MACD and moving averages LAG. Learn to read a chart... support/resistance, higher/lower highs/lows, candle color and volume spikes. That's simple!! What else do you need?
Yeah yeah we've all heard the naked trading blurb, as old as the hills, nothing wrong with it but no better than any other edge out there. Most traders do all that even if they have MAC and MA's on their chart anyway. And there's two sides to your statement, yes they are lagging indicators but they also confirm, guage momentum, offer repeatable patterns etc... and that is the beauty of their accuracy... simplicity itself
well said ole boy. The whole purpose of the macd is to make sure the trend is well under way before climbing on. Different strokes fer different folks.... Whatever floats yer boat..... Six of one half dozen of another....... More than one way to skin a .........zzzzzzzzzzzzzzz.
??? If this is meant ironically, I apologize. If not: 150k at 50$ a point divided into 200 trading days is 15 ES points per day? Surely you jest?
Belly... skimmed through a few of them. Jack sounds like he has a method and knows how to read the market, but when I read that anybody claims 15 ES points per day AVERAGE..... no way I think. That is 7.5 Mil a year trading 50 contracts... right. I know some people who do 2-5 points per day, and I consider them not good but great. How many trades per day on average? This would mean that Jack easily does much more than Marty Schwartz does?
Apparently Jacks credibility is a long standing debate on this forum. After quite a bit of reading I have to say that I believe most of what he says but he is a hard read. However I cannot accept the multiples of the daily range either until I see some proof.
I think all the big traders went home for lunch and stayed there. Must be waiting for the Fed tomorrow.