Simple Profitable Method

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Catsmeow,

You got the idea...that's exactly how I am trading it...

I'm not sure if a person can "back test" this or not? Not that
it's a bad idea, but hard to do!

Trader28 is right in that you have to "learn" how to trade the system. That is why their are 303931 hits and 1704 replies to
this little post.

The basic system is good, now how do you trade it. It's like a
car. The basic car is good, now how do you drive it. It takes
a while to learn how to drive and everyone is different.

I am sure that Jack Hershey has a fine system also. But it is very
complicated and complex and could very well take a year to
learn it. This system is like a good old Chevy P/U. Once you
learn it, it will go any place.

That's my story and I am sticking to it...

snarlyjack
 
Quote from snarlyjack:


The basic system is good, now how do you trade it. It's like a
car. The basic car is good, now how do you drive it. It takes
a while to learn how to drive and everyone is different.

I am sure that Jack Hershey has a fine system also. But it is very
complicated and complex and could very well take a year to
learn it. This system is like a good old Chevy P/U. Once you
learn it, it will go any place.

That's my story and I am sticking to it...

snarlyjack [/B]
More...

That's so right - you've got to keep it simple. Also discipline is critical in any system - but hard to master.
 
Bearbelly,

It took a while and I had to add some indicators but yes I am
averaging my $100.00 a day. (one contract).

Jack Hershey is right about what he say's. And I've borrowed a couple of things from him.

(1). Stoch 14-1-3 is very good.
(2). Volume is correct. I like On Balance Volume, crossover.
(3). The channels are correct, but for me the "guppy system"
is easier. The blue lines are short term traders, the red lines
are long term traders. ie:
(all EMA's) (Short term, 3,5,8,10,12,15) (Long Term 30,35,
40,45,50,60) with SMA25 (yellow) I think is, Trader28, sma9
offset2. But it works.
(4) Trader28 Macd system plus my additions, fine tunes the
entry/exit
and makes it profitable for me. But you still have to learn
the nuances of the system.

snarlyjack
 
Quote from version77:

If you want to be a pro, you better look for something that the
pro's would use to trade.

Can you imagine a pro using this setup? What a joke...
More...

Nobody here believes you know anything about what a professional trader does version 77.

JJ
 
Ok, Yall,

The perfect trade.

See at approx. 11:30. Where the Macd broke the 0 line and
the On balance Volume Crossover turned up and the Stoch
turned up where it broke the SMA25 and the Guppy system
followed it up.

It was perfect!!!

snarlyjack
 

Attachments

Ok Yall,

See how everything is starting to turn down. And the price
bar is dancing on the SMA25. That is what Trader 28 is
talking about.

I would be out and just watching...

Very hard to back test this, but this is how you learn to trade.

snarlyjack
 

Attachments

Ok Yall,

At about 1:00 P.M. the Macd came down and bounced off the
0 line and created what we call a "Zero Line Reject".

The macd did not cross the zero line to go down further, it
bounced off of the zero line "zero line reject" and bounced up.

Welcome to one of the nuances of trading. If you were in a short
position you would have been toast. But I know you were
watching very closely and were positioning to go long to make the big bucks. By the way very hard to back test zero line rejects.

Good job...

snarlyjack
 
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