Thread: 1) Do you have a question on MACD?

Originally Posted by Wilma

Thanks Richard.
I will be on the sidelines for now. I'm going to use the MACD so I can learn about it and understand it better.

That sounds like a plan....

Let us know if you have any questions as you are going over the MACD indicator.

this has nothing to do with MACD but i need help. i can not get the new daily FXCM course to give me access and dont know who to get in touch with to find out what the trouble is.

per prevous post: my e-mail is bw_batman_d@yahoo.com

Originally Posted by bwbatman

this has nothing to do with MACD but i need help. i can not get the new daily FXCM course to give me access and dont know who to get in touch with to find out what the trouble is.

I am not sure what your particular issue might be, but here is a link to the page that will take you to the course. When you get there just click on the one of many links to DailyFX+, where the course is found.

FX Power Course | Forex Trading Education

If you see this box pop up on your screen, just click on the "no". There is an issue with using Internet Explorer, which is why I am showing this box below. If you use another browser like Firefox, you should not have any issues.

Thomas, after 5 or 6 tries i finally got the u showed me pop up and i got in to MACD lesson #1. why it took so long i don`t know but it worked. thanks a lot. iowe you one. bwbatman

that should read box. sorry. bwbatman

Originally Posted by bwbatman

that should read box. sorry. bwbatman

No problem...

Originally Posted by bwbatman

Thomas, after 5 or 6 tries i finally got the u showed me pop up and i got in to MACD lesson #1. why it took so long i don`t know but it worked. thanks a lot. iowe you one. bwbatman

You are welcome and I am glad that worked out for you.

I will pass your thanks along to Thomas...

Hi richard,

I want to use parabolic SAR. What are time frames better for this indicator and what are the settings?

The default settings are :
step:0.02
maximum: 0.2

Originally Posted by NMV

Hi richard,

I want to use parabolic SAR. What are time frames better for this indicator and what are the settings?

The default settings are :
step:0.02
maximum: 0.2

You can use this indicator on any time frame but the daily is the best for all technical analysis. I would recommend sticking with the default settings until you became more familiar with what the indicator could do for your approach.

Originally Posted by Thomas Long

You can use this indicator on any time frame but the daily is the best for all technical analysis. I would recommend sticking with the default settings until you became more familiar with what the indicator could do for your approach.

Hi thomas,

I understand daily chart is better. But then it is prefereble to enter in to a trade when the first DOT appears either on top or bottom of the price bar.

As some one said here, this indicator right now shows down trend in euro/usd the daily, 4hr, 1 hr, 30 min chart but in 15 min, 5 min it shows up.

The price has gone up by 55 pips from todays bottom, and when i trade by seeing higher time frame, it will be loss right now if i use this indicator for highr time frames?

Do you mean to say that if is higher time frame, i should enter into trade immediately when the first dot appears?

Another question.

Assume that i enter into a trade using parabolic SAR in 5 min chart.

The exit point can be using 1 min chart when the dot appears in the opposite side of price bar?

Originally Posted by NMV

Hi thomas,

I understand daily chart is better. But then it is prefereble to enter in to a trade when the first DOT appears either on top or bottom of the price bar.

As some one said here, this indicator right now shows down trend in euro/usd the daily, 4hr, 1 hr, 30 min chart but in 15 min, 5 min it shows up.

The price has gone up by 55 pips from todays bottom, and when i trade by seeing higher time frame, it will be loss right now if i use this indicator for highr time frames?

Do you mean to say that if is higher time frame, i should enter into trade immediately when the first dot appears?

I would recommend waiting for a reversal before entering into a new trade. A reversal back to the direction of the trend.

I don't know about the loss you refer to. I guess it depends on how you use the indicator. In my opinion, the Parabolic SAR is not one of the better indicators in use today. Many times, the opposite dot is too far from the market to offer any real value. But that is just my opinion.

Originally Posted by NMV

Another question.

Assume that i enter into a trade using parabolic SAR in 5 min chart.

The exit point can be using 1 min chart when the dot appears in the opposite side of price bar?

You could but you need to do some backtesting to see if this works or not.

Originally Posted by Thomas Long

You could but you need to do some backtesting to see if this works or not.

Right now i am back testing of course.

It gives wrong signals when the price is consolidating. It is best to use this during trending, means when US or europeon session opens.

This indicator may not be suitable for asian session.

I would rather prefer enter using 5 min and exit using 1 min. Reason i am booking the profit, though some times i am cutting shor the profit