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Simple Profitable Method
- Thread starter trader28
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I'm watching this pullback on YM from the new all time high, it looks like a double top but it's laughable to see how week the pull back is! It's like the bull's are holding their breath waiting for one tick better fill.
anyway I just took a trader28 short at 12347, it looks like a top. it just won't sell off! what's new
anyway I just took a trader28 short at 12347, it looks like a top. it just won't sell off! what's new
yah, I can see I was way early, I only have a one minute macd that i'm using and where you're cross was I had 1 min macd moving thru 0 line. T28 always says he's anticipating crosses with his 2 min macd. He says the macd is behind the ma cross-over. More like a confirmation than and indicator.
I've never used macd before but I have noticed that the macd crossovers on the 5 min chart seem very significant. Anybody have any observations on that?
I use quote.com for $10/month. I need better charts but am not sure what to use. I don't want to trade brokers for Trade Station.
What charts are the best value? I only trade YM.
Just buy any pullback, longs have no threat! I can't believe I admitted taking a short trade.
I've never used macd before but I have noticed that the macd crossovers on the 5 min chart seem very significant. Anybody have any observations on that?
I use quote.com for $10/month. I need better charts but am not sure what to use. I don't want to trade brokers for Trade Station.
What charts are the best value? I only trade YM.
Just buy any pullback, longs have no threat! I can't believe I admitted taking a short trade.
I've read all the posts and I believe I understand most of the setups, but not sure how to use the 3MA+2 as early entry.
I attached the ER2 chart of last Friday. The time is PST, which is 3 hours late than NewYork time. The blue line in the price chart is the SMA3+2, the middle one is 2-minute MACD, and the bottom is 10-minute MACD.
Circles in the 2-minute MACD are zero-line cross or MACD MA cross, and are potential trades(I'd skip the last one 'cuz it's near market close). Red for short and green for long. The arrows in the price chart are the corresponding bars.
Even we take all the signals (excluding the last one) on bar-close, and exit on 2-points profit or 10-minutes, we'd have 4 winners and one small loser. Pretty good for a Friday, aint it?
Now my question is how you'd use the 3MA+2 for early entry?
I attached the ER2 chart of last Friday. The time is PST, which is 3 hours late than NewYork time. The blue line in the price chart is the SMA3+2, the middle one is 2-minute MACD, and the bottom is 10-minute MACD.
Circles in the 2-minute MACD are zero-line cross or MACD MA cross, and are potential trades(I'd skip the last one 'cuz it's near market close). Red for short and green for long. The arrows in the price chart are the corresponding bars.
Even we take all the signals (excluding the last one) on bar-close, and exit on 2-points profit or 10-minutes, we'd have 4 winners and one small loser. Pretty good for a Friday, aint it?
Now my question is how you'd use the 3MA+2 for early entry?
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3SMA+2 is not for early entry, it's for re-entry in a move already underway when price pops above it in an uptrend or below in a downtrend
There are 2 re-entries on the last long (not the long near close)
and then a nice volume spike to let you know it's probably tapped out
There are 2 re-entries on the last long (not the long near close)
and then a nice volume spike to let you know it's probably tapped out
Quote from billp:
The 3sma+2 is the simple moving average (3 days) displaced by 2? Thanks
Reason I asked is because my line doesn't seem to be the same as what is shown in the chart by robottrader.
It's the 3SMA shifted to the right by 2 bars; or in another word, the 3MA 4 minutes ago on the 2-minute chart.
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