Simple Profitable Method

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The simple, profitable Xmas present

It may be 100 years old and the author has been dead for 90 years but the great secret of life and wealth has never been explained any better than this and there have been a few revisions to bring it up to speed for the new millenium

The Science of Getting Rich by Wallace Wattles

Free audio and text available here:

http://websyte.com/unity/rich.htm
 
All I have to say is ouch for the er's today. Im farily new to this meathod but have been an equity trader for some thought today would be a good day to try this out with 1/2point tragets. i guess not
 
Quote from Bonpara:

All I have to say is ouch for the er's today. Im farily new to this meathod but have been an equity trader for some thought today would be a good day to try this out with 1/2point tragets. i guess not
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Volume will be abornally low until after the 1st of the year. I would not trade anything .
 
Ya looking at the ES (which i look at for my stock trades) and the ER2 there was a clear signal in the morning right off the bell but my issue with it was that there was no divergence of the MA and the MACD.
And im a little to shitless to try the futures in the morning. :D

And id really like to thank you all especially T28 and BearBelly. i have read the post over the past week or so from post 1 and have been tradeing the ER2 a bit here and there trying to ween myself off stocks before the fee hike next week and i truely believe that with this meathod and a whole lot of experence and the human touch this can make an ass load of money.

Thanks agian
 
T28 - Thanks for creating this forum. Started reading it one evening and couldn't pull myself away - it was 8AM before I knew it. I feel that I've gained years of experience from just digesting all of it - (but Mr. Market will probably set that straight).

Anyway, I have this question -

Do you pay any attention to the price plot on the 10 minute window? I mean, does it have any value in your decision process? I get it about the 10 minute MACD - just not sure if you use the price plot itself for anything.

Jim
 
That's great. Thanks for the quick feedback.

I combined the 2 and the 10 min MACD's into a single sub-graph - the 2 min stuff is solid and the 10 min stuff is dotted - so now I can watch the 2 min prices with the 2 and 10 MACD's below all on a single screen. It makes the 10 min MACD lag more obvious and gives the same info. But I didn't want to clutter up the 2 min prices with the 10 min prices unless there was some valid reason to do so.

Based on your feedback, I'll keep the 10 min prices on a separate screen. That is, until I make enough dough to fill up my desk with monitors. :)

Someone commented that they were staying out right now due to low volume - volume hasn't looked particularly low to me. Maybe I'm missing something but I noted what looked like some significant ER2 trade opportunities yesterday and today.

Jim
 
Agreed the chop has been a bit nuts this week (which is shitty for me trying this out) but other traders in my office tell me that friday should be good stuff. (year end buying and selling) so mabye ill have a good day to try it out now. I have read everything and understood the whole post but i think the art of this system is entries and exits. Thats where im getting my ass kicked
 
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