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Re: MACD&RSI's Trading

Posted: Wed Mar 08, 2017 8:07 pm
by macd & rsi
Today I consider AUD/USD pair ,

On H1 chart it has good condition for sell , just waiting for closing current candle and getting red bbsqueeze engine.

On H4 we have a trend line , it shows a retrace wave , and bbsqueeze engine for up trend is OFF , then we can ignore the light green  dot and go for sell , Cuz we get the entering signal from H1 . 

On Daily chart RSI is at perfect condition for selling , bbsqueeze engine getting red , having a good resistance area , TTM is red , MA bearish cross ,....



     


61.8% fibo ratio of retracement  and 161.8 % fibo extension is a good overlapped area for take profit . Put the stop above retrace area .

 

Re: MACD&RSI's Trading

Posted: Thu Mar 09, 2017 8:23 pm
by macd & rsi
I will close  HALF of position of  AUD/USD at 0.75 and move the ST to entry point for the half one , 


waiting for 0.74 , I hope 


 

Re: MACD&RSI's Trading

Posted: Fri Mar 10, 2017 1:41 am
by Jimmy
Good trading journal mate. Keep us updated! 

Re: MACD&RSI's Trading

Posted: Fri Mar 10, 2017 8:12 pm
by mladen
Just a small upgraded of the attached indicator (it is made new mt4 compatible, and user friendly)

Re: MACD&RSI's Trading

Posted: Sat Mar 11, 2017 12:44 am
by macd & rsi
very very thank you Dear mladen . 

Now , with new indicator , we have a buy signal on EUR/USD . 

Cuz of bearish powerful trend I put target just 50 pips . 

Buy @ 1.059 , TP @ 1.65 , ST @ 1.05

 

Re: MACD&RSI's Trading

Posted: Sat Mar 11, 2017 1:06 am
by macd & rsi
It's good to have a look at Dollar index .

first Daily chart , 

we have a bullish channel , which price fights to lower line , price can not go above the 61.8% fibo ratio , bbsqueeze engine is turned off . 

On the H4 chart , we have a RSI below the center line (50 ) ,

based on the chart , may be price goes to the south and it means weak Dollar , 

wait for futures and market action ,,,

Please don't mind,i think your illustration picture deleted accidentally,you may upload it again
 
Hi macd&rsi
Thanks for your continuous sharing and contribution,appreciations and good enough
if you can and like uploading tmp,it will be easy for us learners to apply it with us and then adding some thing from our side or altering any thing if find better than, (conditionally)
your bbsqueeze with defualt as i don't know what setting you used
here is 3 state adaptive rsx 3.2 oma mtf,may be any of them fit possibly

 

Re: MACD&RSI's Trading

Posted: Sun Mar 12, 2017 10:54 pm
by macd & rsi
Let's have a look at CHF/JPY pair , 

we have 2 charts , and everything is clear on chart , 

by comparing two charts , may be it has a little retrace to 113.

   

Re: MACD&RSI's Trading

Posted: Tue Mar 14, 2017 1:24 am
by macd & rsi
I could not find a good level for entry on CHF/JPY .

Now have look on GBP/USD , explain on chart . 

 
at H1 we have a good move , but I prefer act based on H4 . 

 

Re: MACD&RSI's Trading

Posted: Thu Mar 16, 2017 10:35 am
by nbtrading
Looks like it hit the support. Nice setup

Re: MACD&RSI's Trading

Posted: Sun Mar 19, 2017 6:58 pm
by macd & rsi
yes , it hit target, 50 pips &  100 pips ,

thanks nbtrading