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These are based on the 5-min. chart and they are also the daily high and low for 8/19. Resistance at 9433 Support at 9336

I don't like to use divergences (if you're talking about looking for divergences between price and an indicator, such as RSI, stochastics, etc.). I've never been very good with them. However, I am using the support and resistance levels as a filter as I described earlier - the price has to...

Hi Baggerlord, Thanks - I agree. In my updated rules that I posted a day or two ago, I added the use of the 5 minute chart to locate key support and resistance levels for purposes of the range trades, as well as the requirement that the range should be at least 15 - 20 points to give some...

I didn’t paper trade in real time this morning because I was busy with some other things I had to do. Instead, I looked over the chart this afternoon and found all of the valid signals for the 9:30 – 10:30 am time frame. If I had tried to take the signals in real time, I probably would...

A couple of notes about this morning: I missed a retracement trade at 10:07 am that probably would have been good for about 10 points. Also, there was technically another retracement entry at 10:17 am. However, this entry occurred right at support at 9333 that was established at 9:38 am. In...

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6 Trades: 2 winners, 4 losers Total: -10 pts. (Note: 1 missed trade that would have been +20) Another rough morning. There was one trade I shouldn’t have made at all in hindsight (#5), and #6 was also questionable. Other than that, I think the entries I took were ok. Ironically, I...

I'm using e-Signal and trying to set up some charts to follow along with this thread, but I'm having some trouble with the Chaikin Oscillator - the values on my charts aren't anywhere near the ones that are on the charts posted here. I downloaded the formulas from e-Signal and have them set...

Here are the updated trading guidelines. I changed the entry for retracements since I had it incorrrect and added some stop placement rules to help me hold the trades longer. Chart Setup: 1 minute chart 34 eMA 10 sMA of highs 8 sMA of lows Pullbacks: Long: Wait for two...

Thanks. I'll keep these things in mind when trying to trade this method. Also, yes, I've been reading your journal. It reminds me of a day I had near the end of last year. Here is my journal entry: Trading Journal: Monday Nov. 25th...

I'll keep this in mind. I noticed you said that you will wait until you have 10 pts. profit in a trade before you start to trail a stop. Do you keep the stop behind the prior pivot until then before you start to move it? Also, what do you consider an "exit signal"? Is it simply a signal...

OK, thanks. I misunderstood the entry for the pullback trades - I thought you were saying to enter on the break of the pivot, rather than the break of the retracement bars (trader's trick entry). Do you use the low/high of the entry bar as your protective stop as well? Also, what kind of...

Yes, it was. If you look at the bottom of my notes, I commented on that: "Note that I had missed a trend setup (short) a few minutes before trade #1 that would have been a loser, but I either missed it and got lucky, or I didn’t take it because of the prior support at 9275 (I can’t remember...

10 Trades: 3 winners, 6 losers, 1 break even Total: -20 points. As you can see, things didn't go so well today. I got whipsawed a number of times in the first hour and had a couple of retracement trades that fizzed out a few ticks after breaking the pivot. Today's experience is fairly...

3 trades: 2 wins, 1 b.e. Total: +10 pts. I just started following the trades in the afternoon. All trades are paper trades. I write the order on paper ahead of time and when my stop price is hit, I give myself a fill. If the price makes a sharp move through the stop price, I’ll...

Yes, I'm seeing that the range trades can be tricky already, but then again, they all are. I have a couple of great charts I made to upload, but they're too big so I have to do them over again :( Once I get them redone, I'll post them. I did terribly today so there should be plenty to talk...

I decided to post my results and notes here because I wanted to follow Baggerlord's YM method in real time for a while to see how it works, but I didn't want to clog up his thread with my posts. There are several reasons why I decided to start this journal. First of all, I've been thinking...

It sounds like an inefficiency has been arbed out of the market. So many people trade gaps that they probably started anticipating them - there are probably traders that are now putting on trades in the globex session when the price gets above or below the closing price by a certain amount...

O.K., thanks. I also have a couple of other questions... What is the purpose of having different MAs of the highs and lows (10 and 8)? Also, how did you arrive at using a 34 eMA for the trend line, and what do you use it for? Is it just a visual to help determine a trending or...

Baggerlord, Does the opposite apply for these entries? In other words, for pullbacks, can you go long after 2 bars completely above the HMA then a lower high, and on range trades, go long when the opposite conditions apply to what you've described? Thanks. Sempai