u/Curious-Lonewolf

I'm going to ask a very broad question which applies to my MACD line cross and price action strategy, in this strategy i trade based on if the macd lines cross, supported by higher timeframe confirmation (HTF macd shows signs of heading lower) and price action analysis. in the image attached is a trade i took on USDJPY. I use the 30 min timeframe and enter at the macd line cross to the downside, granted this setup has little price action confirmation, most of the time, macd crosses are respected as I backtest regularly. But more often than not, whenever i trade, price will go above the macd lines after they start to curl downward as shown in the image. but if i don't trade, they are respected and the move plays out (typical!) I need advice on how to refine this strategy and a technical way to prevent premature entry and validate that price will respect a macd cross and when it wont. I'm open to any advice. Thank you.

Also, i feel that its important to mention that i believe this strategy is 90 percent effective as you can see in the image that price went way below TP shortly after, which means the strategy can be valid, but my execution is where i struggle, and i feel like a missing a piece to the puzzle.

https://preview.redd.it/kmobllczzayg1.png?width=424&format=png&auto=webp&s=05605757c2a75145c544038c5041547f67f9aaf2

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u/Curious-Lonewolf — 22 days ago

I'm going to ask a very broad question which applies to my MACD line cross and price action strategy, in this strategy i trade based on if the macd lines cross, supported by higher timeframe confirmation (HTF macd shows signs of heading lower) and price action analysis. in the image attached is a trade i took on USDJPY. I use the 30 min timeframe and enter at the macd line cross to the downside, granted this setup has little price action confirmation, most of the time, macd crosses are respected as I backtest regularly. But more often than not, whenever i trade, price will go above the macd lines after they start to curl downward as shown in the image. but if i don't trade, they are respected and the move plays out (typical!) I need advice on how to refine this strategy and a technical way to prevent premature entry and validate that price will respect a macd cross and when it wont. I'm open to any advice. Thank you.

https://preview.redd.it/0djlfkoyxayg1.png?width=424&format=png&auto=webp&s=ef7b94c59094211166e5a3efea40ba428ce15f8c

reddit.com
u/Curious-Lonewolf — 22 days ago