... Keep it simple...
Trading is easy...
Use the Macd blue line as a bias......
use any entry method you see fit.
I would use the cross, then there will be a pullback....123 setup
DC has been making money with this for years....
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- newscalper
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LOL. Yeah, I know about ranges but what you're effectively saying is that an apparent level of supply on H4 bears no relevence to going short on the M15/5 when the line is how far away? Not far. So you're happy to ignore higher TF levels and really just trade like a rat, completely oblivious to them? So what's the basis for exit then? Just 'take what you can get'?
- newscalper
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dojirock wrote:... Keep it simple...
Trading is easy...
Use the Macd blue line as a bias......
use any entry method you see fit.
I would use the cross, then there will be a pullback....123 setup
DC has been making money with this for years....
Yeah - I see what you mean, it's not as clear cut with MACD as you've drawn it - if you stick an alert on there there's more crosses than you think especially in that chop but it's a good illustration
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newscalper wrote:Charts re what I was talking about.
Top line is weekly/daily bottom current H4
Now I have to say I didn't trade this one, this is just what I would be seeing
Trading pure price action. It hits the 4h "something" is rejected a little and then plummets down. If it's not trading up it's going........
As far as that particular something is concerned
I don't even see it on the chart
just because there is "something" in the way
doesn't mean that price can't break it
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