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Flag trading the trend

  • #3,661
  • Apr 19, 2011 9:56am Apr 19, 2011 9:56am
I took the recent EU 123 long. 13:30 gmt entry bar.

What happened here was something I'm starting to see as a pattern.

While waiting for the SUB to be eclipsed by one pip, the price jumped beyond one pip instantly, so my fill was 2.5 pips further than I tried for. This made waiting for price to make it's move to my target, very nervy. (My therapist will like this!)

1. My question here is has anyone else noticed this?
&
2. Is there a significance related to this phenomena? In other words are trades that experience this effect, more or less likely to continue to profit target?
++++++++++++++++++++++++++++++++

"The indispensable first step to getting the things you want out of life is this: decide what you want." ~ Ben Stein
  • #3,662
  • Apr 19, 2011 10:12am Apr 19, 2011 10:12am
no but i did get faked out by a couple double pullbacks where I went short and pa went from under the ma to shooting through and taking out the previous high.

calling 1-800-wahhhhh right now
  • #3,663
  • Apr 19, 2011 10:29am Apr 19, 2011 10:29am
Quoting diamonddbw
I took the recent EU 123 long. 13:30 gmt entry bar.

What happened here was something I'm starting to see as a pattern.

While waiting for the SUB to be eclipsed by one pip, the price jumped beyond one pip instantly, so my fill was 2.5 pips further than I tried for. This made waiting for price to make it's move to my target, very nervy. (My therapist will like this!)

1. My question here is has anyone else noticed this?
&
2. Is there a significance related to this phenomena? In other words are trades that experience this effect, more or less...
Hey diamond,
Try placing a limit order 1 pip above setup bar instead of getting in with a market order. It gets you in very close to where you wanted to enter usually.
  • #3,664
  • Apr 19, 2011 10:30am Apr 19, 2011 10:30am
Quoting diamonddbw
I took the recent EU 123 long. 13:30 gmt entry bar.

What happened here was something I'm starting to see as a pattern.

While waiting for the SUB to be eclipsed by one pip, the price jumped beyond one pip instantly, so my fill was 2.5 pips further than I tried for. This made waiting for price to make it's move to my target, very nervy. (My therapist will like this!)

1. My question here is has anyone else noticed this?
&
2. Is there a significance related to this phenomena? In other words are trades that experience this effect, more or less...
My guess....Atmospheric Anomalies
  • #3,665
  • Apr 19, 2011 10:31am Apr 19, 2011 10:31am
Quoting Toothman
Hey diamond,
Try placing a limit order 1 pip above setup bar instead of getting in with a market order. It gets you in very close to where you wanted to enter usually.
++++++++++++++++++++++++++++++++

Have considered that, but I prefer to watch pa for clues before pulling the trigger.
  • #3,666
  • Apr 19, 2011 10:36am Apr 19, 2011 10:36am
a few near miss entries but no cigars no trades today
  • #3,667
  • Apr 19, 2011 10:39am Apr 19, 2011 10:39am
Ya, At least I'm seeing or not seeing what you are!!!!!!!!!!!!!!!!!!
Quoting Divergence
a few near miss entries but no cigars no trades today
  • #3,668
  • Apr 19, 2011 10:41am Apr 19, 2011 10:41am
Quoting Divergence
a few near miss entries but no cigars no trades today
++++++++++++++++++++++++++++++++

You didn't take EU 123 (13:30 gmt entry bar) because of too many bumps? (Waves)
  • #3,669
  • Apr 19, 2011 10:43am Apr 19, 2011 10:43am
Quoting TraderinSD
My guess....Atmospheric Anomalies
++++++++++++++++++++++++++++++++

Precisely my dear Watson!
  • #3,670
  • Apr 19, 2011 10:43am Apr 19, 2011 10:43am
Quoting Divergence
a few near miss entries but no cigars no trades today
lol dont worry i picked those up for ya damn fakeouts
  • #3,671
  • Apr 19, 2011 10:51am Apr 19, 2011 10:51am
call 1 800 wah hhhh
  • #3,672
  • Apr 19, 2011 10:59am Apr 19, 2011 10:59am
Quoting Divergence
call 1 800 wah hhhh
I did that and they offered me a frequent caller card
  • #3,673
  • Apr 19, 2011 11:05am Apr 19, 2011 11:05am
but i got a recording saying king joel is unavailable hes trading 123 s
  • #3,674
  • Apr 19, 2011 11:08am Apr 19, 2011 11:08am
mr. Div, i know the divergence is not Angelina Jolie here, but i use it just for example. In the situation like this, div+123 we went down but didn't take out previous swing (didn't make lower low), would you consider this move down as a pullback and go long after you get s u b?
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  • #3,675
  • Apr 19, 2011 11:09am Apr 19, 2011 11:09am
ok so I dont do it again, where did i make the mistake here?

hit resistance at 4326
PA came back down through the ma, made a lower high and closed below the ma, i took a short just below the previous low at 4308 and made a LL at 4303 but right after it reversed
Attached Image (click to enlarge)
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  • #3,676
  • Apr 19, 2011 11:11am Apr 19, 2011 11:11am
yes
  • #3,677
  • Apr 19, 2011 11:12am Apr 19, 2011 11:12am
Quoting Divergence
yes
thank you
  • #3,678
  • Apr 19, 2011 11:24am Apr 19, 2011 11:24am
gimmie, the s u b, never got taken out by one pip to get u into a trade
  • #3,679
  • Apr 19, 2011 11:28am Apr 19, 2011 11:28am
had div, sub was just under resistance, but sub never taken out by a pip
Attached Image (click to enlarge)
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  • #3,680
  • Apr 19, 2011 11:42am Apr 19, 2011 11:42am
thanks tb, i was looking at #3 on your chart as my sub since it closed just under the ma, was the lh and cci was under 50. So I entered the short at 4306 on that bullish engulfing candle which you have marked at the sub.
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