Flag trading the trend

Top work Harold

What's your take on these 2 days from Jan 2015(20th and 21st):



I make it as follows:

1 be
2 win
3 loss
4 loss
5 loss
6 loss
7 loss
8 win
9 loss

Derived from DAX 30 index on Eurex Exchange, it's a kind of volatile German Dow index, and FDAX is the futures contract.

EUR 12.50/tick, chunky margin... just looking to see what might be a suitable alternative (Z, which is Footsie 100 futures - UK index - is possible). Or maybe slow it all down and trade FGBL - German Bund - which is slow but has low intraday margins and you can make up for small moves with size. Not sure my old brain can handle fast moving markets no more...

Research needed...

Erasmus heres my chart for those 2 days

jtrade with range bar charts set at 18 ticks there is plenty of time to setup order it actually slows things down beautifully.

cheers Harold

Am I imagining it or would most losses be avoided by waiting for the bar following the setup bar to close in the right direction, with the HA dot color also changed back in the right direction !?

Erasmus the best signals is when we get a nice slope and get a pullback on price and it continues sloping in the same direction heres a chart

I have noticed that too jtrade, I will research it might mean giving up some winners though. with a 30 tick target and 20 tick stop even if you go 2 wins and 2 loses your still up 20 tick so profit is profit I will investigate

here's 20th jan with 13 tick range bars:



1: win
2: be
3: win
4: be

got the following for 21st jan, 13 tick range bars:



1: win
2: loss
3: loss
4: win
5: win(too late?)

remember look to get 50 for the day 30 on first if allowed when you get on 20 look to lock in the 20 never let a winner turn into a BE always get minimum 20. I did feb 17 winning days 1 day made 45 1 day +20 1 no trade day it just went sideways there was another no trade day a holiday 865 ticks. march so far 6 winning days of 50 ticks 3 days of 30 and 1 10 tick day so far 400 I will continue to back test this might be the final settings

here is the 21 chart

I see your problem Erasmus we are on clj5 no clh5

ok for those following we went from 13 tick range bar with a small stop and target to a 18 tick range bar with a 20 tick stop and 30 tick target with the understanding when we get over 20 ticks we look to lock in . after a look at things and doing a little research I find we can get in at a better spot using the 13 tick range bar but keep the target and stop the same.

here are the signals that were generated today using the over info

yep, 13 is the CL sweetspot, with a bit more room to breathe...

Thanks jt for bringing this to my attention when i just backtested feb i had 17 winning days of 50 ticks no losing daya

just did jan 2015 16 winning days of 50 ticks. there were 4 days where you had a win then a loss then a win there was 1 day 40 ticks the reason it went up 29 ticks and you lock in 20 and 1 day of +10 which is a win and a loss. recap 875 ticks I think this is the way to go 13 tick bar chart stop 20 target 30 move to be when up13 above 20 lock in 20 stay away from sideways action market must be moving

<p>just tested sept 2014 when market was trading in the 90's results the same this is a tremendous adjustment thanks jt

Erasmus I sent you a pm