chappy wrote:Screenshot 2023-08-12 8.44.08 AM.pngScreenshot 2023-08-12 8.48.34 AM.png Yes you can backtest ,run all kinds of stats,create robots to demo trade a theory ...or you can just believe what your eyes are seeing.. Im not trying to be snarky..My main focus in my personal trading is to remain as simple as possible .Believe me I have been down the road of analysis paralysis ,and it is an endless and frustrating path.You wont see bars ,levels ,pivots or any of that on my charts . All I care to see is Where is price turning and Where is it ending . Nothing else matters..kiwiarian wrote:chappy wrote:Or even simmpler ...Screenshot (2).png
This looks like a straightforward method to backtest as well.
I guess its trust in finding something that will work for us, we need proof that's why we go down this path lol.
I guess I must be in the analysis paralysis stage in my trading journey, always good to get some back to reality perspective from posts like this.
Looking at that, it seems you could almost go off the MACD only every time it flips over and not need the line chart.
For the current leg/phase's angle, what do you base the angle off, I guess you keep moving it as price moves up and down as well until the macd flips?