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    Smacking the ER2

    Jessop: I certainly understand the emotions you're describing; these must be near-universal issues for traders everywhere. Two suggestions that have been helpful to me: You seem to be on the right side of the move most of the time. Once you take a position, put a stop in and walk away...
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    Divergence--untamed beast or man's best friend?

    EasyRider: Good points. I've seen some potential using volume-based indicators like money flow/Chaikin as a leading indicator. For example, I've seen no divergence on longer TF and divergence on shorter TF I'm following. I interpret that as a correction that may be tradable (depending...
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    Divergence--untamed beast or man's best friend?

    Macro: Thanks for the info. I'm using divergence as one confirmation, like to see it, usually do. I've been using the tick charts partly because I've found it shows the divergences more clearly. Also use longer TF ticks for ES.
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    Divergence--untamed beast or man's best friend?

    Like that first crude trade that's with the major trend, I try to find divergences supporting re-entry in direction of current trend. It's just another way to trade pullbacks.
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    Divergence--untamed beast or man's best friend?

    Tsokakis: Nice trades. I've found the time frame that best reveals the divergence may also contain the degree of the move--smaller TF, smaller move.
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    Divergence--untamed beast or man's best friend?

    The attached file shows a very clear buy signal. As the market rallies to the pivot line, it indicator shows weakness before it stalls out there.
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    Divergence--untamed beast or man's best friend?

    OptionPro: www.techsmith.com has 'snag it', the program I use, for free 30 day trial. I think they require an email address. http://www.gadwin.com/printscreen/ is a basic freeware program that works ok. Pat
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    Divergence--untamed beast or man's best friend?

    77: I use 'snag it'. I think there are other freeware/shareware proggies out there that do the same thing.
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    Divergence--untamed beast or man's best friend?

    invaliduser: Any favorite patterns you look for? Agreed, without some form of confirmation, it can be a bit like catching a falling knife. Pat
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    Divergence--untamed beast or man's best friend?

    Here's a chart from today on Russell. These are pretty clear signals on quicker time frame because of choppier market.
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    Divergence--untamed beast or man's best friend?

    Sunny: I don't just trade divergence. Tried that a long time ago... ouch. I use it as part of a package--an important part. OptionPro: That's the Russell. If by leading indicator you mean it sometimes calls next move, yes, actually it does that a lot. The nuance is in determining...
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    Divergence--untamed beast or man's best friend?

    OptionPro: I use different ones. The one shown at the bottom in yellow is 'money flow index'. The charts are tick charts. Each bar represents a certain number of transactions. Shorter time frame (on left) is about half the longer (on right). MACD sig lines, stochastic, demand indext...
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    Divergence--untamed beast or man's best friend?

    I've been using divergence to assist reliably in trading decisions. I'm hoping there's sufficient interest here to develop strategies, debate use--when, how, if--to use both regular and reverse (hidden) divergence as part of a profitable method. In the attached chart, there are five pairs...
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    Tradin' peaks and valleys

    No_pm_please introduced a number of traders here to the use of ADX to help identify changes in trend. ADX gets up over 30 for a while, expect a reversal of some kind, using whatever confirmation you use so you don't get impaled on a huge move. I call this a peak trade. Looking at lots...
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    Exit Strategy ?

    It really takes some pressure off if you can cash out part of your position with a conservative profit target and use some kind of trail or bigger profit target for the rest. Set up a CCI 20 period and watch oscillator when it clears the 100 line on a move. A cross of that line with volume...
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    Good FX platfroms

    Skalpz mentioned getting identical performance from demo to real time. Alpari--a dealer--was rec'd by someone and I checked it out. They say demo quotes in one second and real time in 5-15 seconds. Huh? Well, that doesn't sound good...
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    Traders International Course

    Well, I've been checking this appoach out as well. I understand the limitations of divergence signals--learned some of them the hard way. I will say this in TIs defense: I attended THREE separate 'demos' including realt-time trades on the ES. I saw one 'clear' stop out in that time (others...
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