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Flag trading the trend

  • #4,741
  • Jun 24, 2011 12:14pm Jun 24, 2011 12:14pm
[quote=JTee1;4723859]I heard a few people asking about trade manager and the fast reaction needed on the 1 min chart here is a tool i use. It is free and works gr8. It allows management of 6 trades individually or all together. You won't be disapointed. Displays all profit and loss individually and as a group. You can preset SL and TP automatically at order placement ( no rushing around to set SL) You can manage by pips or dollars. which i like dollar management.

Its called one clicker



http://www.toolsfortradingtheforex.com/help.html

Happy Trading

thx,,one clicker is a handy thing, esp with a broker who likes to re-quote
making money in JimB2468 trading room
  • #4,742
  • Jun 24, 2011 12:50pm Jun 24, 2011 12:50pm
15 pips Done for the day

Happy Trading
JTee1
Attached Image (click to enlarge)
Click to Enlarge Name: EU 6.24.11 2nd trade.JPG Size: 293 KB
  • #4,743
  • Jun 24, 2011 12:59pm Jun 24, 2011 12:59pm
[quote=patient pip;4724573]
Quoting JTee1
I heard a few people asking about trade manager and the fast reaction needed on the 1 min chart here is a tool i use. It is free and works gr8. It allows management of 6 trades individually or all together. You won't be disapointed. Displays all profit and loss individually and as a group. You can preset SL and TP automatically at order placement ( no rushing around to set SL) You can manage by pips or dollars. which i like dollar management.

Its called one clicker



http://www.toolsfortradingtheforex.com/help.html

Happy...
Your Welcome
JTee1
  • #4,744
  • Jun 25, 2011 9:40am Jun 25, 2011 9:40am
Hello all !

http://savepic.net/1564385m.jpg
CCI 14 pattern whith Flag trading & 123. Correct if something is wrong.

Happy Trading !
  • #4,745
  • Jun 25, 2011 9:54pm Jun 25, 2011 9:54pm
Quoting Daytrader_UA
Hello all !

http://savepic.net/1564385m.jpg
CCI 14 pattern whith Flag trading & 123. Correct if something is wrong.

Happy Trading !
++++++++++++++++++++++++++++++++
Hi DT. CCI we use is 8. Try that out.
  • #4,746
  • Jun 26, 2011 1:53am Jun 26, 2011 1:53am
Quoting diamonddbw
Hi DT. CCI we use is 8. Try that out.
Thank you. I mean the flag is short and 123 long, I may incorrectly identified. As for the CCI for use with the 14, and I hope that I will not eat for one message, where I lay with my input parameters and display templates, which he gives.
http://www.forexfactory.com/showthre...80#post4725380 incidentally about CCI

Happy Trading!
  • #4,747
  • Jun 26, 2011 4:06am Jun 26, 2011 4:06am
Hi Daytrader

the message you linked to is for JTee's flag trading method which uses 14 for CCI

This is Divergence's flag trading method which uses 8.

I think you might be mixing the 2 systems together.

Regards
John

Quoting Daytrader_UA
Thank you. I mean the flag is short and 123 long, I may incorrectly identified. As for the CCI for use with the 14, and I hope that I will not eat for one message, where I lay with my input parameters and display templates, which he gives.
http://www.forexfactory.com/showthre...80#post4725380 incidentally about CCI

Happy Trading!
  • #4,748
  • Edited 7:12am Jun 26, 2011 4:38am | Edited 7:12am
Quoting jmw1970

I think you might be mixing the 2 systems together.
So it may seem from what I mix. I traded using only patterns CCI, but experience has shown that the pattern does not bare stability, and provides a good entry point. But this is not enough. Flag trading the trend provides a good basis for making pattern in the trade. The price, indicator - the entrance. It used to be just indicator - the entrance. Also interested in the wave approach and set 123 as a counter trend. Good job.

I hope Divergence will not mind if sometimes I will spread the message in the thread. The difference is only 6 points CCI and that you are using the intersection of + -50 and I use the intersection of 0 (whith trand line break) and 9 more grandfather pattern. The exchange of experiences.

Div what you say.

Happy Trading!
  • #4,749
  • Jun 26, 2011 9:04am Jun 26, 2011 9:04am
Quoting jmw1970
Hi Daytrader

the message you linked to is for JTee's flag trading method which uses 14 for CCI

This is Divergence's flag trading method which uses 8.

I think you might be mixing the 2 systems together.

