Captain,your system is great for those who try to pick tops and bottoms in the markets,like most newbies do. A simple working strategy with good $ management is all you need.
Thanks for sharing your system!
For simplicities sake,why not just utilize a 5 minute chart with longer term sma's in addition to the 60sma?Say a 120sma and a 240 sma as an example. When all are saying the same thing then your signal would be generated.
Best of trading to you Captain~
Elated-I know nothing about his "broker." The pharmacist I mentioned liquidated ALL of his Boeing stocks. I do not know (yet) if he took all of that money and put it in the index. He seems like a happy camper-very stoked about having his money in the S&P. I really hope it all works out for...
Here is an interesting story for you fellas. My co-worker,a pharmacist,was advised by his broker on monday to sell all of his Boeing stock that he has been building for 10 years and buy a load of big S&P contracts. Well,he did just that today. I did not ask how many contracts he bought-but it...
So the news came out-all negative for USD-NFP down,unemployment rate up,and average earnings down. So I am watching the Euro,and while it makes a small run up,stalls for a while then tanks. I thought for sure there would be a nice run to the upside. I am confused,please discuss.
Trader28-lite-etc...I want to say "thanks" for all you have shared here on ET. I too use your method successfully. Your method also works great on the major currencys.
BTW-the link you sent a while back to Bob Proctor's speach on youtube was awesome. I plan on buying the movie "The secret" to...