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Here's today.

No, the stop loss is the only stop used before the Keltner Channel is touched. If it gets really close (like within .5 pts.) often I'll start following the parabolic and make a judgement call on exiting on a touch of it. npp

The ADX has just crossed above 30, however there won't be any trade here because this is just a continuation of yesterday's trend up move (of which the method would have already triggered a trade). The ADX will have to quiet down or the market trend down before I'll be looking for a trade.

Not trying to add noise to this thread, but I also trade a simple trend following system off 60 min. data. Should take about 5 min. to code up and backtest for those interested.

Well I guess i got my answer. Seems very few trade off of divergences and noone used the original method for the SP/ES market. I think this is good stuff but I'm pretty biased. Good luck to everyone. Tomorrow is a Fed day so I won't be trading.

I don't know what is behind the Keltner channel computations. I'm using TS 2000i. I looked in the user section and it just says it's a average (doesn't say what kind). The only way to tell if you should take partial profits is to paper trade both full exit and partial exit and after a few...

Win % from beginning to the end of November is 74.8%. This averages 18 trades per month. The size of the winners is larger than the losers. Seems to be more mechanical traders here than in the past. I don't think this is easily coded. npp

Here's today's trade. Reward 3.75 Risk 2.0 Reward:risk ratio 1.8

I posted the updates earlier in this thread. Good luck with backtesting. I've tried to automate the method for years and have given up. In the end you'll see it's very hard to come up with a objective way of measuring divergence.

When I used the volume on the ES it didn't give very accurate signals. I played with different indicators until I found the CCI. The divergences are pretty clear and easy to see. That was the only criteria. I switched to the ES from SP because it didn't make much sense to watch one market and...

Hi, trading has been going well. I don't feel much pressure, but that's probably just me. Playing someone else's music with them as a critic is stressful. Trading and waiting to see if you pay or get paid is pretty boring by comparison. My old job didn't pay well so it wasn't like I miss it...

Stopped out at 1268.75.

I've tried many times, but with no success in TS. In the end I think the best approach is if the divergence isn't clear then it isn't divergence.

Trade just hit opposite side of Keltner channel at 1268.25 so now I use the trailing parabolic stop until stopped out or the close.

Yes, it's the same 1/3 of Keltner high - low. In this case at 12:15 ct I had 1270.44 for high and 1265.06 for the low. The diff. was 5.38 and 1/3 of it is 1.79333 which I round up to 2.0 pts.

Take it easy guys! For anyone interested, I went long at 1265.00 with a 2pt. stop.

No, each trade follows a progression as described in the original journal. On Thursday it didn't happen. Only the trade I described was accurate. npp

Only thing I've noticed with $tick is if the ADX < 30. If you have a trend going, then when $tick pulls back to 0 it's a good place to enter long or short in the direction of the trend. For trend exhaustion, the tick volume for the ES looks promising. I see many trends stop when tick volume...

This method doesn't do well in trending markets. It does best when the market is range-bound. By using the one losing trade and stop trading for the day, I've been able to avoid getting beaten up during trend days. This has been my best year ever, so next year the ES will probably trend more...

Kept noticing that I was leaving so much profit on the table by exiting at the opposite Keltner band. Parabolic seems to be a good trailing stop technique so thats why I switched to it. I'm sure there's a million other ways to trail a stop that would work fine also.