Which one carries more weight?

[Arni]

If Bulk's instructions match those in the attached image, ...


MACD does not 'speak to me' so not something I use, but if you use the search function here at ET, you should get Plenty of threads on that.

What's worked for you so far?
Do you like to use a trading plan or do you like to trade in a more freeform fashion?

View attachment 265464

Well I'm in the second month of trading and so far not consistent to say the least but I'm learning.

I mark up S/R in higher time frames then drop to the lower TF looking for decent entries like 3 line strikes, 3 inside up etc that print on 21,50,200 SMMAs and aim for the next level of S/R.
it seems like a good scalping strategy but needs some tweaking, suggestions are very much appreciated
I'm testing to see if I can use divergences as entry confirmations but often times another HH or LL forms before the price decides to go in the direction my trade.
or in patterns like triangles, the price breaks out of a trend line just enough to convince traders like me to enter a trade and just a couple of candles later when you think you're green, it turns the other way.
Now that learned about cycle highs/lows, impulses and retraces, I'm putting it to test to see if it yields any rhythm if I wait for the structure to break and then enter on first retracement which is something I've stubbornly been ignoring now that I'm looking back
I've learned a lot from you and @SunTrader in the past few days, hats off to you.

 

[Arni]

Ok so the area you picked was kinda a double top zone (intrabar basis) from two days prior but adding 5-34-5 oscillator (that I use mostly for Elliott Waves counting), which nowadays is pretty much standard on many trading platforms, you can see at the bottom 13, 4, 2 then 5 and 1 up bars first showing a slowing and then a Zero(0) line crossover into the decline. Doesn't always happen this cleanly and I don't generally watch 15 minute charts so I sure didn't see it live. But that's the idea. Note blue/red colorization of histogram changes when new bar is less than or greater than two bars back - not the prior bar. In other words 12:00 is compared to 11:30, 12:15 to 11:45 etc which helps filter some of the bar to bar noise.

As for where to learn, here on ET is good - after also filtering out some of the noise and filtering out a lot of noise on youtube.

But I've learned mostly be reading shelves of books (avoid any here that say books are a waste of time) and ...... by doing. Doing is the best teacher of all IMO.
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I've struck gold here, been studying your post for the past few hours, think I couldn't have asked for something better

 

[SunTrader]

Thanks Sebking1986, I'm not familiar with DXY, but just added it to my learn it and quick list

EURUSD makes up 58% of DXY so looking at it for guidance, basically a mirror image, is not of much use.