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Using two settings of zerolagMACD.
A cross of 5,10,5 gives early indication of trend change
Entry is when 12,24,9 crosses.
all time frames...
For key to setting zerolagMACD alert see http://www.forexfactory.com/showthre...84#post4642284
I am using Heinken Ashi which I prefer.
I watch for pivots and support and resistance..
the 200 ema..
market open and close and data release...
I like the way the template looks. Looks like a dragon
Mostly I am trading 1min and 5 min but I will look at higher time frames to keep perspective...
In the screenshot the stop is above swing high
the target is S1...
The screenshot shows what to look for. It wasn't an actual trade.
Interesting how the 5,10,5 will very often
(but not always and it
is not necessary but is really nice when it does) show a head and
shoulders when there is a change of direction coming... but it is
necessary to wait for the 12,24,9 for entry.
Since the 5,10,5 is so early there still may be upside before the actual
turn. But when the 12,14,9 does turn the trade can be taken with
What to look for.
5 min chart +6.3 pips
what it looks like on the 1min
1 min +2.4 pips
(There was more to go)
1 min +3.5 pips
entered too early.
didn't wait for slow macd to confirm.
15 min chart
since I messed up the entry on lower time frames I looked at the 1h and it shows a long over due correction to the upside..
so I gave a bigger stop and set a higher limit.
I prefer quick in and out on the 1min...
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