Simple Profitable Method

A good trade ??

 

Whatever method you use I think you want to be cautious when the macd looks like this.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1200025">

 

Lunchtime ain't usually the best time, but the market is sucky and of completely indeterminate strength, sooos, maybe ??? - but IMHO, no, to choppy, and I'm betting the market continues to the upside.

Best,

JJ

 

Stopped out.

 

Not trying to hijack the thread, but those interested in moving avg (and cross over systems), should also look at this method.

http://www.trading-naked.com/FloorTraderMethod.htm

I dont know if it has been discussed before or on ET.

Thanks

Mudit

 

Short this time...

 

Be careful. ES and YM are basing near the highs.

 

http://www.cbot.com/cbot/pub/page1/1,3248,432,00.html

Free market depth for the mini Dow on the CBOT website.

 

Thats a nice bit of synchronicity, I tested just about every system on that naked guys chinese menu and settled on that one as the most consistent... and even pinched his 9 period MA

 

Hopefully you didn't pinch his bare bum.