big dog sorry i didnt have time yesterday to add more than i did i hope you didnt think me rude i just have a busy life running my own company and trying to trade and help others also,yes look at your long term and determine your overall market direction and try scalping only in that direction just use the eco to help you with entries or use the dynamic color band or just trade break ups or break downs off the consolidation points, and yes i scalp when a green line breaks the blue on the top and when a red breaks the blue on the bottem...sharky
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traderguy i use a market order to enter and a atm of 5 tick stop and 3 tick profit to exit,thats all if i win i win if i lose i lose nothing fancy no overthinking i just have my entries down so good that i dont worry about anything...sharky
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I'm a bit confused on this one. With the macd zero lag on top, the boundaries changed as it sized differently, sometimes +/- 5 and sometimes 10. I didn't understand why it changed but that's another question.
WIth the new one there is a constant value set with default of +/- 8.
Anything else change? What is the difference in using this or just using the other eco with overbought & oversold set to +/- 8 to get the line?
I'm still experimenting (using CL) as to if it's best to enter when all colors line up or when it pokes above/below the treshold. Will take a while to experiment.
Anyone else using this?? Please let me know how you're doing with it.
the one using the macd as the center line can be adjusted by you on the size you make the panel just adjust it how you feel comfortable and depending on how it visually lines up with price...sharky
btw i like the constant 8 just as well...sharky
Here are my charts with some indicators that im not done with yet just to give you guys some ideas to persue on your own or to give you ideas on scalping entries,no rules here from me just look and try to let your mind grasp what my chart is telling you and you will expand your own thoughts...sharky
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