Replies to post #77812 on Simple's Green Room

[pennies2007]

Hey SG, I just noticed that you've gone back to the standard settings on the MACD pincher setup instead of the 8,17,5.

Did you find the standard setting to be more accurate?

[Qui-Gon Kagi]

How long would you say you find yourself holding the pincher trades before finally taking profits on average SG? I'm guessing that if the pinch occurs on the chart of a larger time frame, then you'll wait longer than if the pinch occurs on say a 5 minute chart, but is that the case all the time?

Also, I can't help but notice looking at your chart below that oftentimes the price will reverse a fair number of pips before the pinch actually presents itself at it's tightest point before the lines turn and roll over reversing from top of indi window toward bottom or vice versa, so how can you make most of the price action and pippage potential?

[pennies2007]

Ok, I'm officially loving this MACD pincher setup, SG...LOL!

I just set the parameters back to the standard settings of 12,26,9 and I saw AU had a nice pincher setup on the 1, 5, and 15 minute chart.

I combined the pincher with the 1.618 setting on the gartley that appeared and BOOM!...it jumped right after I entered.

I didn't hold it long because of the Fed junk today but it still netted me 2.5% profit just then.

Very nice! :-)

5 minute AU Chart...

[ryanmnly]

Ok, I see what you mean. This hits home for me because I'm a big fan of the MACD, especially 8,17,9. But I am slowing it down so I can see what you see. One thing I've found is that the MACD seems more accurate on tick charts, which i use on thinkorswim. I will keep these up and observe carefully. Thanks for the informative reply,it is always helpful!