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Simple Profitable Method
- Thread starter trader28
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Jack Hershey,
First of all I want to thank you for your time and help!!! It
is appreciated.
I also agree with "most" of your writings in other posts. It
is very nice of you to help us younger traders so we may
pass on the craft. I understand and appreciate that.
I did as you requested, see enclosed chart with your
improved indicator settings.
1). I use the "guppy system" because it does weed out
false signals and gives me a feeling for where I am at in the
market.
2). I appreciated your thoughts on the Stoch 5,2,3 as a
sentiment indicator was very interesting.
3). Do you take the signal's from the Stoch 5,2,3 or the
Stoch 14,1,3 as a final indicator.
4). Just thinking about my opinion. I am not sure that we
need the Macd at all. It's just a zero line indicator and I
can really get that from the (multiple moving averages).
5). I basically like your idea of being able to trade without
prices. In that the indicators are so accurate and leading
that a person could glance at prices but use the Stoch's
to full advantage.
*** Ok, Jack H. Thank you for your help. Please let me know
what you think of my ideas so far. (Please be gentle).
Once again thanks
snarlyjack
First of all I want to thank you for your time and help!!! It
is appreciated.
I also agree with "most" of your writings in other posts. It
is very nice of you to help us younger traders so we may
pass on the craft. I understand and appreciate that.
I did as you requested, see enclosed chart with your
improved indicator settings.
1). I use the "guppy system" because it does weed out
false signals and gives me a feeling for where I am at in the
market.
2). I appreciated your thoughts on the Stoch 5,2,3 as a
sentiment indicator was very interesting.
3). Do you take the signal's from the Stoch 5,2,3 or the
Stoch 14,1,3 as a final indicator.
4). Just thinking about my opinion. I am not sure that we
need the Macd at all. It's just a zero line indicator and I
can really get that from the (multiple moving averages).
5). I basically like your idea of being able to trade without
prices. In that the indicators are so accurate and leading
that a person could glance at prices but use the Stoch's
to full advantage.
*** Ok, Jack H. Thank you for your help. Please let me know
what you think of my ideas so far. (Please be gentle).
Once again thanks
snarlyjack
Attachments
Quote from Charly:
That's not a bad link.
Even better from my pov was this -
thanks Jack H:
>>the interval before a signal happens, there is a reason to keep a log to note THAT THE SIGNAL WILL BE ARRIVING SOON.<<
In addition an indication that filters out
sideway movements to a certain extent would be great as well.
No clue whether this exists.
Hopefully our friednly and helpful 'snarly' will present us that chart with Jack's ch. as a overlay.
Unfort. I can't do it - don't have their
software as mentioned before.
Charly
The idea is that a spec has been set for SPM trading That is what is on topic on the thread.
The signals given by OP are stated somewhere. And there are other descretionary things to do. The DOM was mentioned, I believe.
You can see that many many others have provided signal generating suggestions as well.
This thread isn't really about any simple profitable method, it is about the OP's SPM that is in the gaming context of the conventional orthodoxy.
The point I wanted to suggest was that you can set up an indicator, provide the signal for the indicator and do what I call making money. I do not do winning or entry/exit strategies. What I do is OT as far as the thread is concerned as presented by the OP.
For me to post a chart and the corresponding log would really be only just another illustration of how logs and charts go together.
I am not a confrontational person as suggested. I believe that almost everyone can make a great deal of money trading. That is usually considered insane by the aurgument that "if you keep taking cycles and get a given result, it is insane to take another cycle and experct a different result." In other words, I should not expect to make a suggestion and get any other result than the usual result that I get.
Posting the log of the illustrated indicator and signal rule is not going to make it have any believability.
Ok,
The heavy blue line (EMA1) = is current prices on the price bars.
The heavy purple line is my stop. (SMA1 +1shift).
The Blue and Red moving averages = short and long term inv's.
The Stoch 14-1-3 signal indicator.
The Stoch 5-2-3 indicator is a sentiment indicator.
The Macd 5-13-6 indicator, is a zero line cross.
That's it...That is what I have so far...
Ok, go for it...tell me your thoughts!!!
snarlyjack
The heavy blue line (EMA1) = is current prices on the price bars.
The heavy purple line is my stop. (SMA1 +1shift).
The Blue and Red moving averages = short and long term inv's.
The Stoch 14-1-3 signal indicator.
The Stoch 5-2-3 indicator is a sentiment indicator.
The Macd 5-13-6 indicator, is a zero line cross.
That's it...That is what I have so far...
Ok, go for it...tell me your thoughts!!!
snarlyjack
Snarly, I believe you want us to be frank!!
For what is being discussed here, ie a simple method, your chart has so much stuff on it that if I had to check all the indicaters, consider them and make a decision I think the market would be closing. Why don't you keep it simple, it works, it's easier and less stressful. T28's method is simple (and profitable- for me anyway) and I do believe what Jack is trying to explain to us is probably also simple and effective. Try their suggestions in their raw form like they use them and you'll probably make some money, otherwise you'll spend all your time trying to perfect a system and lose sight of the end game, ie to make a profit from your trading activity.
Good luck anyway.
For what is being discussed here, ie a simple method, your chart has so much stuff on it that if I had to check all the indicaters, consider them and make a decision I think the market would be closing. Why don't you keep it simple, it works, it's easier and less stressful. T28's method is simple (and profitable- for me anyway) and I do believe what Jack is trying to explain to us is probably also simple and effective. Try their suggestions in their raw form like they use them and you'll probably make some money, otherwise you'll spend all your time trying to perfect a system and lose sight of the end game, ie to make a profit from your trading activity.
Good luck anyway.
So it seems that not all MACD crossovers should be taken. There is a discretionary component and the question is which crossovers should work and which are suspect.
Why not look at an impending crossover from the context of price action. If you observe, prices like to move, pullback and move. They seek out previous reaction levels. Questions that might help you decide the best course of action might be, where does price want to go (i.e. last reaction high)? Is there sufficient money to be made? etc. Is this only the first leg of a run off of support....usually there are two, let's wait for the inevitable pullback and take the second leg.
Many times at this point, MACD will express itself by crossing up over the zero line, dipping back below it (that's your cue to get ready), then take it on the second time up.
Visa versa for the shorts.
Then again, maybe I'm all wet.
Why not look at an impending crossover from the context of price action. If you observe, prices like to move, pullback and move. They seek out previous reaction levels. Questions that might help you decide the best course of action might be, where does price want to go (i.e. last reaction high)? Is there sufficient money to be made? etc. Is this only the first leg of a run off of support....usually there are two, let's wait for the inevitable pullback and take the second leg.
Many times at this point, MACD will express itself by crossing up over the zero line, dipping back below it (that's your cue to get ready), then take it on the second time up.
Visa versa for the shorts.
Then again, maybe I'm all wet.
Quote from jack hershey:
The signals given by OP .....
This thread isn't really about any simple profitable method, it is about the OP's SPM that is in the gaming context of the conventional orthodoxy....
...What I do is OT as far as the thread is concerned as presented by the OP....
Forgive my ignorance. May I ask what OP and OT stand for? I have some guesses, but they don't make sense.
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