Flag trading the trend

No. The original stop at 15. Moved to BE+1 at 13. Target at 15. After the chart was marked up I went back and measured how the 1 bar trailer would work out.

Did anybody take that 48,86 long less than an hour ago? Those crosses (fast&slowline) seems to be pretty nice trades.

<p>Ok 15 stop 15 target i would move stop to be around 8 or 9 then when up 13 lock in 8 or 9

Heres a thought why not have stop 15 target 20

Typically the pullback is going to produce a swing high or low. Your hoping the pullback is going back into resistance and won't make a new high or low. So sitting at the end of the entry bar should be where you have to wonder if your wrong about the trade if you get snapped out. Since your using 13 tick charts 1 tick on each end makes 15. If your running 90% or better, can a person expect to tweak it any tighter.

you are absolutely right that was a setup i used for quite awhile hmm combining both to find right stop with price and indy confirming or visa versa

I will investigate this 15 risk to make 20 sounds right

When I tested with the 1 bar stop the average win was 27. So 20 sound about right. 15 plus 27 is 42 divided by 2. there were 3 times as many runners as BE+1 so it should pay off with 20

Anything above 45% win rate makes you money

That's it for me today. 3w, 1be and the golf course is calling.

Sossos thanks for insight

How was the golf, Sossos ? Still chilly here in NL, but I'm going out for the first round of the year on Sunday - also first time out with my Face Forward putting method ... gonna cause a lot of laughter with my playing partners when they see it ...

Which part of the MACD (above / below zeroline) - gold histogram, cyan fast or purple slow MA ?



Not sure adding indicators / filters is going to truly help - unless you believe it will, as we're all just trading our beliefs, anyway. We're really trading pullbacks in swings / trends, which is why I liked the trend line H drew a few posts back, as I feel it shows very real dynamic support / resistance... (until it breaks !). MACD is merely depicting a moving average crossover.

I currently believe a 20 tick stop is optimal with the present configuration (13 range + HA).

Trade the first pullback in every swing - maybe using second entries ("the magical discretionary key") - know key areas of support & resistance. That's it.

Happy Easter holidays !

Sossos when you get a chance i sent you a pm

long at 35 for +20

2nd entry again

yes I examined that over the weekend. what I looked at is if indy is below the 0 line and we are in a trend to take the second pullback even if indy is not sloping correctly but was on right side of the 0 line let me show a picture

and above the 0 line for longs? e.g.

now its possible to miss the indy sloping trades but it seems the 2nd pb trades happen a lot more than the others. so what we could do is we could do both take the sloping trades but as soon as you are up a few ticks move stop to be even. so on those trades that fire out of the box we get those and we protect ourselves from the 4 tick then reverse stuff

yes erasmaus that's what I mean draw a horizontal line at zero for your reference

I also will not give back 2/3s of profit anymore if I get up 13 I lock in 7. the goal is to accumulate money my goal is to make 40 ticks a day and if it takes me 3 trades so be it