SPM discussions

Discussion in 'Strategy Building' started by Jahajee, Oct 22, 2008.

  1. They are already posted on the thread.

    It's the same entries and exits ... over and over again.

    Simple and Profitable.
     
    #141     Oct 28, 2008
  2. wow I think I understood that hersey post and his charts, uh oh.

    The thing is, what we doing has the word Simple in it first.....
     
    #142     Oct 28, 2008
  3. LOL, it's absolutely hysterical that he started posting his bullshit right as the market was taking off, another huge SPM signal (Buy) was triggered, and somebody whom we had shown the details to in less than a day delivered a bigger blotter than anyone in their camp ever have!

    Yet another good day for SPM, and another bad one for SCT! :D

    (Hey Jack, how's it working out with Neoxx and the color printer)? :p

    P.S. We went to their thread and we pwned them. They came to our thread, and we pwned them some more. :)
     
    #143     Oct 28, 2008
  4. What is the 3SMA +1 re entry?

    Thank In Advance
     
    #144     Oct 28, 2008
  5. I'm having some problems seeing this stuff, but check out the YM at 14:18 CST. You should see an MACD cross UP, and the move goes from roughly 8660 to 8745.
    Is THIS what ya'll are talking about?
    thanks
    Ian
     
    #145     Oct 28, 2008
  6. Yes, because the cross up occured above the zero line. Strong buy.
     
    #146     Oct 28, 2008
  7. Just a reminder, MACD lags so in reality when cross over is seen on chart, the price is already3- 4 bars ahead on the 1 min chart .
    If you drop vertical line from MACD crossover you will need at least 4 bars ahead to place your trade markers.
     
    #147     Oct 28, 2008
  8. Thanks!
    NOW I know what to look for.
    Would anyone care to delve into the 9 and 3 SMA I'm supposed to be looking at?
    I know what they are, and I"ve got them plotted, even got the 3 with a +1 offset, just not sure how I"m supposed to incorporate them into the entry setup.
    ????
     
    #148     Oct 28, 2008
  9. It bears repeating.


    • * simply reverse the concept to look for sell signals
     
    #149     Oct 28, 2008
  10. It's true that MACD lags price, which is why pure price action is recommended once you get to that level. Something that has been clearly stated before in this thread.

    In the meantime what he is offering is good enough until you make it to the big league.

    TV
     
    #150     Oct 28, 2008