SPM Boot Camp

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GF - what's the basis for the system? Reader's digest version is fine, don't have a ton of time to read through thousands of previous posts if possible.

Thanks!
 
Quote from Godsfinger:

2 min chart.. MACD zero line crosses.. it's as simple as that

That's why it's called SPM.. simple profitable method

5 minutes (which Jack uses) gets you in too late.. 1 minute is too flaky

It's what Jack wishes his original Stochastic Oscillator system could have been... profitable :p
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What settings for the MACD?
 
Quote from GermanTrader:

Thank you. I have a confirm signal set that works well with this, even during the current demonic volatility.
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Care to share your confirmation signal?
 
Quote from Godsfinger:

5th signal.. good for another $300 or so after the spike


Yeah still 100% for today but don't get excited, it's not the grail :p
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Depending on when you enter on a new cycle it's pretty damn close to it ... :) :cool:
 
Quote from Godsfinger:

Well I hope that has cleared up the difference between a Simple Profitable Method (SPM) and a Seriously Complex Turd (SCT) :p
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Simplicity is good, unless you're trying to flirt with a college co-ed... Me? Never!
 
Quote from Godsfinger:

Yeah still 100% for today but don't get excited, it's not the grail :p
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Here's how I did today.

I normally run at about 80% to 85% on "8 ticks +" of profit for whatever instruement I'm trading, but today has a lot of back-and-forth movmement in the indicies that I'm trading and the usual suspects (correlations) aren't happen'in for me right now.

So I'll take my 75% and be happy with it ... and I know this is still just the minor leagues, but if I keep trade'in em like this, I won't stay there for too much longer. :)

Nice thread. :D
 

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Quote from Godsfinger:

Cool.. everyone needs to work out confirmation and when to take profits for themselves, a lot of that will come down to the personality of the trader..

Don't trade through lunch though, Mac tends to run along the zero line in chop
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Thank you for your continued contributions to Elite Trader. :D

In the last two pages you have eclipsed over 1400 pages that are posted here.

Your technique teaches the trader to see price action as it moves in its natural cycles and waves. This is true for everything that trades, not just the ES like they do over there (specificity leads to extinction).

Their technique will teach them to draw lines.

Looks like we've had a banner weekend which has carried over to a very profitable Monday. :cool:

P.S. I wouldn't say this if I didn't mean it. Now it's up to the individual trader to put in the "ass in the seat time" and start to put the pieces of the puzzle together for themselves. Folks around here are only going to give away but so much when they are talking about profitable trading methods.
 
Simple and effective, kicks the crap out of the complicated... and foggy... but them again.... is it any surprise??

Jack must be red in the face somewhere.
 
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