Macd

We had a good MACD Divergence with a "1/2 Value" line break SHORT down from the HOD (and high of the last few years) with a "flux" change in volume.....I will take that shot any day as price is coming down from a heavy area of resistance......

http://www.ttrader.com/mycharts/display.php?p=31733&u=cktrades&a=CK Trades&id=1303

Yes, we are over a 7 point run so far today, but this is a very good signal right at a unique price level for the year coming out of an area of strong resistance. Remember you are not trying to hit home runs here, but you are trying to accumulate the +1.0 and +1.50 point hits all day.....and then if you catch a runner, well that is just extra. Do not have your primary objective to go out and hunt down the "big move" all day long or you will get killed....especially during chop days. If you are in a "higher probability" entry then on occasion the big runs will come to you because you were positioned properly ahead of time.
 
OK.....that is it for me today....I have my last trailed positions on a PAR trailing stop......once the PAR stop is hit my position will reverse and I will hold the new SHORT position through the weekend. Here is the last part of todays trades........

http://www.ttrader.com/mycharts/display.php?p=31754&u=cktrades&a=CK Trades&id=1303

I did not take one re-re-break of a "1/2 Value line to the SHORT side at 11:25 to 11:30 as the volume was fairly flat and I decided to stay in my LONG (with the main trend as the market was in sideways chop here) trade until I had a "zero" line break. This worked out as I had my two primary targets hit and my best scale out was at +2.00 pts.

Well, everyone have a great weekend!


AMT
 
Quote from AMT4SWA:

Bulat.....sure you can use a 3 min (actually the three minute works the best in very tight range days....like some holidays or July and August when the market sometimes seems to slow down a bit from lower volume), but with the range days we have had here I would stick to the 5 min IMO.
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What about tick charts? Do you find any use for those, or do you just stick with minute charts? One of the things I find most annoying with minute charts is how the deal(or rather don't deal) with overnight gaps. The other obvious advantage is the breaking down of huge bars during price spikes into several bars.
 
bulat,


No I only use tick charts with some "automated" systems, so all of my discretionary trades are with a 5 minute chart for the most part with the 15 as the intra-day bigger picture look. I actually don't want to see all the little pops this way or that way on a tick chart (like the way they appear on a lower number tick chart like a 133 or a 333) while discretionary trading as the 5 minute gives enough info for me to use. I would say that using the 5 minute somewhat filters the noise of using smaller number tick charts.....this is just my preference.
 
hi to all,

been following this thread for some days. I find AMT4SWA's insights very usefull.

I'm trading fx, and trying to use macd to identify the next direction. I guess like in almost all systems, the hard work is to find the right moment to enter. AMT4SWA' 1/2 valley/peak method amazed me. pretty simple and effective.

for me is like a second confirmation for entry, 'coz I plot on the chart 2 emas, those from the macd settings ( in your case will be 4 and 13 period) . so when the 1/2 valley/peak point is hit, that will coincede with the price bar cross with your emas on the price chart. and when your macd cross the zero line, you have the emas cross as confirmation.

well, I guess that's not big of aditional info, although for me acts like aditional confirmation.

thnx for sharing your ideas .. ciao
 
Today was good, but I am still right in the middle of trying to finish an "automated" system that I have been working on now for some time (I am down to the last entry filter so I am getting very close). Also, I am suppose to be studying for the series 3 exam, so I may not get to the charts until tomorrow in the a.m. (Central Standard Time)....I will see what I can do.
 
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