Emini divergence journal

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rickty, no pm already walked us through a similar example. It was a valid signal.

Magna, I don't recall a rule regarding changing the order in those circumstances. Perhaps there's a post on it which slipped my attention though, will re-read. I entered at 990.75 with a stop loss placed at 993.00, got out at 983.75.
 
Quote from MarkB:

Magna, I don't recall a rule regarding changing the order in those circumstances. Perhaps there's a post on it which slipped my attention though, will re-read. I entered at 990.75 with a stop loss placed at 993.00, got out at 983.75.
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Congrats, you got in at the absolutely ideal entry, good job. Problem is, because of the Keltner width, the stop was 2.25 pts. With your entry it meant placing it at 993.00 which was exactly at the hod. If I remember correctly, no_pm always wanted to place his stop outside the hod. And that was my problem, do I extend my stop (to 2.50 or 2.75 pts) or do I try and get in at a better price. Unfortunately I tried the latter and while my offer was hit it wasn't filled. If price had retested the hod you would have been stopped.
 
According to my charts, and the CME, the high of the day was 992.80

SEP03 992.00 992.80 983.20


So the retest issue didn't occur to me, although at 2 ticks (SP)difference between the hod and my stop, it was a little hinky looking. Especially because I have an aversion to placing stops on round numbers!

I'm talking about the SP though, not the ES. Perhaps that's the difference? Although I'm showing 993.50 as hod on ES day session.

Of course I'm not trading SP, but using it to generate the signals.

At that point on my S&P chart, the Keltner range was 6.95/3=2.32, so the stop came out to 993.07, which I rounded down to 993. Probably should have rounded it up to 993.25 for a little extra room.

Wonder where no pm is. Maybe he got bittten by MSBlaster. Hope not!
 
Quote from MarkB:

rickty, no pm already walked us through a similar example. It was a valid signal.

Magna, I don't recall a rule regarding changing the order in those circumstances. Perhaps there's a post on it which slipped my attention though, will re-read. I entered at 990.75 with a stop loss placed at 993.00, got out at 983.75.
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Mark & Magna,

do you follow the SP03 or ES03 ?

if the short entry was 90.75 with stop 2.5 away, it would be 93.25 and this is .25 above high , imo

thanks
 
Quote from MarkB:

According to my charts, and the CME, the high of the day was 992.80... I'm talking about the SP though, not the ES. Perhaps that's the difference? Although I'm showing 993.50 as hod on ES day session.

Of course I'm not trading SP, but using it to generate the signals.
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I've got the hod on the ES at 993.00 (made on the opening 5m bar). In any case, while the SP may generate the signals, the entry and stop are placed on the ES. And in this case you placed your stop at the hod (or with your numbers .50 below the hod). That's why I'm curious how no_pm would've approached it.
 
Quote from hit_n_run:

Mark & Magna,

do you follow the SP03 or ES03 ?

if the short entry was 90.75 with stop 2.5 away, it would be 93.25 and this is .25 above high , imo
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I've got the stop 2.25 (1/3 the Keltner width), and that places it exactly on the hod (with the 90.75 entry) or below the hod (with a 90.50 entry). In either case I tried to "push" it a little bit to get the stop above the hod, and it cost me.
 
MarkB,

Could you post a chart of your trade,
(good trade dude). I've only got the ES
and while these no_pm setups have been pretty close, today's was not.
I didn't see any DV on my 5m ES chart.
Appreciate it if you have time.

jd
 
Yeah, let me get the chart from the other machine. Won't be as nice and neat as no pm's though, I don't have the skill.

Now this setup which just occurred, I skipped. Seemed the price was too far into the Keltner. I'm still unclear on that part of this, when to wait for a retest. no pm said something about the price traveling a third of the range cancelling the setup. I'll have to read back through.
 
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