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I sware I do not know when I'll get it right. I'm constantly forgetting. Yesterday 7-19-2011 I had my contract date on the CL set to CL 08-11 and that was completly wrong. It should of been CL 09-11. Now I know why yesterday was so freakin dead, I had the damn contract date wrong....gezzz
Well this wont work. I'm going to have to become more selective in my trades. See pictures below for what I mean.
Picture 1 through 3 where good trades. Trade 3 I lost 25 ticks. Then trade 4 I lost and I had lost all I'd made in the first two trades and now was down 30 dollars. That wont work, to devestating mentally. So I'll no longer take trades short or long unless the MACD is below or above the zero line for the intended direction. Hope that makes sense see picture 4 and how I went short with the MACD above the zero line. See ya tomorrow
Thanks for sharing your system. I'm not familiar with the Felton momentum and MA indicators you use. Any information would be appreciated, especially calculations.