My MACD draws a zero line and a histogram...and the MA...You can see the position of the MA's where the histogram measures their spread...all of this placed over a zero line background.
No because I was talking about the 2min, not the 10min The 2min MACD crossed the Zero Line at 10:52 this morning, but because the 10min is below Zero and it has been choppy I scalped 9 ticks instead of going for 20 ticks (2 points)
ok thanks! this cleared up much...sorry for making you repeat yourself...i just don't have time until tonight to read this thread slowly and completely... I hope others have been helped with my stupidness! Michael B. P.S. it's prolly good i did not re-read...as I would have a whole list of stupid questions...embarrassing myself yet again...
I'm starting to spend more time in here than watching my charts, I think I'm going to leave this in your hands guys, it's all there, just dont try to make it complicated and you'll be fine, good trading fellas
Trade ER2 10m chart with 9d sma + MACD 12-26-9 2m Chart with 9d sma + MACD 12-26-9 Rules Do not trade the first 1/2 hr. You are trading off of the 2 min chart. Enter when the fast line of the "MACD MA" crosses the zero line...long or short accordingly. The 10 min chart is there to determine confirmation, cut your trade off with 1/2 targets if there is not a zero line confirmation with the 10m chart. Stay in the trade for 10 min usually but you can get a "feel" for how "volatile" or "choppy" the day is after trading this a while. If you make 200 bucks with one contract before a hold time of 10 minutes TAKE IT! You can jump start your entries by experimenting with that 9sma in either chart. Be careful here, this is discretionary.
Seems like a strong short setting up here with a 20 tick target... edit paper entry at 707.20 at 12:00(est)...target 705.20 stop...ummmm...10 minutes and .....????anybody? (I believe you need a stop together with the time stop in this sort of volatile "thing" )
electric, are you trading er2 front month? I use continuous contracts and we're currently in the 712/713 range.
ER2 u6? no? I use open e-cry free charts off of their feed...I do not see where I can adjust the front month to be continious..i gotta call them...