its all fun and games!
i have just been thinking about my trades and my approach. i've come up with some basic realisations that io thought i would note here. obviously its only been 2 days so its not concrete per se but just something that i have noticed.
point 1:- last 2 days i've noticed that when trading off the H1 and T30 TF's, the macd rarely crosses over the midline and since i was ideally looking for a midline cross as a trigger,that meant i didnt have any trigger to trade these last few days as the eurusd has carried on pretty much as it started.
point 2:- i notice that the macd indicator doesnt give an accurate representation of trend reversal (i appreciate that its a lagging indicator) and it seemingly gives off delayed signals and too gradual for picking entries.
i note that on shorter TF's, the stocs in particular, gives off a much more reliable signal of trend reversal, espcially when the lines cross and the stocs is either touching or above 80 or touching/below 20.
in asessing the macd, in my mind, it seems one to show gradual trend reversals and coupling this with a higher TF, can be used to assess general trend in the present moment.
there is much more 'noise' in the T1 timeframe that t30+.
strategy going to be amended in next post.
this is as much for my benefit in terms of documenting my thoughts as it is for sharing. Some may question why change my strategy after only 2 days. well my honest answer to that is that the strategy was only begun recently and not backtested (yes, im an idiot and destined to lose a pile of ££££).
so reasons for change:
1. i cannot identify entry triggers.
2. im uncomfortable with indicators and their supposed purpose
please feel free to comment if you feel you could add anything constructive, positive or negatve, to this line of thinking. i would particularly like to hear from anyone that is using a mix of stocs/macd for their trading currently.
otherwise, thanks for taking an interest. i will post a newly updated strat in a moment.
