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Flag trading the trend

  • #7,381
  • Jul 28, 2015 11:42am Jul 28, 2015 11:42am
Erasmus pist a line chart from march
  • #7,382
  • Jul 28, 2015 11:48am Jul 28, 2015 11:48am
<p>Will examine this get up 20 lock in 5 up 25 lock in 15 30 lock in 20 this might give trade more room
  • #7,383
  • Jul 28, 2015 11:52am Jul 28, 2015 11:52am
here you go: a 2b followed by a 123 from 18 dec 14:

Attached Image (click to enlarge)
Click to Enlarge Name: cl18dec14.png Size: 29 KB
Become the casino
  • #7,384
  • Jul 28, 2015 11:55am Jul 28, 2015 11:55am
From left to right i see 2 hats coming down 1 hat going up
  • #7,385
  • Jul 28, 2015 11:56am Jul 28, 2015 11:56am
Is this one you would take or are you waiting for that cowboy to come along again?
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #45.png Size: 74 KB
  • #7,386
  • Jul 28, 2015 12:03pm Jul 28, 2015 12:03pm
Quoting JackAntigua
Is this one you would take or are you waiting for that cowboy to come along again? {image}
you had cowboy already to short but it zigged instead of zagged so since trend is up look for hat to go long
  • #7,387
  • Jul 28, 2015 12:05pm Jul 28, 2015 12:05pm
Remember reversal against days trend ar top and bottom of market in this case find hat to go long
  • #7,388
  • Jul 28, 2015 12:32pm Jul 28, 2015 12:32pm
Quoting Divergence
Some people call them W and M patterns . short the W buy the M

oh i thought i had the idea but after reading this i'm not so sure i really do.... would you please show/outline an m and a w .... does one leg have to be bigger or smaller than another leg? TYIA
  • #7,389
  • Jul 28, 2015 12:36pm Jul 28, 2015 12:36pm
The pattern looks like a W or a hat thats all its a h and s pattern dont be comfused with the titles/names
  • #7,390
  • Jul 28, 2015 2:47pm Jul 28, 2015 2:47pm
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...
when you say top or bottom of the market, are you referring to the previous days high or low?Thanks
  • #7,391
  • Jul 28, 2015 2:53pm Jul 28, 2015 2:53pm
Quoting bodine
{quote} when you say top or bottom of the market, are you referring to the previous days high or low?Thanks
in my quote you pisted is answer to your questions
  • #7,392
  • Jul 28, 2015 3:18pm Jul 28, 2015 3:18pm
Quoting Divergence
<p>Will examine this get up 20 lock in 5 up 25 lock in 15 30 lock in 20 this might give trade more room
yes i think this might work better Harold. Take today's cl long for example ... here's a 1 min chart:

Attached Image (click to enlarge)
Click to Enlarge Name: cl28jul15b.png Size: 59 KB


if we revise sl to 47.30(rather than 47.35) when price hits 47.44 then we survive the pb to 31 and go on to make +30 rather than +10
Become the casino
  • #7,393
  • Jul 28, 2015 3:20pm Jul 28, 2015 3:20pm
just looked at r18 charts for back test .... will go back through and look at the 1 min charts to see how this affects results - this will take a while
Become the casino
  • #7,394
  • Jul 28, 2015 4:06pm Jul 28, 2015 4:06pm
I am goimg to research a 12 tick stop 24 tick target it seems to bounce around that profit total
  • #7,395
  • Jul 28, 2015 10:38pm Jul 28, 2015 10:38pm
didn't research stop 12 24 target but what I did do is a minor change to allow trade to mature a little bit more when up 20 more stop to +5 all we are giving up is 50 dollars to let trade run a little more then when we get higher lock in the same
  • #7,396
  • Jul 29, 2015 4:26am Jul 29, 2015 4:26am
Not too bad 123 long on r18. Early bird
  • #7,397
  • Jul 29, 2015 4:41am Jul 29, 2015 4:41am
Was it this setup td? My chart is showing it got to +10 but then went down to exit at +1 before then rising again.

This example does suggest that it might be prudent just to give it a just little bit more breathing space, maybe moving to b/e or perhaps -1 once +10 is hit. Clearly though there are lot's of different ways one could change things and without doing a full back test comparing different scenario's it's difficult to know the optimum.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude range #46.png Size: 77 KB
  • #7,398
  • Jul 29, 2015 4:59am Jul 29, 2015 4:59am
There was also a nice entry on the Euro off the lows.
Attached Image (click to enlarge)
Click to Enlarge Name: @EC Range #3.png Size: 76 KB
  • #7,399
  • Jul 29, 2015 5:25am Jul 29, 2015 5:25am
Quoting JackAntigua
Was it this setup td? My chart is showing it got to +10 but then went down to exit at +1 before then rising again. This example does suggest that it might be prudent just to give it a just little bit more breathing space, maybe moving to b/e or perhaps -1 once +10 is hit. Clearly though there are lot's of different ways one could change things and without doing a full back test comparing different scenario's it's difficult to know the optimum. {image}
Exact that. I am not so tight on moving to be. Depends a bit on situation, but in general I am giving a bit more room for the trades
  • #7,400
  • Jul 29, 2015 8:12am Jul 29, 2015 8:12am
There was a 2b short triggered as price traded below 47.47 followed by a 123 short when we below 47.53 (neither show on the chart as we didn't close below those points). I didn't take them as I don't like shorthing close to the low of the day, does anyone have any views?
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #47.png Size: 76 KB
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