ES Journal Archive (2006 - 2008)

romik · May 16, 2006

that recent move up from 96.50 to 98.50 was on 1 minute bullish stoch div, I am telling you it has been working for the last 3 days on this 1 min divergences, all the time

romik · May 16, 2006

Also, is that a double top @ 1301 level range today @ 9.30 and 13.40?

Buy1Sell2 · May 16, 2006

Quote from romik:

Also, is that a double top @ 1301 level range today @ 9.30 and 13.40?

Yes and the RSI had the double top as well (Really just matched price) and that is why I added the second unit.

romik · May 16, 2006

OK, enough with the buying, let's see some sellers guyzzzz!!!

Buy1Sell2 · May 16, 2006

Quote from romik:

that recent move up from 96.50 to 98.50 was on 1 minute bullish stoch div, I am telling you it has been working for the last 3 days on this 1 min divergences, all the time

Have you been using divergences all along?

romik · May 16, 2006

Quote from Buy1Sell2:

Have you been using divergences all along?

I've been testing them and actually using them recently, mostly on 1min and 5min frames on stochastic

Trader273 · May 16, 2006

Quote from romik:

I've been testing them and actually using them recently, mostly on 1min and 5min frames on stochastic

I used to use a divergence system on a 2 and 3 minute chart. Divergence looked great in hindsight, but, at least for me, applying it in real-time didnt produce the results I thought it should. If you can get it work, more power to you. I'm just curious to see if you have traded using the divergence "live" or just looking at historical charts. If you can get it to work, more power to you.

-Nick

romik · May 16, 2006

Quote from Trader273:

I used to use a divergence system on a 2 and 3 minute chart. Divergence looked great in hindsight, but, at least for me, applying it in real-time didnt produce the results I thought it should. If you can get it work, more power to you. I'm just curious to see if you have traded using the divergence "live" or just looking at historical charts. If you can get it to work, more power to you.

-Nick

5 minute is more accurate, you are right about hindsight on short time frame divergences, a lot of the time there isn't enough time to jump at the opportunity, mostly obvious afterwards.

Trader273 · May 16, 2006

Romik,
I noticed that you are a candle trader, I am also. I tried to incorporate the divergence with the candles but found that i was having alot critieria that had to be met and missing too many trades. Is the divergence you use seperate from the way you trade candles or have you found a way to incorporate it?

-Nick

romik · May 16, 2006

Quote from Trader273:

Romik,
I noticed that you are a candle trader, I am also. I tried to incorporate the divergence with the candles but found that i was having alot critieria that had to be met and missing too many trades. Is the divergence you use seperate from the way you trade candles or have you found a way to incorporate it?

-Nick

if you don't mind I'll explain later today