Emini divergence journal

[no_pm_please]

Quote from macal425:



I wonder how many traders have the opposite dream. To be able to quit trading to become fulltime musicians.

PS. Nice journal so far. I'm looking forward to seeing how this turns out over a month or two. Hope you can stick with it.

LOL...it's not a glamorous job. Playing music you hate to clicktracks is probably about as much fun as going to the dentist.
Pay also sucks...

 

[no_pm_please]

Quote from Plop:

I can't wait to know more trade results


Could you not go back into the past with your data? I think yes!

I could but you wouldn't believe me. I posted the entire method so anyone interested could do the work. Everything can look good in past history. Lets see how it does going forward....

 

[Plop]

If I am not wrong, ET member Walther has also a divergence method develloped.

Does he take more points than No PM? I thought his method is 80% profitable.

Anyone experience with?

 

[no_pm_please]

Quote from hit_n_run:

no pm please

would it still work, if one is trading it, from the es mini chart?

thanks and best of luck

The short answer is...I don't know.

I looked at it in the past and I got lots of bad entries using the emini prices compared to the SP. I pay the extra $ and make it up in profits. I'm as cheap as the next guy so if I have time maybe I'll try and check the emini signals vs the SP signals. Can't promise anything...I'm pretty tired when I trade.

 

[hit_n_run]

no pm please

what do you mean with bad entries? could you say this in numbers, please?

looks really good the short right now, wtg

 

[no_pm_please]

Exit short at 966.25.

 

[no_pm_please]

Quote from hit_n_run:

no pm please

what do you mean with bad entries? could you say this in numbers, please?

looks really good the short right now, wtg

It means I had losing trades that would not have been losing trades using the SP prices. I have to use a calculator to figure out the Keltner Range so I don't what you mean by "say this in numbers". I'll post the summary on this last trade and then do the trade using the Emini prices. Lets see how it goes....

 

[hit_n_run]

Keltner range es mini , was at entry time:"

974.81
966.14

 

[no_pm_please]

1. ADX crosses above 30 - 1:25 bar
2. Divergence starts at 1:30 bar. Also last bar making new high.
3. Sell near open of 1:40 bar. Entry was 973.25 vs open on SP of 973.30. Keltner width was 8.0 pts so stop loss was 2.75 pts.
stop loss entered at 976.00
4. Trade exited when Keltner Channel touched 966.25 at 2:40 bar

Entry short 973.25
Exit short 966.25

Profit(loss) +7.0
Risk 2.75

Risk/reward this trade about 2.5 (unusually good)

Cumm. trades since 8/1

# wins 5
# loss 1

Profit of winners +29.25
Loss of losers -3.0

 

[no_pm_please]

Here's the Emini chart for the last trade. Everything is about the same as the SP chart except for the divergence. On the SP chart the divergence was very noticeable. On the emini chart it's hard to tell if the chaikin oscillator is diverging or flat from the price. The Keltner Channel was 8.50 on the emini for me so it would have a little larger stop than the SP chart. The entry would have been at 973.00 and exited at 966.00, so the profit was the same.