"Yes, I trade SB's with margin of 2 for both FTSE & Dax. ER is 0.3. It hurts sometimes." Not sure I understand margin of 2. You mean 2% ?
T28L, Happy New Year and let me add my thanks to you for your contributions here. I have noticed references to the 2 moving averages you're using on the 2 minute chart and need a little clarification. Are they 8 bar SMA+2 and 3 bar SMA+2? I saw a reference to triangular MA a few posts ago. (If it makes any difference I'm trading ER2 using basically this method.)
Mo, sorry for the confusion. Dax has been brilliant today, really easy with SPM. I'm still in a trade that I entered at 16.12.
Snarly I wonder whether your parameters do work on the ESmini and ERmini similarly well?? I don't have the data - that's why I'm asking. Thanks, Charly
Charly, I only trade the (YM) market. Someone told me a long time ago that the $5.00 mini dow was the way to go so that's what I've learned on. But I would think that these settings and set-ups would work for any timeframe and market. snarlyjack
Hawthtrader, I like moving averages, on my charts the (blue lines) are short term investers. (EMA 3,5,8,10,12,15), the long term (red lines), investers (EMA 30,35,40,45,50,60). I want to know what the short term investers are doing, like Jack Hershey and Trader28 so I look to the Blue lines, the shortest term investers are the EMA3 people. The 3 lines that I watch the most are EMA3,5,8. The long term investers like my grandpa doesn't really trade but he has most of the money. For example mutual fund managers. They don't make a lot of super short trades but they have most of the "big" money = red lines. EMA30-60. For our purposes prices seem to dance on the EMA8 and SMA25. It's a combination of short term investers and long term investers. Plot these EMA/SMA on your program and watch it for awhile and let us know what you think!!! snarlyjack
Look at how all the EMA's match up with the Macd 0 line. The short term traders (blue lines) took the market down at about 9:00 Mountain Time. The long term investors (red lines) followed the short term investors down. They both (blue and red) took the market through the SMA25 and we were off to the races. Mini Dow, approx. 12510 (9:00 A.M.) Mini Dow, approx. 12440 (10:00 A.M.) 60 points x $5.00 a point = $300.00 potential, 1 contract. Or the Macd broke the 0 line at 9:00 and started turning up at about 10:00. Trader28 taught us a sweet method if you can see it... snarlyjack
Here is a little scalp move. For this I am using a 10 minute chart with default MACD. Simple 5 period moving average offset -2. The MACD shows a clear reversal in trend. Patience!!