Emini divergence journal

Sick as a dog today. Going to try and hang in here.

ADX above 30 from last Friday.

First bar today made a low lower than all the run on Friday.

There is clear divergence.

This bar looks like the first up bar so going to go long at 8:40 if low is not taken out.

Keltner range is 5.9 so stop loss is 2.00 pts.

 

Long from 992.00 stop loss at 990.00.

 

Brave!

 

Stopped out 990.00.

 

PM:

Do two bars in a row with identical lows/highs meet your requirement for a higher low or lower high; or, does it not count toward a setup if it simply match's the prior bars high/low?

For example, the 8:40 and 8:45 ct bars have an identical bottom of 989.75 for the ES. However, technically speaking that is a match low and not a higher low.

Thanks in advance.

 

1. ADX crossed above 30 last Friday 8/22.
2. Divergence was easy to see. The open 5 min. bar continued the divergence with a lower price and higher chaikin.
3. First up bar completed on the 835 bar. Next bar became entry at start of 840. Entry at 992.00. Keltener width was 5.9 so stop loss was set to 2 pts. Stopped out same bar.

Entry Long 992.00
Exit Long 990.00

Profit(loss) (2.00)
Risk 2.00

Risk/reward this trade 0

Cumm. trades since 8/1

# wins 8
# loss 3

Profit of winners +41.25
Loss of losers -7.0

 

Where was the ADX when you entered the trade?

 

There would have to be a new high/low not a match.

 

44.5

 

No...just disciplined. I feel like #$@$. I'm going back to bed.