$50 in the futures

I did two futures trades after hours, one long (winner), one short (loser), and made $50 gross.

I decided to take a look at the entire day for the futures at 2 minute intervals for today and counted the opportunities when the MACD was red and was black.

Starting at 7 am there were 17 transitions, red to black and black to red. Of those 13 offered at least a 1 point gain. That would be 13 winners and 4 losers, a 3:1 ratio, or a 75% success probability. The losers varied in terms of what happened, but its safe to call them 1 point losses. Some might have been break-even.

If I overlay the 10 minute chart and count trades that were in the same direction at the time that the 2 minute line made the transition as the 10 minute MACD line there were 7 trades, all long in this case, and it looks like they were all good except 1, and that went up but didn't go up a point.

So, 9 winners vs 5 winners, the question would be how bad the cuts would be on the losers.

Even during times when there is clear uptrend or downtrend on the 10 minute there are opportunities in the 2 minute. Going along with the 10 minute trend would provide more movement, it would seem.

Of course, there was good range today. If this was a relatively narrow range day it would have been a chopfest.