MACD is a trend indicator, for overbought/sold purposes you want a momentum indicator like CCI, RSI, Stochastics etc.

(binned per thread starter’s request) Lets Improve This Strategy

I got bored so I tried scalping...no plan or anything & what a disaster, won't be doing that again anytime soon LOL! Still waiting on that short to either stop me out or shower me with some much needed pips.

Dragon or Snake - GU, UJ, GJ, EU, EJ

By the way I cant seem to upload anything onto the post, I keep getting "error cannot upload". I disabled the antivirus etc but no luck. If anyone has any ideas? I'm sure it will work again eventually.

Dragon or Snake - GU, UJ, GJ, EU, EJ

Greetings. Had a short during asia which got stopped out at LO. So went short again...I think my stops are too tight. Anyway, perhaps yesterday was only a correction & today it continues southward. I don't think there's any news today either. Lets ...

Dragon or Snake - GU, UJ, GJ, EU, EJ

As long as its green be happy buddy. I closed at 150.941. Would have preferred to trail behind certain candles but had a couple of small losses this morning. Will wait to see how it reacts at 151. If it stays below then it's back down, if above then ...

Dragon or Snake - GU, UJ, GJ, EU, EJ

I'm glad I got out that short earlier & took a long instead...surely this is the move, or do I have jump sides again LOL!

Dragon or Snake - GU, UJ, GJ, EU, EJ

Took a long earlier & closed for a few pips at a pullback. Re-entered long again after price action but lost. Now I'm short, hopefully this is the move for the day as there seems to be rejection at the monthly pivot...plus the trend that started on ...

Dragon or Snake - GU, UJ, GJ, EU, EJ

Haha yes too scared. I placed 2 shorts this week so far on the 4h & both hit my b/e by 1 or 2 pips...targets were hit as well. So I'm feeling a little apprehensive. Would hate to end the week with a loss after a near big win...

Dragon or Snake - GU, UJ, GJ, EU, EJ

Cheers Ed. Any particular reason you use the alligator instead of the tenkan/kijun lines with the kumos? I like ichimoku, especially on the higher TF.

Dragon or Snake - GU, UJ, GJ, EU, EJ

Nice, another Dragon thread. Subbed. Which way?? just as Maflip says above. Its been hovering around the D pivot for hours, I expect a nice prolonged move somewhere, somehow...

Dragon or Snake - GU, UJ, GJ, EU, EJ

Greeting traders. Glad to have found a thread dedicated to volume analysis. I don’t trade this technique yet but since I started last year volume is something I always have another look at it. Up until now the best I’ve come up with is ...

vsa with Malcolm

Stopped out.

EURUSD only

Pretty much what I'm thinking...for what its worth my buy order was triggered. I'm thinking there's still that gap just where the weekly pivot is at 1.89. Not to mention the D pivot & monthly open above it & of course your trendline...let's see how ...

EURUSD only

Yes why not, you have nothing to lose & all to gain...good luck.

Dragon Riders GBP/JPY

Gotcha cheers. Currently at the weeky pivot, perhaps a good time to close if your day trading. Good luck mate.

Dragon Riders GBP/JPY

Nice one. The early bird gets the worm. What's your criteria for when to close this nice trade of yours?

Dragon Riders GBP/JPY

Could well be right, this corresponds to last month's low also. My guess is it will hit last weeks low area at 148.5 then range a bit before it breaks new lows. Easy Obviously just a guess...will see how it plays out, either way I hope ...

Dragon Riders GBP/JPY

Congrats on making it to the world cup, a lot of big names haven't made it. Might go far. I don't quite understand those vertical lines yet...I might get it tomorrow. Cheers mate

Cable Update (GBPUSD)

Thanks Nala, any chance you can elaborate on the Cycle lines tho? on the charts here I don't see blue vertical lines. Do you mean the actual trading sessions or wave cycles?

Cable Update (GBPUSD)

Hello Nala, still doing your thing I see...making pips without the headache. Nice. If I may ask, how do you determine signals exactly...what MAs/TFs etc do you use?

Cable Update (GBPUSD)