Simple Profitable Method

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Quote from Mo06:

"After 10-20 real trades it will hit you that trading and reviewing patterns in hindsight are 2 different things. There is benefit in reviewing historical charts, but it is limited."

Romik, I posted the chart just in case anyone was interested. Obviously you are not. Fair enough.

I have made thousands of 'real' trades, but I also work on systems an potential systems.

Anyway, I'll desist with the charts from now on.

Bye.

Mo
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I am up for real-time charts, it is very interesting. We know what the pattern looks like from page 1 of this thread. Maybe next time you see the evolving buy/sell signal on 2 min MACD you can post straight away. No disrespect intended, I don't know of your trading experiences.
 
Quote from beeflover:


I can not find a ER2 on quote.com just the index itself. The Russell index showed the downtrend much more clearly than the Dow index itself and the YM chart definitely bounced around more than the Dow index chart.

Where's a good place to view a ER2 chart on-line?

Good trades to all.
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Hey beef, the symbol used for the ER2 on quote.com is AB Z6
 
TY Rukuz, I'd like to see YM break 12100 down we could see some action. I'm sitting short from 12141 with stop at 12139.

I'm trying to follow T28's method but I'm not quick enough on the in's and outs so far I'm negative papertrading his system.
 
I dont know why it is so hard to stay with a friggin winner. The signal was there, my entry was great but I bailed for 23 points even though the price never closed below the 3sma and still hasnt. It is so hard to reenter after it has move signiificantly and that is why it is so important to hang with the first one but I cant seem to do it. I just got an exit signal as we speak so I should have madea little over 40 pts. I need to get a platform that can exit on signals from an indicator and walk away I guess.
 
Quote from Bearbelly:

I dont know why it is so hard to stay with a friggin winner. The signal was there, my entry was great but I bailed for 23 points even though the price never closed below the 3sma and still hasnt. It is so hard to reenter after it has move signiificantly and that is why it is so important to hang with the first one but I cant seem to do it. I just got an exit signal as we speak so I should have madea little over 40 pts. I need to get a platform that can exit on signals from an indicator and walk away I guess.
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A platform like that would be nice. I just closed out an ER2 position for a nice .9 take. I'm testing out the 10min charts as this fits me a bit better (sometimes I have phone calls I have to take and they can last more than 2 minutes so I'm trying the 10min charts to see how it goes).

Edit: If I would have followed my signals I would be sitting on a 2+pt gain right now :(
 
"I dont know why it is so hard to stay with a friggin winner. The signal was there, my entry was great but I bailed for 23 points even though the price never closed below the 3sma and still hasnt. It is so hard to reenter after it has move signiificantly and that is why it is so important to hang with the first one but I cant seem to do it. I just got an exit signal as we speak so I should have madea little over 40 pts. I need to get a platform that can exit on signals from an indicator and walk away I guess."

Many traders like to take a portion of the profit off the table after a certain gain. Tricky bit is determining the right numbers of course.

Couple of decent signals on todays FTSE ftrs 2 min chart.
 
Hey BB,

I tweaked my system (just a tad) that really helped.

(1) Same basic set-up as Trader28!!! (same trade).
(2) Keltner channel (10). Better view of the whole thing!
(3) Close Price (like typical price or weighted price) only close price.
(4) EMA3 as my stop.
(5) ***Real stop*** is the closeprice / EMA3.

The cross over/under makes a perfect entry/exit.
Close Price crosses the EMA3.

It's perfect, screen it up and check it out!!!
It would have gotten you about 50 perfect points.

snarlyjack
 
Something I am working on also. To avoid the mental grief of missing a nice run, I am shooting to take 10 points on a trade until I make my weekly goal. Then I will allow them to run a bit.

Looking to go real money after New Year, or maybe sooner.
 
Regarding taking partial profits, I remember Mark Douglas talking about always trading in threes - take a third off after a specific target, say 8 points, the next third after 12 points, and let the final third run with a b/e stop. sometimes it will be stopped out, but now & then it capture the big move.

Probably more suitable to people trading the larger timeframes..
 
Quote from Mo06:

"

Many traders like to take a portion of the profit off the table after a certain gain. Tricky bit is determining the right numbers of course.
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Yes. As soon as I can afford to trade two contracts I plan to try this approach. I think that may work well for someone like me.
 
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