Flag trading the trend

out at be lost comm only

wow I get out and 2 seconds later it hits target grrrr

price looks like it might go down and test 4980

if its going to be a big day next area is 4855

+1

from 86, i guess

yes we move up then pb indy was going up went up 13

waiting till it trends again

Hi, Cali - as H says "I'm the guy..." (remember that Tom Cruise line in Knight & Day !?).

'Seems to me that a standard HeikinAshi plotted in a sub-panel is all you need... very straightforward in TradeStation, where you can turn the bars into dots; bit of a workaround needed in the NinjaTrader chart I posted (if you're an Elite member at BigMike's, FatTails has something that works well & someone else has kindly just added an alert every time the HA bar colour changes.... this info only relevant to NT users... which I think you may be...).

Imho no MACD component needed, although I like a smooth MA on the range bars and have presently settled on an HMA(30)Open + HMA(30)Close - not the channel I posted - but frankly anything will work if it's in the ballpark. As you know, indicator obsession is a complete waste of time... but so pleasingly distracting nonetheless .

I'm even using this setup to finesse my H4 Power M15 Commando entries (you'll remember our friend 60minuteman, I expect), which I trade off the London Open (not much use to you if you are in California... I lived in Marin County one fabulous year in the late '90s. Not a lot of people know that...).

Signing off after a good, no-losing-day week. Have a great weekend everyone.

try putting a 50 hull moving average and in the settings on sierra in the sub graph click auto coloring based on slope

what do you think about the hull mv

I'm not a SierraCharts user, but for me the HMA(30) is about right : I started with a 50 period, then went all the way down to 20, came back to 30...

I use two as I find the xover useful.

you can have the color change when the slope changes so that when we get a pb to go short and the hull is red we have a little more confirmation.

I think it's useful for this method, but the SMA/EMA(13) is fine too : the key as always is to "Know your indicator(s)", whatever it/they might be...

The very original key here is using the HA colour change to qualify the pullbacks - great discovery, H - although I almost exclusively take trades that are either the first or second pullback to the MA. Less is more...

here take a look

heres yesterdays trades

Nice

There are slope-colour versions of the HMA for both TS & Ninja, but I like my crossovers... which occur when the slope changes...

I'm cooking this evening, so about to put my chef's hat on...

I am still waiting to get a setup its Friday sometimes action happens later

got 10 on that one got to within 3

in this short from 20 holding