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Flag trading the trend

  • #7,201
  • Jul 23, 2015 12:11pm Jul 23, 2015 12:11pm
Its more annoying than funny i talked myself out of that 2b short so had wife kick me in rear end thats the penalty for over analysing
  • #7,202
  • Jul 23, 2015 12:29pm Jul 23, 2015 12:29pm
I am wondering though. This sizeable move down looks like almost a straight line on the range bar chart but using the rules, one would only have captured +10 as price retraced back from +20 to +10. That must annoy the hell out of you when it happens.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #21.png Size: 58 KB
  • #7,203
  • Jul 23, 2015 12:40pm Jul 23, 2015 12:40pm
123 to the upside triggered at 48.40.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #22.png Size: 59 KB
  • #7,204
  • Jul 23, 2015 1:00pm Jul 23, 2015 1:00pm
Exit +10.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #23.png Size: 61 KB
  • #7,205
  • Jul 23, 2015 1:15pm Jul 23, 2015 1:15pm
Quoting Divergence
Its more annoying than funny i talked myself out of that 2b short so had wife kick me in rear end thats the penalty for over analysing
You deserved it

On a serious note, you have been very clear on just executing the trades and not to think too much, after the strategy is clear. It is a very good example for us, how to be a consistently profitable trader, executing as flawlessly as possible. I'd say that talking yourself out of trade won't happen anytime soon for you.
  • #7,206
  • Jul 23, 2015 1:53pm Jul 23, 2015 1:53pm
hey jack there seems to be a little discrepancy with your charts. mine are a standard 18 tick range bar I think your is a `18 range bar met which gives a different look to things heres is my chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 138 KB
  • #7,207
  • Jul 23, 2015 3:06pm Jul 23, 2015 3:06pm
Quoting Divergence
hey jack there seems to be a little discrepancy with your charts. mine are a standard 18 tick range bar I think your is a `18 range bar met which gives a different look to things heres is my chart {image}
Yes, I did think our charts looked a little different but I guess it depends on where the data start point is.

Here's how I've got mine set up within Tradestation.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #24.png Size: 86 KB
  • #7,208
  • Jul 23, 2015 3:35pm Jul 23, 2015 3:35pm
Maybe open up properties and see if there are options
  • #7,209
  • Jul 23, 2015 4:04pm Jul 23, 2015 4:04pm
Not sure what I should be changing to be honest.
Attached Image
  • #7,210
  • Jul 23, 2015 4:10pm Jul 23, 2015 4:10pm
Open up style and maybe options are there. With sierra i have 3 different range settings to chose
  • #7,211
  • Jul 23, 2015 4:58pm Jul 23, 2015 4:58pm
Nothing there. What are your settings, maybe I can see if I can replicate them.
Attached Image
  • #7,212
  • Jul 23, 2015 5:01pm Jul 23, 2015 5:01pm
Dont know maybe in setting you change it from 1 tick to 0 or to 2 and see if it resembles my chart
  • #7,213
  • Jul 24, 2015 3:49am Jul 24, 2015 3:49am
For us Europeans, it's nice to notice that these same principles work across various products in EU trading times too (of course they work). Example being 6E ie. euro/usd futures. Some adjustment needed for targets and stops, while average moves per day differ from CL.

http://gyazo.com/b63d5d111df5debe7c216476b49c5e5f

Upper short arrow is 2dot pullback entry
  • #7,214
  • Jul 24, 2015 5:06am Jul 24, 2015 5:06am
Quoting tdforex
For us Europeans, it's nice to notice that these same principles work across various products in EU trading times too (of course they work). Example being 6E ie. euro/usd futures. Some adjustment needed for targets and stops, while average moves per day differ from CL. http://gyazo.com/b63d5d111df5debe7c216476b49c5e5f Upper short arrow is 2dot pullback entry
Yes interesting, although as with my Crude chart can't seem to get it to match no matter what I do with the settings. Different data providers I guess, although as they're futures you would have thought it wouldn't make a difference. Ho hum.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Range.png Size: 154 KB
  • #7,215
  • Jul 24, 2015 7:06am Jul 24, 2015 7:06am
Quoting JackAntigua
{quote} Yes interesting, although as with my Crude chart can't seem to get it to match no matter what I do with the settings. Different data providers I guess, although as they're futures you would have thought it wouldn't make a difference. Ho hum. {image}
Sorry, can't help. I use ninjatrader
  • #7,216
  • Jul 24, 2015 7:47am Jul 24, 2015 7:47am
Based on my data, there was a 2b entry right off the bat, currently sitting at +10 locked-in and stalling at the highs of the overnight range.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #25.png Size: 60 KB
  • #7,217
  • Jul 24, 2015 7:57am Jul 24, 2015 7:57am
...and would have trailed out for +20. I really should start trading these for real!
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Click to Enlarge Name: Crude Range #26.png Size: 61 KB
  • #7,218
  • Jul 24, 2015 8:06am Jul 24, 2015 8:06am
its not data feed jack you don't have standard range bars which is after price goes to 19 th tick you get new bar you have range met which is when price goes 18 ticks you get a new bar
  • #7,219
  • Jul 24, 2015 8:08am Jul 24, 2015 8:08am
hey jack how did you get tradestation they don't give out demos?
  • #7,220
  • Jul 24, 2015 8:13am Jul 24, 2015 8:13am
Ah, so if I change it from 18 to 19 it should now agree? How does it look now, 19 is on the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #27.png Size: 70 KB
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