September 11th, showing MACD had a sell signal well ahead of the even, does this mean someone with more knowledge more influence more updated news knew???? no one can answer, but the direction was all encapsulated and encompassed int he technical analysis and even down further to a single indicator
reading the MACD line
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September 11th, showing MACD had a sell signal well ahead of the even, does this mean someone with more knowledge more influence more updated news knew???? no one can answer, but the direction was all encapsulated and encompassed int he technical analysis and even down further to a single indicator
The infamous silver bubble, here the MACD showing that if u traded its every signal overall u wouldve made solid money and pretty much picked the direction of the prices correctly most of the moves and the bubble,
the point is here once again that there are much larger institutions and funds and quant power out there that dwarfs what we individual traders know, and at the end of the day they put either a sell order or a buy order, their orders move the markets, silently or not doesnt matter, but these moves are picked up in the charts and i argue further that its picked up down an ultra simple form of an indicator, the MACD,,, and thats where we individual traders can outperform them, because we have liquidity, flexibility, and no pressure to perform and report performance quarterly, or monthly or whatever
i added another indicator here to demonstrate the superiority of MACD verus others, the period leading to top of the bubble the RSI was overbought and any shorts there wouldve got clobbered cuz silver continued to go higher and higher, MACD also have several sell signals BUT quickly reversed to adjust, this is what i mean even when its wrong it DOESNT KEEP u wrong for tooooo long as could be the case with other indicators
here is another one for u in regards to ur point on all indicators are proxies for price,,, which is true and i agree with, but here is one where u got caught on Brexit Long and lost heavily on that trade compared with the others, yet overall the system (indicator) made money, thus the key points here are YOU MUST PLAY EVERY HAND,, and while all indicators are proxies for prices, prices will go where they gonna go, thats a given fact, and prices DONT have to follow indicators, BUT indicators (like the MACD) HAVE TO always follow prices when prices dont follow the indicator and that feature in itself encapsulates and integrates the stop loss, the decision of many other market participant and the direction.
U still never told me what u trade, and why u trade which every instrument(s) u trade
A summary of the points here is for newbies in trading, MACD assures they dont implode if they follow it in its simple form, with decent diversification across 2-4 or more instruments, for professionals that are already making money,,, a systematic approach allows them to see where they could be making MORE money than what they making and allows them to trade instruments that are more superior in terms of percent returns because they can compare and rank them
of course a system could be as simple as following MACD blindly or a derivative of it where the exits are more sophisticated,, feel free to message me if u want me to send u endless excel files of research i conducted,
Thank you for the charts. I will not try further to dissuade you. You are where I was about 30 years ago. I wish I could save you some time, but we all must discover our own truths. As for me, only in recent years becoming profitable, after totally getting rid of indicators, guru's, etc.
I look only at price augmented by trendlines and s/r levels. What instruments? I can trade the same on any of them. I look forward to following this thread.
I look only at price augmented by trendlines and s/r levels. What instruments? I can trade the same on any of them. I look forward to following this thread.
Iam genuinly interested in saving time on things that i dont see or overlook, specially considering the time youve been trading, but i still dont understand a specific point that invalidates the simplicity of some indicator, i like you, didnt make money untill i got rid of everything besides MACD,
I agree price action and MAYBE support/resistance can beat it however i find those very difficult to quantify and back test with precision as is with he MACD cross over signal.
In my expeirence of price action analsyis (simply my experience) i found it difficult to firmly judge the properties of prices because they occur many other places where they wouldnt work, for example, if every top has property X but property X occurs frequenctly enough in other places besides a top then that in itself makes it unreliable.
Perhaps its got to do with the fact that although i was purely technical the whole time and still is and never made money as a discretionary, when i turned systematic, i noticed not only i made money but i also was very stress-less because i dont preoccupy with day to day analysis of the market and i dont get involved in each trade.
I believe genuinely that your probably better than me in that sense where you use urself as the nervous system or heart of the trading decisions, i never succeded in that, and that turned me to dogmatic systematic trader. some systems overly simple, some more complex, and the research continues.
I would appreciate it if you can point out specific examples that would save me time.
I also got to say that iam seriously impressed that you stayed in long enough to turn profitable, did you ever think of giving up? what kept you?
The strength in the MACD is the histogram.
motif can you explain a bit more in detail on what kind of histogram one can construct using MACD?