I'm a bit weary of most of the trades that don't have a standard divergence present, as it seems since I've been messing with this I've been burned too many times by the NON-divergence trades.

Still trying to find that happy medium of a easy to spot trade, along with a setup, and stop management strategy that appears to win more than loose. So far though, most of the trades I have found have stopped me out.

--------EDIT - disclaimer--------------------------------------------------------------------------

I would just like to mention that any of my posts ARE NOT meant to somehow be a negative indictment on the thread or the concepts discussed. In thinking about it, I can see how someone may interpret what I say as me attempting to somehow bash the concepts in the thread.

I can assure you that IS NOT the case. I am simply posting my personal observations, in hopes that someone can either point out something that I am over looking, or maybe someone else has had a similiar observation or problem and maybe something I post helps someone else out.

while the chart change is impressive, similar to the artificial results that a "no gap range bar" indicator has on charts in contrast to just having range bars,

while its impressive, it would be more beneficial to perhaps justify why you see, or would take or consider taking 9 trades off the 1508, nothing lengthy, just an explanation, such as:

a) retrace into the 13 sma
b) double bottom and divergence on the stochs

or something like that, because replay and review rarely translates into live session action, and Charles' method is a preservative one, where conservative analysis keeps one out of chop and protects ones' account, instead of being more active, or going for less than 21tick goals

Short trade #6
Although we do not see new LL forming, price is making LH and price reversed at the clooud and MA. This trade might have given a break even result but certainly not a losing trade. For someone able to suffer some heat (minimal IMO) it would have given a winning trade.


Long trade #8
Reversal setup where price makes a HH and retraces to the MA(13).

Long trade #9
HH with retracement to MA(13). Again, this trade might have given a break even result based on the individual management.

Trend is Your Friend-

Thanks for your post. Could you please direct me to a thread about :momentum bars. What is the difference between them and range bars?

Thanks

Wound up being a BE effort.

But we had a DB on the 1508, slight divergence on 377, then a minor divergence at the lows. Entry above cloud. There was a round number above. Could have used the dojis that formed near the top of the move, but I was waiting for a higher close.

BE+1 wound up getting hit. Have been trailing on under superTrend by 2 tics, till I get to BE +1, then letting it go until reversal bars form in my direction.

Yes i understand. It was just a quick test i did for my own benefit and i wanted to share it. Basically, all the setups identified on the charts have occured at areas as defined in Charles's framework, ie, a HH or LL followed with retracement to the MA(13) or cloud on the longer term chart (1508). But to be more precise i have written these notes:

Long trades: #1, #2, #4
HH and retracement to MA(13)/Cloud.

Short trade #3
Reversal setup where price makes a LL in the cloud and retraces to the MA(13) and top of cloud.

Short trade #5
LL with retracement to MA and cloud. This trade is stretching Charles's rules a bit as the pullback was deep into the cloud but if you look closely, price reversed in the middle of a previous swing low that formed into the cloud. Basically we have a classic breakout of support, retest and previous support becoming resistance.

Short trade #6
Although we do not see new LL forming, price is making LH and price reversed at the clooud and MA. This trade might have given a break even result but certainly not a losing trade. For someone able to suffer some heat (minimal IMO) it would have given a winning trade.

Short trade #7
LL with retracement to MA(13).

Long trade #8
Reversal setup where price makes a HH and retraces to the MA(13).

Long trade #9
HH with retracement to MA(13). Again, this trade might have given a break even result based on the individual management.