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ES03M simulated #1 rocket Long 851.00 10:06 Sell 852.25 10:34 +1.25 Entry only at 10:06 as waited for slow line to climb higher because of 10:00 report move. Sequence 1 min MACD cross up -> divergence -> 5 min MACD above 0 -> fast line in. Exit sequence: 10:24 1 min MACD crossed down...

ES03M simulated. #1 rocket Short 847.75 @ 9:47 Cover 843.00 @ 10:08 +4.75 Entry after synch was over, rocket signals all there. PMI was reported at 10:00 but decided to ignore the knee-jerk reaction. Then a sequence: 1 min MACD divergence -> 5 min MACD convergence so I got out. MACD...

ges and dawg, You make a valid point that I was aware of when I started to backtest. There may be intrabar signals during the day that may ruin your profit margin obtained taking the signals that DO show up on the historical charts. For argument's sake, let's say you trade the strategy...

Walter, Can you explain what you mean by price divergence? Thanks.

dawg, In this case, the software doesn't know that the fast line crossed in and out of the area - historical charts do not show occurences like this. The signal is simply not there. One could go to a shorter time frame and look for a signal but it would be tough to code for a 5 min intrabar...

ges, As Jack mentioned several times, the entry should be as soon as the fast line crosses into signal area (be it 75 or 80). Yes you get more false signals (fast line crosses during the bar and snaps out of the area before close of the bar) but that's where sequences, volume, etc. come into...

Formatting is gone, so if it's hard to read here is an excel table.

Here are the backtesting results for Jack's methodology. Size traded: 1 contract Commissions: $5/round trip (IB's rounded up) Time frame: 5 min Time of day: 9:30-12:00 EST except for Mon 9:30-16:00 (the hours that I trade). Entry: the signals used for variations of the method are...

ES03M simulated Long 863.75 10:25 after MACD crossed up, stochs crossed up and hist >+0.4 Sell 863.00 10:37 fast line had crossed above 80, but pulled below, slow line below 50 and low broken on 1min chart. -0.75 Then a rocket set up on the next bar, with both lines above 80 and...

Here is dawg's chart - I was looking at it too. Jack, any comments on the chart window scaling?

Jack, Your notes on the chart are very helpful, I know now what you mean by points 1-2-3. Great coaching, thanks.

dawg, Great post thanks. Clarified some stuff for me. Can you please go over the point 1 2 3 channel drawing? Today I sim traded ES for a change. Volume is much higher, and it whips around more and faster than NQ. In this sense NQ is probably better for beginners. Tried my hand with a...

Jack, Thanks for answering my questions. Your insights are helpful and equally challenging, as always :) I'm still working on backtesting - I am comparing results from single line vs both line entries, high/low break entries (a la dawg), in both NQ and ES, entry on bar close vs. middle of...

Jack, Thank you for your comments. Looking forward to your organized notes :) My questions: What do you mean by "tape moves to 15 min"? What is C&R? dawg, what prior low/high do you look at before taking a trade (day's, last 30 min etc)? A preemptive note on the the scaling of my...

Wed chart

Tue chart

All trades NQ03M, simulated with FuturesTrader. Mon Short @ 1067.00 9:57 Cover @ 1069.00 9:59 -2.00 Stochs were entwined below 20, MACD diff at -1.2, NQ started to sync with ES. Had a stop at -2 pt and was stopped out. Gotta learn to do wash trades. Short @ 1063.00 10:21 Cover @...

machine, are you back in town yet?

It's not really rain, it's only water:p But the city stays green year-round, so it's worth it. What's the minimum to sign up with Bright here in Van?

dawg, Since you are posting charts daily, here's a nice utility that I use to get high quality .gif files (courtesy of nihaba).