ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Clear bearish divergence with RSI now at 1.06 at 1306.75
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Now there is another clear bearish RSI divergence at 1309.25 14.06EST bar. This one includes MACD divergence which is generally more powerful than RSI divergence.
 
We should compare notes lol, I had a bullish entry signal at 1309.25 and was watching to enter and got a phone call. I got off the phone and saw the ES at 1311, I almost kicked the phone out the window lol....



Quote from Buy1Sell2:

Now there is another clear bearish RSI divergence at 1309.25 14.06EST bar. This one includes MACD divergence which is generally more powerful than RSI divergence.
More...
 
ppfff, really wicked today...

I`m sorry to say I´m not able to post trades in realtime, to distracting for me.

May be it`s of interest either where and why i entered. Cause my vy bullish sight i looked for a 2 cycle retracement, a meaningful pullback in a strong trend are 2 lows, so i entered a limitorder at 1304.5, i wanted to buy a break under the last swing low, I´m not good in profittaking, still long with stop 1306.5, looking for MOC exit
 

Attachments

Today's PnL:

1. -$1,625
2. -$125
3. +3,375
4. +$350
5. -$350
6. +1,125

Gross Total: $2,750

Commissions: $218
X_Trader Fees: $25

Net Total: +2,507

OK, guyzzz. I gotta go out, I'll respond to questions, if there are any later tonight.

What a day!

Romik
 
Quote from optioncoach:

We should compare notes lol, I had a bullish entry signal at 1309.25 and was watching to enter and got a phone call. I got off the phone and saw the ES at 1311, I almost kicked the phone out the window lol....
More...


What I think this points up is that my bearish divergence signal is nowhere near as strong on a short chart like a 12 minute chart. They are more powerful on longer term charts. They still can be traded as a probe with a tight stop . In fact, if a person was looking for 2 points, there was ample opportunity on the signals that I called today. Unfortunately , I will be looking for much more when I get back to real money intraday. (Right now just testing and refining on paper as you know).
 
I will be posting a chart later today of what I believe the entries and exits would have been for me at this stage of system development. I will do my best to stick to the rules and not see something that the system did not. Otherwise it will be meaningless and won't help me one bit. There were good and bad trades in the system today. I will include the additional refinement added today of double bottoms in RSI. The analysis will include no stops for now. It is simply reversal entries etc.

As of right now--there is a sell signal on bearish RSI and MACD divergence at 1314.25 --15.42 bar.
 
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