Forex trading strategy #39 (Black MACD)
Submitted by User on August 18, 2010 - 06:53.
Submitted by Lukas
Hello, I have a nice strategy. It is called "Black MACD". Here it is.
Time frame - any
Indicators - EMA (3,18), MACD (12,26,9), RSI (14)
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Also, what do you recommend for stops and limits? I was thinking Stop 40, Limit 70? Trailing stop or no? thanks Lukas
Joe M.
jofus1981()gmail.com
Hello everyone -
Hold off on Binary Options. I am getting a lot of conflicting opinions on them . Caveat Emptor.
Meanwhile , for excellent info. on the CCI go to -
trading-naked.com/cci-trading-the-50cci.htm
Concentrate on Dr. Bob's 5014 TREND CONTINUATION TRADE. Retracement trade are always more accurate .
You get fewer trades , so it requires patience and self-discipline . However , if you do not have those
qualities , do NOT trade. You will lose .
George F.
@George: Related to the CCI7 strategy.. Is it me, or are the profits mostly small?
As always, the black MACD only works when trending! Be careful!
User-
For update see my post of Aug. 25 re Dr. Bob. CCi profits as with other indicators vary with time
frames. You can scalp as well as do longer trades. Each strategy has its pros and cons .
See Dr. Bob 's setup # 1 , 4 th paragraph , " Many times after the hook .......... " . This will help
keep you out of most ( not all ) bad trades. There will always be some unavoidable losers , unless you
are that rare individual who can " predict " prices in any market. Let the market TELL you when to trade,
and when to stay out ,
instead of trying to " beat " the market . Even George Soros , a multi-Billionaire has had some huge losses
trying to control the currency market. Years ago the wealthy Hunt brothers tried to corner the entire Silver
market , failed and took a huge loss . Whenever you let your EGO get in the way , you will lose. The
worst traders on the planet, with few exceptions , are Physicians and Lawyers ; for precisely that reason .
George F.
does anyone know? where i can get proper technical education?
Online - there are tons of online books, educational articles etc.
..or try Market Traders Institute( http://www.markettraders.com/ ) if the question is about getting education in the very essence of it.
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