Hi,
Can u plez tell whats the parameter ofg ur macd n adx and which timeframe u look ?
johnny
well.. the above trade i mentioned is a pure gamble, it doesnt have anything to do with MACD or ADX
my daily trades or positional options are based on those indicators though. I will try to post the screen shots of the indicators when i enter into the trades.
I use 3 minutes and 15 minutes timeframes but always keeping an eye on 1 minute candles also.
The system is simple. When the MACD and the signal line both are above the zero line, we look for long opportunities. We enter for long when the MACD line cuts the signal line from below(but both should be above zero). Reverse the case below zero, we go short.
We dont go short any time when macd is trading above the zero line (exceptions can be made sometimes)
How i incorporate ADX into the trades for accuracy - i will explain during the trading time with chart.