Not too happy trading yesterday evening and today: quite substantial losses, yesterday due to big stop let run and it was hit on EFSF rumours, and today on opposite - too small SL and got jammed in ranging price action.
However managed a classic good trade later on on demo, VSA plus MACD. I have been going through my trades and analyzing them, found inconsistency mainly caused by either calling reversals solely on basis on some TL being broker (unreliable) or even horizontal support/resistance broker (more reliable but far not enough) with VSA confirmation only good for few pips and reverse. So I started to look for a filter to those signals and found it in MACD. So, if we have positive MACD on M5 and M1 and on M1 it crossed zero line to down and on M5 it crossed down the signal line - I start looking for VSA confirmation to go short on breaking of the level or momentum candle, by this time MACD on M1 must produce 3 consecutive bigged down bars. Opposite applies to long trades. Trade is open till it hits SL or TP (based on current volatility), or if opposite signal is received (3 bars) then I will close the trade but not reverse unless M5 MACD supports it.
And another one from earlier today, when I just started to apply MACD:
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