Macd

Today was very good at the beginning (especially during the pre-market news release), and then as the day continued it got more and more boring (the last few hours were a total waste of time.....on a Friday going into a three-dayer...LOL)..........

http://www.ttrader.com/mycharts/display.php?p=31316&u=cktrades&a=CK Trades&id=1303

http://www.ttrader.com/mycharts/display.php?p=31317&u=cktrades&a=CK Trades&id=1303


I should have quit at noon today (CST) and called it a early weekend....out of my last 6 trades I think I only made about +1.0 point after commissions.....LOL.....well that is OK as the first part of the day worked out very good (I had a feeling inflation would start to show its face).


Have A Great Holiday Weekend!

AMT
 
Hello:
I have been reading the thread. I use MACD and a couple of other "aids" to make my decisions. I notice people complaining about lack of volatility and range in the ES market. What I have been doing is switching to the Russell after watching the first half hour or so. Often when the ES and/or YM are chopping around, the Russell will trend. I like to consider the move on Mondays and Fridays, or when a holiday or report is pending. Good luck Folks, Lefty
 
AMT4SWA
Thanks again for your quick response to my questions. Could you please explain what you mean by "2 down in a row" segments? Are you talking about the MACD when it crosses the zero line on one time period, that you also need one more period in the same direction? Sorry for so many questions. tia
 
eminitrader,

What I meant is that if you have a "zero" line area bounce of only one time period MACD segment leg then I just sit with what I have....now if I get another for two in a row then I either reverse or cover the trade and wait for more clarification (usually just reverse). I had one of these Friday between 12:30 and 1:00 as I was first SHORT, then I had one sideways segment (neutral) and then one up (bounce up off "zero" line) then another segment leg sideways (so the MACD held above the "zero" line). That was all I needed so I reversed LONG as you can see from this time period.....

http://www.ttrader.com/mycharts/display.php?p=31317&u=cktrades&a=CK Trades&id=1303

This part of the day was just lethargic and the selling side was not very strong those last few hours on Friday. Just after 2:00 on that same chart I had a 3 tick loss on one trade that I had to do a quick reversal from a SHORT back to a LONG. Once I had hit my +1.00 point target with this new trade I called it a day....I had enough of that chop fun for the week.
 
No problem all....I will keep adding charts next week so we might be able to pick up other scenarios that someone may have questions about. This is all I do these days for my discretionary trading and there is a few other techniques I use with the MACD to enter positions from. The "1/2 Value" and "Zero" line break entries are the highest probability entries so I will stick to these for this discussion.

Btw, I had a newer trader that I met the other day that is very successful using the 5,15,9 MACD with two lines for which he trades the QQQQ's. He uses the MACD line crossings (the traditional way to use the MACD) at certain "angle of crossing" criteria to enter trades from....he has it set up on a 5, 15, and daily chart for synchronizing higher probability trade entries.......

http://www.ttrader.com/mycharts/display.php?p=31357&u=cktrades&a=CK Trades&id=1303

Here is that setting on the ES for Friday as an example.


Have A Great Holiday Weekend!
 
Here is todays trades with the MACD setting I use....and I have included the 15 minute chart I use to try and synchronize my 5 minute entries with the 15 minute chart when possible. Now today the 15 minute chart was biased LONG from just after 06:15 a.m. CST and then the 15 minute chart started to roll over to a SHORT bias after 10:00 a.m. CST. When my 5 min chart trade is in the same direction as the 15 minute, then I may handle the scaling out of positions different then when the 5 min is counter to the 15 minute chart.

15 minute chart.....

http://www.ttrader.com/mycharts/display.php?p=31406&u=cktrades&a=CK Trades&id=1303

5 minute chart.......

http://www.ttrader.com/mycharts/display.php?p=31407&u=cktrades&a=CK Trades&id=1303


Today has really worked out very nice and I will probably call it a day here....these are the type of trade days that make up nice for the days in congestion so you need to take advantage of them.
 
Quote from Ireland:

nice charts AMT - thank you !
More...

All you suckers that are thanking the biggest baboon on this board for the "nice" charts had better do some backtesting on macd xo on a 5 min chart before you start risking some real cash or you'll find out the hard way.:p
 
You must log in or register to reply here.
Back
Top