Flag trading the trend

b/e on indy short earlier:

very ugly

late trade for +30:

Nice one erasmus i got no trades today

took loss on indy trade short at 71:

it looks like where you entered was higher than the 2b to left

markets have been hard to trade lately

yes tough day for me ... 2 losses:

looks like there was indy trade for zb too:

yea I didn't put any on market was in a continuous down trend so when I saw price shoot up I had a feeling price would short right back down and that's where we are hovering at the lows

trading has been a little difficult this month. so I reexamined something I use to do which many of you are familiar with. since I already have line charts up I decided to remove all indicators and look strictly at price action via 123 and 2b setup but in a controlled setting. many have gotten confused using them but I will show you a simple way. we will take 2b or 123 reversals at bottom or top of market and will enter on the break of point 2. now if we are in a downtrend and price is pulling back we will wait for a 2b or 123 to get us back into original trend so heres what it looks like on a chart. money management remains the same up 10 move stop to be up 20 lock in 10 up 30 lock in 20 35 lock in 25 target is 40 stop still 20as I backtested this my results were outstanding. the reason I didn't look at this sooner is I use to trade this on time charts and the charts became crazy with crude. know when we look at this via rangebar charts well you will see the difference

if you follow HH HL LL LH market structure you will spot this all the time and in my opinion be on the right side of the market 90% of the time so with mm skills you will capture profits almost everyday the market has structure so when market trends and we are looking for place to enter these `123 or 2b spots are the sweet spots. I use wait for a break and then trade the pb but it seems that you can just take the break with crude it trades a lot different than fx thank goodness

Just backtested last 4 months trading the above charts it has averaged 800 ticks a months so far this month 400 ticks going forward i will trade this way for obvious reasons.

just did march it was best month so far 1200 ticks. so going forward I will trade crude exclusively. I was thinking of adding brent back to mix but there seems to be enough action with just the crude. this was based on just a 4 day work week no Wednesday trading pretty neat.

2b at top of mkt?

I would take that is trend was down that would be a 2b to get back into trend market was technically up for the day now its down though you are in profit manage it well

when and if this candle closes down a 2b at bottom to go long at 97 this scenario did not happen now we wait hope you made some E

still on old system - waited for pb to 04 for +30:

my take on 7th jul:

on both of those be trades you were up 23 ticks you can lock in 10 or 15 its all about accumulating profits. the problem with waiting for the pullback is missing trades and sometimes we end up breaking even as it pbs and then goes on to a win. since we are setting stop to be after 9 or 10 ticks up I think its easier to manage trade and accumulate profits for the day by taking the break of pt 2 just my opinion