SPM discussions

SPM is also applicable to NQ

See attached NQ 5m chart

$835 profit per 1-lot position (in NQ, not ES).

Note the swing highs and low lines - dashed lines green and red; can easily visualize HH and LL

Blue line is 20 MA - pullbacks usually go as far as this and then resume dominant trend; the middle Keltner also can be resistance for pullbacks (grey dashed line).
 

Attachments

Quote from Jahajee:

SPM is also applicable to NQ

See attached NQ 5m chart

$835 profit per 1-lot position (in NQ, not ES).

Note the swing highs and low lines - dashed lines green and red; can easily visualize HH and LL

Blue line is 20 MA - pullbacks usually go as far as this and then resume dominant trend; the middle Keltner also can be resistance for pullbacks (grey dashed line).
More...


2m NQ chart
very good trades, over $1100 per 1-lot NQ

Of course not everyday you have this big range and two strong trends

for 2m NQ I use the 50 MA line to contain pullbacks away from the primary trend. Not how the 50MA deep blueline and the middle Keltner line - dashed gray line - limit the pullbacks. Today was a great day trading; don't expect the trading to be so clearly defined every day.

The swing Highs and lows are indicated by red and green lines. Can see the HHs and LLs.
 

Attachments

Quote from Jahajee:

2m NQ chart
very good trades, over $1100 per 1-lot NQ

Of course not everyday you have this big range and two strong trends

for 2m NQ I use the 50 MA line to contain pullbacks away from the primary trend. Not how the 50MA deep blueline and the middle Keltner line - dashed gray line - limit the pullbacks. Today was a great day trading; don't expect the trading to be so clearly defined every day.

The swing Highs and lows are indicated by red and green lines. Can see the HHs and LLs.
More...

ES 5m

$1152 per 1-lot position
 

Attachments

And, finally, the best of SPM today

ES 2m chart

$2025 profit per ONE LOT-POSITION

I like that deep blue 50MA line -- and the middle grey Keltner line, dashed - help to indentify the pullbacks.
 

Attachments

NQ 2m chart

$810 per 1-lot position (NQ $20 point value, not ES!)

Having looked at NQ 2m and 5m for the past week... you could try NQ 2m

See that 50 MA deep blue line and the MIDDLE dashed KELTNER grey line? they contain the pullbacks and allow you to indentify pulback and genuine reversal

You can also use the 5/34 chaos oscillator and RSI - both is second panel to fine-tune and filter entries and exits
 

Attachments

Here we go again, Tums is deleting anything that doesn't reflect favorably on Hershey and/or his disciples.

You don't do the same when Jack invades someone else's thread. You're a censor and a hypocrite, and a mod in name only.
Quote from Trader666:

Latest performance of the system called Spyder that trades the Jack Hershey method:
http://www.collective2.com/cgi-perl...863&session=625519413463347248828537132385143



<TABLE BORDER=5 BORDERCOLOR=RED CELLPADDING=5 >
<TR> <TD> Moderator's Comment:
This post does not pertain to SPM; it is OT and will be deleted.
If you feel the need to further this discussion,
please start a new thread.</td></table>
More...
 
<TABLE BORDER=5 BORDERCOLOR=RED CELLPADDING=5 >
<TR> <TD> Trader666's Comment:
CAUTION: Tums is a biased Hershey sycophant and a mod in name only. Don't expect impartiality or neutral moderation from him.</td></table>





Moderatio's comment:
T666:
You are spreading fear and smear.
You are sabotaging this thread.

This thread will be cleaned up on Monday morning.

Regards
TUMS
 
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