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Re: SyndicateTwo post# 385

Sunday, 04/19/2009 10:15:49 PM

Sunday, April 19, 2009 10:15:49 PM

Post# of 541
S2--I have been using your system w/ some success...thanks for that! If you could "dumb it down" a little I would appreciate it to make sure it hasn't just been luck carrying me.

When the EMA crosses below the SMA I've been using that as a short enrty, right away, and cashing out after 5 points on down the DOW (YM). For long entry I look for the EMA to cross above the SMA and use my "gut" to a larger extent but mostly scale in right away and scale out after approx 5 points. I was a little confused about your advice to wait for a pullback to the SMA? 'Cause I don't do that, in fact it seems to run counter to what the moving averages are telling you to do. I use a 5 min time period.

Is that basically the jist of it? Anything I should be doing to refine my trading? Phenominal results for a purely mechanical system but it often just dosen't "feel" right, so I tend to get in and out quick (5 points,like I said). Any advice?

Also, how do you fell about sell in May and go away? Is that in full effect or will it be somewhat muted this May because of all that's going on? For ES/YM trading should we focus on shorting?

BTW--you seem to be on top of your game lately. I enjoy this board and your posts, please keep it up!

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