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Simple Profitable Method
- Thread starter trader28
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Trad 28
I wonder how much your system has altered from the very first post you made last year?
From my own following of the thread the basic prinicples appear to be the same but there has been an element of evolution along the way. I wonder, therefore, whether you could, for the benefit of members, summarise the principal rules of the system as they have now evolved? That would be most helpful.
Many thanks.
Sean
I wonder how much your system has altered from the very first post you made last year?
From my own following of the thread the basic prinicples appear to be the same but there has been an element of evolution along the way. I wonder, therefore, whether you could, for the benefit of members, summarise the principal rules of the system as they have now evolved? That would be most helpful.
Many thanks.
Sean
Hey Trader28,
Just a couple of questions? But, I need your opinion!
What are you using as your stop? Is it the SMA3 +2 or do you
also use a different one? For example SMA2 + 1?
Also, I am thinking of switching to the (ER) S & P, 10.00 a point
from the (YM) Mini Dow, $5.00 a point. The Mini Dow jumps
around so much it's hard to get any kind of trend. So I was
thinking that the (ER) would trend better? The (YM) is just hard to trade because it's all over the place. I am looking for a market that trades better, that's not all over the place with no rime or reason?
What are your thoughts on the stop and the market?
Thanks
snarlyjack
Just a couple of questions? But, I need your opinion!
What are you using as your stop? Is it the SMA3 +2 or do you
also use a different one? For example SMA2 + 1?
Also, I am thinking of switching to the (ER) S & P, 10.00 a point
from the (YM) Mini Dow, $5.00 a point. The Mini Dow jumps
around so much it's hard to get any kind of trend. So I was
thinking that the (ER) would trend better? The (YM) is just hard to trade because it's all over the place. I am looking for a market that trades better, that's not all over the place with no rime or reason?
What are your thoughts on the stop and the market?
Thanks
snarlyjack
Snarly,
You might try experimenting with different (slightly longer) timeframes to help smooth things out so you can see trends better - no matter what market you're trading.
Happy trading
You might try experimenting with different (slightly longer) timeframes to help smooth things out so you can see trends better - no matter what market you're trading.
Happy trading
Sean and Hawk,
For the most part I am profitable except for yesterday when I
lost $100.00 (pissed me off).
When I lose money, I try to reevaluate in my mind what happened and why. Yesterday it seemed the market (YM) had
no follow through. I'd put on a trade and 15 to 20 seconds
later it would turn against me, causing a bunch of small
losses. So I had about 5 $20.00 losers. And in my mind that isn't good.
I am here to make money, not lose money. So with that in mind.
I am switching from the 2 minute time frame on the YM to
3 minute time frame on the YM to see how that works out.
The 2 minute YM market is a wild child. I've never been able to put on a trade and wait 10 minutes or $200.00 which ever comes
first (to hit my targets). So maybe it's the YM market?
Any ideas would be appreciated!!!
snarlyjack
For the most part I am profitable except for yesterday when I
lost $100.00 (pissed me off).
When I lose money, I try to reevaluate in my mind what happened and why. Yesterday it seemed the market (YM) had
no follow through. I'd put on a trade and 15 to 20 seconds
later it would turn against me, causing a bunch of small
losses. So I had about 5 $20.00 losers. And in my mind that isn't good.
I am here to make money, not lose money. So with that in mind.
I am switching from the 2 minute time frame on the YM to
3 minute time frame on the YM to see how that works out.
The 2 minute YM market is a wild child. I've never been able to put on a trade and wait 10 minutes or $200.00 which ever comes
first (to hit my targets). So maybe it's the YM market?
Any ideas would be appreciated!!!
snarlyjack
I recommend trying volume charts. They seem to be smoother. With the YM and ER2, the 1024 volume chart is good. For ES and NQ, 4096.
-Gordon
-Gordon
If you guys need help visualizing whats going on you can always plot EMA's on top of the price that correspond to your MACD settings just to see a clear picture of what is really going on. That way you are looking at the price action and the MACD at the same time instead of just focusing on the MACD signals. This could cancel out the OP's original use of different MA's but its useful when you are first learning things.
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