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Flag trading the trend

  • #6,421
  • Apr 28, 2015 11:47am Apr 28, 2015 11:47am
After 14 yrs of looking for a risk 1 to make 2 method it has finally arrived. Its still has same methodology which is trading the pull back. Its stop is 20 target minimum 40. Will explain later with charts. Now have 2 setups in toolbox.Back to the lake
  • #6,422
  • Apr 28, 2015 7:03pm Apr 28, 2015 7:03pm
if someone knows a way I could record this let me know but until then I will simply try and explain. I am not tossing the 10 tick range bar strategy that would be ridiculous since it has been giving me a 85% winning days per month in other words winning 17 to 18 days out of 20 days one does not stop. the new addition is an 18 range bar but using line charts. we also will add the slow macd line to the macdbbha indicator. the indy when sloping is the fast macd with heiken ashi dots. the stop is 20 and target is 40 or more. the way you stay in the trade is to watch the dots climb up or down the outside of the bb lines if you do that you wont bail on the little pullbacks within a trend. basically we when macd lines cross we want to find the best place to enter on the pb. using 2bs and 123 and support turning into resistance hope these charts explain it. also first trade 1 contract to make 40 2nd trade 2 contracts total for day would be 120 ticks or a lot of money. if you get stopped out long say in an uptrend and macd is still crossed reenter at original price
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  • #6,423
  • Apr 29, 2015 4:00am Apr 29, 2015 4:00am
Quoting Divergence
if someone knows a way I could record this let me know but until then...
Well, here's the lyrics from 1965, which I can just about remember (being 13 yrs old at the time) :

Quote
Baby, back
Dressed in black
Silver buttons all down her back
High hose, tippy toes
She broke the needle and she can sew
Walking the dog
I'm just a walking the dog
If you don't know how to do it
I'll show you how to walk the dog

Does that help ?
  • #6,424
  • Edited 4:37am Apr 29, 2015 4:17am | Edited 4:37am
Seriously, I will study closely and contemplate from the jtrade research lab. Thanks as always for generously sharing your research .

Clear setups on the r20 chart often produce large trades, so I usually keep an eye on it.

I also tested the dynamic range bars I mentioned, using an 8 - 21 range : these may have great potential, BUT the challenge is that you never know when / where the bar will close, so entering at bar close requires serious concentration and reflexes that I no longer wish to even attempt. This in turn means strategy code is required to automate the entry. This sits on the back burner for future R&D.... but FWIW here's a chart showing dynamic range bars from a couple of weeks back :

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  • #6,425
  • Apr 29, 2015 7:27am Apr 29, 2015 7:27am
Quoting jtrade
Seriously, I will study closely and contemplate from the jtrade research lab. Thanks as always for generously sharing your research . Clear setups on the r20 chart often produce large trades, so I usually keep an eye on it. I also tested the dynamic range bars I mentioned, using an 8 - 21 range : these may have great potential, BUT the challenge is that you never know when / where the bar will close, so entering at bar close requires serious concentration and reflexes that I no longer wish to even attempt. This in turn means strategy code...
its just an additional setup that's all and at 2 to 1 rr means be right 50 or 60% of time means a lot of money
  • #6,426
  • Apr 29, 2015 12:18pm Apr 29, 2015 12:18pm
I am not going to trade Wednesdays after 930 anymore to wild for me.theres plenty off trades the other days.
  • #6,427
  • Apr 30, 2015 12:54am Apr 30, 2015 12:54am
Quoting Divergence
I am not going to trade Wednesdays after 930 anymore to wild for me.theres plenty off trades the other days.
Me neither - meet you on the golf course .
  • #6,428
  • Edited 9:00am Apr 30, 2015 8:30am | Edited 9:00am
theres 1 short from 69
  • #6,429
  • Apr 30, 2015 8:43am Apr 30, 2015 8:43am
& 11 from 66 (2nd entry with a fat finger exit : tgt was 46, grrrr....)

(Edit : but to tell you the truth, I tried to fill the 66 as well, but missed it... slow finger, fat finger, wtf...)
  • #6,430
  • Apr 30, 2015 8:59am Apr 30, 2015 8:59am
theres number 2 long from 61
  • #6,431
  • Apr 30, 2015 9:02am Apr 30, 2015 9:02am
Filtered the 61 long (nicely done, H); but wanted the 76 short, too slow...
  • #6,432
  • Apr 30, 2015 9:06am Apr 30, 2015 9:06am
76 short?
  • #6,433
  • Apr 30, 2015 9:09am Apr 30, 2015 9:09am
the best signals is where its sloping with say 3 dots the same and then price pulls back but it continues to slope the you get 2 dots of the different color
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  • #6,434
  • Edited 9:21am Apr 30, 2015 9:10am | Edited 9:21am
Quoting Divergence
76 short?
Attached Image (click to enlarge)
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Edit : price channel replaced with Supertrend indi (something similar for MT4 on old AndrewForex thread a few years back)
Edit2 : plenty of opportunties so far today; yoga time for me, might check out last hour of pit session... a presto !
  • #6,435
  • Apr 30, 2015 9:14am Apr 30, 2015 9:14am
indy sloping up why short
  • #6,436
  • Apr 30, 2015 9:27am Apr 30, 2015 9:27am
Quoting Divergence
indy sloping up why short
Good answer coming up for a good question : perfect, almost exactly equal length, two-legged pullback in downtrend + 2nd entry.

I do not filter for HA slope if above parameters have been met (I understand you do), as I think equidistant (+_10% or so) 2 legged pb + 2nd entry is a high prob trade.
  • #6,437
  • Apr 30, 2015 12:05pm Apr 30, 2015 12:05pm
Have to say, that i really like this thread and the basic idea. Myself, I use Range13 to trade, 10 seems a bit fast for me.
  • #6,438
  • Apr 30, 2015 5:31pm Apr 30, 2015 5:31pm
Quoting jtrade
{quote} {image} Edit : price channel replaced with Supertrend indi (something similar for MT4 on old AndrewForex thread a few years back) Edit2 : plenty of opportunties so far today; yoga time for me, might check out last hour of pit session... a presto !
What did the super trend chart like look like on the entire day? Gives a pretty interesting visual, would like to see a little zoomed out picture and what it looks like for the day if you could.
  • #6,439
  • Apr 30, 2015 5:32pm Apr 30, 2015 5:32pm
And yes, we are not trading an indicator, we are trading a principal that an indicator allows us to better visualize.
  • #6,440
  • May 1, 2015 7:26am May 1, 2015 7:26am
Quoting fxfury
{quote} What did the super trend chart like look like on the entire day? Gives a pretty interesting visual, would like to see a little zoomed out picture and what it looks like for the day if you could.
Your wish is my command :

Attached Image (click to enlarge)
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& this is the similar (I think) MT4 indi from the old Andrew Forex System thread :
Attached File(s)
File Type: mq4 Supertrend1.mq4   4 KB | 514 downloads
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