Gambler67

Does anyone have mt4 indicators for Rockwell tradings MACD strategy?

Thanks.

Hi Guys,

Does anyone have an mt4 indicator that changes the bar colour with macd crossing or crossing especially above the 0 line.

I have searched in our forum but cannot find one. I think it is being used by someone called hoietkeer in emini trading

Thanks

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Now what would happen in these instances if, instead of waiting for retracements which may not appear at all, you instead bought the market as it trades above the previous high that occurred before the bounce and participated in these strong trends? When I began to systematically take such trades, I finally turned the corner and began to make money.

Thanks again for the input , tmalone. But then what time frame would I be looking at when trading breakouts above the previous high and where would be my SL then. Wouldn't the risk be too large if it was right at the previous low or where?

Money from spreads is not enough. Nearly all firms have a profit maximising objective, and manipulating prices is how they can achieve it.

Thanks chris, but then how do we avoid this manipulation?

I do not use any indicators or fundamentals. My trading is about as simple as one could get. I basically buy new highs and sell new lows when they occur on larger than average price bars that close near the top or bottom of the range on daily charts. I also keep track of the size of corrections in terms of the amount of pips and the amount of bars they consist of. For example, if a market is trending up, it's first two corrections may run 3 to 4 bars long and be 95 to 100 pips deep. The third correction may then run 10 bars long and be about 300 to 400 pips deeps. I then begin to key off of the biggest (3rd) correction and will watch and wait for a correction that is more than 10 bars long and 400 pips deep. I will sell the market as soon as such a correction occurs with a stop above the previous high. This is a technique I got from reading Gann and it's quite accurate at positioning one into developing trends.

Thanks tmalone, Do you have a book by Gann explaining this particular technique?

Are you trying to trade every retracement that occurs ? You need to be more selective I would only look at retarcements that occur in an established trend and then I would make sure that that trend has not been violated.

Trying to catch a reversal at the exact bar at an exact fib percentage level is a very dangerous way to trade.

Hello shabz, Thanks for your input. I actually look at higher time fromes like 4 hour and daily fractals. However, those in very strong trends hardly retrace at all, sometimes not even 32.8. They just bouce away from 23.6. Therefore waiting can be a boring game and will hardly enter any trades.

Thanks chrisenjy and tmalone. What however I do not understand is what do brokers have to gain by manipulating prices quoted to us? they make money from spreads anyway.

tmalone, I have tried Bernie Mitchell, but was just as unsuccessful. Are you able to tell me how you determine strength and weakness? Are there any indicators or fundamentals you look at?

Hello Guys and Girls,

Thanks for this wonderful forum. It is not only about the shared material but also the knowledgeful discussions.

I would like to ask what experience everyone has regarding the best retracements to trade on. I myself have tried several on different timeframes and despite looking for the best confluence of Pivots and Fibs, I get stopped out 70% of the time. I have often followed this method of uptrend meaning higher highs and higher lows, but what happens when a retracement makes a lower low to your point of confluence. Should that be considered a retracement for a long and should it be stayed away because it has made a lower low. the same problem arises when I am looking to go short on retracements?

Can anyone enlighten me on this? I have read several books, but this matter still remains unsolved.

I am sure this will help other members who are just as confused.

Thanks in advance.

Hello a777,

50-100 pips is nothing for 40 lots. If I make 20 pips which most of the times I do with one lot, imagine what I can do with 40 lots.

Thanks cubicrey,

I think then I had better go back into employment.