows on your MACD?
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The arrows on the MACD are the divergence signals according to the price action given. On the 4-hour chart, the MACD shown three bearish MACD divergence as the price action gets higher.
Quote:
Originally Posted by daedalus
Are you actually taking signals off of that indicator and if so what are the entry criterion?
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No I am not relying on the divergence signals alone to enter a trade, I use it as the first warning sign of a possible reversal and to close any opened positions.
Quote:
Originally Posted by daedalus
Kind of looks like the 4 HR MACD system off of FF... Any sucess with it?
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It is different from the 4-H MACD Strategy I believe you were referring to. I did not do much testing on that system as I don't really like to use too many moving averages on the chart.
Cheers.