Simple Profitable Method

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Quote from EqtTrdr:

what are the stops/targets of the system????


They don't seem to be posted anywhere for the thread title.:confused:
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Read the thread, its all there.
 
Quote from EqtTrdr:

what are the stops/targets of the system????


They don't seem to be posted anywhere for the thread title.:confused:
More...

I got accused of being lazy for asking the same questions. As I understand it, if it comes back to the SMA it stops you out but that doesnt give you very much room.
 
Quote from Bearbelly:

I got accused of being lazy for asking the same questions. As I understand it, if it comes back to the SMA it stops you out but that doesnt give you very much room.
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Exactly..

but what are the rules at the SMA... exit on close or inter/intrabar???
 
Z6..Thanks it rolled over yesterday...I am learning these new charts and had to call my broker...all fixed now ....I am sorry.

I will try and call the next trade now that I am on the same page...duh!

Thank gawd, my Forex is slow on the other computer....

Quote from mtwokay:

Z6
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The stop is 10 minutes...You will need to use some experience to set earlier stops...AND YOU NEED THEM..THE RUSSELL IS NOT FOR NEW TRADERS...you can get eaten alive
 
For those of you in a short from 12:00(est)...If you do not have 200 bucks yet ...you will notice the 12:00 (est) short exited at the 10 minute time stop, but later a nice confirm for the short shows up at 12:20 (est) in the 10M chart... which was 10 minutes after the time stop executed..this is still a good short and wait for another 2m short cross...


I think our thread author has a little more experience than he writes...and i bet he is still in the short...for more than 200 bucks!!! (he said he traded this for two years...he must know this very good)

Again thanks for sharing...but not for new traders...

I will watch this for some weeks or months, its according to how it "feels"...but I do not dare start a journal with paper trades..I am watching the charts on my live platform and the live server (yes I still have a futures account even though I trade Forex)

Michael B.
 
Approaching a 1/2 target long at 12:44 (est)

edit
Long Entry triggered of the 2m zero line cross at 12:46 (est)

Entry Long @ 713.30
Target @ 714.30
Stop = 10 minutes

Again we trade at 1/2 target... as there is no confirm on the 10m...(it is below zero line)
 
Time stop took this out 10 minutes later....out at 713.50

20 bucks minus commish

do not discount that time stop.....its a good method. But now I see there was more to be had...But follow the RULES!!!
 
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