I have been reading this threat for a while and i really like the strategy because i think it suits my style perfectly, i just wonder if anyone here has ever tried it with the QQQQ, since I am a nasdaq trader and i dont have access to the minis.
I've always suspected you were one of those guys who would just go in and out and then blame ..... the market.
Here is a QQQQ chart, 10 minute time frame. 5 period SMA, offset -2. You have been lurking since 12/05 HMMMM!??
Trader28, I read the article on the macd histogram. It could be a very interesting add-on to your "Metastock Program". You should order it!(?). By the way, I am looking to buy another program, now that I've ditched "Omnitrader". Knowing what you do now... Would you buy Metastock program again? Or would you buy another program? Any suggestions would be welcome! I am not buying another program tomorrow but just looking at all my options. Currently, I am using E-Signal charts cause of the SMA 3+2 availability. thanks... snarlyjack
Anything works as long as it has the basics Snarly, I like MetaStock for no better reason than I'm accustomed to it
I dont understand what is the chart for? it did not answer my question. when i suscribed to ET a year ago i did not know anything about trading, i have been reading old threats trying to learn. thanks
I think the basic strategy is a pretty universal but certain aspects may need to be tweaked for different markets, ie: SMA time periods or profit targets etc