Simple Profitable Method

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Quote from mysticman:

On the contrary I can't even read these charts. Why are they so small?

They should be gifs or pngs and 50% larger. I can help you if you need it for that.
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Quote from Bearbelly:

Can you please tell me how much you will let a trade move against you before bailing? Three out of those four crosses were pretty iffy if you waited for the zeroline cross.
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Welcome to the trade teaching business!

Sweet system (Yeah, I know I already said that, but while it appears to be simple, it actually factors in a lot of macro items ... I mean the time stop, wowza!).

You probably don't want to have a daily directional bias, or let such things as Pivots, Support and Resistance get in the way of your making money, but I like to trade with checks n' balances.

Also, you might find that the NQ can give you a good grove too, you'd just have to double the # of contracts (heh, it's a favorite of mine).

Best,

JJ
 
Quote from maggandre:

That guy is not capable of doing his own analysis and making his own decisions or plans.

trader28 presented you with something to consider. If you like it, explore it more and use it. But quit asking him to spoon feed you.

If you think it is BS, or it doesn't resonate with you, move on.
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Ever heard of minding your own business. He doesnt have to answer any of my questions if he doesnt want to. Let him decide. What the hell difference does it make to you? This is his thread, not yours.
 
Ok I am going back to the beginning and am going to re-read this thread. But this is what I got so far:
  • Trade ER2
  • 10m chart with 9d sma + MACD 12-26-9
  • 2m Chart with 9d sma + MACD 12-26-9

Rules
  • When 10 min chart indicates MACD under the zero line then you are only looking for shorts on the 2m chart. When entering use the cross of the fast wiggly line in the MACD pane on the 2m chart with regard to the zero line. Both the 10m and the 2m need to be under the zero line. Reverse all of this for longs.
  • Stay in the trade for 10 min usually but you can get a "feel" for how volatile the day is after trading this a while. If you make 200 bucks with one contract before the 10 minutes TAKE IT!
  • You can jump start your entries by experimenting with that 9sma in either chart. Be careful here, this is discretionary.

Michael B.

P.s. I prolly got some of this wrong...so I will go re-read.
 
ahh..I will go edit...under the zero line on both the 10m and the 2m...thanks!

Quote from trader28:

It's becoming gospel this half hour of chop on open

ElectriSavant... 2 min zero line is critical
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ahh..I will go edit...under the zero line on both the 10m and the 2m at the same time ...thanks!

Quote from trader28:

It's becoming gospel this half hour of chop on open

ElectriSavant... 2 min zero line is critical
More...
 
Quote from ElectricSavant:

Ok I am going back to the beginning and am going to re-read this thread. But this is what I got so far:
  • Trade ER2
  • 10m chart with 9d sma + MACD 12-26-9
  • 2m Chart with 9d sma + MACD 12-26-9

Rules
  • When 10 min chart indicates MACD under the zero line then you are only looking for shorts on the 2m chart. When entering use the cross of the fast wiggly line in the MACD pane on the 2m chart without regard to the zero line, but if you are below the zero line even better. Reverse this for longs.
  • Stay in the trade for 10 min usually but you can get a "feel" for how volatile the day is after trading this a while. If you make 200 bucks before the 10 minutes TAKE IT!
  • You can jump start your entries by experimenting with that 9sma in either chart. Be careful here, this is discretionary.
More...

You are now entering the zone..........
 
Well I do not know about that..

I am trading Forex as I write while doing my moderating duties...

Fellah's carry on...and excuse the intrusion. Thanks for this thread!

Michael B.


Quote from wee man:

You are now entering the zone..........
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