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Flag trading the trend

  • #7,101
  • Jul 20, 2015 4:10pm Jul 20, 2015 4:10pm
Nice cable though on range bar charts it eliminates the noise
  • #7,102
  • Jul 20, 2015 11:52pm Jul 20, 2015 11:52pm
Quoting Divergence
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...
TOP post from Big H
  • #7,103
  • Jul 21, 2015 12:05am Jul 21, 2015 12:05am
Quoting The Cableguy
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; {image} and in practice, on the EurUsd recently, you should see the similarity; {image} Do the attachments need vetting or something? as i only see them as a link?
Hey, CG, where you been since 2011 !?

Nice charts as always & I really like your HL screening...

... & how's your lovely sister (ref post # 5250) ?



Rght, time to load the car and "Fahren, fahren auf dem autobahn" (from 1974 :
Inserted Video
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  • #7,104
  • Jul 21, 2015 4:52am Jul 21, 2015 4:52am
Hey JT, yeh all good thx, got out last week - (it turned out she was my sister!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #7,105
  • Jul 21, 2015 6:24am Jul 21, 2015 6:24am
Hi Divergence,

I've had another look at this, looks most interesting. I haven't looked at range bars for a while and never before on a line chart.

I marked up a GBPUSD chart on a 10 pip range, would these be correct 1-2-3 entry points? And on the 2nd chart are these correct 2b's?

Many thanks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD Range #1.png Size: 50 KB
Click to Enlarge Name: GBPUSD Range #2.png Size: 50 KB
  • #7,106
  • Jul 21, 2015 6:55am Jul 21, 2015 6:55am
anyone got the line graph for cl?

is it like this:

Attached Image (click to enlarge)
Click to Enlarge Name: cl21jul15.png Size: 41 KB


or like this with a 2b in:

Attached Image (click to enlarge)
Click to Enlarge Name: cl21jul15a.png Size: 41 KB
Become the casino
  • #7,107
  • Jul 21, 2015 7:02am Jul 21, 2015 7:02am
got this in chart settings:

Attached Image (click to enlarge)
Click to Enlarge Name: chartsettings.png Size: 46 KB
Become the casino
  • #7,108
  • Jul 21, 2015 7:04am Jul 21, 2015 7:04am
Quoting erasmus66
anyone got the line graph for cl? is it like this: {image} or like this with a 2b in: {image}
My one looks like this.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #1.png Size: 55 KB
  • #7,109
  • Jul 21, 2015 7:28am Jul 21, 2015 7:28am
good morning all let the games begin
  • #7,110
  • Jul 21, 2015 7:55am Jul 21, 2015 7:55am
jack the 2bs were right and most of 123 are right
  • #7,111
  • Jul 21, 2015 8:18am Jul 21, 2015 8:18am
Quoting JackAntigua
{quote} My one looks like this. {image}
thank you Jack
Become the casino
  • #7,112
  • Jul 21, 2015 8:32am Jul 21, 2015 8:32am
Quoting erasmus66
{quote} thank you Jack
your charts ok erasmus
  • #7,113
  • Jul 21, 2015 8:41am Jul 21, 2015 8:41am
obviously trend up orders set at 2b levels for now
  • #7,114
  • Jul 21, 2015 8:44am Jul 21, 2015 8:44am
Quoting Divergence
{quote}your charts ok erasmus
if i start the session from 06:00(rather than 00:00) there's a 2b on cl:

Attached Image (click to enlarge)
Click to Enlarge Name: cl21jul15a.png Size: 41 KB
Become the casino
  • #7,115
  • Jul 21, 2015 8:46am Jul 21, 2015 8:46am
just finished back test for cl for july 2015(up to 20th): 16 wins, 3 losses, 16 b/e for 630 ticks
Become the casino
  • #7,116
  • Jul 21, 2015 8:49am Jul 21, 2015 8:49am
Quoting erasmus66
just finished back test for cl for july 2015(up to 20th): 16 wins, 3 losses, 16 b/e for 630 ticks
that's just about right brent was even better like 800 ticks so far outstanding results
  • #7,117
  • Jul 21, 2015 9:18am Jul 21, 2015 9:18am
my recommendation is if you trade Wednesdays do brent only
  • #7,118
  • Jul 21, 2015 9:56am Jul 21, 2015 9:56am
Hi,

started reading on page 1 yesterday. I realize the thread has moved on to different setups. Are the old setups from 2011 still considered relevant or should I start somewhere else? May I ask questions regarding those old setups and maybe post some charts?

Thx
Kyro
  • #7,119
  • Jul 21, 2015 10:15am Jul 21, 2015 10:15am
anyone else goes short at 93(entry was 94 but slipped) -->took +10
  • #7,120
  • Jul 21, 2015 10:18am Jul 21, 2015 10:18am
Quoting Kyro
Hi, started reading on page 1 yesterday. I realize the thread has moved on to different setups. Are the old setups from 2011 still considered relevant or should I start somewhere else? May I ask questions regarding those old setups and maybe post some charts? Thx Kyro
start from post 7071 amd examine charts posted after that. Then backtest to train your eyes. These are market turning points either to get back into days trend or at top or bottom of market.
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