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Replace my MACD!
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Created: by Upupandaway Attachments:4

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Replace my MACD!

  #11 (permalink)
Site Administrator
Manta, Ecuador
 
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Why is the MACD holding you back?

Why would changing to a different indicator change that?

These are questions designed to get you thinking I have my own opinion, naturally, but would like to hear yours.

Mike

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  #12 (permalink)
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Big Mike View Post
Why is the MACD holding you back?

Why would changing to a different indicator change that?

These are questions designed to get you thinking I have my own opinion, naturally, but would like to hear yours.

Mike

I really agree. I've used MACD for years, and I know it better than any other indicator. I know why it stalls, why it runs, where it stops, where it shows fake breakouts ( I call them haircuts) etc. I've compared it to Stochastics, RSI, DMI, Momentum, ..., but I still like MACD over them. You know, you can use different settings than 'classic' 12,26,9. I use much faster settings to use MACD as a momentum indicator, a good one I should say. There is no holy grail, but I would say if you use an indicator (such as MACD) to confirm your price patterns, it will reward you. Just learn your trade. Been there, done that. Just trust your method.

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  #13 (permalink)
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After reading some respnses I dont think it's the MACD, I think it's me...I'm the problem...

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  #14 (permalink)
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Upupandaway View Post
After reading some respnses I dont think it's the MACD, I think it's me...I'm the problem...

Maybe if you start thinking you are NOT "the problem", but you are "the starting point", you might find a way. We are all different, find what fits YOU. Market does what it does, it's about you how you read it.

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  #15 (permalink)
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Upupandaway View Post
Yah their is the alternate way of using it like as in divergence. But I've never been able to pick those out with any consistency. The way I use it, or try to is below in the picture

So basically your using the MACD as your trend filter? Have you tried Fat Tails MACDBB? You may want to take a look at that and use the MACD breakout from the BB as your trigger. It's not going to be perfect as you may need more filtering, but have a look.

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  #16 (permalink)
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Upupandaway View Post
After reading some respnses I dont think it's the MACD, I think it's me...I'm the problem...



Now with that revelation, you can start making real progress

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #17 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Thanks for responding everyone..appreciate it...

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