Hey Jimmy Jam, The thing about our little "SPM" and all our little "extras" is, we can put them on our screens and watch them and go hummm... You have to admit that this is very interesting? I am back to: 1). SMA3 +2 2). SMA9 +2 3). Macd 12-26-9 4). Stoch 5-2-3 (just watching it) Were still friends... snarlyjack
Don't get me wrong, I am not arguing with you, I am glad you edited your post. For instance your 1.54pm Long, I am certain you also saw a higher low, which most likely added to your conviction of a ~2 point upside, would you have been risking 1.5 points on that trade? Just a question, don't shoot me for asking please. Now, the trend is still down & yet another MACD series of crosses to the downside & moving towards 0 line, I would happily risk 1.5 points on this one to get 4-5 points gain. That's all I was trying to bring across.
But now the 10 min is right on the zero line and threatening to cross it, so strictly speaking you would not be comfortable taking this lovely little short You can get hung up on the forest and slam into a tree worrying about other time frames, the 2 min cross will more often than not give you a good trade regardless of other timeframes
Now after singing the praises of the 3SMA+2 I hope you nailed that short with it if you missed the initial cross BB
There is more to this than meets my myopic eye... the little short shook me out (10 Mins no profit) and then became lovely.
Trader28, Don't know about luv...but it was a very nice 15 point short on the YM. SPM timed it perfectly... snarlyjack
You're right, of course... trading this the first day, getting used to the beast... still snaps at my hand