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Buy1sell2, That MACD Divergence in the intraday is not nearly as impressive as the MACD Divergence in the Daily charts. Although, a test long position with a close stop around today's lows might be in order. I would be very hesitant to fight the longer term time frame. Regards Steve

That is a nasty triple bearish divergence on the dailys. Not to mention the H&S formation on the weekly. I am not just looking for a good opportunity to go short before the bottom drops out of it. There was such a huge drop friday I hate to short after a day like that. Maybe we will...

doublea, How will you short at 1295 when the e-mini are at 1288.75. We might not even get to 1295. Maybe you will be lucky and Hit a spike tommorrow and get you short sale. Regards, Steve

Friday I had a long position in Euro FX Futures at 1.2157 with a stop at 1.2140. I got up to go to the bathroom, and when I came back I was stopped out at 1.2140 while the Euro was way below that. I did not get any slippage whatsoever in what I consider a fast market. So far so good. What...

Yes, I read the original thread as well. I did the backtesting manually. I did it with Metastock by scrolling through the charts by hand. I will continue to examine this strategy or a variation of it, and keep you informed. Regards Steve

I just manually backtested about 12 months of the Daily E-minis using this system. Basically it was not successful because of 2 reasons. The Keltner channel range was very wide making the stops unacceptable. There where trends during that period that did not fade from Nov 2004 to dec 2005.

I just read all 50 pages. I learned a lot from this thread. I will take what I can from it and move forward. I would like to thank all the contributers so far. Regards, Steve

End of week Bond news at bloomberg. http://www.bloomberg.com/news/markets/bonds.html It looks like bonds should have rallied more today based on the news but they did not. I think next week will see bonds head lower. Staying short 10-year note since 109250 Regards, Steve

Stopped out at a loss of 17 pips on one contract. Not a bad lesson at all to get you facts right before you make a trade.

Yup I just figured that out myself. When I loaded my template for that chart I entered the regular MACD and not the Difference. Now, I just tightend my stop to 1.2140 because my analysis was wrong and I don't have much faith anymore in the trade. Regards, Steve

You are correct. Thanks

Here is the attached chart

I just double checked my chart and checked those days. I am using the standard MACD Histogram. I have successive higher peaks on the MACD histogram that correspond to the new highs. That is very odd. I am using Metastock with the Daily charts.

Hello, I have been reading here for a few weeks and I just wanted to say hi before I jump in. Anyway looks like Euro Fx is starting a nice uptrend and this pullback seem like a good buying opportunity. Long at 1.2157 with a stop at 1.2095. It seems the weekly chart is just starting an...