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Flag trading the trend

  • #5,961
  • Apr 1, 2015 3:20pm Apr 1, 2015 3:20pm
Was looking to get 40 it hit 39 so i hit flatten
  • #5,962
  • Edited 3:41am Apr 2, 2015 3:29am | Edited 3:41am
Attached Image (click to enlarge)
Click to Enlarge Name: cornflakes.PNG Size: 56 KB


+31 before H & 'ras have had their cornflakes

NB. ONE TICK from stopping out...

So, having traded this method with a single lot for just 6 days (starting Monday of last week, 1 or 2 trades per day), I am now at +118 ticks, so moving to 1 + 1 as per stated plan :

Attached Image


(above does not include commissions which are less than $5 / rt, so about $50/60)

Thank-you, Sir Harold
  • #5,963
  • Apr 2, 2015 3:55am Apr 2, 2015 3:55am
[quote=jtrade;

hi guys,

what broker are you using ?
im looking for a good broker who has small spread on oil...and couldnt find one so far
oanda has the lowest from what i saw...but i want something else

thanks in advance,
bradu
  • #5,964
  • Apr 2, 2015 5:11am Apr 2, 2015 5:11am
[quote=bradu;8180607][quote=jtrade; hi guys, what broker are you using ? im looking for a good broker who has small spread on oil...and couldnt find one so far oanda has the lowest from what i saw...but i want something else thanks in advance, bradu[/quote]

Hi, bradu,

The current version of this method is being traded with crude oil futures, which have a 1 tick spread (the good news), but require a futures account (the less good news) & the ability to trade $10/tick minimum (the bad news). I would not trade this method with <$5k account, even though several brokers will give you $1k intraday margin per contract.

CL is a volatile beast.
  • #5,965
  • Apr 2, 2015 5:57am Apr 2, 2015 5:57am
top work jt ... impressive set of results well done
Become the casino
  • #5,966
  • Apr 2, 2015 6:56am Apr 2, 2015 6:56am
grabbed 10 from 68 long
Become the casino
  • #5,967
  • Apr 2, 2015 7:07am Apr 2, 2015 7:07am
there is no spread in futures if you want to enter at 45.68 that's where you enter, nice start erasmus
  • #5,968
  • Apr 2, 2015 7:18am Apr 2, 2015 7:18am
Quoting jtrade
{image} +31 before H & 'ras have had their cornflakes NB. ONE TICK from stopping out... So, having traded this method with a single lot for just 6 days (starting Monday of last week, 1 or 2 trades per day), I am now at +118 ticks, so moving to 1 + 1 as per stated plan : {image} (above does not include commissions which are less than $5 / rt, so about $50/60) Thank-you, Sir Harold
now that's what I am talking about accumulation
  • #5,969
  • Apr 2, 2015 7:28am Apr 2, 2015 7:28am
this last signal I didn't take pb was a little small for me
  • #5,970
  • Apr 2, 2015 7:41am Apr 2, 2015 7:41am
now that was a quick win from 82
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 121 KB
  • #5,971
  • Apr 2, 2015 7:55am Apr 2, 2015 7:55am
Yes, was reallyreally fast. Took 30 tick of that, but entry was at 48,85.

Do you usually set pending order right away when it seems, setup is emerging?
  • #5,972
  • Apr 2, 2015 7:59am Apr 2, 2015 7:59am
be on that one from 06
  • #5,973
  • Apr 2, 2015 8:01am Apr 2, 2015 8:01am
Quoting tdforex
Yes, was reallyreally fast. Took 30 tick of that, but entry was at 48,85. Do you usually set pending order right away when it seems, setup is emerging?
I have a tick countdown so I can do the math and set pending order in
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 131 KB
  • #5,974
  • Apr 2, 2015 8:08am Apr 2, 2015 8:08am
wedge formed sideways action will wait till it starts waving again
  • #5,975
  • Apr 2, 2015 8:17am Apr 2, 2015 8:17am
got caught out on 90 long ... what's the trend line you have on price graph Harold?
Become the casino
  • #5,976
  • Apr 2, 2015 8:19am Apr 2, 2015 8:19am
sorry not trend line the turquoise line
Become the casino
  • #5,977
  • Apr 2, 2015 8:23am Apr 2, 2015 8:23am
I was just experimenting with a 10 20 30 wma but took them off except the 10 for runner purpoises I mainly us trendline to get direction
  • #5,978
  • Apr 2, 2015 8:25am Apr 2, 2015 8:25am
Quoting erasmus66
got caught out on 90 long ... what's the trend line you have on price graph Harold?
I don't see a 90 long setup ok found it that small pb it was to small for me that's why I draw a trendline. also maybe it have to pb more than 10 ticks that was only 8 I just quessing so if its a quess I would rather stay away
  • #5,979
  • Apr 2, 2015 8:35am Apr 2, 2015 8:35am
looks like we are hanging lights on a tree
  • #5,980
  • Apr 2, 2015 8:37am Apr 2, 2015 8:37am
Quoting Divergence
{quote}I have a tick countdown so I can do the math and set pending order in {image}
I see, thanks
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