- Search Energy EXCH
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- Michael898 replied Aug 20, 2020
Yes I understand, but you also mentioned that you look for ema crossovers against the D1 bias in the H4 timeframe sometimes, I guess you do that when the retracement is more prominent?
Macfibo System Version 3.0
- Michael898 replied Aug 20, 2020
Very impressive, so you try to catch both the retracement that goes against the D1 bias (if it looks like there's one happening in H4) or you wait for the price to retrace a bit and then enter with a M5 signal, and catch the continuation of the D1 ...
Macfibo System Version 3.0
- Michael898 replied Aug 19, 2020
Thanks great explaination! Yes to be honest I'm curious, I like Macfibo a lot for swinged/more relaxed trading, but at heart I'm a day trader so I would be super interested in those lower timeframes you mentioned. Would you prefer moving that ...
Macfibo System Version 3.0
- Michael898 replied Aug 19, 2020
Very interesting, thanks for sharing! Do you mean bullish crossover? As in, you know the D1 bias is bullish, there's been a bearish crossover in H4, and now you wait for a H4 bullish crossover to enter long. If so, it sounds like an interesting way ...
Macfibo System Version 3.0
- Michael898 replied Aug 19, 2020
Keeping an eye on Gold now, let's see if an entry signal happens tomorrow during the London session, the price just entered the zone. I just noticed that you have a TSI in some of your charts, do you use it as an additional filters only in some ...
Macfibo System Version 3.0
- Michael898 replied Aug 15, 2020
I must say I really like your system, I did some more backtesting and some more questions came to mind: 1) Have you considered using a trailing stop? Maybe not an automatic one that follows the price, but just manually adjusting the SL when ...
Macfibo System Version 3.0
- Michael898 replied Aug 14, 2020
Thanks for the clear answer! I'll ask for another clarification if you don't mind: do the same principles apply if one of the M30 entries hits the SL? You keep on opening new trades as long as the 3 points you mentioned still stand and a M30 ema ...
Macfibo System Version 3.0
- Michael898 replied Aug 13, 2020
Interesting system with a more relaxed/swing trading approach, I like it! I have a question, is there a max period of time after which you deem the D1 ema cross too old? As in, what happens if the price trades away from the 38-50 fibo zone for a ...
Macfibo System Version 3.0
- Posts by Trader Search: 'Michael898'