My System - My trades.

[varunkochhar]

When Macd line is at or near zero then the 2 EMA's are the closest and waiting for a BO/BD.

 

[varunkochhar]

 

[Tuna]

Satyanash ho gaya - sab kuch ghumke back to MACD the first indicator of my trading career. Varun, what you are saying is correct - but it is known- low volatility leads to high volatility. Same can be done using BB band contraction. The take is which direction - and how much of the trend to miss before jumping with it. I generally prefer to miss the first 5% (approx).

 

[varunkochhar]

See the price chart where i have marked the arrows. They come a around the same time when Macd line is at zero without doubt.

 

[Tuna]

The killer of any system is not SL , it is the whipsaw. You try any God Damn thing - you can not avoid the whips, and that where your loyalty to your system will be tested. If you stick to your plan, you will make it big.

 

[varunkochhar]

The Macd is for people without AMI. The clouds give a picture on the price charts itself. This is not about MACD but we are discussing when to take a trade. Sometimes the simple things in life is what matters.

 

[varunkochhar]

Tuna ji hold on to your horses. We are not debating why to take a trade but when to take a trade. The why would also be taken up.

 

[varunkochhar]

You have forgotten my very key input over the weekend. We do not make money (i mean not serious money) from our initial trade my friend. The Initial trade only gives us our bread and butter. The chicken and the Daaru come from Adds without taking any extra risk. But for that we first need to establish that a trend is in place. If only you would give me time then perhaps i can dwell on the rest of it.

 

[arjun.panda]

Nicely put

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[varunkochhar]

You know the mantra of success is to loose small but win big. Just looking at the charts i have posted only taking the 1st 4 trades would have given you 400+ points in positional. Just going long when the cloud contracts and taking the trade in the direction of the BO. (for others just taking long when MACD goes above zero and (very importantly the last pivot highs above the the channel top just before this signal) (to take care of whips). To take Adds too with very clear stops (the pivot lows below the channel bottom) before these signals and you would be good.