I use to use more indicators when I traded all day, but now that I trade so little, I use moving ave and volume. Plus, I only trade two markets now then few years ago. Yes, waiting for the crossover on stochastic is often late. I like to see "thrust" bar that is completely beyond moving averages to define trend and that often changes slope of the moving averages, so I also use slope and will also use close beyond last pivot.
ES Journal | Divergence918
- Thread starter Iwilldoit
- Start date
I use to use more indicators when I traded all day, but now that I trade so little, I use moving ave and volume. Plus, I only trade two markets now then few years ago. Yes, waiting for the crossover on stochastic is often late. I like to see "thrust" bar that is completely beyond moving averages to define trend and that often changes slope of the moving averages, so I also use slope and will also use close beyond last pivot.
The "thrust" bar is usually a green hammer candle? or a full green body with no tails?
then again I forgot you dont use candles.
@Handle123
Why did you use so many indicators if your trading mentality is based purely on price action?
To me "thrust" bar is a bar beyond the recent area and using moving averages quick way to spot when entire bar is beyond the moving averages. In 1978, only candles I knew about were for dinning room table, lol.
When I was younger I would have seven different charts open, it is far easily to monitor indicators once you truly understand there lag to current prices than be watching price bars. Now I don't have ability any more to track so many, I can watch ES/NQ pretty easy and so long as signals slow on Bonds, can take trades there as well, but I have all bond systems automated so when I trade it lesser volume.
No divergences on the 30/60, trend up day , not surprised due to the fact that I noticed the same phenomenon whilst backtesting: If its a trend day then less divergences.
@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum
@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum
TRADE ONE: LONG/ PROFIT/ HBLD/60/13H30
So on the 60 I see the stochs crossover to signal Hidden (Lane) Bull Divergence
13h35 I set my limit order to 66.25, TARGET= 68, INITIAL STOP = 64.75
EXECUTION
IN TRADE PERFORMANCE
→ but the OCO on my DOM is automatically set to 1 point above entry so I was filled on the same one min candle at the incorrect target of 67.25 (0.75 less my planned target)
WHAT I LEARNT
I wonder how this would of played out in a real live "money" trade?
@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum
So on the 60 I see the stochs crossover to signal Hidden (Lane) Bull Divergence
13h35 I set my limit order to 66.25, TARGET= 68, INITIAL STOP = 64.75
- According to my model, I was supposed to enter the trade at 13h31, but was not available at that time.
EXECUTION
- What is so wierd is that despite the fact that my limit order was for 66.25, I was filled on the 13h36 candle at 66.25 even though the low of that candle was 66.50? perhaps I was filled prior to the candle closing? I hope someone here is able to explain that to me.
IN TRADE PERFORMANCE
- Again things did not go as planned : I didn't have time to move my sell limit to the calculated target of 68.
→ but the OCO on my DOM is automatically set to 1 point above entry so I was filled on the same one min candle at the incorrect target of 67.25 (0.75 less my planned target)
WHAT I LEARNT
I wonder how this would of played out in a real live "money" trade?
@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum
Fridays are toughest for me, so I reduce trades, wait for market go till end of Swing ave before doing volume trades and stop taking trend trades near swing ave unless I am on roll. Tough to losses early in trading, have to do higher volume to get back even.
I do like NQ better for most of signals I do as seems easier to do well, but I can't do volume with on ES.
Now, time to do Starbucks, enjoy the weekend for those who are profitable and if you not it going to be another long weekend of work.
I do like NQ better for most of signals I do as seems easier to do well, but I can't do volume with on ES.
Now, time to do Starbucks, enjoy the weekend for those who are profitable and if you not it going to be another long weekend of work.
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I wonder how many trades this does each week and if it will show as profitable after 3,000 sample size.
Depends on how many divergences, but approximately 20 trades a month.
2. I am considering purchasing more data, so I can manually
backtest another 500 trades on excel3. There were more trade signals such as at the open this morning, but I wasnt available then ( I wish I was! )
4. Enjoy your starbucks? what kind you getting pumpkin spice latte?
@Handle123