Regards
John
JTee's Flag Trading uses 8 CCI for early entry but relies heavily on MTF Trix for permission to enter on 8 CCI and donchian channel. Due credits were given to Divergence and Cobra THV thread on my thread. We learn everything we know from someone and a little trial and error on the way. Simply a combination that works for me. Looking for quick High Probability trades. Sorry for any confusion.

My Hats off to Divergence and his willingness to go the extra mile for all.

Happy Trading
JTee1
  • #4,750
  • Jun 27, 2011 8:27am Jun 27, 2011 8:27am
Any comments on this one? The 15 minute was in an up trend and there was a signal on the 1 minute but quickly hit -15.
Attached Image (click to enlarge)
Click to Enlarge Name: failed flag.png Size: 43 KB
  • #4,751
  • Jun 27, 2011 9:21am Jun 27, 2011 9:21am
That loser was quickly followed by 2 winners but I'm still interested whether the loser was a valid set up.
  • #4,752
  • Jun 27, 2011 9:48am Jun 27, 2011 9:48am
Hey notouch,

My eyes see the 15M trend as down on the EU, that is, LL (4125) LH (4305) LL (4100).

Just how I see it,
Jon
  • #4,753
  • Jun 27, 2011 10:03am Jun 27, 2011 10:03am
noqoute, it was the 3rd sub, therefore it was invalid, only get one chance after the first sub isnt taken out, you had 2 subs in a row that werent taken out, so should have been waiting for another pullback
  • #4,754
  • Jun 27, 2011 10:24am Jun 27, 2011 10:24am
Quoting tbjohnton
noqoute, it was the 3rd sub, therefore it was invalid, only get one chance after the first sub isnt taken out, you had 2 subs in a row that werent taken out, so should have been waiting for another pullback
So it has to be the candle immediately after the SUB that gives the signal?
  • #4,755
  • Jun 27, 2011 10:26am Jun 27, 2011 10:26am
Quoting jmf0805
Hey notouch,

My eyes see the 15M trend as down on the EU, that is, LL (4125) LH (4305) LL (4100).

Just how I see it,
Jon
I see it as a very clear up trend. The swing high (which was also the high of the day) had already been taken out.
  • #4,756
  • Jun 27, 2011 3:02pm Jun 27, 2011 3:02pm
if it doesnt happen on the one right after the sub, there is a 2nd chance if the next bar qualifies as a sub (close above, >50) but in that instance, the 2nd one wasnt taken out either, the 3rd one was the charm, but that's too late
  • #4,757
  • Edited 3:02am Jun 28, 2011 2:36am | Edited 3:02am
Quoting notouch
Any comments on this one? The 15 minute was in an up trend and there was a signal on the 1 minute but quickly hit -15.

Haven't looked on my chart to determine the 15m, however, from my experience of this trading on the 1min, this does happen from time to time.
Firstly, as has been pointed out your trigger candle was too late, it must be the 1st or 2nd bar after the SUB, I would probably also dismiss your flag for its angle and time frame. The best set-ups appear with a flag lasting at least 30 mins. I bet if you re-draw the flag connecting the next peak, the trigger would be successful...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,758
  • Jun 28, 2011 4:15am Jun 28, 2011 4:15am
Just a thought regarding the CCI period. Given the cyclical nature of the indicator would it be best to adapt the period to any obvious periodicity in the price with the expectation of getting more accurate confirmation of the start of the next cycle?
  • #4,759
  • Jun 28, 2011 2:40pm Jun 28, 2011 2:40pm
Quoting RandomOne
Just a thought regarding the CCI period. Given the cyclical nature of the indicator would it be best to adapt the period to any obvious periodicity in the price with the expectation of getting more accurate confirmation of the start of the next cycle?
++++++++++++++++++++++++++++++++
Sounds interesting, however I don't know what you mean.
  • #4,760
  • Jun 29, 2011 5:27am Jun 29, 2011 5:27am
As I understand it, CCI is part of a class of indicators that basically measure price divergence from some average value http://www.forexrealm.com/technical-...nel-index.html. As such the value will highlight extreme positions which will hopefully provide an indication of which part of the cycle we are currently at.


The role of the period is in the time span that the average value and divergence is calculated over. When a well defined cycle is established (eg sinusoidal) the average will be zero when the period is equal to the wavelength and the CCI will presumably best indicate the underlying cycle. At any other period I would expect the average will be a larger value and this will presumably tend to reduce the cycle signal.


Just a observation, I haven’t the time to do all the examples to prove it at the moment.
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