Welcome to the trade teaching business! Sweet system (Yeah, I know I already said that, but while it appears to be simple, it actually factors in a lot of macro items ... I mean the time stop, wowza!). You probably don't want to have a daily directional bias, or let such things as Pivots, Support and Resistance get in the way of your making money, but I like to trade with checks n' balances. Also, you might find that the NQ can give you a good grove too, you'd just have to double the # of contracts (heh, it's a favorite of mine). Best, JJ
Ever heard of minding your own business. He doesnt have to answer any of my questions if he doesnt want to. Let him decide. What the hell difference does it make to you? This is his thread, not yours.
Great thread, cobber...thanks! Choppy start to the day. Do you use all session data or just the day session? Cheers.
Ok I am going back to the beginning and am going to re-read this thread. But this is what I got so far: Trade ER2 10m chart with 9d sma + MACD 12-26-9 2m Chart with 9d sma + MACD 12-26-9 Rules When 10 min chart indicates MACD under the zero line then you are only looking for shorts on the 2m chart. When entering use the cross of the fast wiggly line in the MACD pane on the 2m chart with regard to the zero line. Both the 10m and the 2m need to be under the zero line. Reverse all of this for longs. Stay in the trade for 10 min usually but you can get a "feel" for how volatile the day is after trading this a while. If you make 200 bucks with one contract before the 10 minutes TAKE IT! You can jump start your entries by experimenting with that 9sma in either chart. Be careful here, this is discretionary. Michael B. P.s. I prolly got some of this wrong...so I will go re-read.
Well I do not know about that.. I am trading Forex as I write while doing my moderating duties... Fellah's carry on...and excuse the intrusion. Thanks for this thread! Michael B.