ES Journal Archive (2006 - 2008)

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Quote from romik:

re-entered @ 1251 based on hourly BLD
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I didn't see that on hourly chart--Which indicator? I certainly see it on the romik 1,2 and perhaps 3 and definitely on 5 , but not on hourly.
 
My belief is that divergences are generally better when the peaks occur 10 to 20 periods or more apart from each other, which you have on everything from 15 minutes on down.
 
Quote from MONACO11:

Excellent spot Romik...

Monaco
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Yes nice call Romik! --Although I would disagree as to the time frame that it is viewed on. I think it was on much shorter time frames and I don't see it on hourly right now.
 
Quote from MONACO11:

Excellent spot Romik...

Monaco
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I don't want to be negative but you only know after the trade is finished whether the spot was excellent or not.

The hourly is still short so i personally think the money has to be made by going short, not by going long.
 
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