Anyone use my method?

[patoo]

We are up against a significant resistance point, nopm. Does that influence the way you are going to treat this trade?

 

[no_pm_please]

Now it's clear to me there is a loss of momentum. CCI is heading down and price action is conjested. Now we wait for the last gasp of the up move.

 

[sevenfirs]

Thanks Saico, I was hoping that you will post. There is no chart attached!!!

 

[no_pm_please]

Quote from patoo:

We are up against a significant resistance point, nopm. Does that influence the way you are going to treat this trade?

No. I did notice when we punched through yesterday's high the $tick volume hit 3000 and that's usually a sign of exhaustion. But it was immediately followed by a new high.

 

[saico]

Quote from sevenfirs:

Thanks Saico, I was hoping that you will post. There is no chart attached!!!

 

[wanderer]

NPM, do you run the mechanical trend-following system even as you watch for divergences for your discretionary trades ?

Quote from no_pm_please:

Not trying to add noise to this thread, but I also trade a simple trend following system off 60 min. data. Should take about 5 min. to code up and backtest for those interested.

 

[MarkB]

Unclear to me why you're using CCI Average on the chart, when it appears that just the regular 20 period CCI is being used to find the divergence. Does the average play any role?

 

[no_pm_please]

Quote from wanderer:

NPM, do you run the mechanical trend-following system even as you watch for divergences for your discretionary trades ?

Yes, on another screen. It's showing a exit for 2pm ct.

 

[no_pm_please]

Quote from MarkB:

Unclear to me why you're using CCI Average on the chart, when it appears that just the regular 20 period CCI is being used to find the divergence. Does the average play any role?

Serves no purpose. I'll change it.

 

[letom13eur]

Hi, npp did you take the trade of yesterday around 1.35 ? if no why ? thanks