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Flag trading the trend

  • #7,141
  • Jul 21, 2015 12:41pm Jul 21, 2015 12:41pm
Always start at 830 ny time a few b e trades a couple of wins end result winning day
  • #7,142
  • Jul 21, 2015 12:46pm Jul 21, 2015 12:46pm
Quoting Divergence
Always start at 830 ny time a few b e trades a couple of wins end result winning day
Hi Divergence, please show me your rules for your sistem

which indicators, which TF, how to entry and exit


regards, dan
  • #7,143
  • Jul 21, 2015 12:49pm Jul 21, 2015 12:49pm
Quoting Trader MT4
{quote} Hi Divergence, please show me your rules for your sistem which indicators, which TF, how to entry and exit regards, dan
no indicators just an 18 tick range bar line chart post 7071 and charts read from there
  • #7,144
  • Jul 21, 2015 3:26pm Jul 21, 2015 3:26pm
Are all of these entries correct? I would guess that you would not take the first however as it came early in the UK session, and also the last one which was late in the US session.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #3.png Size: 58 KB
  • #7,145
  • Jul 21, 2015 3:32pm Jul 21, 2015 3:32pm
Quoting JackAntigua
Are all of these entries correct? I would guess that you would not take the first however as it came early in the UK session, and also the last one which was late in the US session. {image}
if trend was down first one is correct then point 3 becomes 2b pt to go long.your second one is not a 123 its just a continuation move the others are correct
  • #7,146
  • Jul 21, 2015 3:57pm Jul 21, 2015 3:57pm
By the way a nice clean chart you can see clearly all the turning points
  • #7,147
  • Jul 21, 2015 4:18pm Jul 21, 2015 4:18pm
A 2b is a trapping manuver by those who move the market they make it seem like the trends continuing then they slam on the breaks and take it the other way
  • #7,148
  • Jul 21, 2015 4:19pm Jul 21, 2015 4:19pm
Quoting Divergence
{quote} if trend was down first one is correct then point 3 becomes 2b pt to go long.your second one is not a 123 its just a continuation move the others are correct
Ah yes, that makes sense, ta.
  • #7,149
  • Jul 21, 2015 4:24pm Jul 21, 2015 4:24pm
A 123 is a HH HL but not a HH a 2b ia HH HL HH LL
  • #7,150
  • Jul 21, 2015 7:16pm Jul 21, 2015 7:16pm
there were 2 trades. trend for the day was up at top of market we got a 123 entry was 1 tick below point 2 which was 94 locked in 30 ticks. my next trade was double lot size but stop was 15 so worst case scenario is breakeven. we got a 123 to get back into up trend price went up 24 ticks locked in 15 at double lot size makes it 30 ticks. total for the day 60 ticks heres the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 109 KB
  • #7,151
  • Jul 22, 2015 6:01am Jul 22, 2015 6:01am
this is tricky on 29th jan 15 ... candle chart shows that there are 2 entries for the same signal:

Attached Image (click to enlarge)
Click to Enlarge Name: cl29jan15.png Size: 38 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cl29jan15candle.png Size: 61 KB
Become the casino
  • #7,152
  • Jul 22, 2015 8:03am Jul 22, 2015 8:03am
Brent in 30 range for day no trend yet
  • #7,153
  • Jul 22, 2015 8:43am Jul 22, 2015 8:43am
Laying by the pool extremely hot if anyone needs help analysing a setup post a chart
  • #7,154
  • Jul 22, 2015 9:02am Jul 22, 2015 9:02am
Quoting Divergence
Laying by the pool extremely hot if anyone needs help analysing a setup post a chart
Lucky bugger, grey and overcast here!

I can't remember reading the reason why you trade Brent on a Wednesday instead of Crude. I can't get Brent data currently through Tradestation so I've been looking at Crude anyway. Two 2b trades so far today as far as I can see, one loser for -20, one winner for +20. Are these setup's correct?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Crude Range #4.png Size: 88 KB
Click to Enlarge Name: Crude Range #5.png Size: 85 KB
  • #7,155
  • Jul 22, 2015 9:06am Jul 22, 2015 9:06am
The reason is brent for some reason doesnt have inventory news. The setups were correct but crude wasn't in any trend until it recently took out low. As far as data you have to add it to your list
  • #7,156
  • Jul 22, 2015 9:23am Jul 22, 2015 9:23am
When we come to the market at 830 ny time we must determine from midnight to 830 are we in a uptrend or downtrend or sideways market it was clearly going sideways
  • #7,157
  • Jul 22, 2015 10:14am Jul 22, 2015 10:14am
Can someone post a chart
  • #7,158
  • Jul 22, 2015 10:27am Jul 22, 2015 10:27am
Quoting Divergence
Can someone post a chart
Here you go.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #6.png Size: 62 KB
  • #7,159
  • Jul 22, 2015 10:33am Jul 22, 2015 10:33am
Excellant jack you missed one when price made low of day the formed a 2b to go long from to take it to top otherwise you correctly found the turning points pretty simple once you know what to look for
  • #7,160
  • Jul 22, 2015 10:57am Jul 22, 2015 10:57am
Quoting Divergence
Excellant jack you missed one when price made low of day the formed a 2b to go long from to take it to top otherwise you correctly found the turning points pretty simple once you know what to look for
Do you mean this one? I felt that price had already moved too much between the bottom and entry point and you'd effectively be chasing things.

In the 2nd screenshot, I've highlighted an area made a double bottom so neither a 123 or a 2b. What do you do in such circumstances?

And finally, after the last 123 you could argue that there was a continuation setup where the 3 of the 1st move became the 1 of a subsequent move. I don't now whether this is a valid setup though, again, you could be considered to be chasing a move halfway through.

Thanks again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Crude Range #6.png Size: 62 KB
Click to Enlarge Name: Crude Range #7.png Size: 51 KB
Click to Enlarge Name: Crude Range #8.png Size: 53 KB
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