Simple Profitable Method

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Quote from Trader28Lite:

Yeah you really need those timeframes to tell it's going down :)
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IMO yes, because IF hourly was lined up for a reversal, then probability of correct r:r going short would have been decreased substantially.
 
Quote from romik:

IMO yes, because IF hourly was lined up for a reversal, then probability of correct r:r going short would have been decreased substantially.
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Well you probably do, but if you can't read the market without them then you run the risk of never being a consistently profitable trader

Chop will find you out eventually and flush you if you don't develop those skills
 
Its tuff to sit tight after that last zero line cross to the down side. In stead of 4 points, I scalped a couple times for a little more than a point and a half. Looks like we might get a little bit more !

Great day for the T28 SPM !!!!! I need to get that re-entry method down with the 3sma+2.


Cheers!
 
Quote from Trader28Lite:

Well you probably do, but if you can't read the market without them then you run the risk of never being a consistently profitable trader
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in that case why use 2 min macd? just go with your gut feeling & expertise
 
Quote from romik:

in that case why use 2 min macd? just go with your gut feeling & expertise
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Because all I need is the trigger... I don't need to walk the distance to my target and measure it
 
Quote from flux-U-8:


Great day for the T28 SPM !!!!! I need to get that re-entry method down with the 3sma+2.


Cheers!
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Right there, couple of minutes ago, see the re-entry on the Russell, good for a quick scalp
 
Quote from flux-U-8:

So you wait for it to breach the 3sma+2, and when it goes back down below it, take the short?
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Yep, as soon as it opens, earlier in the trend is obviously better (at 89 and a half) but still could have snarfed a chunk there
 
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