You can set your charts to any times you want in QT. Unfortunatly it will affect all other charts with that symbol so you cannot run a 24 hour tick chart alongside a rth chart of the same symbol which I would like to do.
Go to Options/edit preferences/timing clik on multiday chart setting and set it up like this: this will add it to your selections on the clock
here is my todays chart. Trader28 posted already that macd is not usable after big movement. So not all the signals are valid. i just marked them all, but after drop, 11:32 bar entry, first valid signal was crossing up at 13:58 bar www.charts.dacharts.com/2006-09-19/O6663.png total 3 winners, 2 losers and 1 be for the day? with fixed 20 target and 10 stop = about 40 ticks
LOL. As trader28 said right, method is probably only 5% of success. And hedgies know this like no one else. They don't need to do anything, most traders financially kill themselves without "help". And BTW, method works just fine on any other good trending market as well. For me, for example on 3min AAPL it works good enough. I sometimes prefer more flexible position sizing of stocks, cause I'm far from being big enough to flexibly position size ER2 (say 10 contracts on one signal and 15 contracts on another).
It is a good interesting thread, it has reached 60 pages by now. Just a quick summary on the original method given by trader28. 1) Use 10min MACD as trend and momentum indication. When MACD>=0, looks for buy signal. When MACD<=0, looks for sell signal. 2) With reference to 10min MACD indication, use 2min MACD for trade entry purpose. When MACD line is above zero line, buy when MACD signal line crosses up the MA line. 3) When MACD is below zero line, buy when MACD signal line cross up the zero line. 4) Usually the 9SMA on price gives early trend indication for trade action. 5) Exit trade when $200 target met or 10 min later ever comes first for ER. 6) Avoid 1st half hour and lunch hour. Is the essence correct ? Anyone has better success rate with some variation ?