Raj Jan 2008

rajt [17:18:39]> Light bulb moment of the day: Divergences in Direction of Trend -> Take trade blindly Demand Trade Location; Divergences against the Direction ofTrend -> Demand Confirmation ala U Buy or something....Pay up for confirmation......rajt [17:19:37]> Case in point this afternoon....We all knew there were Buy Divergences setting up on Higher Timeframe....I kept going long and getting stopped outnothing more frustrating....rajt [17:20:04]> Just waiting for a U Buy on TinyTF would have kept me out of all the stops and would have ridden the trend up.....

Raj Jan 2008:

rajt [20:08:56]> Lightbulb moment: Divergences in Direction of Trend are potential Home Runs; Divergences against Direction of Trend are High Risk Scalpsrajt [20:09:38]> Case in point ES yesterday: The whole AM, there were buy divergences, if one took all the buy divergences religiously one would have broken evenon the day.rajt [20:10:22]> There was 1 setup Sell Divergence that nailed the intermediate swing of the day...lead to retest and put the proverbial "Steak" on the dinner table....rajt [20:11:37]> Moral of the story: Do not look for Divergences agaiinst the Direction of Trend....Let the more experienced traders figure out....Divergence inDirection of Trend Dont Scxxw with it...1 clean Trade....