@oopsies
Firstly, I'm really sorry to hear this. I'm not surprised though.
If you could entertain me for a moment. What exactly does a MACD have to do with the market or why price moves?
And a line on a chart, what does that have to do with the market?
See, you think you're trading the market, but actually you are not. You are going to tell me you are, because you have a broker statement with a list of all your trades.
I know why you use a MACD. It is because it helps you make a trading decision. You use things like lines and MACD (indicators) because from your perspective there isn't anything else!
But imagine for a moment that there are no indicators. I know, what an uncomfortable feeling! But you are now closer to long-term profitability than you have ever been!
How would you now trade?
You have to learn to trade on a 'forward basis'.
Most retail traders do not trade on a 'forward basis' and this in my humble opinion is why so many fail.
The order of things:
INFORMATION>>MARKET PARTICIPANT>>ORDER FLOW>>PRICE>>MACD (INDICATORS/LINES)
Can you see where you are in relation to where you should be? Can you see why you are struggling?
Larger market participants are pushing billions around daily. They do not care about MACD!
T h e y d o n o t c a r e a b o u t M A C D !
Indicators are a result of price movement and price movement is result of order flow and order flow is a result of market participants clicking buttons and market participants are driven to clicking buttons because they receive information that forces them to. The market participant is a slave to information.
And please, do not tell me that a MACD is INFORMATION! Price and MACD is OUTPUT, not INPUT.
Indicators do not drive prices.
Find another way to trade.
Firstly, I'm really sorry to hear this. I'm not surprised though.
If you could entertain me for a moment. What exactly does a MACD have to do with the market or why price moves?
And a line on a chart, what does that have to do with the market?
See, you think you're trading the market, but actually you are not. You are going to tell me you are, because you have a broker statement with a list of all your trades.
I know why you use a MACD. It is because it helps you make a trading decision. You use things like lines and MACD (indicators) because from your perspective there isn't anything else!
But imagine for a moment that there are no indicators. I know, what an uncomfortable feeling! But you are now closer to long-term profitability than you have ever been!
How would you now trade?
You have to learn to trade on a 'forward basis'.
Most retail traders do not trade on a 'forward basis' and this in my humble opinion is why so many fail.
The order of things:
INFORMATION>>MARKET PARTICIPANT>>ORDER FLOW>>PRICE>>MACD (INDICATORS/LINES)
Can you see where you are in relation to where you should be? Can you see why you are struggling?
Larger market participants are pushing billions around daily. They do not care about MACD!
T h e y d o n o t c a r e a b o u t M A C D !
Indicators are a result of price movement and price movement is result of order flow and order flow is a result of market participants clicking buttons and market participants are driven to clicking buttons because they receive information that forces them to. The market participant is a slave to information.
And please, do not tell me that a MACD is INFORMATION! Price and MACD is OUTPUT, not INPUT.
Indicators do not drive prices.
Find another way to trade.