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Price to Indicator DIVERGENCE :
The MACD TURN set-up
Bracket order scalping
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Price to indicator divergence
Histo Divergence and Stochastic Hook
Stochastic TA paint bar entry signal
Buy-stop scalping... bits & pieces at a time
A Winning Runner Trade
Feb 2022 The markets seem explosively volatile as of late.
I'm testing a different entry system for Long entries...using Buy-Stops
View many trade examples on my blog (link)
A Simple method:
A Winning Scalp Trade
Momentum Scalp using stochastic Signals...
Some days it works 75% of the time while keeping the ones that don't from eating your lunch.
You have to stay on you toes to close the trade out at a second's notice...
Time frames, paintbars and stochastic
$135 in 10 minutes
SIGNALS work sometimes but there's no guarantee
Just missed the entry - (happens very often)
The Left hand Trade-chart was showing slight Price to indicator divergence in the Mac Histo and in the stochastics...the limit order was placed at the current price
but it immediately popped up before it could be filled and
never dropped back ... came close but that only works in horse shoes
One more time !!!
Withstanding large draw-downs for large gains ... Ya just gotta guess when to hold 'em and when to fold 'em...
An entry order placed at point A required holding through a $45 drop
An entry order placed at point B required holding through a $20 drop
Price eventually had a great run-up of well over $200 from either entry point
Trade chart perspectives - same Ticks per bars
Just hate when stopped before a good run
Divergence can often be a great leading indicator ...
This example shows 3XD - - Stochastic, MACD moving averages and MACD histogram all diverge from price.
A Buy Stop order appropriately placed resulted in a good fill and a nice move.
$280 runner after SignalBar prints
Brackets with Trailing Stops can help or hinder
Stochastic - BUY oversold & Sell overbought ...
A custom "ShowCase" indicator to highlight the candlestick outline when it's formula kicks in.
Price to Indicator Divergence ...happens
...sometimes you get stopped just before it runs
...sometimes you win...
Stochastic Hook scalping
Slingshots are commonly recurring trading patterns
Stochastic Hook scalping - simple paintbar Buy signals
A yellow diamond gets applied on the Stochastic TA indicator and also highlights the bar outline:
Formula used input<18 & input[3]>input & input>input[1]
The power of repeating patterns
Watch for divergence and the 1-2 punch pattern
Playing stochastic for reversal scalps . . . take the meat of the trend then run.
Get a feel for the price gyrations to set your bracket levels and use Buy-Stop orders above current price
Price action is usually too fast during most of the main futures session to adjust your positions manually -- the above example
was captured after the majors close which allows for easier documentation of the stochastic scalp method.
A reliable repeating pattern to take advantage of
Scalping with Bracket Orders and Buy Stops ... this is an example where the Signal Bar
was missed but it can still be used as the order placement level a few bars later.
Study Signal Trade...use BUY Stop Orders with auto-brackets
Entry and result ... +10 points
Entry and result combined with the longer term - all are 20 tick-per-bar charts
Not great but better than losing
Consider the quick IN-and-OUT scalping methodology---It works!
Don't you you hate it when you get filled only to see price move up
just a little before dropping like a stone?
The use of BUY STOP bracket orders often keeps you out of price DROPS
and a auto-rising bracket TRAILING STOP often lowers your loss on a POP-and-DROP
Coulda-Shoulda-Woulda
Signal-Bar trade starting Monday's session with a WIN
Nice little runner for $145
3 out of 5 ain't too shabby
Signal-Bar...entry-order bracket with fixed STOP and discretionary TARGET ...
Sometimes setting the initial bracket order without a fixed upper target can pay nicely.
The 1st trade --
Instead of netting just $33, often well over $100 becomes available.
The 2nd trade --
STOPS are always used...never let a trade loss get away from you
DIVERGENCE is your friend : a LEADING indicator
Signal Bar scalp method
PRACTICE or TEST TRADES...for gauging today's "Market Mood"...
Every day is different but some days are better for Signal Bar scalping than others.
TEST TRADES can help determine when to scalp and what to set your bracket levels to.
Keep track of TEST TRADES to enhance your "feel" for the current session's market mood.
TESTing, testing ... some examples from the above list
A pretty narrow range day so far this morning:
Signal Bar Bracket orders with Trailing Stops ...
more often than not are the better choice for scalping
Entry Triggers and Bracket order type options
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Definitions of the terminology used most frequently in the posts and on the charts:
[HH, HL, LH, LL] - Higher High, Higher Low, Lower High, Lower Low
[P/A or Price Action] - description of price movements, i.e. a series of HH's & HL's describes an up trend
[TLB] - Trend Line Break...[TLB-retest] - price returning to the level at which it broke a trend line
[Divergence] - Price going one direction while indicators do the opposite
[2xD] - two indicator divergence...[3xD] - three indicator divergence
[RD] - reverse or hidden divergence...example: price making a HL while indicator(s) make a LL
[DIV] - divergence . . . . . . . .[MT] - MACD EMA slope...MAC Trend
[MOF] - Money On the floor, a pull back that reverses before reaching a previous low...
(often it's the first HL that marks the reversal of a down trend)
[Slingshot] - describes a pattern in the stochastic indicator, usually from the over-sold area...aka SLING
[2B Dragon or 2B] - a specific double bottom pattern where features of the mythical creature can be described:
Starting on the upper left of the chart - a 'Top-of-Tail' followed by 'rear feet' + 'front feet' with a 'Hump' in between
followed by a consolidation area that defines the dragon's 'Head'
Indepth explainations and details of my terminologies can be viewed on my blogs.
Blog links are listed on my profile page.
Also visit my other boards here on iHub...
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