Simple Profitable Method
- Thread starter trader28
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two question to trader28:
In what way you trade, when the MACD on 10 minute chart is above the zero line but the cross is negative? (loss of momentum)
It does not influence your long entries on 2 minute chart, (assuming that the MACD is above the zero line)?
The second question is simple:
Do you have other charts put on your screen, i.e. ES...or your attention is only focused on ER2?
Thanks
In what way you trade, when the MACD on 10 minute chart is above the zero line but the cross is negative? (loss of momentum)
It does not influence your long entries on 2 minute chart, (assuming that the MACD is above the zero line)?
The second question is simple:
Do you have other charts put on your screen, i.e. ES...or your attention is only focused on ER2?
Thanks
Trader28,
Today's market made a very important question to be born in my mind.
The question is: how do you identify choppy market when it's better to stay out? Today I got whipsawed around 9SMA like crazy several times and though overall profitable for the day, winrate is small and guess I'm in black only because I let the 3 or 4 profits to run up to it's 20 ticks target and cut losses really short (6-7 ticks average).
I tried to add ADX but it lags even worse than MACD itself.
Not entering after say 2 whipsaws in a row also looks bad for me cause that phucking third whipsaw often becomes a big winner (Murphy's laws work everywhere).
Today's market made a very important question to be born in my mind.
The question is: how do you identify choppy market when it's better to stay out? Today I got whipsawed around 9SMA like crazy several times and though overall profitable for the day, winrate is small and guess I'm in black only because I let the 3 or 4 profits to run up to it's 20 ticks target and cut losses really short (6-7 ticks average).
I tried to add ADX but it lags even worse than MACD itself.
Not entering after say 2 whipsaws in a row also looks bad for me cause that phucking third whipsaw often becomes a big winner (Murphy's laws work everywhere
).
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