Simple Profitable Method

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Quote from rickty:

trader28,
Is there any reason you chose to trade ER2 and not the SPI with this method?

Richard
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when the er trends, it trends hard, and has twice the bang for the same margin.

the es isn't quite so fun, it's not as bad as folks make it out to be, but it's not optimal for trading a trending system, and all moving average systems require some type of trend, that's why i mention the nq

best,

jj
 
Quote from Bearbelly:

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.
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I just find people who cannot think for themselves or do any work for themselves annoying.
 
ok folks ...get ready for the long...watch your 9sma's...

OR...

another wiggly line cross on the 2m for another short...


wait...if you take a second short is that weaker?...should we wait for the long?
 
Quote from ElectricSavant:



another wiggly line cross
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You mentioned this "wiggly line" on the MACD for the second time.

What exactly on the chart are you refering to?
 
The only place there are two lines that wiggle and cross...:)


Quote from c.chugani:

You mentioned this "wiggly line" on the MACD for the second time.

What exactly on the chart are you refering to?
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Quote from maggandre:

I just find people who cannot think for themselves or do any work for themselves annoying.
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You dont know anything about me bud outside of a few posts here. I doubt anybody works harder at it than me. I do ask a lot of questions. So what. I find people who take upon themselves to pass judgment on others annoying.
 
I will tell you one thing..this ER2 is a mover...I gotta stretch out the DOM from top to bottom of my 19" LCD...

each one of these ticks is 10 bucks per contract late edit, if I remember correctly...right?

Beware new traders...this one can extract money form you wallets...this is a volatile one...10 minutes of this can ruin your day...... trade at your own risk
 
Electric, 1 tick = $10. ER2 is a great instrument to trade when it's moving but you need a way to filter out the chop, such as ADX. This morning is a perfect example. I've been in a no trade zone since 8:45. I use a 12 unit ADX and stay out when it's below 17.


I might add that I trade ER2 using volume not minute charts. I use a 7200V and 1800V for long term trend and 450V for timing entries. trader28's technique works pretty well on volume charts as well.
 
Days like this you have to target 1 point, I just grabbed 9 ticks on the long but didn't get any of the short this morning because it looked like someone had thrown up on my chart... I'm contemplating going to bed and catching up on my beauty sleep
 
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