ES Journal | Divergence918
- Thread starter Iwilldoit
- Start date
Indicators can go forever, otherwise an indicator reading from two years you will say is divergent to currently, at some point indicator reading has to start over, and I have found for past 25 years that went it goes to other side of 80/20, anything to left don't exist. This doesn't say my way is only way, there are others who use this indicator who am sure can give other pointers, but I have never gotten low enough losing percentages using Stochastics, either my fault of never finding out the whys or they not there. But I like indicators based on closes or changing an indicator like RSI and using lows below 50 and highs above 50. Many use RSI and use it wrong comparing highs/lows when they should be comparing closes.
Making comparisons going back 14 bars does not make sense to me.
Attachments
Here is the divergence without the status bars blocking it:
ES Journal | Divergence918
The stochastic top is at 90.6
@Handle123
Based on my experience I do not see divergence
TRADE ONE: LONG/LOSS/ BLD/30/11H00
11h11 I set my limit order to 87, TARGET= 94.5, INITIAL STOP = 4.75
EXECUTION
IN TRADE PERFORMANCE
EXIT
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 @wrbtrader
- I realized there was BLD on the 30 at 11h00
11h11 I set my limit order to 87, TARGET= 94.5, INITIAL STOP = 4.75
EXECUTION
- Price dropped up to fill my limit order at 87 at 11h12 (USING the DOM) →
IN TRADE PERFORMANCE
- Looked like a fake move up around 11h14 → started to feel happy thought price was eventually going to break out.
- I looked at the DOM→ there seemed to be more orders on the sell side vs. the buy side→ so I start to think I am on the wrong side
EXIT
- Nevertheless→ I kept my stop at 84.75 (I only move my stop up)
- Then price dropped like a rock in an ocean →where I got stopped out at 85 (strange?)
WHAT I LEARNT
- mmmmm maybe @Handle123 is right→ stochastics arent a reliable indicator
I wonder how this would of played out in a real live "money" trade?
@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum @wrbtrader
TRADE TWO: LONG/LOSS/ BLD/30/11H00
11h32 I set my limit order to 84.5, TARGET= 91.75, INITIAL STOP = 82.75
EXECUTION
IN TRADE PERFORMANCE
EXIT
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 @wrbtrader
- Yes I went against my rules and decided to reenter this trade → noticed 9EMA crossing over the 18SMA
11h32 I set my limit order to 84.5, TARGET= 91.75, INITIAL STOP = 82.75
EXECUTION
- Price dropped down to fill my limit order at 84.5 at 11h33 (USING the DOM) →
IN TRADE PERFORMANCE
- Price moved up well → started to feel this would be a profitable trade
- As soon as I saw the green candle at 11h34→ I decided to raise my stop to 84
EXIT
- Then for some God known reason price dropped below the 9EMA, below the 18SMA→ and I was stopped out at 84.25 (even though my stop limit was set at 84?)
WHAT I LEARNT
- Maybe my stop strategy is flawed? Maybe I should redesign the stop to withstand the first retracements?
I wonder how this would of played out in a real live "money" trade?
@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar @zbestoch @dratsum @wrbtrader
@zbestoch @Handle123
Hard to me to figure out this question/riddle.........I'll take a guess and say Price Action? please give me a hint
At the moment, the day's high on the S&P 500 is 2101 and the day's low is 2083. What does 2083-2101 represent? If you subtract today's low from today's high, what does that value represent?
It is the area where price traded.......the trading range? the price action?
Sorry I am not sure what you are trying to get at.
@zbestoch @Handle123