Flag trading the trend

Now that is charting purity, 'ras

I have to eat my humble pie concerning no longer trading the Bund... I realised that my biggest challenge these days is staying focused during the session to not miss trades, so my brilliant solution was to trade a VERY fast Bund chart in SIM with a 3 tick stop (yes, THREE tick stop), while 6E and GBPAUD trades setup. Like a computer game, really. But then a strange thing started to happen... quite profitable, so I thought, WTF, trade it Live and now "The Bund is Back" !

Not really trading today as I drive to the Swiss Alps tomorrow (hoping to finally have lunch here, weather permitting, check out the yodelling in the vid : http://aescher-ai.ch/location.html - cable car up, hike down), BUT this is my 3 tick setup, Live (essentially same as before, trading the flags...) - this my only trade of the day :



Yoddel-ley-eeh-ooh ... see you guys next week.

to fast for me jt I need time to lock and load

we are in a new contract month for crude sometimes its slow on first day

is this a legit 123 reversal on 10 jul?

long at 73 stop to +1

The interesting thing for me is that I now find Crude too fast off the US Open : in this sense, the timeframe of the chart is irrelevant, I mean the actual speed of price movement. Crude tends to jump up and down super fast - it's why I choose 6E over crude. The Bund is mostly very small moves, allowing my ultra-tight stop.

Anyway, really like the charts you're posting.

yes and it got you up 23 so you could lock in 10. then you have a 2b to get you back into down trend at 55 for 40 ticks that's pt 3 of you 123 setup do you see it. by following the pa you will be on the right side of the market 90% of the time and that's all we can ask. then its up to us to manage the trade and accumulate

jt you want price to move fast it gets you into profit quicker by having a lot of commitment by traders. what slows it down is the line chart pinpoint places to set limit orders and just wait

got up 23 ticks locked in +10

well got out a little early as it went up 33 maybe next time late in day I hold . I also will back test brent as it seems to do same thing. today it responded better than crude heres a brent chart with its trades today let me know if its clear enough to understand

ah guys I just back tested brent for july and its done better than crude its made 840 ticks not counting today. will look back till march ooo this is looking better and better

just did june for brent and it made 800 ticks for the month. will do march to compare it to crude that did 1200 ticks. this is based on getting a win on first trade with 1 lot then trading 2 lots on second worst case scenario is you break even on day or you make 1200

brent results for march to compare with crudes 1200 tick month brent only made 880 ticks so based on these findings its crude and brent for me

fantastic back test results Harold .. will run through myself

looking at crude at the moment there is a 2b followed by a 123 .. do we take the 123 to get back into trend?

anytime we get a 2b followed by a 123 take the 123

as I pour over charts I am amazed at whats happening. every month 700 to 900 ticks. heres what I think is happening. we are catching turning points in the market to get back into the overall trend of the day. here is the simple way to determine what trend is when we get to desk at 830 ny time we see where price has moved from midnight till now if is up look for 2b or 123 to get back into uptrend. when we get to top or bottom of market and a 123 or 2b forms take it. that's the only time we take a trend reversal. the other reversals are the ones that get you back into trend and that's that!

I am beside myself if you want to make a lot of money understand what i have just laid out with the line charts with range bars if not dont check it out and dont make lots of money

here are some charts train your eyes to see this and you will make money consistently. you always enter 1 tick above or below the 2 point of the 2b or 123

Nice going Harold, i still trade this way, but am discretional as to which flags i take, the very best (and most successful) are the ones right after the last significant high or low has been broken;



and in practice, on the EurUsd recently, you should see the similarity;



Do the attachments need vetting or something? as i only see them as a link?