My comissions were $64.00Quote from jack hershey:
Not really.
We got to signals 1 through 5 on SPM. I just waited until I could use one of the charts to make the point after it became clear that SPM was only handing out entries and NOT providing exits.
A person asked what the signal was after two trades were announced. All he got was the entries and NOT the exits.
I know my annotations are too complicated on the SPM. They are just showing how MACD was designed to be used after its initial application that just used MACD scale values as signals (that is how the original application avoided chop).
It used to be a warm up drill to do reversal trading on indicators. Indiactors are just indirect measures of what is going.
The chop problem eliminator for MACD is to use its anti whipsaw characteristics.
As in any method of trading, the sequences of the indicator's various signals are how to train the mind.
For T28 this is a throw away because it is just one of his early crutches that lead to the type of print you saw from mandel. At 8 bucks a pop, how many contracts is mandel trading. His costs are 10% of his profits.
Run those two pink trades onto mandel's print and see what it looks like for that part of the day coming into midday.
My net profitabile trades were $711.00
My percent profitable was 75%.
All-in-all, a pretty average day for me.
But thanks for the confirmation that the SPM concept works Jack ... and when you get a chance, could you tell me how Neoxx, romanus, TUMS, nkhoi and spydertrader (but only real blotters) did today?
LOL

