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.

Thursday, July 22, 2010

Divergence Trade of 3's further documentation

Added new documenation to a very typical trade that I do. Please check it out and post any comments or feedback on this post.

~Happy Hunting~

Trade Type 2

Friday, July 9, 2010

Count/Chart update

Sorry to be away from blog posts lately. I have had some family medical issues to deal with. Here are some charts of my current thought/count. Also, I am going to date stamp my public chart going forward if you follow them. I had some time this morning so I updated all of my public charts so make sure to take a look.