Simple Profitable Method - Take 2

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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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2 declining peaks + divergence and 2 rising lows, which is a classic buy formation by itself (referring to price) during a bull market.

NB: Bearish SPM has been confirmed by a histogram which registered 3 declining peaks ie divergence with price.

I would not trade SPM if histogram is going against MACD signal/moving average for instance when MACD has registered 2-3 lower peaks but histogram is registering below the 0 line.

BTW if you look on the hourly chart and 4 hour chart, then there are SPMs on both of those charts, on the hourly there are 3 rising lows in MACD & histogram confirms, on the 4 hour chart there are 2 rising lows in MACD & histogram confirms - to me that means quite a lot more upside to follow.
 

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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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3 raising lows

earlier this morning there was another good set-up in MACD (according to the SPM), but histogram was going against MACD signal/average ie lower lows in histogram when they need to rise as well for a perfect bullish SPM, just like in the later SPM that took place, where histogram is rising together with signal/average.
 

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Give me a break!

It's either going to go UP or its going to go DOWN.

Watch what the Market does and then follow!!!!!!!!

I hope this helps.

Tom
 
Quote from TOM134:

Give me a break!

It's either going to go UP or its going to go DOWN.

Watch what the Market does and then follow!!!!!!!!

I hope this helps.

Tom
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Spoken like a newb Tommy.. do you also watch a train leave the station before trying to get on?
 
Allaces.

You are trying to 'time' the Market in order to 'game' the Market.

Be content for your $ 'gains' to come from being 'with' the Market and NOT from trying to anticipate its absolute 'lows' and 'highs'.

Hogs get slaughtered!

I hope this helps.

Tom
 
Quote from TOM134:

Allaces.

You are trying to 'time' the Market in order to 'game' the Market.

Be content for your $ 'gains' to come from being 'with' the Market and NOT from trying to anticipate its absolute 'lows' and 'highs'.

Hogs get slaughtered!

I hope this helps.

Tom
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Clueless Tommy boy... SPM does not pick tops and bottoms

And it's... bears retreat, bulls charge... and pigs get slaughtered
 
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