Simple Profitable Method

Just on the 3SMA +2 offset re-entry... it is no different to the "floor traders method" described here:

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

and Woodies Zero Line Rejection trade

They are all the same trade but in my opinion the 3SMA +2 gets you in earlier than the Floor Traders method and is more accurate than Woodies ZLR

If that MACD is running and above it's MA and zero line then you can take those pops above the 3SMA to the bank... every now and then it will fail and that is usually a trend change, but it is a high probability trade in normal conditions, just use common sense, they wont work as well during lunchtime or in the chop

You could trade these exclusively if you are having trouble timing the Zero Line Crosses, their main benefit is all that all your trades are taken with a strong trend and there is a very clear trigger, ie: price pulls back below the 3SMA then pops above as it resumes the trend

 

T28 Do you watch anything other than ER2?

 

Not unless my porn collection counts

ER2 just seems the day traders choice at the moment

 

T28, if I'm reading your chart right your first entry (X) is actually on the 4th bar that has closed below the 3SMA+2 (dotted) line. If that's correct is there any reason why you didn't enter sooner? Also the fact that you went short while the MACD signal line crossed over its MA well above the zero line seems to be contrary to the "rules" of the system we're all so interested in here. Can you explain, please? Again, thanks for starting this excellent discussion thread.

 

Trader 28, how did you trade Fed's time, any exeptions from your rules?
Thanks

 

By watching his porn collection?

 

Close... I went to bed, it was 4.15AM here

 

No the X's and Arrows are not entries, they are part of the expert advisor I use that turns the candles blue and red, they are not a part of the method

 

Trader 28, how would you trade the news if you were up ?

You avoiding the answer for few times already,

you spring looks over , so how would you trade?

 

I haven't avoided it, just never noticed it, been inundated with questions about a system I stipulated on the very first page was SIMPLE... dont overthink it, if you have to ask how you would trade the whipsaw of FOMC then the answer is stay on the sidelines, I dont even trade the 10 o'clock news, this system likes smooth patterns and you rarely get that with big news