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Flag trading the trend

  • #5,421
  • Feb 24, 2015 11:11am Feb 24, 2015 11:11am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++ Regarding momentum; What I've seen is momentum after a slow run in one direction, can easily reverse near it's high. Whereas momentum out of a range might tend to continue. Is the valid or not? I don't know. Just an observation I've made.

Can we have an updated post on this system, entry singal plus all indicators needed..

Thanks all the best from Ireland

Danny
  • #5,422
  • Feb 24, 2015 11:36am Feb 24, 2015 11:36am
Quoting California
@diamonddbw: Here is the way I look at momentum: If you take a tennis ball and throw it up in the air as hard as you can, the moment the ball leaves your hand you will see that momentum -- or the acceleration or speed of the ball's movement -- is increasing. Two seconds later, momentum of the ball (the speed of its upward movement) peaks -- even though the ball continues to go up. And that is the distinction between trend (direction) and momentum. Two seconds later, the ball reaches a peak in altitude and the trend ends right there as the ball begins...
nice example California i would take a little differently its like throwing the ball up and letting it hit the ground (pullbacks)and then after it hits ground it goes up again ((pullback) till it ends
  • #5,423
  • Feb 24, 2015 11:39am Feb 24, 2015 11:39am
Quoting rebelheart
{quote} Can we have an updated post on this system, entry singal plus all indicators needed.. Thanks all the best from Ireland Danny
i would post a chart of todays action but whats the point i trade crude on a 13 tick range bar chart. The indy is a macd/bb/ha i did hit 5 outt of 6 trades today
  • #5,424
  • Feb 24, 2015 11:40am Feb 24, 2015 11:40am
Quoting Divergence
{quote} nice example California i would take a little differently its like throwing the ball up and letting it hit the ground (pullbacks)and then after it hits ground it goes up again ((pullback) till it ends
Yes, Divergence, that is a v good description of direction (trend). I was referring to momentum, which concerns itself with the speed of the trend.
  • #5,425
  • Feb 24, 2015 11:42am Feb 24, 2015 11:42am
Quoting rebelheart
{quote} Can we have an updated post on this system, entry singal plus all indicators needed.. Thanks all the best from Ireland Danny
To my knowledge, there is no indicator for MT4. Divergence uses it on a different platform. For MT4, a programmer would need to code it. Divergence might be able to steer him/her in the right direction.
  • #5,426
  • Feb 24, 2015 11:44am Feb 24, 2015 11:44am
I think momentum and trend happen at same time till air goes out of ball {quick reversal} that's why I have a small target its all about reaching those. some will say lousy philosophy but if you win 5 out of 6 trades with 3 or 4 contracts that's quite a bit of money on a daily basis
  • #5,427
  • Edited 12:13pm Feb 24, 2015 11:49am | Edited 12:13pm
try post 5408 s formula and see if that works that's the macd/bb/ha dots indicator I use it with range bar charts
  • #5,428
  • Feb 24, 2015 11:55am Feb 24, 2015 11:55am
Quoting Divergence
some will say lousy philosophy but if you win 5 out of 6 trades with 3 or 4 contracts that's quite a bit of money on a daily basis
A young guitarist once played his instrument in ways that no other rock guitarist had before him. "If it works, use it," said Eddie Van Halen.
  • #5,429
  • Feb 24, 2015 12:04pm Feb 24, 2015 12:04pm
pardon the pun you really got me......
  • #5,430
  • Feb 25, 2015 6:46am Feb 25, 2015 6:46am
Hi Harold,

great work .. i want to backtest but am struggling to get the macd/heiken ashi indicator - i can get to this point:

Attached Image (click to enlarge)
Click to Enlarge Name: cl25feb15.png Size: 49 KB
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  • #5,431
  • Feb 25, 2015 7:09am Feb 25, 2015 7:09am
can put macd on as well but can't combine:

Attached Image (click to enlarge)
Click to Enlarge Name: cl25feb15a.png Size: 43 KB
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  • #5,432
  • Feb 25, 2015 7:42am Feb 25, 2015 7:42am
Erasmus good to see you again you will find it in custom study jdt macd/bb/ha
  • #5,433
  • Feb 25, 2015 8:48am Feb 25, 2015 8:48am
yes good to speak again Harold .. been trading 3 min candles for cl and gc for last 6 months - averaging ~10%/month.

i downloaded the jdt macd/bb/ha indicator and have the following graph:

Attached Image (click to enlarge)
Click to Enlarge Name: cl25feb15b.png Size: 47 KB
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  • #5,434
  • Feb 25, 2015 8:49am Feb 25, 2015 8:49am
hey Erasmus heres 1 I just got
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 145 KB
  • #5,435
  • Feb 25, 2015 8:49am Feb 25, 2015 8:49am
don't think yours is showing bb lines or macd line but otherwise looks the same?
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  • #5,436
  • Feb 25, 2015 8:51am Feb 25, 2015 8:51am
no I went in the study and put ignore for bb and macd line you click studys then subgraphs to do it
  • #5,437
  • Feb 25, 2015 9:03am Feb 25, 2015 9:03am
I will now wait till inventories
  • #5,438
  • Feb 25, 2015 9:14am Feb 25, 2015 9:14am
Quoting Divergence
I will now wait till inventories
Thanks for answer!
  • #5,439
  • Feb 25, 2015 10:04am Feb 25, 2015 10:04am
Attached Image (click to enlarge)
Click to Enlarge Name: cl25feb15c.png Size: 56 KB


1st eg ... momentum down, pb to sma red candle green dot:

candle low is 49.36 so wait for price to hit 49.35 then have limit order to sell at 49.38 with sl at 49.48 and tp at 49.26?
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  • #5,440
  • Feb 25, 2015 10:31am Feb 25, 2015 10:31am
yes
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