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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MACD Aggressive Setup MACD Conservative Setup DeMark REI REI Stochastic Setup REI Note 9/30 Setup
MACD Aggressive Setups
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, 17
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
The chart plots the Moving
Average (MA). I prefer the 30-period weighted moving average. The
20-period exponential moving average is fine also.
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
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.