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I can't wait to hear your comments when the Cheerios you paid 3 bucks for last week are 10 bucks this week.... You wouldn't attribute price stability to traders as, in your mind, they don't provide a service.... And, to continue the tired refrain from those who don't have a clue, trading...

Very true.... If you aren't seeing divergence on one chart, change the compression settings and you can usually find it on a different chart...

Yes, and I agree with you Icarus... I am not saying that divergence can't work for some individuals...those who absorb losers with small losses and hang on to the eventual winners can make just about anything work. I just think it is misleading to post only winning trades using divergence...

So Icarus...help me understand.... You just jump in anywhere, long or short, and then employ discipline and risk management to avoid blowing up your account? I must admit this is one thing I haven't tried. Would a simple coin toss suffice or should I try a slightly more enlightenend...

Well, keep smiling and I am glad you are happy. I am with you on not making flat statements...especially in regards to trading....however... I object to those who make it appear they use divergence ONLY....and then show only winning trades in the charts they post here.... I think I know...

And to also add.... Divergence is wonderful in hindsight... Sort of like printing out and taking a chart with moving average cross-overs to a cocktail party...amaze the uninitiated as to how they can get rich quick...NOT.... Price action works....save the indicators for those still fond...

Precisely

Price

Another textbook factoid... No offense but I think you are missing my point...

With all due respect, the below statement is typical textbook nonsense....usually regurgitated by those who insist on reading books instead of studying charts and thinking for themselves.... Try putting away the textbook and open a few charts....if you avoid the bulk standard time-based...

Uh, no.... your point was trends are rare and you see far more data that chops than trends...or at least that is what you wrote in a prior post. My point was some of us don't find that to be the case...and we can leave it at that....

As Anekdoten pointed out, a lot of it has to do with chart intervals. It is possible to see many tradeable trends each day if you experiment with different chart settings. Trends are chart specific....if you are seeing more chop than trend, try a faster chart setting and I think you will see...

Hi Back, First trade...after your entry, price moved in your direction, pulled back and managed another higher high of only one tick. With the ES, that is a double top....one of the best shorts in the business...as soon as you saw that or suspected it, you should have exited the long. Just...

I don't want to contradict what Anek recommends so I would look at his settings for longer term charts first. However, to answer your question, I know people that use a minimum of 3 times their entry chart setting and others that use a chart 7 times slower than their entry chart.

Great thread! Don't want to confuse anyone but, assuming S/R levels are considered, 1473 was major support on longer term charts and a higher low on the same longer term chart. It was also the low of the day on Friday We "bottomed" at 1473.25 this morning and a good but aggressive long...

Constant volume bars are generated based on the user's setting for a particular number of contracts. For example, a 1000 volume bar chart will generate one bar for every 1000 contracts. The width of each bar is constant just like it would be for a tick or most time-based charts. Equivolume...

My advice to you would be to read the thread and then post. Having said that, you are in good company if you don't know what you are talking about and decide to post anyway.

I am trying to figure out why a profitable trader would waste his time proving their method works to anyone else? I am also wondering why a real trader would establish a journal on ANY site and post his trades? How many profitable trades could you miss every day wasting your time in that...

I don't know what charts you are used to....going from a 3 or 5 minute chart to a 55/343/2401 CCVB chart will confuse you at first. I know it did me....now those minute charts are better than a sleeping pill when I look at them.... Your eyes/mind will get used to the faster bar development...

And another long...HL from 1560.25...no early entries on this one...target of 1568.50...presently at a high of 1569.25 Great day in the market!