Emini divergence journal

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Quote from MarkB:



Thanks 3dog, that explains it. The time corresponds to exactly where that one tick shows up for me.

Any idea about the low on the 11:00 bar? (Since you seem to be a data guru :) )
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They reported a single trade of 973.10 at 10:57:12. So 973.10 looks correct for that 5 min bar.
I say 'looks' because the only way to really know what happened in a market like SP is to be in the pit as it happened.
 
No more trades today. I think tomorrow is a FED meeting. If that is the case then I'll only be looking for trades during the first 2 1/2 hours. I don't want to get caught up in any of the FED news.

Hopefully we'll see some clearer signals in the near future.

On a note about seeing the divergence. I want the price to set a new high or low after the ADX crosses above 30 and divergence exists between price and volume. I do this instead of taking the first down/up bar after the ADX crosses 30 and divergence exists to make sure there is momentum left in the trend. I've tried taking the first down/up bar before and set the stop above the high bar of the trend. I got stopped out many times when the momentum of the trend picked up (sort of like it's last breath). It's disappointing to miss a trade like the early one today. To me it was more frustrating getting stopped out only to watch the trade make money 10-20min. later.

Be back for more fun tomorrow.
 
Quote from Magna:

Nice trade, no_pm. Now I see why there was no divergence on my ES chart, looks like the SP was the "spikey" one this go 'round, since your 10:55 bar took out the low of the 10:45 bar, while on the ES the 10:55 bar had a higher low.
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on the 10:45 bar the ES spiked lower than the SP, down to 92.75,
versus the SP's 93.00 or 93.20 depending on whether your feed corrected the low on that bar. So it looks like the ES was spikier on the first low, the SP on the second low.
 
Question for ya no-pm:

Do you think that this same method could be traded with all signals the same EXCEPT, using double bottoms/tops with divergence instead of the few bar pullback with divergence ?

Thanks.
 
I think this journal is very well-written.

I have contributed charts with other traders before and trained after market close with this same problem experienced here.

Just had to stop.....unless we all use the same feed it will become frustrating to communicate. I do not mean to be negative, its just a discovery I made years ago.

I have not even tried here in Elite to share my systems as the diverse mix of traders here is awesome and they all use different feeds. And to properly share one must do what No Pm is doing.

You will notice ensign users, Investor R/t users and many tradestation users are on E-sig. This seems to be the best tier 3 providor and many futures traders use them.

As time progresses perhaps I will start sharing again. Thanks no pm for your effort. But you will see how frustrating this becomes for all.

Michael B.
 
I'm not really sure that Esignal is the best. Yesterday would be a good example. According to 3dog's research, IQfeed had the correct data.

Nevertheless, you make a very valid point. It's certainly frustrating and I'm glad that you summed up the problem, Electric. It's difficult for us to all be on the same feed for a variety of reasons. Perhaps in time we'll be able to overcome these difficulties. As no pm has said, there should be more clear divergences to observe.

Now that it's basically a given, I am going to stop cluttering the thread with comments about datafeed discrepancies, and just compare my charts with no pm's as he posts them. I'll only post a question or comment when seeking clarification on something posted.
 
Quote from tradersaavy:

Question for ya no-pm:

Do you think that this same method could be traded with all signals the same EXCEPT, using double bottoms/tops with divergence instead of the few bar pullback with divergence ?

Thanks.
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I guess my answer would be no. Double tops and bottoms with divergence is used in my advanced method. The ADX, entry criteria, stop loss criteria, and followup after entry are all completely different. I tried to adapt the basic approach to it but it didn't work.
 
No trades today. As I said yesterday, I'd only take setups within the first 2 1/2 hours to avoid getting caught in any of the FED-related trading.

In another thread I posted:

"Is there anything to be gained by me posting the daily account statement from one of my two accounts (minus account and trade identifiers)? If there is, I'll start a daily posting. I just figured that anyone that doesn't believe trade postings done within a minute of entry/exit is probably going to say the account statements are doctored as well."

I thought about this for a little bit. I currently switch between accounts to keep the balances about the same. I could just post all the basic trades to one account that sends me daily summary emails. I could clear out the trade and account identifiers and post the summary a day after the trades. About the only thing it would show is the effect of 2% risk on each trade and how it compounds. Would this add any value to this journal?

I'll be back tomorrow.
 
No-pm

There is absolutely no need for you to post your statements. If we were paying for your information it would be a different matter, but we are freely sharing ideas here. Anyone asking for that information is being extremely rude and should be ashamed.
 
I agree completely with MTG. Also anyone following your posts in real time can see that you are being fair and accurate in your reporting of what you're doing.
 
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