It's still going up as we speak... forget the 10 min, I wish I'd never mentioned it, was never a part of the SPM, I just happened to say if it supported a 2 min signal then so much the better... but the 2 min is still KING
WTH is this triangular thingamajiggie? I am still using 3+sma and have grown very fond of it. I wish YM moved a bit better. I only had a couple of shorts this morning albeit one was very nice but avoid most of the afternoon crosses unless we are making new hi/los
2 minute MACD 10 period Triangular/S MA +2 3 period Triangular/S MA +2 (re-entry) Thats it, no stoch's, no 10 min charts, no god damned Hershey bars I'm bringing sexy... err simple back
You get a slightly (and I mean slightly) better shape with the Triangular BB, but stick with what you like, they are both very close to the proprietary MA's I use
IMHO referencing longer frames is essential for the right r:r, otherwise taking a contrarian approach based on 2 min chart when there is no divergence, may result in average 1:1, I would like to see ~3:1 personally. You are obviously trying to achieve a high win/loss to gain from the SPM, am I right?
Hey Trader28, Do you watch/look at the 'Histogram" on the Macd at all? If a person would have taken all the Stoch 5-2-3, 50% crosses today, they would have been whiplashed to death? The SMA3 + 2 and SMA9 +2 are very accurate... Thanks snarlyjack
I would never let the 10 min fake me out of a great trade like 13:54/56... KISS The 2 min is a strange beast, what is most likely a retracement/pullback on the 10 min is usually a nice trade on the 2 min Yes I certainly don't mind if the 10 min supports the trade but that may just mean I'll hang around for a little more, it wont determine if I take the trade or not
I've played with it Snarly, but ole MAC keeps callin back Same long forming again, watch for double top though
LOL, you're freak'in one of a kind! JJ P.S. ... this guy knows his sh*t reagardless of whether anyone else (self included) knows it too. He called the Long and took no heat on it. Unlike my earlier call at 1429.00 - on a seperate thread - where I had to wait 3 freak'in hours for 2 freakin points!, sheesh, that's no way to make money .