I know that you made some backtest to get the 36/78/27 values, but is it possible to know what did you backtest ? wich currency pairs on wich period ?
Is it good for any currency pair ?
I am wondering this because when I look into to past for example for the eurusd pair it is not possible to get that scale (+5 to -5) before 2008.
Before 2008 scale is almost all the time +1 to -1.
working in oct 2007 picture up remember to adjust the the clvel numbers to make it 5 to 5 this is macd from pa - sig from pa over pa pa=price action
so its ratio of whats going on itll still hit the % but with less volatility you wont see as big of changes. it works all the way the way back…
You can adjust your numbers to other multiples of 12/26/9 and/or the CLEVEL multiplier to get the range to come out right. Changing the numbers of the range doesn’t change the histogram, though. It just puts the numbers in line to where the -.5% to 3% is the target. (See, Pippy…I knew I would get it figured out…it’s all making sense now)
How about some more posts, Pippy. I’d like to re-cover SL and TP a little. I think they’re pretty easy if you’re able to watch the chart and just manually exit a trade, but I want to ensure optimum performance if there’s a signal and I have to be elsewhere for awhile. Then on to some more advanced stuff? This is one of the best posts at BP. Thanks again for all of your hard work. I’ve made profit the last 2 nights with this system (still testing relatively small, but then again, my account is pretty small right now).
Is there any consistency trying to trade from the peak of the MACDC histo back down to .5% or is that a lot riskier? The peak can obviously exceed 5/-5, but have you found that once it peaks there’s much chance for just a small dip then re-peak? Starting to put this all together to make some serious money.
this is a heck of a setup i think actually if you caught the cross… i wouldnt enter tho because the longer trend is just starting to come down while the intermediate is pulling it down with this its not safe to enter unless you got in at the peak. its late entrance while it could still yield for us its odds are lowered. i would wait for a better setup.
different number set… i mean the move still looks like it has power either way… so this is a good entrance based on your conditions… my mt4 is really screwy to … im just being ahead.
I want to thank you for the work you’ve put in teaching us your system, your explanations are very clear and I’ll start using it on a demo account starting tomorrow. Looking forward for more posts and tips, thank you very much.
your welcome truzpip glad i could be of some help i like to know people like the system. hang around were gonna get into some more advanced stuff this weekend.
hang around were gonna get into some more advanced stuff this weekend.
Bring it on!!!
but when your ready no pressure:)
please make sure you make time for yourself and your obligations we all greatly appreciate your contributions thusfar.
i was pippin out of control today hit a new pip record for one day of 923 pips
was sick watch monday ill be down 700 pips haha
the market always has a way of balancing this stuff out
in the two pictures i uploaded you can see the stacking of the MACDC in same window
72,156,54-yellow
36,78,27-red
and
24,52,18-blue
yellow histogram is the stronger directional trend basically - this gives you a great sense of direction
red histogram is the intermediate trends that when added together make up the main stronger trend the yellow trend.
the blue histogram is the shorter to intermediate trends that build the blue and red histograms or trends.
I use this setup to judge direction and strength and understanding of Price action
for instance when the yellow histogram is in a strong uptrend and red histogram is down and the blue is up … this is a strong characteristic of consolidation and until the red pulls up it more than likely will continue its consolidation until the red moves with the main trend as well.
for instance when the yellow histogram is in a strong uptrend and red histogram is in a strong uptrend and the blue histogram is in a down trend price action will still increase but at a slower rate than if all three are in sync
When all things all cross at the same time or with five histobars of the one before or after the price action is extremely strong in that direction
valley to crest or crest to valley - yellow histo reaches its peak either in crest of valley and red and blue enter new trend opposite of the yellow together this is the bottom or the top of the most significant move… so this is what you look for when you call the bottom or top of long or intermediate trend change in direction
in the picture i posted you can see a bunch of good entrances
the triple cross is a significant high probability setup
ALL three histos cross withing a relatively close amount of time.
Crest to Valley or Valley to Crest is a good setup
main trend peaks and red and blue cross withing relatively close amount of time.
Trending yellow with RED with peaking blue in opposite direction.
yellow and red are in same trend and blue pulls down creates a consolidation or pullback before resuming trend entering at the change in direction of the blue so that its resuming the trend with yellow and red ensure you enter so price wont pull against you and hit a stop… this would be a good idea for people who blame companies for stop hunting … no they don’t their is a reason pullbacks happen stop blaming companies for stop hunting… enter at the end of the pullback and enter at resumption of price movement.
Enter on Red and yellow exit on Blue
if blue crosses and then red crosses regardless of yellow you can usually enter on red and see price movement depending on yellow whether it will be strong or not.
Thanks for taking the time to explain things but even though I read this thread over and over… I still have a few questions.
Attached is a screen shot (on a H1 chart). Am I going short on the 1st or the 2nd arrow?
What’s the purpose of the ATR indicator? Only to determine my SL or did I miss something?
I still don’t understand at what time frame we should be looking at. And I am using the last code for the crossing macd that you posted in this threat.
Whatever time frame you are going to tell me… is this the correct indicator or do i need to change something?
Can you also explain when to take profit? This is still not clear either.
Thanks alot!
very interesting i have alot to wrap my mind around coz i love the highest probabilty trade. Are you trade H1 or H4? I think im gonna take notes so I can follow these setups over the next week and paper trade a little so i get the hang of it. the way i see it if i could capture 1 or 2 fantastic moves a month that would be so great coz i already get my overtrading fix with scalping and this can be a great way to diversify my portfolio some more.