Simple Profitable Method

This is the tricky part of this method. Entering right at the cross would have been very risky in this situation, imo.

 

True.

I like using stops to enter trades, that way you are on board for strong moves.

Futures (well liquid ones) allow tight stops of course.

 

FTSE ftrs sell signal..

 

Where do you set your stop? This trade went immediately against you.

 

At the EMA or just above it.

 

Is the EMA the center line on your chart? If so did you get stopped out?

I assume you shorted at ~13:40 at ~6232 and the trade doesn't turn profitable until 14:06. Am I reading this right?

 

I didn't trade it as it occured after 1200 but it was possible to enter early on the break of the 9 bar EMA @ maybe 6235 (As described in the original strategy).

Of course, the best trade was the MACD cross higher up (but that's not what this thread is about...)

 

I think the market could be pretty unpredictable today.
I have a funny feeling that their are some pretty pissed off people. As in the elections didn't go their way!

As for myself, I'm gonna be partying all day long. It's about time we started straightening this mess out.

So party on!!!

snarlyjack

 

Yeah,

The YM is already looking very sloppy...

 

like a mexican jumping bean. two trades stopped out breakeven. Going to sit out for awhile.