Sean Not sure if you're asking how T28 uses the two MACDs as signals or if you're asking how I superimpose two MACDs on one graph. Attached is my 2 min ER2 chart for this afternoon set up for T28's SPM - Two triangular moving averages, a 3 period and an 8 period, both displaced two periods to the right (that's a -2 in TradeStation (TS) and a +2 in T28's platform) - and a standard 2 min MACD (12, 26, 9). BTW - don't forget we shifted to ER2's June contract this morning. On top of the chart I have superimposed a 10 min ER2 but made its pricing data invisible (that's a TS option). On the subgraph below is a 10 min MACD (dotted lines) overlaid onto a 2 min MACD (solid lines) subgraph. That's the only reason I needed the invisible 10 min chart - so my subgraph could calculate the 10 min MACD. Remember, the 10 min MACD really only plots a point every 10 minutes - so the dots connecting two 10 min dots together are just artifacts of the fact that this is all being plotted on a 2 min subgraph. Now, as to how T28 uses them - he looks for 2 min MACD xovers and zero line crosses (ZLCs), ideally headed toward the 10 min MACD. The MACD consists of a 9 period moving average (MA) and a 12/26 slower MACD. When the MA crosses over the MACD he waits for a MA ZLC and then goes long or short depending on the MACD2's direction. Ideally, the MACD2 is moving toward the MACD10 though I gather he's not always that picky. After the ZLC he'll trade MACD xovers in the same direction. But he won't trade a MACD xover in the other direction until it's followed by a ZLC. And so on . . . Again, the only purpose of the 10 min MACD is to lend support to the strength of the move but I take it that trading toward the 10 min MACD isn't cast in concrete - depends on how he's feeling about it I guess. On the top side, he's hoping for a nearby crossover of the TMA3+2 and TMA8+2 as well as some price action around those TMAs that'll confirm the trigger - though those aren't base elements of the SPM. Nor are exits defined - that's your call. Finally, he stays up late, drinks a lot, and screws around with someone named Mrs. Hershey to keep his trading chops up - that's about all I know. How'm I doin' T28?? Am I gettin' close? jimns
Sean Here's a TS radar screen setup I cobbled from a John Carter book (Mastering the Trade). It gives me a lot of info about what Mr. Market is doing but you know, it's honestly not all that useful. That's because this stuff doesn't lead the ER2 - the ER2 tends to lead it. Still, I like it when the TRIN, the PC, and the TICK all line up with my ER2 SPM trade but I don't hold my breath while waiting for that to happen. By the way, I better say again - I'm only paper trading the SPM so far. In particular, I haven't got my exits worked out to my satisfaction and I'm still playing with $ management strategies. So don't try to take my strategies or comments to the bank. It's T28 who has this stuff down. I'm just another ardent disciple drinking his Koolaid. jimns
Snarly Don't forget most of the March ER2 volume rolled over to the June contract this morning. jimns
Now that I've switched from the (YM) to the (ER2) I am using classic Trader28 and SPM set-ups and indicators. 1). Macd 12-26-9 2). Sma3 + 2 3). Sma8 + 2 The Sma3 + 2 is the early cross. The Sma8 + 2 is the direction of the trend. Do you use the cross of the SMA3 + 2 with the SMA8 + 2 at all? thanks snarlyjack
Thanks Trader28!!! Think I'll just watch the action on the ER2 today just to get into synch with it. Unless their is a big break in the market, then I'll jump on it... I look at a volatile market as a opportunity to us traders. According to the T.V. they just stopped trading "New Century, Corp" a large mortgage lender. The sub-prime loan market isn't going well. This could be very interesting... snarlyjack