Simple Profitable Method

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beeflover:

on your set up, you mentioned:
"....Try this you'll like it. I am using just the 14,1,3 stoch and the 3sma + 2 and the two minute charts. The signal is both stoch lines thru zero line..."

I got confused, there is no zero lines on stochastic... did you mean: crossover/under 50?
Thank you!
:confused:
 
Quote from Trader28Lite:

Well I shudder to think of all the great trades (this mornings long for one) that higher time frames would have kept me out of... but I'm a Leo, grew up playing Aussie Rules Football and have a lot of repressed anger... so maybe I'm a little more aggressive than some
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That explains all the comments about pretty women and sexual inuendos. Time to get some, oh wait... you are too busy perfecting SPM or was it PMS, I forget. BTW. the P/L thread is still available to post, feel free to impress us with your results.:D :D :D :D

P.S. Btw. your trading science fiction so far is superb. May the force be with you and with SPM, you gonna need it brother.
 
Quote from saxon22:

That explains all the comments about pretty women and sexual inuendos. Time to get some, oh wait... you are too busy perfecting SPM or was it PMS, I forget. BTW. the P/L thread is still available to post, feel free to impress us with your results.:D :D :D :D

P.S. Btw. your trading science fiction so far is superb. May the force be with you and with SPM, you gonna need it brother.
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Oh hey Notrade, how are they hanging? Taken your first career trade yet? no?
Oh well, wear that McDonalds hat with pride and get me some fries while you're at it :)
 
T28

Don't know about anybody else, but I'm up for a recap over here. If I understand correctly, we started out this thread with a SMA9 and now we are using SMA3+2 . . . just want to be sure, is that right?

Also, you were originally exiting at 10 min or $200 - is that still the deal?
 
Still using the 9SMA+2 but added 3SMA+2 for re-entry in a roaring trend

2 points or 10 minutes is not set in stone because markets change and there are days you just know the market is giving you more or less

and most here are not even trading the same market as me, they like the YM, so that is something for the individual to fine tune
 
I have another suggestion that might be beneficial to pure scalpers and/or also help with better entries. It's analyses of order flow via a DOM.

2 min MACD crossing its signal line (near 0) & cummulative limit orders @ Ask substantially higher than @ Bid - go long. Obviously vice versa when shorting.
 
Quote from romik:

I have another suggestion that might be beneficial to pure scalpers and/or also help with better entries. It's analyses of order flow via a DOM.

2 min MACD crossing its signal line (near 0) & limit orders @ Ask substantially higher than @ Bid - go long. Obviously vice versa when shorting.
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I've been watching that for awhile now, and the move is indistinguishable from the signal, if anything you can lose a few ticks watching the bloody thing
 
Quote from Trader28Lite:

I've been watching that for awhile now, and the move is indistinguishable from the signal, if anything you can lose a few ticks watching the bloody thing
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Have you noticed price action whenever there is a ratio of almost 2:1 at the time of 2 min MACD X?
 
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