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Flag trading the trend

  • #6,501
  • May 7, 2015 3:21pm May 7, 2015 3:21pm
Quoting jtrade
{quote} Hey, Sally - I'm still experimenting, but presently prefer the Coral indicator for the range bar charts. I am using the Supertrend indicator as part of a longer-term ETF investment plan using Daily charts. The Bund has been wider range than CL so far this afternoon (morning for you lot !) : {image} PS. Sorry about the messaging - I leave it turned off.
Thanks for sharing jtrade - still wish you had PM available - but will just post here.

Sally
  • #6,502
  • May 8, 2015 7:51am May 8, 2015 7:51am
on 18 tick chart I am long from 18
  • #6,503
  • May 8, 2015 7:51am May 8, 2015 7:51am
closed at 78
  • #6,504
  • May 8, 2015 7:54am May 8, 2015 7:54am
heres the setup
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 127 KB
  • #6,505
  • May 8, 2015 7:58am May 8, 2015 7:58am
When I grow up I want to trade like that....
  • #6,506
  • May 8, 2015 8:01am May 8, 2015 8:01am
don't you remember that I used to trade this way? but never using range bar line charts with a macd confirmation. also if entry is missed but I still have slope and get the 2 consecutive dots that constitutes another entry. normally I look for 40 on first trade and then double the lot size for second trade but market was moving nicely and I took a little more
  • #6,507
  • May 8, 2015 8:07am May 8, 2015 8:07am
lets say market breaks down and takes out the area where I drew line and price has 2 consecturive closes below and macd crossed to down side then a limit order is placed for price to come back and trigger you short
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 122 KB
  • #6,508
  • May 8, 2015 8:13am May 8, 2015 8:13am
now that area would be 65 off that 2b spot
  • #6,509
  • May 8, 2015 8:27am May 8, 2015 8:27am
revert to the first area I posted the 19 area for now its looking like I may have predicted this scenario lol
  • #6,510
  • May 8, 2015 8:32am May 8, 2015 8:32am
Quoting Divergence
don't you remember that I used to trade this way?
Earlier in this very thread as a matter of fact...
  • #6,511
  • May 8, 2015 8:39am May 8, 2015 8:39am
jt look at ther chart I posted 3 posts back it was like I was looking into the future lol only thing it didn't do was pullback to 20
  • #6,512
  • May 8, 2015 10:05am May 8, 2015 10:05am
http://i.gyazo.com/713a974e8eb90a5d80a760bcb1815341.png
  • #6,513
  • May 8, 2015 10:11am May 8, 2015 10:11am
Quoting jtrade
Missed my short @ 82 for straightforward +20... talking too much.... teabreak, then feed the chickens (real ones). Will look in later in case there's one of those nice closing swings... As always, kudos to Sir H for sharing this method : I think using HA as a pullback reference is brilliant.
jtrade, any screenshots from today?
  • #6,514
  • May 8, 2015 12:24pm May 8, 2015 12:24pm
Hey, Sally,

Only one, badly-executed oil trade today :

Attached Image (click to enlarge)
Click to Enlarge Name: CL.PNG Size: 31 KB


My focus is switching to trading this method on FGBL, the German bund during the EU mornings, so I prob won't be around much from now on (although I always keep an eye on what H is doing).

Like the image, td.

Have great weekends, one & all.

Extraordinary UK Election result...
  • #6,515
  • May 8, 2015 12:25pm May 8, 2015 12:25pm
Quoting jtrade
Hey, Sally, Only one, badly-executed oil trade today : {image} My focus is switching to trading this method on FGBL, the German bund during the EU mornings, so I prob won't be around much from now on (although I always keep an eye on what H is doing). Like the image, td. Have great weekends, one & all. Extraordinary UK Election result...
Thank you jtrade! Have a great weekend as well!!
  • #6,516
  • Edited 1:13pm May 8, 2015 12:40pm | Edited 1:13pm
we will miss you scarecrow. here was my second trade today no pullback connection on this one but indy was sloping down whule it was pulling back nicely then the 2 dots appear. so 60 tick win earlier then 40 tick with double the lot size not a bad day
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 115 KB
  • #6,517
  • May 8, 2015 1:14pm May 8, 2015 1:14pm
if we can get below 13 with 2 closes that the place to sell
  • #6,518
  • May 8, 2015 1:18pm May 8, 2015 1:18pm
if macd stays below 49 short is another area to sell
  • #6,519
  • May 8, 2015 1:20pm May 8, 2015 1:20pm
it just missed by 2 ticks if we get 2 closes below 29 that's the new short setup or 2 green dots
  • #6,520
  • May 11, 2015 8:34am May 11, 2015 8:34am
long 57
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