Flag trading the trend

Good morning, sportsfans : today really is Wednesday & I made one trade before remembering I don't trade oil on inventory days. Not only that, I used the secret jtrade FatFinger (PatentPending) method to enter 5 ticks early :



The price channel is a 9 period Donchian with mid-line showing, there's a momentum indi down below. Do any addititional indis really help ? Probably not, but as td said to me earlier, they can provide psychological support and resistance (good one, td ).

To over-analyse the trade : higher low at lower channel + 2nd Entry.

In other news : just re-subscribing to Eurex to see if I can trade this method on FDAX or FGBL (two very different markets, but both appealing in their ways). Prefer to trade in the EU mornings. Time for a cup of tea...

Where the hell did everybody go?

Was wondering same thing

Everybody trading the system probably

I was wondering the same, where everyone did go. Probably system is so completely described that it's tradeable for most, that like to trade futures?

Today was quite an interesting day to start because price moved and stalled severally times while eventually climbing quite high.

After the method is developed, threads live by people sharing & discussing their trades, which rarely lasts long.... this thread keeps regenerating after 4 years thanks to H's refining of the approach, but trading futures is beyond the means of most at FF.

To trade any method - including this one - with consistent profitability is also a huge challenge. Easy days are, well, easy, but those sideways days can hammer us*. This is a tertiary method for me right now - I really don't like trading in the afternoons - but it may leapfrog my other two (mid & longer term) methods if I can trade it successfully on Eurex. My Eurex sub starts 1 May, so will let you know (and, yes, of course, I will start FDAX in SIM mode).

* Edit : the rules that protect us (at least to a manageable degree) aren't difficult, but managing our psychology is almost impossible. Imho it truly is 99.99% of trading success.... leaving just 0.01% for the method, which is where we spend all our time... <sigh>

To ramble on - it is a Friday morning - I was chatting this week with 60minuteman about how we change ourselves (both within a trading context and in Life overall). For once we agreed to disagree, because my view is that change happens when change happens (& is indeed happening constantly), it is NOT something that one can consciously DO. Eat your heart out, Tony Robbins.... (who I admire nonetheless)... and I do understand that just about everyone disagrees with my view.

A greenfee or two just now from a nice clear setup.... I see there were some great trades for the "North Americans" earlier in the session...



Edit : I see I filled my exit right at the low of the swing. That requires years* of experience.

(* no it doesn't, complete fluke : must have had 25 no-fills for every time one like that has filled)

pretty slow today

Nothing for me so far...

1 BE+1, 1 win,,,, so far

There were few very nice runs

Hello mates,

Sorry for asking since the answer must be in the thread but it's 321 pages... can you please share the indicators that you use for this thread strategy? (MACD Points, etc...)

Thanks!
Best regards and good trading!

its a sierra charts indicator

Just read Divergence's posts from #5749. Like he says, if you want the exact setup, you need Sierra Charts, but I use NinjaTrader and have just placed HA bars in the sub-panel : it works great & I imagine you could do this in MT4 easily with a bit of thought. Also bear in mind this approach is now designed for oil futures @ $10/tick : the spread is too wide on CFDs, so you need a futures account.

Edit : Post # 6144 is the current rule set (perhaps H would please update Post #1 with this info ?).

Edit2 : FYI I'm using 12t stop - so 2t below entry bar - & 20t target (whilst always trying to extend the target if appropriate).

+1 from 99

I have a +1 from earlier and a +8 which reached +20 ... I felt could reach +34... but took my stop out at +8..

ONE DAY I will get with the program and be happy with my +20s...

I will now write 1000x "You don't have to make a lot to make a LOT !"



Edit : done for the day ...

nice

and theres my second one short from 67

Nice trade, H .

Might be back for the last hour, got to cook pancakes for some hungry teenagers now...

a little muti tasking