09-20-06 09:12 PM
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 ?
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