anyone ever tried this simple system ; 1) focus on stocks near or close to the price $10 2) buy them when they go above 11$ 3) stop loss is 10$ Why ? Institutions start to focus on them once they are above 10$ Simple entry system Exit system : I sell on real bad fundamental news
Pope used to be a Nazi... He is one scary guy if you ask me. I bet you won't put up any execution reports because you won't be able to. Good thing you don't run a room like Franz did... Oh, that's right. You are in Jack Broz'z room? Does he trade ER2 like you do? Why do you hang out in his room?
A man defending another man. Interesting... Don't you think he can do it himself? Or do you like him so much that... Well, you know...:eek:
What Trader28 identified in his original posts, almost 300 pages ago now, were simply a set of tools. Raw materials. If you give a chisel and hammer to two different people, one might produce a fine work of carpentry, the other might produce a splintered heap of wood. MS paint is a very basic program, yet in the hands of a competent artist they will produce something fantastic with it. Whereas someone incompetent will struggle to draw a round circle. Trading is not only a science, but an art. No different to any other art. Some have more natural talent for it than others, just as everything in life. To throw a few modest parameters together and then expect your automated system to take money out of the market on a consistent basis shows a complete lack of respect for those who have spent years learning this art. Experience sharpens the instincts. Ultimately Trader28 has given this information away freely, he's asked nothing of anyone in return. If you can't make this method work for you after genuinely trying, look elsewhere.
I'v been following this thread for some time now. It's been one of the most interesting threads I've seen on ET. Here is a chart from my trading platform showing some of the signals. It shows the actual trades as well. I traded the first one and then watched on the others since I met my goal. See if these are correct.
Hey Yall, I've been trading the SPM for months now. See my enclosed chart. Now, I've made some minor changes for myself on how to trade better. But they basic system is: (1). Macd set-up. (2). Guppy System (cause my program had it and I like it). (3). On balance volume (cause I think volume is important). (4). Stoch for fine tuning. In learning how to trade, I have found that if I use the MACD for the big picture/and zero crosses (where am I, analysis). Then use the Guppy System, Volume and Stoch to fine tune the entry/exit I make money. I am a fairly new trader and my goals (right now) is $100.00 a day or $2,000 a month with very limited risk. Get in, make your money and get the hell out. My exit is when the Stoch and Volume start turning against me I get out. Pretty simple. Hope all this helps you "doubting Thomas". snarlyjack
There looks like there was a SELL signal at 08:56 CT I think it would've worked if you got in early or rode out the retracement.