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Flag trading the trend

  • #7,261
  • Jul 25, 2015 6:59am Jul 25, 2015 6:59am
Stops would be a lot bigger but results still the same
  • #7,262
  • Jul 27, 2015 1:34am Jul 27, 2015 1:34am
Quoting JackAntigua
{quote} 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. {image}
Jack - try switching the timezone from Local (as you are in the UK) to Natural - this should start your chart bars at the same time as Harold's - and use Momentum bars, not Range (put up 2 charts side by side to see the difference; there's a very slight difference in construction : they are just different range bar types.) Try one or the other or both and you may match H's charts...

I'd do it for you, but having returned late last night from my Swiss yodelling trip, 'have not opened TS (not using it much these days, as I prefer Ninja for day trading).

... but as I always say, just trade what you see : it doesn't really matter if your charts match anyone else's... it could even be an advantage .
  • #7,263
  • Jul 27, 2015 4:33am Jul 27, 2015 4:33am
Quoting jtrade
{quote} Jack - try switching the timezone from Local (as you are in the UK) to Natural - this should start your chart bars at the same time as Harold's - and use Momentum bars, not Range (put up 2 charts side by side to see the difference; there's a very slight difference in construction : they are just different range bar types.) Try one or the other or both and you may match H's charts... I'd do it for you, but having returned late last night from my Swiss yodelling trip, 'have not opened TS (not using it much these days, as I prefer Ninja for...
Ah ha, thanks jtrade. Changing the session doesn't seem to alter things but it certainly solves the 18 or 19 range conundrum.

Well yodelled !
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range v Momentum.png Size: 80 KB
  • #7,264
  • Jul 27, 2015 6:04am Jul 27, 2015 6:04am
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
Now I've got my data query sorted out, I've started to look at Euro futures a bit more closely. There was a very nice 123 earlier which would have trailed out at +25 using the same targets and stop as for Crude.
Attached Image (click to enlarge)
Click to Enlarge Name: @EC Range #1.png Size: 46 KB
  • #7,265
  • Jul 27, 2015 7:01am Jul 27, 2015 7:01am
well theres no doubt we are in a downtrend on crude and brent
  • #7,266
  • Edited 7:55am Jul 27, 2015 7:41am | Edited 7:55am
Quoting JackAntigua
{quote} Now I've got my data query sorted out, I've started to look at Euro futures a bit more closely. There was a very nice 123 earlier which would have trailed out at +25 using the same targets and stop as for Crude. {image}
don't know if 18 tick range is right number for euro it doesn't move as big as crude you would have to do research. off the top of my head I think 10 might be the number
  • #7,267
  • Jul 27, 2015 7:48am Jul 27, 2015 7:48am
Quoting Divergence
{quote}don't know if 18 tick range is right number for euro it doesn't move as big as crude you would have to do research. of top of my head I think 10 might be the number
I use R10 & R13. Also, you have to take into account different tick size in $.
  • #7,268
  • Jul 27, 2015 8:04am Jul 27, 2015 8:04am
we are setup right now
  • #7,269
  • Jul 27, 2015 8:09am Jul 27, 2015 8:09am
Yes, I've been using 13 on Euro as suggested by TD.

You interested in the 2b on Crude? Heavily countertrend of course, for that reason I'm not taking it..
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #34.png Size: 49 KB
  • #7,270
  • Jul 27, 2015 8:23am Jul 27, 2015 8:23am
brent loss we had 2b now a 123 has followed on both crude and brent
  • #7,271
  • Jul 27, 2015 8:25am Jul 27, 2015 8:25am
That would have been a loss on Crude also. 123 possibly also setting up.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #35.png Size: 54 KB
  • #7,272
  • Jul 27, 2015 8:33am Jul 27, 2015 8:33am
crude 123 to get back in trend at 50
  • #7,273
  • Jul 27, 2015 8:35am Jul 27, 2015 8:35am
stop to +1
  • #7,274
  • Jul 27, 2015 8:36am Jul 27, 2015 8:36am
Isn't that a continuation move? I would have thought a new high needs to be made first?
  • #7,275
  • Jul 27, 2015 8:37am Jul 27, 2015 8:37am
+1
  • #7,276
  • Jul 27, 2015 8:46am Jul 27, 2015 8:46am
Quoting JackAntigua
Isn't that a continuation move? I would have thought a new high needs to be made first?
heres setup wished it didn't go down 15
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 135 KB
  • #7,277
  • Jul 27, 2015 8:52am Jul 27, 2015 8:52am
Quoting Divergence
{quote} heres setup wished it didn't go down 15 {image}
Yes but it's a continuation entry and I though we didn't trade those.
  • #7,278
  • Jul 27, 2015 9:06am Jul 27, 2015 9:06am
Quoting JackAntigua
{quote} Yes but it's a continuation entry and I though we didn't trade those.
a continuation move is where we make a lower low and a lower high then a lower low. here we made a higher high a higher low but not a higher high which is what a 123 is
  • #7,279
  • Jul 27, 2015 9:07am Jul 27, 2015 9:07am
123 on brent
  • #7,280
  • Jul 27, 2015 9:14am Jul 27, 2015 9:14am
stop to +1
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