Simple Profitable Method

If you like to trade news volatility, consider using Tick charts rather than the usual time charts. The Tick chart many times will smooth out the volatility.

See the FOMC Announcement example attached.

Charles

 

Thanks guys.

 

Amen to that. Nice smooth morning. Havent looked at ER2 yet but 3 nice trades in YM. Entry and stops are easy but I am still working on my exits. Today instead of fixed targets I am using a close above the sma to exit. Seems to work about as good as any.

 

Yeah Bear, the ER2 had some pretty nice setups as well this morning.

 

BB, What time do you begin your daily chart? I'm papertrading the YM also. Do you use a 24 hour chart? I've been starting my chart at 9:30 eastern to coincide with the equity markets, but I think that's throwing off my MACD indicator.

At what time did you get the MACD ZLC down?

Thanks for any help.

 

Heres my chart from this morning.

 

This afternoon.

 

You can see that I am basically trading flags which is what I have been doing all along but the macd helps me quite a bit as I have had a bad habit of early entries and impulse trades and this little system keeps me in line. This time frame also seems to work very well for me. All in all, a nice fit for me.

 

Bearblelly , I'm glad to hear its working out for you ! Seems to be key for each individual to find there own off others help maybe, that works best " for them " . like you doing here .

 

Did anybody get the below trades. I have automated this system and these are the trades I have got today. I trigger the system after 10 AM CT. Total Net $19

SOLD 1 DEC06 FUTURE
12196.0 ECBOT (USD) 13:56:42 CDT on Thu, 26 Oct 2006
BOT 1 DEC06 FUTURE
12198.0 ECBOT (USD) 13:54:08 CDT on Thu, 26 Oct 2006
SOLD 1 DEC06 FUTURE
12196.0 ECBOT (USD) 13:53:44 CDT on Thu, 26 Oct 2006
BOT 1 DEC06 FUTURE
12196.0 ECBOT (USD) 13:31:21 CDT on Thu, 26 Oct 2006
SOLD 1 DEC06 FUTURE
12199.0 ECBOT (USD) 13:07:07 CDT on Thu, 26 Oct 2006
BOT 1 DEC06 FUTURE
12194.0 ECBOT (USD) 13:05:07 CDT on Thu, 26 Oct 2006
SOLD 1 DEC06 FUTURE
12186.0 ECBOT (USD) 12:36:51 CDT on Thu, 26 Oct 2006
BOT 1 DEC06 FUTURE
12179.0 ECBOT (USD) 12:34:50 CDT on Thu, 26 Oct 2006
SOLD 1 DEC06 FUTURE
12179.0 ECBOT (USD) 12:05:15 CDT on Thu, 26 Oct 2006
BOT 1 DEC06 FUTURE
12181.0 ECBOT (USD) 11:58:50 CDT on Thu, 26 Oct 2006

Thanks