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1. ADX crosses above 30 - 9:15 bar. 2. Divergence starts with 9:20 bar. Keeps making new lows. 9:40 bar first up bar. 3. Keltner width 10.07 - stop loss is 3.5 on this trade 4. Buy near open of 9:45 bar at 966.75 stop loss 963.25. 5. Exit at 11:20 bar at 972.5 Entry long 966.75...

Forgot the attachment.

Last post of the first trade. Entry was at 6. 978.00. The stop loss point was 974.25. The target is the other side of the Keltner Channel. The stop wasn't hit and the other side of the Keltner Channel was touched at 984.21, so I would put in a market order and expect to get close to 984.00 on...

Oops...forgot to put it in the exit method. The basic method is either to get stopped out at the stop loss point or exit when the price touches the opposite Keltner Channel point. In real trading I usually exit just before the point is reached. Pretty simple and objective.

ADX just went above 30. No divergence. Too late to start looking for a trade today.

I don't know what you mean? Price is to the right near the top with the Keltner Channel. New bars go from right to left so I leave the price on the right to see where we're trading. To get a exact price I use the drawing tool with the vertical chart status. In realtime all I need do is se the...

At 3. divergence between volume and price starts. With the yellow it's pretty easy to see. Price was falling while the oscillator had bottomed and had turned up. In real trading I didn't see much of a divergence and passed on using it as a setup. I like to see trades clearly. Once divergence is...

The first trade is marginal. I didn't take it as I like to see clear signals. I'll go through it to show the pieces as they fell into place. At the beginning of the day the ADX was already above 30 (from the previous day) (1. on the chart). There was no divergence when between the volume and...

The basic method is pretty simple. It gives me plenty of warning of a upcoming trade so I know when to get down to business. The setup requires three basic things. 1). The ADX indicator must be over 30. 2). The Chaikin Oscillator must be showing divergence from the price. 3). The price must be...

If you want to see what I'm seeing during my setups, here's my configuration. I'm using TS2000i with Esignal as the datafeed. I subscribe to the CME. My cost is $182/mo. Someday I'll get around to buying a yearly subscription. My signals all come from the SP market (not emini). I don't know if...

Since I don't see any other divergence-based journals, I thought I'd post one. In it I'll post a basic method with objective rules. Well there's a tiny bit of subjectivity. I'll go through the setups, stop loss calculation, profit target, and bar to get long or short. I also plan on posting...

For my style (buying bottoms/selling tops with volume divergence) this year has been easier. I got stopped out in more trends last year. I've been able to use tighter stops this year also. So I trade more contracts to keep the total risk per-trade the same. Some year I'll learn how to trade...

You're right emini volume was up. I was watching the pit volume and it was down 15% between the up bar and the down bar. Sorry for the confusion.

ISM 65.1 vs 58.0 expected. Explains the pop up. Big bar down on emini was on very light volume. Bid and ask queues on emini look smaller than usual (don't see 500 bid or ask much). Big player's search for liquidity causes big volatility in thin markets. WELCOME TO AUGUST!!!

Very favorable tax treatment for traders. 60% of profits are booked at the short term rate and 40% at the long term rate. Stocks...100% taxed at short term rate.

I trade 25 contracts in the Emini. I haven't seen any slippage. If you trade the SP contract I think you should expect some slippage. I'd be doing better but I lost about 40 pts. per-contract in April. The war made for very tough market conditions. It seems much easier now.

Intraday...no overnite holds.

I'm up 52 pts. net per-contract from the beginning of the year to the present. Not great, but I'm happy with it.

Gordon, after you sell your car...spend some of it by visiting a physician and making sure you don't have ADD or ADHD. Your post rate of 3.66 per-day and complete focus on trading are symptoms. Are there things you know that need to be done but you can't seem to get around to doing them? Like...

It's been much easier to trade since the beginning of May. Lots of continuation from the morning trading. Jump on the trend early or wait for a double top/bottom pullback. Either way, it's been very, very, good to me. Not much pain...plenty of gain.