Never miss a story from Richard Krivo

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Richard Krivo

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Student's Question:Ive made trades where you enter a position when it looks like the MACD is going to intersect (crossover) but it doesn't and it goes even further in the direction in which it was going, ultimately hurting my account pretty bad, any suggestions?Instructors Response:SureFirst and foremost we only want to take trades in the direction of the trend on the Daily chart...that is the first filter.Check that out before the indicator is consulted.Don't let the MACD (or any other indicator for that matter) decide the direction of the trend for you. The indicator does not know the direction of the trend! The trader makes the determination of which direction to be trading the pair based on the direction of the Daily chart. Once that is done, then we consult the MACD to fine tune our entry in the direction of the Daily trend.Next, it is strongly advised not to take a trade when it looks your entry signalmight happen...wait until your entry signal does happen.

Looking at the 4 hour chart of the EURCHF below we can see two areas where the MACD line looked like it might cross over the Signal line. In each instance it did not…

Nothing_Happens_Until_It_Happens_body_chart_5_19_11.png, Nothing Happens Until It Happens

Remember…”nothing happens until it happens”.

Patience and disciplineare two traits that will serve a trader well over time.