trendisyourfriend 

Has any of you took this trade on the Euro at around 10:23 EST ?

DB or IHS is there w/standard divergence.

GM Traders,

We are off to a better start this morning, here my setup this morning with the 1508 pulling back after a LL

Followed by what was a HH in price followed by a double top divergence on the 377



Charles

Charles - I think the LIFFE got sent your blueprint for how to run a trend last night. Too bad I slept all night but it looks like it was a profitable one for 6E traders with this strategy. I haven't looked more closely at the 377 yet but it looks like 5 or 6 potential setups on the 1508. Highlights the importance of patience for me...

Hi CJ,
Great thread and thank you sharing! I was wondering if you have time to look at the YM and see what fits for any 2 time frames that you would feel comfortable trading. I am looking at 144 and 576T charts. I trade a similar retracement, but your usage of the higher time frame to me is perfect. I must admit my patience is not a yours...but looks like I have somethings to work on to get my % higher. Once again, Thank you...for taking the time to start this and say with it. take care,-mark

cjbooth 

GM Traders, We are off to a better start this morning, here my setup this morning with the 1508 pulling back after a LL Followed by what was a HH in price followed by a double top divergence on the 377 Attachment 41809 Attachment 41810 Charles

Nice example of an ABCD correction on the ES for this approach.

tradermark2009 

Hi CJ, Great thread and thank you sharing! I was wondering if you have time to look at the YM and see what fits for any 2 time frames that you would feel comfortable trading. I am looking at 144 and 576T charts. I trade a similar retracement, but your usage of the higher time frame to me is perfect. I must admit my patience is not a yours...but looks like I have somethings to work on to get my % higher. Once again, Thank you...for taking the time to start this and say with it. take care,-mark

I will try to look at this over the weekend for you. Ive never traded the YM so I am not famaliar with the nuances of it, but will take a look for you

Charles

cjbooth 

As I have mentioned by initial stop is never more than 12 ticks

If anyone wants an indicator that will plot a semi-transparent rectangle on your chart, I have created one! So you can define the upper and lower limit, the width of the box as well as set the transparency of it.

So you can see if your entry will have your stop where you want it.

Maybe something that would be interesting to have is the possibility to place an horizontal line to trigger an order to buy or sell accordingly when price crosses and closes on the other side of this line. With the possibility to set a tolerance value in case the close occurs too far from the line. This way we could align a line with the top or bottom of the cloud and we would let the software do the rest, ie, trigger a buy or sell if price closes above/below the line no more than a certain distance away from it. That would be a nice addon for this strategy. To cancel this function we would just need to delete the line from our chart.

trendisyourfriend 

Maybe something that would be interesting to have is the possibility to place an horizontal line to trigger an order to buy or sell accordingly when price crosses and closes on the other side of this line. With the possibility to set a tolerance value in case the close occurs too far from the line. This way we could align a line with the top or bottom of the cloud and we would let the software do the rest, ie, trigger a buy or sell if price closes above/below the line no more than a certain distance away from it. That would be a nice addon for this strategy. To cancel this function we would just need to delete the line from our chart.

That indicator exists, I have seen it somewhere before, in a vendor webinar. Great for trend line break traders.

monpere 

That indicator exists, I have seen it somewhere before, in a vendor webinar. Great for trend line break traders.

Probably ThatManFromTexas has the answer or a working solution.