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Thanks for the reply, Yes, the trades are exactly the same, placed at same time (in the morning after open). This has been happening for over 6 months. Probably a total of 100-150 trades. Recently (the last 20 trades) the gap has gotten wider. I am very surprised by this because everything...

I've been using IB for a year now but recently the quality of my fills have gotten bad. This occurs mostly on stops in panic selling markets. Usually this wouldn't bother me because I know you use stops to just get out regardless of price. However, I do the same trades in a vanilla Ameritrade...

Thanks Patricio, I'll check it out!

Sorry, I know this is off-topic but I couldn't find the info. Maybe a link could be suggested? I believe futures are taxes 60/40 (long term rate/short term). 1. Does that count for commodity futures as well as financial (index) futures? 2. How does that mix with stock and option gains...

Romik, I'm confused....you are going long INTO a double top? Why? Or does that not effect your signal? Are you no longer Long Term short?

Thats odd, everything I see tells me to get out and maybe even go short. There is a lot of resistance between 1299-1302 plus this volume is absolutely pathetic. I'd rather get out now and get back in if it clears 1303. Thoughts?

Yeah my ES is down....ahh now its back

Ahh, I didn't realize you traded S/R as well as Divergence. 2. 200 MA is 200 day moving average. I don't have eSignal but based on my rudimentary calculations 200 day MA is around 1274.50 on the ESU contract. I expect it to have a hard time staying above it. 3. Point taken, will do...

Hey Romik, I enjoy reading your divergence journal. Do you pay attention to any other areas when you trade divergences? For example, you are going long right below what looks to me like the 200 day MA. I take it you don't look at this as resistance? Thanks, pkts

Thanks for all the ideas and help 4RE. All the best with your business venture!

Yes, you're correct but the lunch lull last from 12-2 in my books. Things only get going again after that. Besides, a decent amount of financial guys are on Chicago time.

I'm out too. 1266 is throwing up some resistance.

Hmmm, double top on 5 min. We'll see. Hard to get a read when its the lunch break.

Wait for after lunch rush!

Can anyone enlighten me as to what the major resistance around 1274 was? I don't see anything on the charts. Was it a 50% fibonacci retracement from 1292 high down to yesterday's low? Thanks!

I must have misunderstood the BB approach. I went long @ 1260 at around 9:30 when the candlestick cleared the bottom of the BB. Had a decent 2 point profit and was going for 4-6 (top of BB) when the market decided it was a downward trending market and not trendless and proceeded to tank. Thats...

+1 Traded like a buffoon today. Made good trades, got scared out. $%^$%^$&*!!!! :mad: The fact that my paper trade account is up 50% in the last week is...uh...no consolation. :D

Is that a bearish divergence on the 5min?

I don't have very good charting, is it possible to determine the long term trend with the SPX index? I've included the chart below. I'm having a hard time seeing where you see a divergence to make you long the ES. I can see the divergence with the MACD and the flat RSI just before the drop in...

Thanks a lot B1S2. Thats a fascinating method. I like the longer term nature of it.