Eieio

P

profitseer

wherein E stands for Entry
I stands for Indicator
E stands for Exit
I stands for Indicator
O stands for options

Finally got my channels working. It's amazing how much better life goes when the market trends.

I love scalping all day long
EIEIO
With a tick tick here
And a tick tick there
Here a tick there a tick
Everywhere a tick tick
I love scalping all day long
EIEIO

(the O stands for options, that means you don't necessarily have to exit at a scalping tick if your options look good)
 
Quote from traderkay:

great profitseer. and maybe you could actually provide a nice description of what you've arrived at:)
More...
kay, that's all I've been doing is blabbing about these stupid channels.

You just set up a slow ma and a fast ma and some channels and you try to trade them.

You can use the chimp method which trades from the cross out to the channel, but everytime I tried that I would become forelorn and despondent and eventually end up in the grips of severe depression.

The best trade goes from the channel. If you hit the slow ma thats a show. The fast ma is a place. And the other channel is a win.

If it takes out the other channel, that's why they call it a trifecta.
 
Quote from profitseer:

kay, that's all I've been doing is blabbing about these stupid channels.

You just set up a slow ma and a fast ma and some channels and you try to trade them.

You can use the chimp method which trades from the cross out to the channel, but everytime I tried that I would become forelorn and despondent and eventually end up in the grips of severe depression.

The best trade goes from the channel. If you hit the slow ma thats a show. The fast ma is a place. And the other channel is a win.

If it takes out the other channel, that's why they call it a trifecta.
More...
and all that occurs within or without support and resistance. Draw a horizontal line when the ma's cross and you will see why you are having a bad day.
 
Quote from profitseer:

Draw a horizontal line when the ma's cross and you will see why you are having a bad day.
More...
:D

Speaking of which I looked at that horizontal line thing for several days, and it was very interesting. I didn't trade it per se, but I found that the larger empty areas were certainly where price seemed more robust.

I have been dying to use that term, 'robust'.
 
and if the ma's cross against you while you're in the trade, the mkt is usually very forgiving at that moment and you can darn near scratch.
 
Quote from inandlong:


:D

Speaking of which I looked at that horizontal line thing for several days, and it was very interesting. I didn't trade it per se, but I found that the larger empty areas were certainly where price seemed more robust.

I have been dying to use that term, 'robust'.
More...
I don't get it. This system worked fine when trading AMAT. But when I used it on ES I went robust.
 
You must log in or register to reply here.
Back
Top