ES Journal | Divergence918

Iwilldoit said:
TRADE ONE: LONG/ PROFIT/ HBLD/60/13H30


View attachment 158547

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.
EXIT


→ 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
More...


Not happy with this trade at all, didn't go as planned: didn't enter the trade when the model dictated, didn't move my target order fast enough >> price just moved too fast after I was filled.


WHAT TO IMPROVE ON FOR NEXT WEEK:

  1. Make sure your computer is running more efficient?
  2. Be prepared for every trade: as soon as divergence confirms, you should be at the computer: calculate the target as early as possible, and be prepared to move limit orders faster> expect price to move rapidly as soon as you are filled.




@Handle123@Redneck@NoDoji@Buy1Sell2@aquarian1@Gueco@pak@slugar@zbestoch@dratsum
 
Weekly Summary

Profitable Trades

1

Losing Trades

1

Win Ratio for week

1/1= 50%

Cumulative Win Ratio

4/7= 57%

Total Points for the Week

0.00
 
TRADE ONE: LONG/LOSS/ BLD/60/11H30

PosttoET.jpg






11h44 I set my limit order to 60.00, TARGET= 62.75, INITIAL STOP = 59

  • The thick pink line in the picture is the resistance.

EXECUTION

  • Was filled at 60 at 11h45 →

IN TRADE PERFORMANCE

  • Price went up and met resistance at 61→ then around 11h51 → price started to drop

EXIT


→ was stopped out at 59.25 (even though my stop was at 59?)




WHAT I LEARNT


I wonder how this would of played out in a real live "money" trade?

  • Then I realized divergence HBRD/30/12h00 was setting up and started preparing to take that setup

@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum
 
Brutal day, 3 consecutive losses........one a critical judgement error of divergence on my part.....will post last two trades later
 
TRADE TWO: SHORT/LOSS/ HBRD/30/12H00


PosttoET.jpg


  • For some reason, I thought I recognized Hidden divergence on the 30min at 12h00>> but I was gravely mistaken, I have been working with stoch divergence for the past 2 years, there was no excuse for this mistake.



12h03 I set my limit order to 55.75, TARGET= 53.75, INITIAL STOP = 57


EXECUTION

  • I noticed price wasn't going to go through 55.75→ so I dropped my price to 55.5 in order to get filled → was filled at 55.5 at the 12h04 candle.

IN TRADE PERFORMANCE

  • Price droppd all the way down to 54 → this was one of those trades where you are one tick away from hitting the target, then price turns around and goes back up to stop you up.
  • moved my stop down one tick to 56.75.

EXIT


Price found support at 54→ then increased until I got stopped at 56.75.




WHAT I LEARNT


I wonder how this would of played out in a real live "money" trade?

  • Make sure you have proper divergence set up!!

@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum
 
TRADE THREE: SHORT/LOSS/ HBRD/60/12H00


PosttoET2.jpg






12h31 I set my limit order to 55.5 (yes same as Trade Two), TARGET= 52.5, INITIAL STOP = 56.5


EXECUTION

  • Filled at 12h32 at 55.5

IN TRADE PERFORMANCE

  • Price dropped all the way down to 54.5 at 12h35 → this was when I dropped my stop to 55.75

EXIT


Price reversed at 12h36> then there was that huge green candle→ and I got stopped at 55.75




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
 
RULES BROKEN FOR TODAY


Trade 2> Lowered my entry limit order to 55.5 from 55.75: should of just left the entry limit order at 55.75...and wait for price to retrace back up to fill me.


Trade 2> Thought there was Hidden bear divergence at 12h00 on the 30: I have to be "cock" sure that there indeed exists a divergence. This was a rookie error, and I should be performing at a higher level.
 
TRADE ONE: SHORT/LOSS/ BRD/60/13H30





  • Yes I know it may of been foolhardy of me to take the trade in front of the FOMC announcement> but hey I trade this model regardless.
  • In this particular case, I considered Bearish divergence on the 60, despite the fact there was no crossover on a close



13h31 I set my limit order to 72.25 , TARGET= 70.75, INITIAL STOP = 73


EXECUTION

  • Filled at 13h33 at 72.25

IN TRADE PERFORMANCE

  • Price moved sideways found support at 71.75 then at 13h40 → price shot up and stopped me out

EXIT


I got stopped at 73→ then it was all green candles and seemed to be parabolic uptrend




WHAT I LEARNT

1. Never place a trend within an hour before a FOMC announcement?


I wonder how this would of played out in a real live "money" trade?


@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum
 
TRADE TWO: SHORT/LOSS/ BRD/30/14H30




PosttoET.jpg




14h35 I set my limit order to 59 , TARGET= 51.75, INITIAL STOP = 63.25


EXECUTION

  • Filled at 14h35 at 59→ Smooth execution I'd say

IN TRADE PERFORMANCE

  • Again price quickly reversed

EXIT


  • I did not move my stop→ let myself get stopped out at 63.25
  • Looks like I got caught in the short covering.




WHAT I LEARNT

1. Perhaps shouldnt be trading such a volatile time?


I wonder how this would of played out in a real live "money" trade?


@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum
 
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