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Flag trading the trend

  • #7,581
  • Aug 10, 2015 10:05am Aug 10, 2015 10:05am
Recap we had a short from 54 but 2b to get back in trend was 64 long took 9 tick loss and 10 tick gain
  • #7,582
  • Aug 10, 2015 10:18am Aug 10, 2015 10:18am
sorry for my last post and bad entry on long, i was watchig my short trade on a 1-tick candlestick chart and used that for my long entry. ahhhh
  • #7,583
  • Aug 10, 2015 10:22am Aug 10, 2015 10:22am
Quoting tbjohnton
sorry for my last post and bad entry on long, i was watchig my short trade on a 1-tick candlestick chart and used that for my long entry. ahhhh
yikes
  • #7,584
  • Aug 10, 2015 10:40am Aug 10, 2015 10:40am
Quoting erasmus66
{quote} didn't take it either shame day not over yet
Some particular reason not to take a setup, too small point 3?
  • #7,585
  • Aug 10, 2015 10:42am Aug 10, 2015 10:42am
Quoting JackAntigua
Nice looking Euro setup earlier. {image}
Agree, these sombrerors are really nice!
  • #7,586
  • Aug 10, 2015 10:52am Aug 10, 2015 10:52am
Quoting Divergence
Recap we had a short from 54 but 2b to get back in trend was 64 long took 9 tick loss and 10 tick gain
Hi Harold,

I'm a bit confused on getting +10, I thought we were now on +15 (+1 locked in), +20 (+5 locked in), +24 (+15 locked in), +27 (+20 locked in), +30 (target achieved).
  • #7,587
  • Aug 10, 2015 11:05am Aug 10, 2015 11:05am
Quoting Divergence
hope next week will be better. when we get down to this historic lows it seems the follow through isn't always there. trade the setups and manage the trade is all we can do. also again keep in mind when we are in a trend and we get a reversal pattern against the trend that it always forms a 2b to get back into the trend if reversal fails. sometimes we take a loss of 10 but get it back with the setup getting you back into trend.
jack read this. It was late in session when i got up 17 wanted to lock in 10 to cover loss
  • #7,588
  • Aug 10, 2015 11:08am Aug 10, 2015 11:08am
k, ta.
  • #7,589
  • Aug 11, 2015 3:22am Aug 11, 2015 3:22am
Another great setup on the Euro earlier. If only I wasn't such a lazybones and could actually get up at a decent time I might catch some of these!!!
Attached Image (click to enlarge)
Click to Enlarge Name: @EC Range #5.png Size: 45 KB
  • #7,590
  • Aug 11, 2015 4:06am Aug 11, 2015 4:06am
Thanks, Jack, here's the renko version from the secret jtR&D bunker :

Attached Image (click to enlarge)
Click to Enlarge Name: renko.PNG Size: 56 KB
  • #7,591
  • Aug 11, 2015 7:24am Aug 11, 2015 7:24am
nice down trend
Become the casino
  • #7,592
  • Aug 11, 2015 7:28am Aug 11, 2015 7:28am
big one no pullbacks at all
  • #7,593
  • Aug 11, 2015 8:30am Aug 11, 2015 8:30am
1st trade long 67 loss 14 recoup trade short 52 plus 14 break even on the whole thing
  • #7,594
  • Aug 11, 2015 8:33am Aug 11, 2015 8:33am
from beginning of us session moves are very small in contrast to overnight move trade cautiously
  • #7,595
  • Aug 11, 2015 9:23am Aug 11, 2015 9:23am
43.50 long for loss
Become the casino
  • #7,596
  • Aug 11, 2015 9:26am Aug 11, 2015 9:26am
i didn't put trade on market in a trickle down which price takes out low by a few then pb then does it again then pb etc if anything gives us a decent pb then setup to get back in trend
  • #7,597
  • Aug 11, 2015 9:34am Aug 11, 2015 9:34am
we have a 2b i will wait to see if a 123 follows that and then i will take long trade
  • #7,598
  • Aug 11, 2015 9:59am Aug 11, 2015 9:59am
very tough trading lately with yuan being devalued and opec increasing supply.
  • #7,599
  • Aug 11, 2015 10:01am Aug 11, 2015 10:01am
maybe when in a trickle down market it might be best to look for setups to get back into the trend than reversals against it. just talking out loud still staying with what i am doing
  • #7,600
  • Aug 11, 2015 10:15am Aug 11, 2015 10:15am
Or possibly looking for some divergence if trying to trade against a strong trend, of which there is a bit now.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Range #54.png Size: 41 KB
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