Thanks for sharing!
by Mark H, February 16, 2021
by Mark H February 16, 2021
Crossover of MACD and 3 MA’s, with a modified fib Details below…
I asked Saul about this during the Trading Room session on Feb 16, 2020….just before a possible signal. He suggested I take the trade and a screenshot of the results. Luckily, I didn’t get a signal there, but soon after got a signal, but I didn’t take the trade (duh), but I marked up my chart as it played out, as if I had. Lost an opportunity due to my own fears…oh well, there are many more trades ahead! Thank you Saul!
1: Look for MACD signal line crossing main line. If crossover appears below histogram, it’s a BUY signal. If it’s below histogram, it’s a SELL.
2: Look for crossover of 6MA and 14MA lines, If 6 crosses 14 below the 26MA line in a steep rise, that’s a BUY signal. If the 6 crosses the 14 in a steep decline and it’s above the 26 line, it’s a SELL signal.
3: Look for where the 26MA line is. If it’s above the 6 and 14 and rising, that confirms a BUY signal. Below the 6 and 14 and falling confirms a SELL..
Stop loss is set at 10 pips or below the last bar low. Take 1/2 profit at 10 pips and let the other 1/2 run until there is an obviously good reason to close it due to price action.
Fear of taking signals! Especially against a big trend. I am just looking for 10 pips though.
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