Simple Profitable Method

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Quote from wee man:

I talk to myself alot and the answer is ...yes! :)

t28, would you stick to the 10 min rule on this trade or would you have let it run a bit longer?

cheers.
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There is no 10 min rule as such, I just have a greater level of confidence if it is supporting the trade and they are usually the big movers so I wouldn't expect the long to go gangbusters
 
Where's Electric? I am missing his presence on this forum today.
Here's my chart for what it is worth. I hope I have my settings for MACD right. I see 2 trades so far, one short ( not marked) and one long.
Good trading all.
 

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There have been a couple more than that, you only have Zero Line crosses on that chart... no MACD MA crosses... if the MACD crosses it's MA as it did about 16 mins ago and it is already above the Zero Line that is a trade


Also note the size of this move as the 10 min was approaching it's Zero Line
 
Quote from trader28:

There have been a couple more than that, you only have Zero Line crosses on that chart... no MACD MA crosses... if the MACD crosses it's MA as it did about 16 mins ago and it is already above the Zero Line that is a trade


Also note the size of this move as the 10 min was approaching it's Zero Line
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Thanks Trader28. Let me go and include MACD MAs.

Good trading all
 
Quote from sevenfirs:

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Thanks Trader28. Let me go and include MACD MAs.

Good trading all
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Ok but remember, only take MA crossover longs if above zero line, and short MA crosses if below Zero line

If you are below the Zero Line and you get a crossover to the upside wait for it to cross the Zero Line first, and vice versa for shorts

They are the only 2 type of trades, Zero Line crosses, and MACD MA crosses (Zero Line supported)


And remember the little things like avoiding trades during lunchtime chop etc to improve your strike rate
 
Quote from trader28:

Ok but remember, only take MA crossover longs if above zero line, and short MA crosses if below Zero line

If you are below the Zero Line and you get a crossover to the upside wait for it to cross the Zero Line first, and vice versa for shorts

They are the only 2 type of trades, Zero Line crosses, and MACD MA crosses (Zero Line supported)


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Here we go. I'm slightly confused now, I would like someone else to chip in and mark the chart where they see the trades please. Thanks
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