Emini divergence journal

[no_pm_please]

ADX above 30...no volume divergence.

 

[rickty]

Quote from no_pm_please:



I guess our datafeeds aren't lining up today. I showed the SP high as 984.70 at the 935 bar with the ADX at 29.01. Then on the 940 bar I have the ADX crossing above 30 and the price not setting a new high. I guess they'll be different opportunities for each person depending on their datafeed. Hope you made some money.

My qcharts feed agrees with this.

Richard

 

[no_pm_please]

I now have a volume divergence and price confirming by the low taking out the low bar since the ADX crossed 30. Next bar not setting a new low will signal the trigger to enter long. I have a Keltner range of 7.18, so stop loss will be 2.50 pts.

 

[no_pm_please]

Long from 975.00 stop loss set at 972.50.

 

[no_pm_please]

Here's the setup I was looking at on the SP.

 

[MarkB]

Again, I don't show a divergence. Will be sadly interesting to compare our charts.

 

[richsan]

No divergence on ES.

 

[no_pm_please]

Very frustrating that we pay for realtime feeds and they look different.

This entry didn't have any downward momentum after the low was breached and divergence confirmed. It bounced pretty hard. If my entry would've been at or above 975.75, then I wouldn't have taken the trade as it would've been more than the stop of 2.5 pts. above the lowest low of 973.10 on SP.

If this is going to retest the low, it should start happening soon.

 

[MarkB]

Yes it is extremely frustrating. Obviously there's inaccuracy somewhere.

My 11AM (Central) bar didn't even retest that low. And volume looks different as well.

 

[no_pm_please]

Put in a limit order to exit at 978.25. I don't know how long this going to go up and I wanted to get in the queue early. Probably just nervous because I had too much coffee to wake up today. No lunch yet, so I'm going to make a sandwich.