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
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
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 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
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 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 excel 3. 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