Simple Profitable Method - Take 2

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SPM is a joke. A bunch of people fooled by randomness, suckering themselves into believing this nonsense can make you money in the long run.

Take trades flipping coins and you will have nice long winning streaks.

Be unlucky enough to start using the coin flipping method right at the start of a winning streak, and you will be convinced the shit works. Well, until you lose your ass later.

SPM is the same thing.
 
Quote from traderdragon2:

SPM is a joke. A bunch of people fooled by randomness, suckering themselves into believing this nonsense can make you money in the long run.

Take trades flipping coins and you will have nice long winning streaks.

Be unlucky enough to start using the coin flipping method right at the start of a winning streak, and you will be convinced the shit works. Well, until you lose your ass later.

SPM is the same thing.
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So is that your method of trading, flipping a coin?
 
Quote from traderdragon2:

SPM is a joke. A bunch of people fooled by randomness, suckering themselves into believing this nonsense can make you money in the long run.
More...
Why'd you have to go and spoil all the fun?

So much for this thread turning into another 400-page monster of cherry-picked charts, people bickering about SMA+2 settings, and other grail hunting odds & ends. :p
 
Quote from Allaces:

Hehe.. I doubt old Draggy uses anything that sophisticated
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It’s better to keep your mouth shut and let people think you are a fool than to open your mouth and remove all doubt.
 
Quote from traderdragon2:

It’s better to keep your mouth shut and let people think you are a fool than to open your mouth and remove all doubt.
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Actually it's better not to use old lines that you think will impress people with your originality :p
 
Quote from traderdragon2:

SPM is a joke. A bunch of people fooled by randomness, suckering themselves into believing this nonsense can make you money in the long run.

Take trades flipping coins and you will have nice long winning streaks.

Be unlucky enough to start using the coin flipping method right at the start of a winning streak, and you will be convinced the shit works. Well, until you lose your ass later.

SPM is the same thing.
More...

I don't understand, if it were a joke then it would never work. This method works well in trending markets, if you have a suggestion to filter the chop, I am all ears. You can't backtest the future but you can do a walk forward on on similar model taking the merit of the system. I am not a big fan of macd but it does catch the major reversals.
 
Quote from JSSPMK:

SPM works, it all depends on your understanding of a working pattern. Which pattern is it? Usually the best one is the one that creates 2 to 3 declining peaks or 2-3 rising lows prior to hitting the 0 line. I would only trade those set-ups using SPM, ie 2-3 failure crosses & only then I would enter. It's like in Blackjack in a way, who has a more favourable odds of getting a better hand after you have 4-5 consecutive losses, you or a dealer? You, of course. Are you always gonna have a winning hand after 4-5 consecutive losses - NO. Is SPM The Holy Grail - NO. What is SPM? It is a fantastic easy to understand pattern that works most times when right conditions are present. Why do you need 2-3 failure crosses? Because that way longer term charts are getting prepped for a larger move & that is all that is important.
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4 lower peaks
 

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