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Friday, July 23, 2010

Current Trade

This is one of the more complex things I need to figure out with the Divergence Trade of 3's system is when to exit a losing trade. I know for sure that exiting when (if short) bearish divergence is broken. Not all indicators that I use are the same and some will still show bearish divergence and some are broken. Eventually I will exact which indicators to follow to leave a losing position.

When shorting especially bull rallies can be very low slop for a very long time. My system tends to work better when entering a long potions from a bear run. I expect that I will have to make different rules for short/long positions because of this fact. I'm still in study, make mistake, document and update rules mode. Nonetheless, I'm still short and here is the chart that I'm looking at the most. Trade of 3's (5,10,15) minute charts. Here is the 15 minute the biggest picture.

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