Simple Profitable Method

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The market moved from 808 all the way back to the 814 top. The 2 and 10 min macd are showing weak signals. Look at that "spikey" bar when the market hit 814.

What do you guys think?

I've had a great couple days. I was thinking over the weekend, when I was a kid I always wanted to hit home runs. I'd strike out 5 times in a row but then I'd get a homer or a triple.

Coulda done a lot better just meetin the ball and hittin singles which is what I'm trying to do now in the market. I'm taking .8 and 1.2 pts at a time to the bank. The 3 poiinters are a bonus.
 

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Quote from Trader28Lite:

This is all I said about the 10 min in my very first post

"If the 10 minute MACD is below it's Zero Line (as it has been all day) then so much the better for the shorts on the 2 minute"

It's not a deal breaker when taking a trade, it's more about shooting for more if supported or less if not
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Agreed - just saying it wasn't the ultimate SPM set up.

Ain't hindsite great though? Not sure that anyone but God or T28 could have called a $500 run up when the price hit 808.5 at 12:02. Not saying we should have stayed out though. The up signal was clear but it looked like the run could easily have been brief based on the lack of 10 min MACD support and the preceeding chop.

Does anyone use any other indicators with the SPM or did anyone note any fundamentals that hinted at the run up that resulted?
 
Quote from T280:

I've updated my nickname to more fully embrace the "simple" philosophy

And I'm not god... I'm his cabana boy
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I suspect there is more behind it than just your desire to "fully embrace the SPM philosophy"? :D :D :D :D
 
jimns, we had a big move up last week. the markets consolidating, all the macd crossovers the last few days have led to good swings. The market pulled back to the last previous high and was oversold on the 10-15 min charts.

we got an macd crossover, a price break thru resistance then a strong macd move thru the zero line. when the market reversed back past the previous days closing range 814 was the next target.

notice the higher low(a perfect dead cat bounce) which predicated the move from 808 also take a look at the divergence on the macd.

see the arrows for the T280 signals supported by the zero line

These bulls are buying every pullback again.

start your engine's

hey nobody laughed at my joke yesterday,
 

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Quote from saxon22:

I suspect there is more behind it than just your desire to "fully embrace the SPM philosophy"? :D :D :D :D
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Yes it's a cunning plan for world domination Saxon
 
Quote from beeflover:



hey nobody laughed at my joke yesterday,
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I did laugh but then had to reformat after making the mistake of giving Internet Explorer 7 one more chance and still getting the lag on the start button... useless prick Gates
 
Quote from T280:

Yes it's a cunning plan for world domination Saxon
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Go for it! I am certain that with the brainiacs from Alice Springs you could conquer the world! Those Nobel prize winners from ULURU have been under appreciated and it is their time now. :D :D :D
 
Quote from saxon22:

Go for it! I am certain that with the brainiacks from Alice Springs you could conquer the world! Those Nobel prize winners from ULURU have been under appreciated and it is their time now. :D :D :D
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Oh dear, you couldn't even spell brainiac... and I'm sure if you were smarter the irony wouldn't be lost on you :)
 
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