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Exit short 972.25

Short from 978.50 stop at 981.25 (2.75 pts stop loss)

The down bar would have to stay within the stop loss range. In this trade I've checked the Keltner width a couple of times and calculated the stop loss around 2.75. If the point of entry were more than 2.75 from the highest bar then I would have to wait for a retracement back up. If you look at...

Nice to see the market open above the last bar of yesterday. ADX is above 30. Divergence exists between price and volume. As long as the divergence continues I'll be looking to go short after the first bar that doesn't set a new high.

Yeah, another end of day setup. About as exciting as a bowl of leftover oatmeal.

I waited all day for a setup and now on the last bar of the day the ADX crossed above 30. Maybe we'll have a trade early tomorrow morning. I don't enter new positions after 2:30 CT. Just isn't enough time left in the day for the trade to work. I probably should back that up to a 2pm cutoff but...

Putting people down is not a good basis for offering good advice. If you don't want to spell out a piece of your method then you'll need to establish your credibility before anyone will listen to what you have to say. How about starting a journal and just enter your entry and exit in realtime...

No losing days? Now that is astonishing! I don't know why you're angry and need to put down others that aren't so fortunate. I don't see any journals dedicated to trend trading the emini. Please start one, put in a method for identifying the trend and show people how you do it in realtime. That...

Oh, I see. I didn't realize what you were doing. I just tried a couple of the moving average indicators and found the middle line of the Keltner is a 20 period simple moving average of the close. So, if you want to get the same results in wealth lab you should use the simple MA. Linda uses a...

1). For this method I don't use any moving averages. I learned all I know about figuring out what a market is doing from Linda. I don't trade any of her methods because they're not compatible with me. I could never buy a top or sell a bottom. 2). I don't have any set numbers. I just want to...

I use the same settings as Linda Raschke. I figure if it's good enough for her and she can figure out what's going on in the market, then it should be good enough for me. I've never tried anything but her settings.

You're welcome. Ok I'm done for the day. I need to rest a little before work. Be back tomorrow. Hope the luck holds up! LOL

1). That is right. It would be close to impossible to have everything line up going the other way without first having the trade exited. 2). I use market orders to get in and out. Sometimes if I need to be away from the screen I'll put in the stop and put in a limit order at a little less...

Here's the Emini chart for the last trade. Everything is about the same as the SP chart except for the divergence. On the SP chart the divergence was very noticeable. On the emini chart it's hard to tell if the chaikin oscillator is diverging or flat from the price. The Keltner Channel was 8.50...

1. ADX crosses above 30 - 1:25 bar 2. Divergence starts at 1:30 bar. Also last bar making new high. 3. Sell near open of 1:40 bar. Entry was 973.25 vs open on SP of 973.30. Keltner width was 8.0 pts so stop loss was 2.75 pts. stop loss entered at 976.00 4. Trade exited when Keltner Channel...

It means I had losing trades that would not have been losing trades using the SP prices. I have to use a calculator to figure out the Keltner Range so I don't what you mean by "say this in numbers". I'll post the summary on this last trade and then do the trade using the Emini prices. Lets see...

Exit short at 966.25.

The short answer is...I don't know. I looked at it in the past and I got lots of bad entries using the emini prices compared to the SP. I pay the extra $ and make it up in profits. I'm as cheap as the next guy so if I have time maybe I'll try and check the emini signals vs the SP signals...

I could but you wouldn't believe me. I posted the entire method so anyone interested could do the work. Everything can look good in past history. Lets see how it does going forward....

LOL...it's not a glamorous job. Playing music you hate to clicktracks is probably about as much fun as going to the dentist. Pay also sucks...