MACD CFX
Compliment of the season! I will be starting the new year 2021 with this new forex market trading strategy. Its very simple to follow and its trend following. I will be trading when the trend is strong. INDICATORS - MACD Traditional - Dynamic Cycle Index (DCI) The approach requires a good skill in multiple timeframe analysis. It is a kind of top down chart analytical approach. You start to watch the trend from the D1 timeframe as you can see below. Like I said earlier, we want to trade when the trend is strong. How do we check that in the D1 timeframe? We wait for the MACD lines to give trend that is same with that of the DCI. In the image above, the trend is down-trend because, the MACD trend and that of the DCI is same to the down side in the D1. Now we go down to the H4 for clearer and better entry price zone. The H4 image above we wait for DCI to give down-trend from above the middle line and we are good to make cleaner entries in the M30 timeframe as you can see b...