Simple Profitable Method

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Hey Jimmy Jam,

The thing about our little "SPM" and all our little "extras"
is, we can put them on our screens and watch them and go
hummm...

You have to admit that this is very interesting?

I am back to:

1). SMA3 +2
2). SMA9 +2
3). Macd 12-26-9
4). Stoch 5-2-3 (just watching it)

Were still friends...

snarlyjack
 
Quote from Trader28Lite:

I would never let the 10 min fake me out of a great trade like 13:54/56... KISS

The 2 min is a strange beast, what is most likely a retracement/pullback on the 10 min is usually a nice trade on the 2 min

Yes I certainly don't mind if the 10 min supports the trade but that may just mean I'll hang around for a little more, it wont determine if I take the trade or not
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Don't get me wrong, I am not arguing with you, I am glad you edited your post. For instance your 1.54pm Long, I am certain you also saw a higher low, which most likely added to your conviction of a ~2 point upside, would you have been risking 1.5 points on that trade? Just a question, don't shoot me for asking please. Now, the trend is still down & yet another MACD series of crosses to the downside & moving towards 0 line, I would happily risk 1.5 points on this one to get 4-5 points gain. That's all I was trying to bring across.
 
Quote from romik:

Don't get me wrong, I am not arguing with you, I am glad you edited your post. For instance your 1.54pm Long, I am certain you also saw a higher low, which most likely added to your conviction of a ~2 point upside, would you have been risking 1.5 points on that trade? Just a question, don't shoot me for asking please. Now, the trend is still down & yet another MACD series of crosses to the downside & moving towards 0 line, I would happily risk 1.5 points on this one to get 4-5 points gain. That's all I was trying to bring across.
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But now the 10 min is right on the zero line and threatening to cross it, so strictly speaking you would not be comfortable taking this lovely little short

You can get hung up on the forest and slam into a tree worrying about other time frames, the 2 min cross will more often than not give you a good trade regardless of other timeframes
 
Quote from Trader28Lite:



You can get hung up on the forest and slam into a tree worrying about other time frames, the 2 min cross will more often than not give you a good trade regardless of other timeframes
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There is more to this than meets my myopic eye... the little short shook me out (10 Mins no profit) and then became lovely.
 
Quote from Vienna:

There is more to this than meets my myopic eye... the little short shook me out (10 Mins no profit) and then became lovely.
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That's what the 3SMA+2 is for, it told you to get back in at 18 minutes past the hour
 
Quote from Bearbelly:

I only had a couple of shorts this morning albeit one was very nice but avoid most of the afternoon crosses unless we are making new hi/los
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I'm getting no love here BB, tell me you took the 3SMA+2 short at 18 past
 
Quote from Trader28Lite:

That's what the 3SMA+2 is for, it told you to get back in at 18 minutes past the hour
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You're right, of course... trading this the first day, getting used to the beast... still snaps at my hand :)
 
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