Simple Profitable Method
- Thread starter trader28
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T28L,
Happy New Year and let me add my thanks to you for your contributions here. I have noticed references to the 2 moving averages you're using on the 2 minute chart and need a little clarification. Are they 8 bar SMA+2 and 3 bar SMA+2? I saw a reference to triangular MA a few posts ago. (If it makes any difference I'm trading ER2 using basically this method.)
Happy New Year and let me add my thanks to you for your contributions here. I have noticed references to the 2 moving averages you're using on the 2 minute chart and need a little clarification. Are they 8 bar SMA+2 and 3 bar SMA+2? I saw a reference to triangular MA a few posts ago. (If it makes any difference I'm trading ER2 using basically this method.)
Charly,
I only trade the (YM) market. Someone told me
a long time ago that the $5.00 mini dow was the way to go
so that's what I've learned on. But I would think that these settings and set-ups would work for any timeframe and market.
snarlyjack
I only trade the (YM) market. Someone told me
a long time ago that the $5.00 mini dow was the way to go
so that's what I've learned on. But I would think that these settings and set-ups would work for any timeframe and market.
snarlyjack
Hawthtrader,
I like moving averages, on my charts the (blue lines) are short
term investers. (EMA 3,5,8,10,12,15), the long term (red lines),
investers (EMA 30,35,40,45,50,60).
I want to know what the short term investers are doing,
like Jack Hershey and Trader28 so I look to the Blue lines, the
shortest term investers are the EMA3 people. The 3 lines
that I watch the most are EMA3,5,8.
The long term investers like my grandpa doesn't really trade
but he has most of the money. For example mutual fund
managers. They don't make a lot of super short trades but
they have most of the "big" money = red lines. EMA30-60.
For our purposes prices seem to dance on the EMA8 and
SMA25. It's a combination of short term investers and long
term investers.
Plot these EMA/SMA on your program and watch it for awhile
and let us know what you think!!!
snarlyjack
I like moving averages, on my charts the (blue lines) are short
term investers. (EMA 3,5,8,10,12,15), the long term (red lines),
investers (EMA 30,35,40,45,50,60).
I want to know what the short term investers are doing,
like Jack Hershey and Trader28 so I look to the Blue lines, the
shortest term investers are the EMA3 people. The 3 lines
that I watch the most are EMA3,5,8.
The long term investers like my grandpa doesn't really trade
but he has most of the money. For example mutual fund
managers. They don't make a lot of super short trades but
they have most of the "big" money = red lines. EMA30-60.
For our purposes prices seem to dance on the EMA8 and
SMA25. It's a combination of short term investers and long
term investers.
Plot these EMA/SMA on your program and watch it for awhile
and let us know what you think!!!
snarlyjack
Look at how all the EMA's match up with the Macd 0 line.
The short term traders (blue lines) took the market down at about 9:00 Mountain Time. The long term investors (red lines)
followed the short term investors down. They both (blue and red)
took the market through the SMA25 and we were off to the races.
Mini Dow, approx. 12510 (9:00 A.M.)
Mini Dow, approx. 12440 (10:00 A.M.)
60 points x $5.00 a point = $300.00 potential, 1 contract.
Or the Macd broke the 0 line at 9:00 and started turning up
at about 10:00.
Trader28 taught us a sweet method if you can see it...
snarlyjack
The short term traders (blue lines) took the market down at about 9:00 Mountain Time. The long term investors (red lines)
followed the short term investors down. They both (blue and red)
took the market through the SMA25 and we were off to the races.
Mini Dow, approx. 12510 (9:00 A.M.)
Mini Dow, approx. 12440 (10:00 A.M.)
60 points x $5.00 a point = $300.00 potential, 1 contract.
Or the Macd broke the 0 line at 9:00 and started turning up
at about 10:00.
Trader28 taught us a sweet method if you can see it...
snarlyjack
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