Simple Profitable Method

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Now that was a great example of how to use the 10 min, the price blew up 1.5 - 2 points before you got the 2min Zero Line cross and normally you would hesitate to jump on because it may have shot it's load, but with the 10 min powering through it's Zero Line it's always a good bet there is a lot more to go

http://i3.tinypic.com/452kftk.jpg
 
OK, thanks! That's a very good R/R for 60% hitrate.

Will definately spend time to look deeper in your system and try to get a feel of it!

Janis
 
very nice thread u have going. nice work! i was curious if you have ever tried it on other markets like oil or stocks? seems to be a very simple system and those are the ones that work the best. thx, jim
 
Quote from jim c:

i was curious if you have ever tried it on other markets like oil or stocks? seems to be a very simple system and those are the ones that work the best. thx, jim
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Just the emini's, I'm in Australia so I have to stay up all night to trade, I have to keep it simple because my concerntration is for crap at 4am, so simple system, select few contracts
 
trader28,

When you get a sec, please post a chart of today's entries. I very much appreciate all the info and support you're providing here.

--opm8
 
Here is the entire day on a 2 minute chart, wherever you see the vertical white line, that is the beginning of a valid trade (short or long) a few didn't go 2 points so you would have had to make a decision after 10 minutes to either scratch out for a small profit or break even. None actually failed strictly speaking but I got caught out a few times trying to anticipate the Zero Line cross, sometimes that goes your way and some days you take a haircut, but nothing too drastic, not a bad day all round except the chop at open, thats been happening a lot lately so I've been sitting it out until the reports come out

http://i3.tinypic.com/4c97sz4.jpg
 
Quote from bulletraid:

hey,

do you suggest any other indicators to use as confirmation for what you see in the macd before making a trade?

thanks
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Only the 8 period simple moving average you see on the price chart (yellow line), price will pop above or below it before the MACD signal comes so it can get you in a little quicker (as long as the MACD is setting up)... and also let you know if a trade is going pear shaped after you are in

Dont make this complicated, more indicators means less consensus
 
Quote from Miragers:

So what are your average win loss trades in terms of $ ?
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Roughly speaking it's about $120 - $140 win and $70 - $80 loss

Strike rate 60%, should be a lot higher but human excecution is a bitch, one of the things I need to work on big time
 
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