Simple Profitable Method

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Quote from flux-U-8:

Look at the MACD @ 9:46. The fast line crosses the slow while under the zero line. At 9:48 it continues and on your chart you have the 3sma cross heading down under the 9day sma.

You have to jump in and take the signals when they come. Sometimes they only give you a half point so you cant wait.

Sometimes they turn and go the other way, thats where your money mgmt plan comes into play.

Sometimes they give you a nice run like today @ 9:48

Make money on the up-side, and make money on the down-side.

Cut your losses fast and let your winners run.
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Why are you using 9 sma? plus not EMA ?
 
Quote from jimclark:

Why are you using 9 sma? plus not EMA ?
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It's closer to a proprietary MA I use, if EMA gets you in earlier and more accurately then use it
 
Quote from beeflover:

Hi guys, I want to post a chart of the best pattern of the last couple years. It's the failed top breakout pattern. In this bull market everytime we get a perfect top with a good solid breakout the thing fails. Fading this breakout would have been very effective time and time again.

I just imagine the fat cats waiting for a pull back to buy. Like this morning their thinking of buying support and bingo they get a real bargain a couple points lower.

On the other hand at this moment, it looks like we have a perfect dead cat bounce. And I'm Beefie the Bear. Trading these dead cat bounce setups has not been effective.

Anyway check it out.
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Based on your chart, check out john person's doji stuff. use a near doji to break your current habit, then leave person behind asap.

As least this will get you out of the bind. going to profitability as the OP recently described his effort is not the thing to do.
 
Quote from Techdoodle:

Guess this thread has been killed.
Just when I was gettin' juiced up too.

I've being having a pretty good track record lately.

Thanks for this thread guys.
:) :) :) :)
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You are right, we need some drama: poof, Jack is back, smokin crack, givin T28 some flak, when's he gonna counter attack!!:p :p :p
 
Quote from kinggyppo:

You are right, we need some drama: poof, Jack is back, smokin crack, givin T28 some flak, when's he gonna counter attack!!:p :p :p
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I've already made love to the woman Jack mooches off behind his back... she is one damn fine sugar mommy 0:
 
Hey Trader28,

If I really knew how to trade I'd be up $10,000 today instead
of $750.00

As you can tell I am still learning but at least it's going in the
right direction.

At least were making money on the (short side of the YM)
instead of being in stocks in some mutual fund. Thank God
for small favors!!!

Thanks for showing us the secrets!!!

snarlyjack
 
So Jack, you saying Trader28s entries don't work? Just wanna to get this straight...:)


Quote from jack hershey:

Based on your chart, check out john person's doji stuff. use a near doji to break your current habit, then leave person behind asap.

As least this will get you out of the bind. going to profitability as the OP recently described his effort is not the thing to do.
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