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Now that ADX is above 30 we need to see the price confirm it's divergence with volume. In this case the price needs to cross above 984.70 before the original trigger would be setup.

This mornings move looks very strong. Since I have a trend day warning for today, I'm going to wait past the original signal to enter and look to enter on the retest. ADX just went past 30 and there is divergence.

I just got tired of the recent negativity in the threads on ET. I was also bored looking at journals where the methods weren't revealed and the results weren't tracked past a day. Also, I didn't see much posted in divergence trading other than "wait for a divergence before taking a signal types...

I tinker all the time. The kinds of changes are things like moving the stop to 1 tic above the highest high after two bars in my favor (on short trades), exiting the position when the middle keltner channel is crossed initially and re-entering (if there is a retest), exiting the position if it...

Yes hindsight is 20/20. Come back in a couple of months and check the results. By then it should be pretty clear this is a viable method.

The easiest way to avoid a big losing day is to stop taking trades if the first trade is a loser and you suspect it may be a trend day. A second method is to wait for the ADX to drop below 30 and cross above it again before starting the setup process. A third method is to wait for the...

I've been trading the overall divergence method for about 2 years. I've made some adjustments just about every month since then.

If you want to see how this method has changed since I started with it, here's some screens from 2001 that I posted to a forum. The big change was with the trigger and stop placement. I also only took 1 trade per-day back then. http://public.fotki.com/goinglong/pics/

Sorry, I didn't want to confuse anybody. I use two methods for all my trading. This is one of them. I don't have the profits and losses separated by method. I started with this method and had about a 70% win rate. I think I'm having about the same success with the other method, but since I...

I use the oscillator to tell me when smart money is no longer supporting the trend (volume drops in the pit relative to the move in price). This tells me the move is getting weaker with every bar. That's all it means to me. I watch the price bars to see when the actual momentum starts dropping...

How do you know it's a trend day before it's over? I looked at Linda's stuff. I prefer my trading methods. I know on trend days I'll lose. If I have a loss early and it looks like a possible trend day, sometimes I don't take more trades that day. I guess I'm a one method kind of guy.

MarkB, I have no secrets. I just want to keep this journal clean (one method...here's the results...any questions about it?). If my account grows to 600k I plan to do trading fulltime. At that time I could have one journal for basic and another for advanced. I think it would be too confusing to...

Looks like a lot of stuff. For my purposes it looks like overkill. I think IB TWS is fine for me. I like not having extra stuff between me and the broker. Thanks anyway.

I'm using the actual pit volume reported for the SP contract.

Sorry, I'm not going to be posting that method. Hopefully after a couple months of results this will get some people interested in looking at divergence trading as a viable way to make money. I know "trade the trend, etc.". Some of us aren't good at that. I think this will demonstrate that...

I don't know how the bracket stuff works. I have a account at IB and another one at another broker. The exit for profit can't be set in advance because it's based on the keltner bands which change with every bar. The stop loss can be set and I do set it right after entry. I haven't checked...

I already knew when this method will lose. When the market has a trend day or strong followthrough of trends it will lose money. At that time I only took about 1/2 the trades because I slept in most days and only caught afternoon trades. I could see winners on other trades and I didn't see...

No, at that time the high was higher than the previous bar. The trigger for this method is to wait for one bar after a high is made. Then if it doesn't set a new high, go short at the open of the next bar. See the chart on this trade. I added this trigger to make sure the momentum of the trend...

I don't how you do the math. I was looking at my records for the year. My net before August was $110,687.50. The total dollars on winning trades (net of commission) was $143,434.75. The total dollars lost (net of commission) was $32,747.25. This method plus my advanced one win about 70% of the...

1. ADX crosses above 30 at last bar of yesterday - 3:15 bar 2. Today's open above the last bar confirmed the late day price move. Divergence was easy to see. Last bar making a new high was the 9:00 bar. 3. Entry at the beginning of the 9:10 bar. Sell at 978.50. SP open was at 978.70. Keltner...