Simple Profitable Method

[trader28]

To a certain extent every trader has to find his comfort zone, this method is a simple starting point for that process

 

[ElectricSavant]

So you are saying that this suggestion in my above post is not a higher probability model and there is much more to take out of this market?

or is it that you just do not know...

Quote from trader28:

To a certain extent every trader has to find his comnfort zone, this method is a simple starting point for that process

 

[jcrecruit]

Here's a sell that didn't work out, but only lost .80.

So today I'm 1 for 2 and up $120-$11cm per contract.

I thought I better post the loser's, too, so we don't think it's 100% LOL

Attachment: t work.gif
This has been downloaded 113 time(s).

Donkee in reality you should not taken that trade as a short. I don't see it so..first because price action , hh, hl suggests an uptrend ...draw in your trend lines and u will see what I mean. Also there was a breach of ma, suggesting a pullback on an already uptrending macd.
regards

 

[trader28]

Quote from ElectricSavant:

So you are saying that this suggestion in my above post is not a higher probability model and there is much more to take out of this market?

or is it that you just do not know...

I cant tell you what works for you, everyone is an individual, the method is just a starting point, trade management, risk management, psychology, discipline... these are all more important than any system and your responsibility and nobody elses

 

[ElectricSavant]

ok...This is not my question...but the testing will continue at my end. Thank you for your response.

Michael B.

Quote from trader28:

I cant tell you what works for you, everyone is an individual, the method is just a starting point, trade management, risk management, psychology, discipline... these are all more important than any system and your responsibility and nobody elses

 

[CharlesTrader]

Looked at the Kwik Pop web page, and their chart examples for Tradestation. They appear to use the following:

1. 24 hour chart
2. 150 Tick chart

The attached chart is an attempt to simulate what I see on the Kwik Pop examples.

1. 24 hour chart
2. 150 Tick chart
3. 3 Period SMA Displaced forward 2 bars
4. 3 Period SMA Displaced backward 2 bars
5. MACD showing histogram of MACD/MACD Avg Difference
6. Long Term MACD is 5 times the Short term MACD

Kwik Pop claims to look at 18 conditions, I'm only looking at 4.

For short trade, Forward Displaced SMA must be above Backward Displace SMA , Price must be below Forward Displaced SMA, both Long Term and Short Term Momentum must be negative.

I like this.

Maybe one day I can dream up 18 conditions to analyze, but for now 4 will do.

Charles

 

[trader28]

Wayne does love his indicators, but you will find the better traders in the room have simplified Kwikpop and only use a few key indicators

 

[5Pillars]

T28 -

http://www.elitetrader.com/vb/showthread.php?threadid=77324


.....any input would be great..........thanks.

 

[trader28]

Quote from 5Pillars:

T28 -

http://www.elitetrader.com/vb/showthread.php?threadid=77324


.....any input would be great..........thanks.

I really like the Kwikpop indicators and especially their expert advisor (TSKP2min) which is very good at identifying momentum, you will also get plenty of support in their room unlike some others, but in the end it is a personal choice for each trader as to what suits.

 

[5Pillars]

One last question......do any of the KP indicators have a volume component tied in?

thanks