Divergences

R

romik

I'll be making calls in this journal based on divergences. This journal will help me with my research, which forms part of my e-mini trading, though this will be dedicated to any financial instrument.

All calls are hypothetical in nature, I will not be actually making the trades, this is just a study into divergences.

Quick link explaining divergences: https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=8968

I will be quoting current prices, potential profit targets and of course stop levels.

Here are some terms I might be using:

BLD - bullish divergence
BRD - bearish divergence
3BRD - triple BRD
3BLD - triple BLD
BB - Bollinger Band
MA - moving average
PT - profit target
WRB - wide range bar

Oscillators used to determine divergences:

RSI
CCI
MACD

As this is a research journal, I do not mind people making comments, suggestions, posting charts, making their own calls, joking, but please no personal attacks. If somebody is bugging you, just stick 'em on ignore. Let's keep it civilized. Thank you!
 
Quote from romik:

AIT (NYSE) Applied Industrial Technologies Inc

Current: $24.31
PT1: $25.00
PT2: $26.00
PT3: $30.00
Stop: $20.50
BLD in MACD HIST on a daily chart attached
Weekly chart is in an uptrend and recently oversold, which is clearly seen in CCI

http://finance.yahoo.com/q?s=AIT
More...

Romik, good luck with your journal! I hope that the honesty and openness of paper trading in public will help you immensely. Is there a way that you could take a picture of the chart instead of providing a link to it?
 
SIN06 Silver July 06 future contract

Actually this is a call I made earlier on at the price of $10.20 in the $Silver$ thread.

Current at the time of call: $10.20
PT1: $10.90
PT2: $11.50
PT3: $12.00
Stop: $9.50

BLD "B Class" in MACD HIST on a daily chart attached

NOTE: I have to give credit to another ET member ___B1S2___ from whom I've picked up quite a bit of information regarding divergences. B class divergence is where the 2 lows in the indicator are pretty much at the same level though price has made a lower low or higher high;

I actually do hold SLVs. So I do have some interest in this one :D

http://www.futuresource.com/charts/...b=CANDLE&st=BOLL(20,2);MACD(12,26,9);RSI(14);
 

Attachments

Quote from Buy1Sell2:

Romik, good luck with your journal! I hope that the honesty and openness of paper trading in public will help you immensely. Is there a way that you could take a picture of the chart instead of providing a link to it?
More...

Hi B1, thank you, there is a chart attached, I've also provided a link to Yahoo Finance quotes.
 
Quote from Romik--NOTE: I have to give credit to another ET member ___B1S2___


No need to thank me--You picked up most of it on your own!! Good luck with the trades here. You are doing the right thing to experiment with it in public.:)
 
Quote from Buy1Sell2:

No need to thank me--You picked up most of it on your own!! Good luck with the trades here. You are doing the right thing to experiment with it in public.:)
More...

Well, this is going to be more of a part-time study really, you know what I do from my posts in the ESJ and I've very little time on my hands for this journal to keep it going full-time. Also, I do enjoy participating in your journal, you'll probably see me there more often than here LOL.
 
Care to comment on your profit taking strategy? How do you determine them? Do they really perform better than waiting for the opposite signal to occur? Or is it better to let your winners run with a trailing stop?
 
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