CandlesticksMACD&RSI

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Hello my friends

At this topic , I will  share some of my trades , 

Hope have a good trades . 


Re: MACD&RSI

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macd&rsi wrote:Hello my friends

At this topic , I will  share some of my trades , 

Hope have a good trades . 


It'd be interesting to take a look

Re: MACD&RSI's Trading

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macd&rsi wrote:Hello my friends

At this topic , I will  share some of my trades , 

Hope have a good trades . 


Hi macd&rsi
It will be consider as your share and contribution to trading community being a old trading expert and i hope members will gain knowledge and benefits from.
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: MACD&RSI's Trading

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thank you friends for nice words , 

first of all , I should tell about my system trading .

My main system is bbsqueeze , which you can find more about it on internet .

But I have done some changes on it and use MTF .

I attach the template and indicators also  can find in this useful forum . 

I always look the trend on H4 then  deciding  what to do on H1 . 

 Step by step I will tell more about this useful system , but always remember  STOP LOSS and MONEY MANAGEMENT .

Re: MACD&RSI's Trading

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Let us know step by step,I guess on chart arrows from 2 ma cross ?
and bar colors (red/blue) from what ?
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


Re: MACD&RSI's Trading

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Hidden Divergences  ,  trend line  , fibonacci ratio , daily support and resistance are always important . 

For having a good trade we should check all of them , so we can not have signal trading every minute . 

On the EURUSD figure , at the previous post , you can see a good bullish trend on H4 bbsqueez and a neutral trend on H1 bbsqueeze . 

RSI H4 is above the 50 ( central line ) , as you know TDI is the RSI with the bollinger band and moving averages .

Also I show some divergence , trend line and support zone on H4  chart .As you know we can have trend line on RSI indicator and just this one , not the other indicator . Cuz RSI has a unique formula . 

Then  , I don't put any order and wait . 

Wait for having a clear  signal . Market has always good signal , just wait and act wisely . 
 
Attachments

Re: MACD&RSI's Trading

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mntiwana wrote:Let us know step by step,I guess on chart arrows from 2 ma cross ?
and bar colors (red/blue) from what ?
Dear mntiwana ,

you are right arrows from 2 ma cross and bar colors from TTM indicator .

When they are blue and then we have up cross It means an up trend . 

The gray dot on bbsqueeze means we don't have a good trend and engine of system is OFF, the red dots means engine is ON . 

We should consider it . At the next posts I explain more . 

Re: MACD&RSI's Trading

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So we have a live signal . 

As you see on the H1 chart , we have a supprt area , I showed on chart , and the trend is bearish . All indicator is going to the south .

based on technical there is a trend line which is broken , TTM getting red , bbsqueeze engine turned ON .

On H4 chart , we have a channel  , and bearish arrow and red TTM , bbsqueeze engine turned  ON  ( red dot ) .

Both RSI is below the center line ( 50 ) 

It is very important using of bbsqueeze engine . 

At the next post , I will explain the  bbsqueeze sysytem completely  but I don't use it as same as it is .


   
Attachments

Re: MACD&RSI's Trading

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MACD&RSI, thank you for taking the time to share your trading system with all of us, it's very generous of you.  It is threads like these that are going to make this site the best trading resource anywhere.  Hope you have continued success.

Re: MACD&RSI's Trading

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Seems our old/new fellows opening their bags on trading community as their 2 cont share and contribution :)
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


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