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Flag trading the trend

  • #7,401
  • Jul 29, 2015 8:36am Jul 29, 2015 8:36am
Yes sell higher.
  • #7,402
  • Jul 29, 2015 9:26am Jul 29, 2015 9:26am
going through apr 15 looking at when to adjust sl(will post findings when done) .. came across 16 apr - price make new low and forms 123 followed by another 123 - do you take 1st or 2nd entry:

Attached Image (click to enlarge)
Click to Enlarge Name: cl16apr15.png Size: 30 KB
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  • #7,403
  • Jul 29, 2015 9:31am Jul 29, 2015 9:31am
Quoting erasmus66
going through apr 15 looking at when to adjust sl(will post findings when done) .. came across 16 apr - price make new low and forms 123 followed by another 123 - do you take 1st or 2nd entry: {image}
probably neither looks like sideways action but if you took both results are probably the same loss followed by win then higher up 123 to get back intp trend
  • #7,404
  • Jul 29, 2015 9:40am Jul 29, 2015 9:40am
Quoting erasmus66
going through apr 15 looking at when to adjust sl(will post findings when done) .. came across 16 apr - price make new low and forms 123 followed by another 123 - do you take 1st or 2nd entry: {image}
there is a post somewhere in this thread where someone explains better than i, i'm sure.


  • #7,405
  • Jul 29, 2015 9:44am Jul 29, 2015 9:44am
many thanks guys
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  • #7,406
  • Jul 29, 2015 9:49am Jul 29, 2015 9:49am
When looking for reversals against days trend you want them to be clean where theres no congestion. If there is just let price pb and wait for setup to get into days trend which is sell higher buy lower
  • #7,407
  • Jul 29, 2015 9:52am Jul 29, 2015 9:52am
Have they just announced they can't find the keys to the oil store ?!!!
  • #7,408
  • Jul 29, 2015 9:57am Jul 29, 2015 9:57am
Crap i forgot to hang them up last night
  • #7,409
  • Jul 29, 2015 10:01am Jul 29, 2015 10:01am
Hey guys, again long time no see I am not sure if anyone noticed, but there was a 2b on CL (sell 40) and a 123 on BRN (sell 58) a little after inventories, both ended as a loss. Looking at the line chart its not visible. It is hard to backtest these setups. What do you think?
  • #7,410
  • Jul 29, 2015 10:04am Jul 29, 2015 10:04am
Quoting Dufoo
Hey guys, again long time no see I am not sure if anyone noticed, but there was a 2b on CL (sell 40) and a 123 on BRN (sell 58) a little after inventories, both ended as a loss. Looking at the line chart its not visible. It is hard to backtest these setups. What do you think?
what time did they trigger
  • #7,411
  • Jul 29, 2015 10:10am Jul 29, 2015 10:10am
The Crude one was about 25 minutes ago. I had it marked up but I didn't fancy it as price was climbing so quickly.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #48.png Size: 72 KB
  • #7,412
  • Jul 29, 2015 10:10am Jul 29, 2015 10:10am
Can someone post a crude and brent chart
  • #7,413
  • Jul 29, 2015 10:13am Jul 29, 2015 10:13am
Quoting JackAntigua
The Crude one was about 25 minutes ago. I had it marked up but I didn't fancy it as price was climbing so quickly. {image}

thats not even a setup you have to have a closing high a closing low amd a closing high for a 2b and not a closing high for 123 we also have to wait 5 or 10 minutes after news the spot around 4880 is 2b point
  • #7,414
  • Jul 29, 2015 10:20am Jul 29, 2015 10:20am
Quoting Divergence
{quote} thats not even a setup you have to have a closing high a closing low amd a closing high for a 2b and not a closing high for 123 we also have to wait 5 or 10 minutes after news the spot around 4880 is 2b point
Just switch to bar chart, there is a HH, HL, HH then it triggers 40 and quickly goes up and makes one more HH. On a line chart you cannot see it
Attached Image
  • #7,415
  • Jul 29, 2015 10:21am Jul 29, 2015 10:21am
Ah yes, that makes sense.

Something annoying though, I just had a look at the 15 min and noticed the divergence at the lows. I hate it when that happens!
Attached Image (click to enlarge)
Click to Enlarge Name: Crude 15 min #3.png Size: 39 KB
  • #7,416
  • Jul 29, 2015 10:30am Jul 29, 2015 10:30am
So trigger happened what 3 to 5 minutes after news?
  • #7,417
  • Jul 29, 2015 10:31am Jul 29, 2015 10:31am
here's brent r18 candles:

Attached Image (click to enlarge)
Click to Enlarge Name: br59jul15.png Size: 66 KB
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  • #7,418
  • Jul 29, 2015 10:32am Jul 29, 2015 10:32am
br also just gave a 90 long win
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  • #7,419
  • Jul 29, 2015 10:32am Jul 29, 2015 10:32am
Quoting Divergence
So trigger happened what 3 to 5 minutes after news?
Around 8 min
  • #7,420
  • Jul 29, 2015 10:32am Jul 29, 2015 10:32am
Quoting erasmus66
br also just gave a 90 long win
Yes
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