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    NPP's Divergence and Breakout Method

    There's a mistake in the indicator. Where it's calculating the average range for the past 10 days it's only using yesterday's range. Here's the corrected code.
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    NPP's Divergence and Breakout Method

    For screen 2 you'll need this indicator. I received this from another ET member and it's the heart of the way I view the price action.It can be cut and put into the easy language indicator. Just make sure in the properties you set it to use the same scaling as the symbol. If you're in another...
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    NPP's Divergence and Breakout Method

    Here's screen 3. I've skipped 2 for now because that's the heart of the method and I don't want this to get lost. This screen uses 30 min. bars of the big SP contract. It has 3 indicators on it. 1). CCI average using 20,10,100, and -100. 2). ADX using 14 period. and 3). RSI using 54 periods. The...
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    NPP's Divergence and Breakout Method

    Here's the bottom half of screen 1. It's the 5 min. ES with the volume indicator added. The bar spacing is formatted as 7 in 2000i. I use the volume on the ES price to look for spikes as in the Tick. Both of these are subjective so I don't use them as more than a confirmation tool and only at...
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    NPP's Divergence and Breakout Method

    Here's the upper part of screen 1. It's a 5 min. chart of the tick indicator. I don't watch it all the time, but I use it as a tool to indicate a very low risk entry or early warning indicator of time to exit. What I'm looking for are extremes aka spikes to help with my timing. The bar...
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    NPP's Divergence and Breakout Method

    This journal is about a overall approach to trading the Emini market. I've only been trading it live for a couple of weeks so the rules may need to be modified as we go along. I'll keep the rules in a notepad file and post them when they change with some sort of revision # so anyone following...
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    Emini Divergence revisited

    I love this site.... I'm happy to say that I've been free of mono for about a month (gone completely). I've got my energy back and a much better attitude. Unfortunately my old boss still has no work for me, so I'm trying to make a living trading fulltime. I've made some changes to my...
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    Emini divergence journal

    In the past month I've had plenty of time to reflect on my brief life. At 25, I've had a great job as a studio musician. While many think 90% of traders losing is a big deal, I'd have to say that my experience has been about 99% of musician's don't make it as studio musician's. I'm sorry to say...
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    Emini divergence journal

    Only good thing I can say about this trade was it was short. 1. ADX has been above 30 all morning. 2. Divergence with momentum confirmation started at 11:40. 3. Last high bar was the 11:40 bar. The sell was done at the start of the 11:50 bar at 1034.75. Keltner width was 2.25 so stop was...
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    Emini divergence journal

    Stopped out at 1037.00. I guess that's the markets way of saying welcome back.
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    Emini divergence journal

    I have keltner width of 6.02. Stop will be 2.25 pts. Looks like this is the first down bar. Short from 1034.75 stop set at 1037.00
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    Emini divergence journal

    Now everything's in place. ADX > 30, divergence, momentum starting. After first down bar I'll be going short unless the divergence is wiped out.
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    Emini divergence journal

    I explained why in the 11:42 post. I'll try again. It's not enough to have ADX above 30 and divergence. The last event is divergence with momentum left in the trend. This is evidenced by a new high/low being made after adx crosses 30 and after divergence starts. In that case we had divergence...
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    Emini divergence journal

    Looking back on a trade it's hard to figure out exactly what I would've done. I probably would've taken this short trade since the market opened below the close and rose higher. The Keltner looks flat and if you check the keltner from the close to the entry, there was no divergence. The trade...
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    Emini divergence journal

    No, the ADX just has to be above 30 at the time of entry. Take a look at the trade on page 10.
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    Emini divergence journal

    Found one trade on 10/1. To be honest I probably wouldn't have taken it since it looked like a clear trend day at the time of the trade. I don't want to cherry pick the method so I'll include it in the results anyway. I'm starting a new running total from here so we'll see how it does going...
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    Emini divergence journal

    Doesn't look like a trend day so any signals that come up will be taken. I'll check 10/1 and 10/2 for trades while I'm waiting.
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    Emini divergence journal

    ADX is above 30. No divergence so far. The huge gap open is from news. I probably shouldn't do a trade. If I get a clear divergence and it doesn't look like a trend day, then I'll take a trade.
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    Emini divergence journal

    Sorry I haven't given you guys much of an update. I didn't really think my health should be a big concern. I went to the docs last Friday and I still have mono. The doctor was concerned because my spleen was enlarged. He wanted to put me in the hospital in case it ruptured. I figured if he got...
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    Emini divergence journal

    I'm still kicking. This mono has been tough to beat. I got so weak I needed to use a chair just to go from my bedroom to my kitchen (stop and sit down every 6 feet or so). I tried to monitor the market but I just felt exhausted and either laid on the couch or went back to bed. I'm feeling...
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