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Flag trading the trend

  • #6,441
  • May 1, 2015 8:52am May 1, 2015 8:52am
Thx CL. Day is done. Two profitable shorts on range13, from 59.21 and 59.08.
  • #6,442
  • May 1, 2015 8:58am May 1, 2015 8:58am
Quoting tdforex
Thx CL. Day is done. Two profitable shorts on range13, from 59.21 and 59.08.
WTG td... I'm negative -17, & I agree, much clearer read on the R13 so far.... what target & stop sizes are you currently using, pls ?
  • #6,443
  • May 1, 2015 9:05am May 1, 2015 9:05am
Quoting jtrade
{quote} WTG td... I'm negative -17, & I agree, much clearer read on the R13 so far.... what target & stop sizes are you currently using, pls ?
So far i have been using 20 tick target and stops vary a bit from 10 to 14. If I can see a clear level at 10 tick, i will use that, if nothing clear, i usually use 14 and tighten it a moment, if trade starts to go desired direction. After 8 ticks I am BE already. I am not saying, it's optimal but works for me.
  • #6,444
  • Edited 9:45am May 1, 2015 9:22am | Edited 9:45am
Looks pretty darned clear on the R13, especially since I messed around with the paintbars...

Attached Image (click to enlarge)
Click to Enlarge Name: R13.PNG Size: 48 KB


Edit : years ago, when I daytraded index futures every day, I used to draw horizontal SR lines throughout the day. I am going to start dong it again (I used to move them as the day progressed & SR shifted, rather than cover the chart with masses of lines).
Edit2 : coming back for last hr; chickens to feed, then going to the range to hit some balls...
  • #6,445
  • May 1, 2015 9:31am May 1, 2015 9:31am
There was one more short from 59.02, again 20 ticks. Didn't take that one though, anymore.

And yes, i use EMA21. For my eyes it seems that when we have pb to the ema21 preferably with a pin bar, it's a high probability trade. As you can see, i wouldn't have taken the short before last circled short. Don't like those railroad track bars, but like to wait the second entry (circled)

http://i.gyazo.com/e4d7cd0400bdc352fe7ce1e44fbf03ab.png
Edited to include the pic
  • #6,446
  • May 1, 2015 1:06pm May 1, 2015 1:06pm
Was quite nice day for shorts today. I wouldn't have taken that second from right, while too much consolidation before. If the bar would have been pinbar a bit more higher in price, i would have taken it. First one from right, I'd take, even though it was not pinbar, but it was kind of second entry after the previous one. The one on the bottom, would definitely not taken, bottom of the day, but if there would have come another setup a bit higher, would have taken it.

To sum up, the setup has to be perfect or has to be second entry, if the setup is not top notch.

http://i.gyazo.com/3954b88d16003fbc9f8afd94de495cde.png
  • #6,447
  • May 1, 2015 2:01pm May 1, 2015 2:01pm
ok here are 2 charts one is the 18 tick range bar chart with lines this is how I find s and r jt and an 10 tick with the 2 setups I look for doing it this way on the 10 tick chart filters out a lot of win one lose 1 senarios and finds the winners in less trades and still get the 2 a day needed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 130 KB
Click to Enlarge Name: 2.png Size: 129 KB
Click to Enlarge Name: 3.png Size: 142 KB
  • #6,448
  • May 3, 2015 10:31am May 3, 2015 10:31am
Hi, thanks for the update Divergence, just to clarify - is your last post only referring to the original system or the other one with the 20 pip stop and the 40 target.

What to you mean by " you need two closing prices below' in the first chart?

Second chart talks about riding down 100 pips, so that would be the second system?

Cheers.
  • #6,449
  • May 3, 2015 10:38am May 3, 2015 10:38am
Quoting minute
Hi, thanks for the update Divergence, just to clarify - is your last post only referring to the original system or the other one with the 20 pip stop and the 40 target. What to you mean by " you need two closing prices below' in the first chart? Second chart talks about riding down 100 pips, so that would be the second system? Cheers.
The last post refers to the original system and the 20s/l 40target.

The first two pictures are for 20/40, two closes below refers to price being in a downtrend and giving u two closes below structure and then u look to set a limit and get in on a pullback. Opposite for buying. The 100 pips is referring to riding the trend of price and the indicator down for larger returns.

The third picture is trying to demonstrate the best signals for the original 11s/l 12target.
  • #6,450
  • May 3, 2015 11:19am May 3, 2015 11:19am
Ok, cool, makes sense. thank you for taking the time to clarify. Looking forward to next week.
  • #6,451
  • May 3, 2015 4:55pm May 3, 2015 4:55pm
Quoting minute
Ok, cool, makes sense. thank you for taking the time to clarify. Looking forward to next week.
me too As fury said theres the 10 tick range bar entry and the 18 tick range bar method this one uses a line chart of that. Both have same methodology which is trading the pullback. With the line chart once in we look for 40 risk 20 but if indy is sloping down luke the above chart we can hold till it flattens. Obviously locking in on the way down
  • #6,452
  • May 4, 2015 8:18am May 4, 2015 8:18am
Half of the day is done

http://i.gyazo.com/5f00844549ea4dbfaeeec12f3306bddd.png
  • #6,453
  • May 4, 2015 8:32am May 4, 2015 8:32am
so are you just entering on pb to ma?
  • #6,454
  • May 4, 2015 8:51am May 4, 2015 8:51am
Quoting Divergence
so are you just entering on pb to ma?
Nono, standarda HA -entry

It's a bit hard to see without line:

http://i.gyazo.com/b628b5f9242c43b56a8a52e68892fa82.png
  • #6,455
  • May 4, 2015 8:52am May 4, 2015 8:52am
understand now good trade
  • #6,456
  • May 4, 2015 8:54am May 4, 2015 8:54am
it seems you are using the slow line on macd as your slope my indy uses the fast line
  • #6,457
  • May 4, 2015 9:00am May 4, 2015 9:00am
Quoting Divergence
it seems you are using the slow line on macd as your slope my indy uses the fast line
Heh, seems so. I didn't even think about it, but it's quite relaxed to trade.

http://i.gyazo.com/53d12f7bb14ba5be93ec8ffeaeaa870e.png
  • #6,458
  • May 5, 2015 8:01am May 5, 2015 8:01am
36 short for a win
  • #6,459
  • May 5, 2015 8:41am May 5, 2015 8:41am
locking in 10 on the 43 long
  • #6,460
  • May 5, 2015 8:43am May 5, 2015 8:43am
stop is at 55
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