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Looking at your chart...I only see one indicator, slow sto I believe. Don't you use another "confirming indiator". MACD, etc.?? There was some massive divergence brewing in your chart. 5 consecutive lower highs followed by a divergence in price before the open. If your MACD was telling you...

I assume this is what you trade based on your comments. It's ssooo easy here at ET. Start a journal. Document what you are doing. Exactly and in writing. Call your trades in real time and teach us. Clear as mud.

Nice trading awash. Once you get your entries down, it will help. Have you ever considered entering on the first red candle after divergence and the DT? Did you try the tick chart or was it too off base?

Realized I didn't answer your question....... My point was that smaller numbers of ticks exhibit the same patterns as say a 5M chart. You can time an entry on a 5M or 3M or whatever by stepping down to a 21, 34 or 55 tick chart. I don't use these but I do use 377,610, 987 and 1597 tick...

I tell ya, I am almost sold on them. I have had the suggestion from several here at ET and it makes sense to me. Why not include the thoughts behind the transactions that take place at night or whenever. After all, these folks are telling a price story too. I have set my charts up with the...

Trading Futures in an IRA is not a good idea. The mere title of this account should tell you this.

If your method generates several trades per day, keeping a journal without affecting your focus is almost impossible. However, if you trade once or twice a day it is much easier and a journal keeps you focused and sharp. A goal is not a goal until you commit it and become accountable. This...

This one would have worked. Exit should have been at the bottom of the channel, also was the 50% retrace level of the morning run down. Take care. Good trading.

That's why they call it fishing, not catching. Give a man a fish.......................................

Classic bounce of a double bottom at support. Double top now approaching. Do you have divergence in volume/macd?

Here's another example of a short entry at the top of the channel. The divergence on the MACD was slight, and there was no divegence on the Chaikin. Also, the DOW is hinting at another move up. I would like to see price return to the top again around 2:00. If this happens, I will take the...

Just realized I meant the high low of the day before. Anyway, you know what I meant.

Gerald Appel article in TA of S&C. Read thru the section where he talks about Phases of the Markets. Pg 88. "Think about the market moving in waves. It has a flow up, a turn, and then a flow down. It would have a bottoming period and then it starts up again." Stage 1,2, 3, 4 stuff...

If I get divergence on a good fibo level, it helps with confidence to take the trade and plan an exit. I think FIBOS are self-fullfilling prophecies. That is, they work because everybody expects them to work.

Nice trade TS. 1M works well to get your entry or plan your exit.

The pullback is bouncing up against the 61% retracent now. If it heads south, will likely go to bottom. Sorry. I'm bored. EDIT: It's hard to see the 61% in my post, it is there though. A move up may take it to the 50% or 61% level of the recent run down.

Once this trade got going, it went to the bottom of the price channel, which also happened to be the 50% retracement of yesterday's high low. Would have been a good place to book your profits, or play a reversal, etc.

Hmmm. Wacky was good.

Just for informational purposes, there was a signal on the YM at the open this morning. These times are a little too unsettling for me and I am not trading this. Just for the record. There was NOT a divergence on the Chaikin. Figured some of you probably are.

Sorry about that. I am not good at my PM's. They went away or something. FOR ENTRIES ONLY This may sound a little strange and it will definitely cause your heart to flutter a little..... try setting up a tick chart using your same divergence system. When I was on steroids, I used to...