Anyone use my method?

Quote from no_pm_please:

Here's the changes:

1). No longer uses SP for analysis. Everything is now off of ES data.
2). Replaced using Chaikin Oscillator with CCI Average with standard inputs.
3). Replaced the exit on touch of opposite Keltner with use of a .015 Parabolic stop.
4). Don't trade anymore on any day after 1 losing trade.

Since there doesn't seem to be anyone that's used it in the 2+ years since I posted it, I guess I won't do another journal.

For anyone that wants to research it, I'll post last Thrursday and Friday's trades.

Here's the tradestation screen with the inputs for anyone that wants the setup info.
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no pm please

You are a gentleman and a scholar ... ET could use 100 more traders like you !

I'm sure this will help many here in ET, so don't assume your efforts wasted.

:)
 
Quote from easyrider:

How long did it take you to work out the details in the beginning? Most people here will not stick with anything long enough to find out whether it works or not.
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It probably took me 3 or 4 months of watching the market to come up with the original basic idea. It's a continuous evolutionary process. One of the reasons why I don't mind sharing what I'm doing. If the market changes, I'll sense it and change with it. I've been trading divergences in the ES/SP market for more than 4 years using the same basic concept.
 
I researched your previous journal when Steve46 mentioned it to someone( a newbie who was looking for a system) a few months ago. It made a great reading! I hope you are better now. Please keep posting your charts if you have the time, it's real education for some us.

Thank you once again.
 
I see you are using Linda Raschkes settings on the Keltners. She also did a study that says once price penentrates the Keltners there is 66% chance that that price level will be tested again. The problem, of course, is that a lot can happen before that test occurs.:) I played around with something similiar to what youre doing but could not get consistent results. Divergence is tricky.
 
Quote from no_pm_please:

Here's the changes:


3). Replaced the exit on touch of opposite Keltner with use of a .015 Parabolic stop.
Here's the tradestation screen with the inputs for anyone that wants the setup info.
More...

What is the reason you have switched exit technique, how using parabolic made a difference ?
peace
 
no_pm thank you for sharing that original journal. I very much appreciated it and it was an extremlly valuable insite into the markets for me at that time. Very much appreciated and i for one would love to see another journal.
 
I must admit, that I did not use the system. It is a very interesting use of indicators. I have been thinking about diversifying some funds into Futures again, and have not found anything that fits me.

I am not a fan of indicators, but I think it would be a good use of my time when I am ready to investigate this technique.

I am in no hurry for a new Journal to be started, if there is to be a new one, but I might try to learn the technique to see if it fits me.

Thank you for your time, no pm

Michael B.
 
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