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-   -   Simple Profitable Method (http://www.elitetrader.com/vb/showthread.php?t=76297)

trader28 Sep 6th, 2006 04:44 PM

Simple Profitable Method
 
2 min MACD on any of the emini contracts, watch for it to cross it's Moving Average Line with a Zero Line Cross, exceptionally high percentage trade, you can feel everyone jumping on.
Thing is just about every trader I know either only uses the MA cross, or the Zero Line cross... one is trend, the other is momentum... I cant believe how many good traders dont see that almost all the trades that really move have the combination of the two. They'll go long on a MA cross to the upside when it is well below the Zero Line and wonder why it fails and has no momentum

There has been 3 nice shorts in the last hour on the ER2 using that methodology, just nice little $200 scalps

Note: You can use a 9 period Simple Moving Average on the price chart to get you in a little earlier when you see it setting up

If the 10 minute MACD is below it's Zero Line (as it has been all day) then so much the better for the shorts on the 2 minute

yoohoo Sep 6th, 2006 04:53 PM

glad you posted this as a seperate thread - was going to suggest you did. wtg 28

yoohoo Sep 6th, 2006 04:53 PM

would be good to post a chart

trader28 Sep 6th, 2006 04:55 PM

Quote:

Quote from yoohoo:

would be good to post a chart
Would be good if I was techy enough to do that, any suggestions? I'm using MetaStock Pro 9.0

Razor Sep 6th, 2006 05:00 PM

macd settings would help as well

hit print screen with chart up on screen, go to ms paint, hit paste, then save as .jpeg

then go to www.tinypic.com and upload your pic there from where you save it, then it should give you an url, paste that url here on ET and bingo ! :D

Ms Magic Sep 6th, 2006 05:01 PM

Simple profitable method
 
Trader 28 - please advise what settings you use on the MACD


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