Emini divergence journal

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no pm please

>>>This method plus my advanced one win about 70% of the time. <<<


I think, I dont understand this point. does it mean that this method plus..... or each one is winning about 70%?

what package subscribtion , did you take with esignal?

thanks for all the helpful postings.

best of luck
 
Quote from MarathonTrading:

Great journal

A question about divergences. It seems (but I am not sure) that you are not necessarily waiting for a turn in the oscillator itself to enter.

In my view the divergence is not completed until the oscillator has turned.

Any opinion or precision?
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I use the oscillator to tell me when smart money is no longer supporting the trend (volume drops in the pit relative to the move in price). This tells me the move is getting weaker with every bar. That's all it means to me. I watch the price bars to see when the actual momentum starts dropping (like when the bars stop making new highs). I've never seen a method where the oscillator can be used with precision to time a entry. If you have a method please start a journal. I'd love to see how it works and its results.
 
Quote from no_pm_please:



How do you know it's a trend day before it's over? I looked at Linda's stuff. I prefer my trading methods. I know on trend days I'll lose. If I have a loss early and it looks like a possible trend day, sometimes I don't take more trades that day. I guess I'm a one method kind of guy.
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One simple way - which you may or may not want to look at - is to use a two-tick stop outside the target rather than a limit exit or market exit at the target (trading more than one contract provides more options).

For instance, if one's strategy is to take 4 ES pts (or whatever), rather than exit at that target, he can place a stop at 3.5. If he's stopped out immediately, he makes two tics less than he would have by exiting at 4 with a limit order. However, if the trend is a strong one, he stays in and can use reaction highs/lows, trendlines, trailing stops, etc to remain in the trade.

A couple of good trend days a month can make the month, so it's worth reviewing. Just a thought.
 
Quote from hit_n_run:

no pm please

>>>This method plus my advanced one win about 70% of the time. <<<


I think, I dont understand this point. does it mean that this method plus..... or each one is winning about 70%?

what package subscribtion , did you take with esignal?

thanks for all the helpful postings.

best of luck
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Sorry, I didn't want to confuse anybody. I use two methods for all my trading. This is one of them. I don't have the profits and losses separated by method. I started with this method and had about a 70% win rate. I think I'm having about the same success with the other method, but since I haven't kept two sets of records...I don't know for sure. Wait a couple of months and you'll see how this method does by itself or work through each day of past history that you want to check. It's pretty easy to find the trades.

I take the esignal futures with the CME exchange.
$129 + $53
 
Can anyone following the divergence journal and using esignal please help with the indicators.

Were do one ofset the Keltner Channel by 2.5 and do you use
the moneyflow or the actual Chaikin oscillator.
Is it neccessary to manually input the volume in the Oscillator.
Do you use the ADX as it is with esignal or do you change some settings?

Thank you very much
 
Quote from MarkB:

Your logic and writing skills are better on little sleep than most people's are when fully rested.
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no_pm's journal is a paragon of excellence in its clarity. Also he's been very generous to share a trading method he has devised.
A godsend for those of us who have been searching for a method of "their own".

no_pm,
I've got my WL set-up running. Below I've included a graphic of today's action. I'm using ES rather than SP, as I don't have SP real-time at the moment. This morning's divergence was easy to see. Nice clean set-up. Thanks for your help.

Richard
 

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I'd thought I'd also post a graphic of the SP so that it could be compared with the earlier ES graphic. Slight differences do appear. Divergence seems to be more prominent in SP.

Richard
 

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Quote from no_pm_please:



I don't know how the bracket stuff works. I have a account at IB and another one at another broker. The exit for profit can't be set in advance because it's based on the keltner bands which change with every bar. The stop loss can be set and I do set it right after entry.
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IMO, the keltner's change is not that great and would not affect your p/l over the long run. Also, you could check in every 20-30 minutes and adjust the orders if you really needed to.

Setting up a bracket order is pretty easy. Here is a link on how to do it with IB.

http://www.interactivebrokers.com/html/webhelp/Making_Trades/bracket.htm
 
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