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Flag trading the trend

  • #7,021
  • Jul 9, 2015 1:11pm Jul 9, 2015 1:11pm
Quoting tdforex
Harold, you happy with the the no CLtrades on Wednesday?
very happy 4 day work week 16 trading days a month there are enough trades with the cl and zb combo with the 3 setups
  • #7,022
  • Jul 9, 2015 2:15pm Jul 9, 2015 2:15pm
Quoting Divergence
{quote}very happy 4 day work week 16 trading days a month there are enough trades with the cl and zb combo with the 3 setups
Sounds nice!
  • #7,023
  • Jul 10, 2015 2:05am Jul 10, 2015 2:05am
Quoting tdforex
{quote} Sounds nice!
No posting when on holiday in Crete, td - get back on that beach

LOL.
  • #7,024
  • Jul 10, 2015 7:57am Jul 10, 2015 7:57am
no holiday here get back to work
  • #7,025
  • Jul 10, 2015 8:06am Jul 10, 2015 8:06am
sold at 98
Become the casino
  • #7,026
  • Jul 10, 2015 8:43am Jul 10, 2015 8:43am
Quoting erasmus66
sold at 98
nice s and r trade for 35
  • #7,027
  • Jul 10, 2015 8:57am Jul 10, 2015 8:57am
2 nice continuation winners on zb also
  • #7,028
  • Jul 10, 2015 9:14am Jul 10, 2015 9:14am
sell at 21/32 and 15/32 with tp at 15/32 & 9/32?

Attached Image (click to enlarge)
Click to Enlarge Name: zb10jul15.png Size: 44 KB
Become the casino
  • #7,029
  • Jul 10, 2015 9:24am Jul 10, 2015 9:24am
Quoting erasmus66
sell at 21/32 and 15/32 with tp at 15/32 & 9/32? {image}
yes 6 tick stop and target notice each one had a green dot
  • #7,030
  • Jul 10, 2015 9:27am Jul 10, 2015 9:27am
just scored with 85 short cl s and r play
  • #7,031
  • Jul 10, 2015 9:41am Jul 10, 2015 9:41am
Hi Divergence. At the end of the workday is it possible to screen shot your 85 short. thanks. Fabulous trade.
  • #7,032
  • Jul 10, 2015 9:54am Jul 10, 2015 9:54am
Quoting ophelimity
Hi Divergence. At the end of the workday is it possible to screen shot your 85 short. thanks. Fabulous trade.
heres chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 147 KB
  • #7,033
  • Jul 10, 2015 10:07am Jul 10, 2015 10:07am
Attached Image (click to enlarge)
Click to Enlarge Name: cl10jul15.png Size: 52 KB
Become the casino
  • #7,034
  • Jul 10, 2015 10:13am Jul 10, 2015 10:13am
Quoting erasmus66
{image}
good eye Erasmus though I don't usually look at yesterdays levels but the principle is the same that went down 30 so some profit could have been earned
  • #7,035
  • Jul 10, 2015 10:18am Jul 10, 2015 10:18am
Quoting Divergence
{quote}heres chart {image}
Thought I'd have a look to see what it was like on a Renko mean chart, some very nice entries.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Renko Mean #1.png Size: 100 KB
  • #7,036
  • Jul 10, 2015 10:22am Jul 10, 2015 10:22am
I have also incorporated a 4th setup which you all know from other posts from sosso etc its the 2 legged pullback. I have a 8 and 21 ema on chart so when they are crossed to say the downside like today and price makes a bottom then it pullsback then advances a little down then another pullback in the vicinity of the 21 ema I will take next red candle on the break of its low. on the chart I posted the entry I got in was a 2 legged pullback a double dot setup and a s and r setup all three setups happened at the same time that's why it tanked like it did. not because of my setups but because of confluence of events around that price zone
  • #7,037
  • Jul 10, 2015 10:24am Jul 10, 2015 10:24am
Quoting JackAntigua
{quote} Thought I'd have a look to see what it was like on a Renko mean chart, some very nice entries. {image}
nice looking charts jack the only thing I don't like about renko charts is that each candle size could be different
  • #7,038
  • Jul 10, 2015 10:42am Jul 10, 2015 10:42am
Quoting Divergence
{quote}nice looking charts jack the only thing I don't like about renko charts is that each candle size could be different
The bodies are always the same size but the wicks show and you always know where price will have to go to for a new bar to start. I must say I much prefer the Renko mean bars to the normal Renko ones as you can see the wicks plus they are much smoother.
  • #7,039
  • Jul 10, 2015 10:52am Jul 10, 2015 10:52am
Quoting JackAntigua
{quote} The bodies are always the same size but the wicks show and you always know where price will have to go to for a new bar to start. I must say I much prefer the Renko mean bars to the normal Renko ones as you can see the wicks plus they are much smoother.
so every bar is same size? wouldn't that be range bars
  • #7,040
  • Jul 10, 2015 11:10am Jul 10, 2015 11:10am
Quoting Divergence
{quote}so every bar is same size? wouldn't that be range bars
Yes, similar to Range Bars but the body of the new bar always starts from the middle of the preceding bar body

I'm also in one at the moment on EURUSD. My first try was stopped out at breakeven less the spread and I went in again after the trendline break, although 1 bar late really, and decided to hold it as the 20 & 30 pip charts were showing loss of momentum on the histogram rather than exiting after 2 bars against. It's going all right now but it's taking an age, I'd have been much better off taking the long trade earlier but I missed it due to a fuzzy head after too many beers last night!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Renko Mean #1.png Size: 111 KB
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