ES Journal | Divergence918

I

Iwilldoit

Hi there ET member,

So I am very proud to announce that this is my first journal ever, despite having been "trading" for the past two years.

I will mention that this is a live sim journal, not a "real money" journal.

My model is based on stochastic divergence.

I have traded the ES for about a year and the other year was backtesting.

Due to professional and personal commitments I will not be able to post everyday.

For obvious reasons, and that I have an offline journal, I will not be posting trades in real time (but as soon as the trade is done).

I appreciate honest posts , ie constructive criticism.

Please keep posts professional (and conduct yourself like one) , any childish arguing, and I will ask Baron and the mods to remove you from my thread.

Thank You so much for participating in my Journal.


@Handle123 @Redneck @NoDoji @Buy1Sell2 @aquarian1 @
 
Hi Iwilldoit,

Sounds like a great thread and journal.
I have only two questions.

1. Are you day trading because you mentioned that you have commitments, which I assume you have a daily job.

2. Have you been profitable trading the system? If yes, what is the performance like?

Good luck.
 
Iwilldoit said:
...I have traded the ES for about a year and the other year was backtesting...
More...

Hi Iwilldoit,

I'm curious, why did you select the S&P 500 Emini ES futures as your trading instrument versus other popular futures trading instruments ???
 
wrbtrader said:
Hi Iwilldoit,

I'm curious, why did you select the S&P 500 Emini ES futures as your trading instrument versus other popular futures trading instruments ???
More...


B/c ive traded the ES before, for a year , and that is the instrument im most comfortable with.

Also , my commissions for stocks are a lot higher than for futures.
 
Columbus Day-

little volume, no stochastic divergence setup , therefore no trades...


NOTES

- find and download a stochastic divergence indicator which will alert me and therefore make it easier to find divergences .

- spend more time trading this on Market Replay.




@Handle123 @Redneck
 
carrer said:
Hi Iwilldoit,

Sounds like a great thread and journal.
I have only two questions.

1. Are you day trading because you mentioned that you have commitments, which I assume you have a daily job.

2. Have you been profitable trading the system? If yes, what is the performance like?

Good luck.
More...


1. I am day trading b/c I want to be a successful trader, and earn a living from the profession

2. I have backtested the system, and the metrics has passed my specific requirements.
 
Trade One: Short/Profit

Trade1.jpg

Went short at 2003.25 (placed limit order at 2.25) at the 1min candle of 13h32, it somehow filled me at 3.25? (yes its a SIM Demo).

Initial Stop at 4.5, after I noticed the long red candle's high at 13h36 was below the signal candle at 13h32 > I dropped the stop to the high of the 13h32 candle to 3.75 .

As you can see the little blue candle at 13h38 shows that I was filled at my target at 2000.25, but I want the readers of this journal to realize I will only consider a fill if prices drops below one tick of my target.

From my experience of trading the ES, I know that you cannot be filled if price briefly touches 2000.25 (your target).

Therefore I "held" the trade until price penetrated through my calculated target of 2000.25 at the 14h01 candle.

It was a little scary that price went adverse and hit 3.5 (nearly hitting my stop of 3.75) .......but pyschologically I'm like "if I get stopped out no big deal"

So first trade was profitable, let me not let that get to my head (as in the past)

@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
 
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