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Moved buy limit order down to 985.50 (just in case I get lucky). The pickup in volatility has the Keltner bands expanding.

How do you go about figuring out how much time to give a trade? I've had quite a few of these long trades this year. When people say trading doesn't require any effort, they can't see my gut while waiting for the trade to end. One minute I think it's going to work out and the next I think it's...

This trade is driving me nuts. Don't think I haven't thought about bailing out many times. Much easier to find these trades in the past and papertrade them than to sit on your hands in realtime. One way or the other it'll be over in an hour and 5 min.

This thread sure gets quiet when a trade is on. I put in a limit buy order at 985.75. Keltner is flatlining just around it. Maybe if I'm in the queue somebody will gun for it. At least I hope so! 2 hours and a 3 point range. Glad I'm not trading 1 min. crossovers. One thing I've noticed...

When the trade gets this long its hard to not hear the little voice "don't let a winner turn into a loser". In the last down move the low didn't break the earlier low since entry of the short and I show a small positive divergence between price and volume. Both of these are not good signs, but...

Looks like we're going to retest the high from here. In the past I've tried exiting here and re-entering at the original entry. I've also tried moving my stop to breakeven. Overall I found it cost me money so that's why it's hands off until either stopped out or the profit target is hit. To deal...

I don't have a full position on for this trade. When the stop is less than 2 points I realize all somebody has to do is sneeze and I'll be stopped out.

Short from 990.50 stop is 1.75 at 992.25.

Looks like this will be the first bar to not make a new high. I have keltner range at 5.23 so stop will be 1.75. High was 991.80 so max price I'll take is 990.25. Should be short in 15 sec.

Ok, now we've got ADX above 30, a new high bar, and divergence. I show divergence starting at 1025. If the divergence holds then after the next down bar I'll be going short.

A new high with divergence indicates momentum is left in the trend.The ADX above 30 tells me the trend is getting old. The divergence tells me the big money players are done supporting the trend. The new high is used to reduce the risk at time of entry. I've tried doing entries with divergence...

I have ADX crossing above 30 now. I also show divergence between price and the oscillator. All I need is a new high above 989.50 to start the wait for the trigger.

1. It's not void. It's just paused because the risk is too high relative to the expected reward. You could use a limit order to get in if the market comes back within the stop loss area. In this case a buy limit order at 984.00. If the trade doesn't make it back, and the SP touches the opposite...

Yes, I'd be willing to place the stop at exactly the hod. Once in a while I even have to place it a tick below the hod because of slippage between the SP and ES markets. This is rule of thumb stuff. Exact precision isn't necessary to figure out entries. It's the idea of limiting risk to some...

I think I covered the entry/stop loss placement (I don't look at hod on emini because I expect it to be spikier than the SP). I use only SP numbers for figuring out the trade (I know I'll get hit with some slippage between the SP and emini for entries and exits). You can see from most trades the...

7/3 = 2.3333 so use 2.50 for the stop. Anything above a 1/4 pt. increment and you go to the next .25 level (no rounding down). I have the SP hod as 992.80 so the lowest entry point would be 992.80 - 2.50 = 990.30. I show the open of the trigger bar at 990.70 so it's within the entry. I could see...

That was a close trade. I had the ADX at 28.07 on the 1055 bar. If it had been above 30 then the divergence was in place and the 1100 bar would've confirmed it (by taking out the low of the 1055 bar). The first up bar would've been the 1105 bar. The keltner range was 6.47 so the stop would've...

Catching up on the thread... I used the Chaikin Oscillator because that's what Linda Raschke used to track price divergences. I wanted to see what she saw while I was learning how to trade. I'm sure momentum, MACD, OBV, Rate of Change, and CCI would all give some similar results. Her idea was...

The only setup I found for yesterday was a short near the open of the 845 bar. The SP open was 990.70 so a fill around 990.50 is what I would've expected. The Keltner range was 7.02 so a stop of 2.50 would've been used. The trade was exited on the 1000 bar when the lower Keltner band was touched...

Sorry I couldn't be here yesterday. Tuesday I went out for lunch. I got back 15min. before the FED announcement and went to check the market. My system was dead...no power...nothing. I took the box to a computer store and they found the power supply had died. I asked them to upgrade the...