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I'm going to lay-off trading my account from 11:30a-1pm or so, but I will track it. 4 trades this morning. 2 winners and 2 losers for 1 point profit.

Yes, you did mention that a few weeks back. Looking at it, the volume on the ER is pretty low, but it does give you some good signals in the first few minutes. Thanks for the reminder.

Nice ZLR trade at 10:18 for +1.50. Good way to start the morning.

You're correct. That was perfect. Thanks for posting the picture. Wish they all worked out like that. LOL

I would be tickled to get 10 points per week net per contract. btw, I just scalped a short for 1pt to get myself to net even on the day (you'll see the entry at 3:35pm).

I started developing the system about 4 weeks ago when I saw this thread and trader 28's info. I've only been tracking the system since the first of the month and trading it for 9 days. Not much for sample size, but it's given me a great addition to my other trading systems. I am really...

Yes, since 2pm there have been 4 signals with 1 winner, for a loss of .50 for the hour.. It's been very choppy using this system with a lot of trades and down -1.00, which really isn't too bad for a system hitting less than 30% profitable trades today. This is daytrading. You spend 70-80%...

2pm update: 4 winners and 12 losers for -.50. Not bad being down only .50, obviously there was a lot of chopping with reverse signals. During the 11:30a-1pm time frame: 5 trades for a -1.40 (one winner for 1.50). Could have saved myself some money by taking off when the big guns go to...

Yes, we're trading in a 3 point range since 10am est. You're just not going to get 1.50 targets hit in that type of narrow trading. Even so, if all signals were taken with targets, stops, and reverses, you'd be down about 1.30 points. There was even one signal that hit +1.40, but was a...

Yes, it was ZLR trade. The ZLR can skim along the other side of zero for a few bars. Remember, I'm just trying to scalp 1.50 points. I'm just looking to ride a "shot" of momentum.

Target hit for a 1.5 profit, but I'm fine with only getting 1.10. Sometimes I will weigh the reward of another .40 vs getting stopped out with a 1.00 loss and I'll just bail. No problem...next trade on deck.

Yes, but did take a 1 pt loss. Shorted at 766.1 and bailed at 765.00. We hit the early low and just kept bouncing, never got to my 764.60 target which needed a 764.5 bid to get filled, so I bailed with 1.10 instead of a potential 1.5 profit and have 2 trades, so far...basically break-even...

I'm taking all signals off of both macds, although most will come from the faster one.

Yes, I will take these ZLC trades after either a divergence between price and macd or after a re-test of a high/low of price with a divergence. Good point.

After you watch these markets for awhile, you'll see a lot of double tops or double bottoms that re-test, but do not make new lows or highs. The divergence was there on the 3,10,16 macd, but you're correct, prices did not make a new low (they came within .20). You'll see the YM did the...

Bailed at 775.00 for a total of 3 points on the day. Not bad, for an 8 point range day. I'll take it. I'll probably not be posting these trades in the future as you can read what's already on here to get some good ideas. I will check in to answer any questions, but the trade posting...

LBR is Linda Bradford Rashke, she is big on the 3, 10, 16, macd so I wanted to credit her, as that's where I learned about it. I use the 3, 10, 16 because it is more robust. It seems to get me into more trades and into the trades earlier than the canned settings. I'm just going for 1.5...

Sorry for the typo, yes it is 3,10,16, thanks for catching that :) I tried to edit it, but I guess you can't after 30 minutes :( 1 point stop and 1.5 target was arbitrary, but it seems to work. I always want to have a larger profit than loss. Remember, 1.5 points on the ER is like a 3...

ZLR had 6 losers ZLC had 3 losers Adding the ZLR trade gives me a lot more trades to take and I know from Woodies set-up that they can be real good entry points for continuation trades. Okay, filled on my 774.60 exit. That puts me at +4.00 points per contract on the day with 9 trades, 4...

Yea, it was/is choppy. Generally, I don't trade during the lunch hour for New Yorkers. I have been trading this system throughout the entire day, as I want to find time frames that are more profitable and ones that are less so, even though I know what these are from experience, lol. Since...