newscalper wrote:dchappy wrote:newscalper wrote:Nah, closed it. reckon I'm wrong for now
New's ....I think you are making it way too hard .
Look at your last chart .( looks like a renko or range to me ).
Why not enter when the macd line (blue ) crosses zero .
Then either exit when a bar closes against you , or as I do ,
exit when the macd line (blue ) , crosses the slow line .
If you are going to use the macd . You must trust what it is telling you .
Maybe try just using the macd , on your chart , nothing else , no
price bars ,pivots , nothing else . Try a day or 2 on demo and see if
it helps .
I,m a scalper , so I use a small range chart ..usually 5 ticks on a
range or renko chart .
Just trying to help ....
Because I've sat and watched the MACD on renko, a lot. On that chart, which is a 5 pip renko the long would have been a loss, you'd have missed the short that I made money on and when you finally got in short with the macd cross you'd have lost again. That's why.