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the interpretation and application of price action concepts

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MACD Aggressive Setups thanks to efuturevision and Mike Bruns


MACD Conservative  Setup   Range Expansion REI Setup  REI Stochastic  Setup   9/30 Setup   REI Note 


 

These contributions are from Mike Bruns, world class trader. Mike's clear thinking and charts have allowed for many traders to finally "get it". His generous sharing and teachings have helped me raise my level of trading. Reinforcing the concepts of  trading with the trend, his knowledge of the bond market and other markets. Mike also gives after market hours seminars for members, they are exceptional. My personal thanks Mike...NQoos

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Location: With the Trend

The MACD is a momentum indicator composed of two moving averages, a Fast Line (FL), a Slow Line (SL).  A Base Line (BL) is the third component of the standard MACD.   

The values used are: 3, 11, 16

We are comparing the relationships of all three lines to each other to establish the set up in a “zone of opportunity.”  Once in the zone, the price bars decide the point of entry. 

The chart plots the Moving Average (MA).  I prefer the 30-period weighted moving average.  The 20-period exponential moving average is fine also.

Guidelines  

We are looking to take the trade in the direction of the Moving Average (MA).

The Slow Line (SL) has crossed over the Base Line (BL) in the direction of the Moving Average (MA).

The Fast Line crosses over the Slow Line in the opposite direction.  At this point, we are looking for and anticipating a conservative setup.  Instead, the prices reverse back to the direction of the Moving Average and the Fast Line turns in the direction of the Moving Average.  All without the Fast Line crossing over the Base Line to set up the conservative zone.

There is no time or place to set a stop or stop limit order.  We enter immediately at the market in the direction of the Moving Average.  We place our initial stop loss at the opposite end of the last completed price bar.

The exit for profit is based on price action as it develops and the relationship of the entry in this time frame with the larger time frames.  

 

In this example of the Eurocurrency, the MA is down so we are looking to sell.  We just completed a nice MACD Conservative Sell and let’s see if we can get another one.  The SL < BL. The FL > SL but turns down before reaching the BL. We sell at the market on one of the price bars indicated by the two arrows.  It depends on how fast we are at recognizing what just happened.  And we are short the market.  

In this example of the SP mini contract (ES), the Moving Average is up and we want to go long.  The SL > BL and the FL < SL. Then, the FL turns up.  We immediately enter a market order to go long at the area of the bars with the arrows, depending on how fast we recognize what just happened.  Initial stop loss is placed at the opposite end of the last completed price bar.  

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