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Cool.. Do you usually look at any other time frames higher than the 5 min for confirmation? Also, on friday how did you trade the market.. It consolidated then spike down and then came back up and made a wide range..

How come you trade the 1 min chart (just curious)? You must get a bunch of trades during the day. How many trades do you take a day?

Thanks for the response.. So do you trade 123's with trend also? If not, when do you use them..

So how do you go long/short in a strong trend?

I never said I have spent the last 4 years trying to replicate what I did in 2008. Just recently (2 weeks ago), I figured out what I did to make that money. And also, I never said I was going to double my account every week. Matter of fact, I didn't even use no compounding strategies. I...

Not everyone isn't going to see the point of this thread. Especially the closed minded. I'm just trying to point out a couple of things that could help out traders.

I think because the es range is so small.

This all happened in 2008 when the market was acting all crazy, but that wasn't the reason why I made money. It has taken me 4 years later to realize exactly what I did to make that money. Back then I didn't realize that I was buying pull backs and letting my winners run. Right now, I'm testing...

Joke? No sir!

Are you looking the chart or are you trading your beliefs? Because last time I checked the chart is always right. That 60 min chart produced over 100 pips. Just because you don't draw your lines that way doesn't mean it's wrong.

I agree. And I am in the process of doing more bactesting :)

Now I haven't tested out my theory yet, but I think most indicators will work only if you can Identify the trend or the direction of the market. MA crossovers, macd div, rsi, bollinger bands, etc. Even trendlines, double bottoms and top, pin pars etc. I truly believe all of this stuff works...

Codes that alerts you and draw the trendlines? I need that :)

The trade signal is a red bar if price is going up, and a green bar if price is going down. Yes I do agree with you that something needs to occur with the indicator. That's why you can't take these type of trades blindly. You have to be able to read price action.

What's Pre-divergence?

What do you mean by untouched? Anyways, this is what happened on Fri on a 60 min chart (pic below). Again this is trading against the trend but you can take trades like these only if you know what to look for.

This is how a Div looks like (pic below). Maybe other people have their own definition so please do whatever what works for you. Anyways, this trade is pretty risky because you are going against the trend. But notice how the large green candle covered the large red candle (pretty sweet). I...

Tell you the truth, I only bactested for 2 weeks manually. 2 weeks or a month of ok results from backtesting usually peak my interest. And then from there I will usually start bactesing some more. But I was just curious if anyone here was using div successfully. I'm using the RSI for bactesing.

I'm backtesting manually. Meaning my eyes are looking at the chart and I'm manually drawing trendlines on the chart on each bactesting day.

Is anyone using divergence successfully? RSI divergence, MACD div etc? Just curious because I'm backtesting divergence strategies and so far I like what I see.