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SPM discussions
- Thread starter Jahajee
- Start date
Quote from Godzilla:
I hope your seeing that back testing this method is pointless Jahajee
Back testing does not put you in the flow or the heat of the trade.. it does not teach you price action
Point taken. But, backtesting is useful in esatablishing the logic and parameters are tradeable and there is potential. Backtesting also allows one to filter out rank bad systems and concentrate on potentially profitable systems.
There are still several issues to be worked out in this system.
e.g I would not have takes the last entry - buy ES @ 927 - because the momentum indicator was oversold and flattening .. might have waited for a pullback. The setup was there with MACD and MACD avg cross above ZERO but I would have waited on a trigger to be activated e.g. momentum or stoch etc
We need to put in a trigger or two in this system
I am using Keltner bands as exit because they provide an indication of extreme short term range extension and are dynamic - depends on intraday ATR.
Quote from Jahajee:
Correction : TWO minute sell
I am going to keep tabs of TWO MInute ES trades only
here in ET
But will be following 1 m ES and 2m NQ and 5m ES trades in my
real time testing
nice work jah. Maybe make your own journal or thread so we can easily follow you. Burying it in the SCT boot camp thread probably not the best place.