Simple Profitable Method

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TrendPro,

God I love this site. Most of the people I know have no idea what
I am talking about! I thought I was in my own little world.

Anyway...

Wouldn't you want a method that could make money in any
market environment?

Say I needed to make $100.00 a day, every day, no matter what.
Couldn't we design a system that would do that? Up, down,
left, right?


Thanks

snarlyjack
 
Snarly you are looking for the grail... it doesn't exist... most methods wont work in chop and the few that do wont work any other time... save yourself now before we find you muttering in a corner.... "serenity now, serenity now"
 
Trader28,

After much thought, I am here and back!

I've spent months learning the SPM and a few minor tweaks
along the way, but I am back.

We just need to learn every nuance of the system.

Anyway, Thankyou for all your patience and being open minded,
in other words "good job mate".

SPM plus 8/EMA (in my case Guppy system with 8EMA).
Plus Macd and Stoch.

I think it's a great little system. You have to admit we have
torn it apart and put it back together again. Which in the
big picture of the world is great for the system and everyone
involved.

Thanks

snarlyjack
 

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Quote from Trader28Lite:

Snarly you are looking for the grail... it doesn't exist... most methods wont work in chop and the few that do wont work any other time... save yourself now before we find you muttering in a corner.... "serenity now, serenity now"
More...

lol. youre a funny guy t. Excellent point too.
 
Hope someone caught this, I know others did. This is a nice reversal in the emini contract. I also put in a chart of the keltner channels with the average true range set to 1 deviation. This can be used to scalp on the lower time frames. The MACD gets you in a little late but still not a bad trade.
 

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For those who don't like buying the highs after a MACD cross, check out how Fib retracements can be used.

Note the 10min chart MACD is heading towards the zero line and there's good angle and separation between the MACD and the trigger line.

At 12.32PM on the 2min chart we have the cross. Then look for price to retrace (usually 2 lower closes). Then take the first swing low (or equal low) after the MACD cross and draw the Fib Retracement from that swing low to the new swing high .

Put a buy limit at the 50% or 61.8% level with a target at the -27% and the -68%.

Stop loss is placed 1 tick below the swing low.

Check out the charts and give some feed back.

Cheers.
 

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