Spm

To all the doubters of this method, as previously posted by Trader28 or whatever his nick was at the time, if you get the keys to a Ferrari & you end up smashing it into a lamp post by being naive about your ability/knowledge of being a good driver, it would only be your own fault, just because you can not automate or backtest a pattern with a piece of software - does not mean it can not be traded manually & successfully :)
 

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This is time stamped chart for today, if you are using ET's Eastern Time time stamp then add +5 hours to match chart. After exiting position price pretty much plummeted towards the area of my entry.
 

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And here is a potential SPM set-up on a 5 minute time frame, obviously requires a wider stop. Will it work? When do I enter? Where do I exit? How do I trail? the list of questions goes on, if you don't have an answer to those questions, then learn first, then lose some money, then get to a breakeven stage & then you have a good chance of trading successfully implementing a SPM method & not just that one, there are many more.
 

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Quote from romik:

:)

P.S. It's a German index, not US.
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Yes - I know
I understodd you intended to use it as
a possible setup/start of the US market.
 
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