Emini divergence journal

Magna · Aug 29, 2003

no_pm, in that situation what do you do when there's clear divergence from yesterday's swing high (14:50) to today, but only looking at today between the swing highs made on the 8:55 bar and the 9:25 bar I don't see any divergence on the SP.

no_pm_please · Aug 29, 2003

Quote from Magna:

no_pm, in that situation what do you do when there's clear divergence from yesterday's swing high (14:50) to today, but only looking at today between the swing highs made on the 8:55 bar and the 9:25 bar I don't see any divergence on the SP.

I was using yesterday's swing high because the chaikin hadn't closed above that high point. The 9:25 price was above yesterday with a lower chaikin. The early up move is a continuation of yesterday's trend, so I felt comfortable using the chaikin from yesterday.

MarkB · Sep 2, 2003

Unless I'm mistaken, no pm's method generated a good trade this morning at around 9:55 EDT. The divergence looked just a little dicey though. Anyone else see this?

Mark

dbphoenix · Sep 2, 2003

Quote from MarkB:

Unless I'm mistaken, no pm's method generated a good trade this morning at around 9:55 EDT. The divergence looked just a little dicey though. Anyone else see this?

Mark

I'm using a variation which trades the NQ and uses different indicators, but, yes, there was a clear divergence, entry on the NQ at 48.5, the 0950 bar.

MTG · Sep 2, 2003

MarkB

I saw it but did not take because it was just before the ISM number.I use a bit different indicators for divergence than No-PM does. I saw Divergence on money flow but not the CCI

dbphoenix · Sep 2, 2003

Quote from MTG:

MarkB

I saw it but did not take because it was just before the ISM number.I use a bit different indicators for divergence than No-PM does. I saw Divergence on money flow but not the CCI

I used to avoid entries at these times for the same reason, but reactions have been so muted recently that I no longer consider reports as a criterion. Even Consumer Confidence and Michigan Sentiment don't create the excitement they used to.

jcgcap · Sep 2, 2003

I did not see it on my feed using no pm chaikin ocillator and the ADX 14/30 set up.
I am experimenting with the 8/30 DMI/ADX as well and this produces quite interesting confirmation signals in the light of what DBPhoenix said in his most recent messages.
May one of you could post this divergence for me to find out why I did not get it...

J.C.

dbphoenix · Sep 2, 2003

Quote from jcgcap:

I did not see it on my feed using no pm chaikin ocillator and the ADX 14/30 set up.
I am experimenting with the 8/30 DMI/ADX as well and this produces quite interesting confirmation signals in the light of what DBPhoenix said in his most recent messages.
May one of you could post this divergence for me to find out why I did not get it...

J.C.

Sorry. I neglected to mention that I use 10 rather than 14. And I think I mentioned that I don't use Chaikin.

MTG · Sep 3, 2003

I took trade at 1015, seemed to meet parameters. Actually had to wait to 1017 to get stop to fit.
I used the SPY in at 103.16

dbphoenix · Sep 3, 2003

Quote from MTG:

I took trade at 1015, seemed to meet parameters. Actually had to wait to 1017 to get stop to fit.
I used the SPY in at 103.16

Do you show the second high penetrating the KBs?

Emini divergence journal

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