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I have been working on something similar. The research looks promising, but when it comes to actual trading, the results are not that great
I was wondering if Tiger or anyone else could shed some light on what the problem maybe?
Chart Setup:
plot 1 - ES 5 min
plot 2 - 4 period moving average of 3 min $TICK
*Plot 1 also has the same 4 period sma.
*$TICK(NYSE TICK) chart is hidden not shown.
This morning at 10:55 AM EST. I correctly identified a negative divergence between price(ES) and TICK moving average.
After putting in a high, when ES rallied back up towards 1226, TICK ma failed to confirm the move.(see the purple arrow).
Given the above, how would you have traded the ES?
I think I am having trouble with this since the analysis is based on something other than price. This divergence can last a while, can also show up early as was the case with the second 'signal' at the bottom.
Although not trading TICK divergence yet. All three setups looked good today. There appears to be a need to use wide stops and give the mkt room for the trade to play out.
tigertrade, what trades would you have taken today? Thanks
Didn't really pay much attention to the ES today, because of the FOMC meeting; sat on my hands most of the day. Traded the curve and got short the NOB; seemed more relevant for the day.