Simple Profitable Method

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Quote from Vienna:

Why is the entry at 13:06 the "optimal time"?

What about 10:02, 10:12 or 10:32? How would you have known in real time that they were less optimal? In all 4 cases, the 10 Min MACD was positive as well....and what about the crosses around and after 13:52?
Or are you now counting only the 50% line crosses?
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Jimmy Jam,
Would be interested to hear your answer to the post above.

Via:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=76297&perpage=6&pagenumber=341

Cheers,
es175
 
****Trader28****

YOU WIN!!!!

I just wanted to let you know after "fooling" with different
settings for 6 months, I am back to the "original" Colonel
Sanders recipe. Or better know as (SPM) Simple Profitable Method.

Macd 12-26-9 with SMA3 + 2. (How is that for simple)?
YM, 2 minute chart.

Now... it's gotta come down to trading ability!

After 6 months of fooling around with (SPM) I cannot find a better
indicator or settings!!! Their is no "holy Grail" that I know of.

So...now it's pure trading ability and being able to read a
chart and having a feel for the market.

snarlyjack
 
The next real question is???

Now that we have spent 6 months fooling around with the settings and have come back to the original settings...

How do we learn all the nuances of the market?

Is it just spending time in the market and watching every little move that it makes???

snarlyjack
 
Nothing would beat real trading time Snarly i don't reckon...you just gotta put in the hours with the system to get the feel for it.

Cheers,
Shewey.
 
Snarly - the prodigal son has returned ! Glad to see you have returned to your senses. Welcome home son :p

beeflover - the fundamental SCT gaussian for an uptrend day: buy the open and hold. This way your always in the market, and on the right side as well !

Jack Hershey has mentioned being on the right side of the market at all times. Today a short trade would not have been on the right side of the market. I wanna know how to be always on the right side of the market!
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Shewey,

I trade the (YM, 2 minute chart).

SPM is not a perfect mechanical system! It has basic guidelines and their is lot's of discretion involved in it.

I've found that after studying it for 6 months that you also have to be "street smart" about trading.

Using SPM plus street smarts will get you there!!!

snarlyjack
 
Quote from snarlyjack:

The next real question is???

Now that we have spent 6 months fooling around with the settings and have come back to the original settings...

How do we learn all the nuances of the market?

Is it just spending time in the market and watching every little move that it makes???

snarlyjack
More...

a couple of helpful suggestions...

Trust the method. All this jumping around with new indicators and settings is the manifestation of your lack of trust in the SPM. You can do this in a day or a lifetime, the choice is yours.

Accept the SPM will win some and lose some, it will have good days and bad days. This is true of any system you try. If you stick with it, stay true to the method, it will reward you over time. This requires patience and a realistic expectation of how the method will perform over a long period of time.
 
TrendPro,

Good advice

1 day would be excellent... Trust is hard but ya gotta have it!!!

I guess the bottom line is: If you don't have trust you don't have much!

Thanks

snarlyjack
 
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