Simple Profitable Method

IMO yes, because IF hourly was lined up for a reversal, then probability of correct r:r going short would have been decreased substantially.

 

Well you probably do, but if you can't read the market without them then you run the risk of never being a consistently profitable trader

Chop will find you out eventually and flush you if you don't develop those skills

 

Its tuff to sit tight after that last zero line cross to the down side. In stead of 4 points, I scalped a couple times for a little more than a point and a half. Looks like we might get a little bit more !

Great day for the T28 SPM !!!!! I need to get that re-entry method down with the 3sma+2.


Cheers!

 

in that case why use 2 min macd? just go with your gut feeling & expertise

 

Because all I need is the trigger... I don't need to walk the distance to my target and measure it

 

OK

 

Right there, couple of minutes ago, see the re-entry on the Russell, good for a quick scalp

 

So you wait for it to breach the 3sma+2, and when it goes back down below it, take the short?

 

Yep, as soon as it opens, earlier in the trend is obviously better (at 89 and a half) but still could have snarfed a chunk there

 

Got it, just took out .60 - Thanks