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Short from 973.25 - stop loss set at 976.00

Unless this bar goes above 975.50, I'll be short in 30 sec.

I show the Keltner Range to be 8.00 pts. - Stop loss is going to be 2.75 on this trade

Divergence starting...now need one bar that doesn't set a new high to trigger short entry.

ADX is now above 30. Waiting for divergence...price needs tp go above 972.00

I'm a studio musician. Most weeks I work everyday. Sometimes sessions run over until 5 or 6am. If I didn't have to pay taxes on my trading, I would've quit by now and traded fulltime. My little dream....

Your setup is identical to mine. I went back and double checked. The range was 9.83. Keltner Upper of 972.01 and Lower of 962.84. I screwed up and had a little wider stop than I should've. Any other difference may be the quote vendor. I'm using Esignal and remember this is for the SPU3...

I don't know how it has done in the long run. I tried to test it in TS2000i, but I can't get it to recognize divergence properly. My personal results are understated because I work from 6pm - 2am and sometimes I'm too tired to get out of bed. Today I got up 20 min. before the open. I need to...

1. ADX crosses above 30 - 2:50 bar on 8/5 2. Divergence starts at 3:00 bar New lows are set until the first 5 min. of 8/6 3. Keltner width is 10.83 on 3:15 bar - stop loss is 3.75 on this trade. 4. Buy near open of 8:40 bar. Entry was 960.75 vs open on SP of 960.80. stop loss 957.00 5...

For the purposes of this journal there are only two exits. the first is the stop loss which was set at 957.00. The other was if the upper band of the Keltner Channel was touched. Once a trade is entered those are the only two ways to exit.

It wasn't really a overnite setup. It was more a late day setup. From yesterdays post I pointed to the divergence starting at 3pm central time. I didn't like it because the equity market was closed. I didn't have any way of knowing if the move down on light volume was caused by some floor...

Out at 968.50. I'll post the summary and annotate the trade after responding to a couple of posts.

I don't know what this single method made last month. I use this and a advanced method to get more trades. Last month was my best month of the year for the combination. I was up over 40 pts. I didn't trade about 1/3 of the month due to laziness. Hopefully having a thread will get me out of...

Long from 960.75 stop was calculated yesterday at 3.75 so stop is set at 957.00. Nothing to do now but wait.

After yesterday's drop at the end this first bar is looking like a long trigger bar. If it holds below 962.00 I'll be long in 15 sec.

The only one I didn't take was the first trade. I listed it as marginal and said I didn't take. I included it to show how the setup works. I took the others. I'm trying to give anyone that wants to give it a shot after one or two months of following along, a estimate of what to expect. My...

Here's todays chart. As you can see, the ADX stayed below 30 until it crossed it at the 2:50 bar (1.) Divergence between volume and price started at 3:00 and continued until the close (2). Notice the price kept hitting new lows. The Keltner Channel width was 10.83 at the end so the next trade...

Unusual day...3 setups 1. ADX crosses above 30 - 1:35 bar 2. Divergence starts at 2:05 bar No more highs after it. 3. Keltner width 8.93 - Stop loss is 3.0 on this trade. 4. Sell near open of 2:15 bar at 983.50 stop loss 986.50 5. Trade exited on closing bar at 980.75 Entry short...

1. ADX remains above 30. 2. Divergence starts at 12:25 bar. Also last up bar. 3. Keltner width 8.35 - stop loss is 3.0 points. 4. Sell near open of 12:35 bar at 976.75 stop loss 979.75. 5. Stopped out at 1:35 bar at 979.75. Entry short 976.75 Stopped out 979.75 Profit(loss) (-3.0)...

I attended a seminar by Linda Raschke a couple of years ago. One of things she talked about was the age of short term trends. She uses ADX as a proxy to indicate when a breakout in the direction of a trend is young or old. I decided if she could use it for breakout trades, I could use it for...