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Flag trading the trend

  • #7,681
  • Aug 17, 2015 8:57am Aug 17, 2015 8:57am
Quoting erasmus66
yes saw that ... worked perfectly
I think the strategy going forword is what we discussed take trade setups to get us back into the trend of the day and taking clear hat formations and then use the parlaying approach to maximize profits with 0 risk to our initial investment till we get to 3 lots and just stay there from that point
  • #7,682
  • Aug 17, 2015 9:03am Aug 17, 2015 9:03am
i'm reviewing friday's trade(i.e. sell at 42.48):

Attached Image (click to enlarge)
Click to Enlarge Name: cl14aug15.png Size: 35 KB


under new rules(i.e. 123 following 2b) this trade is not legit as there is no 2b preceding the 123?
Become the casino
  • #7,683
  • Aug 17, 2015 9:35am Aug 17, 2015 9:35am
Quoting erasmus66
i'm reviewing friday's trade(i.e. sell at 42.48): {image} under new rules(i.e. 123 following 2b) this trade is not legit as there is no 2b preceding the 123?
sure there is don't you see the hat . we made a HH HL HH that's the 2b part then a HL but not a HH that's the 123 part
  • #7,684
  • Aug 17, 2015 9:38am Aug 17, 2015 9:38am
heres the chart again erasmus
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 146 KB
  • #7,685
  • Aug 17, 2015 9:55am Aug 17, 2015 9:55am
Was there a 123 to get back into the trend?
  • #7,686
  • Aug 17, 2015 10:06am Aug 17, 2015 10:06am
Inserted Video
  • #7,687
  • Aug 17, 2015 10:12am Aug 17, 2015 10:12am
Quoting Divergence
heres the chart again erasmus {image}
thanks Harold ... i was looking exclusively for the hh hl hh, not hl pattern to trade the reversal, e.g.

Attached Image (click to enlarge)
Click to Enlarge Name: cl14aug15a.png Size: 51 KB


will go back through and add in hh hl hh hl setups
Become the casino
  • #7,688
  • Aug 17, 2015 12:08pm Aug 17, 2015 12:08pm
Quoting jtrade
https://www.youtube.com/watch?v=KhxFKwUyGsA
excellant song very appropriate to what we're doing
  • #7,689
  • Aug 17, 2015 5:41pm Aug 17, 2015 5:41pm
Quoting ophelimity
Was there only one reversal today? Harold how many valid signals does this show? Is bar 34 a 2b? Thanks. {image}
if we were in a downtrend at beginning of session then the hat at bottom would be the entry other than that no signals at all during session heres a chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 109 KB
  • #7,690
  • Aug 17, 2015 8:05pm Aug 17, 2015 8:05pm
Thank you harold.
  • #7,691
  • Aug 18, 2015 6:08am Aug 18, 2015 6:08am
here's an interesting day(7th jul 15) ... what's anyone's take:

Attached Image (click to enlarge)
Click to Enlarge Name: cl07jul15a.png Size: 37 KB


firstly sell the 2b continuation for +5, then buy the reversal for +30 then sell the continuation trade for +20?
Become the casino
  • #7,692
  • Aug 18, 2015 7:46am Aug 18, 2015 7:46am
is the 1st signal a trade here on 10th jul:

Attached Image (click to enlarge)
Click to Enlarge Name: cl10jul15a.png Size: 30 KB
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  • #7,693
  • Aug 18, 2015 7:53am Aug 18, 2015 7:53am
Quoting erasmus66
is the 1st signal a trade here on 10th jul: {image}
no the second one is. the first one was a LL LH LL LH LL
  • #7,694
  • Aug 18, 2015 8:05am Aug 18, 2015 8:05am
cheers Harold - have you switched to clv5?
Become the casino
  • #7,695
  • Aug 18, 2015 8:08am Aug 18, 2015 8:08am
just did better looking chart and volume almost the same
  • #7,696
  • Aug 18, 2015 8:15am Aug 18, 2015 8:15am
Quoting Divergence
just did better looking chart and volume almost the same
yep
Become the casino
  • #7,697
  • Aug 18, 2015 8:22am Aug 18, 2015 8:22am
10th jul revised:

Attached Image (click to enlarge)
Click to Enlarge Name: cl10jul15b.png Size: 28 KB


1st trade +20, 2nd trade +20
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  • #7,698
  • Aug 18, 2015 8:43am Aug 18, 2015 8:43am
Quoting erasmus66
10th jul revised: {image} 1st trade +20, 2nd trade +20
Erasmus I think you may have misunderstood me. the second short is correct but the only time I will trade against the trend is with a clear hat formation h and s
  • #7,699
  • Aug 18, 2015 9:10am Aug 18, 2015 9:10am
bought the continuation at 56 then reversed it at 49 for +20 so net total is +13
Become the casino
  • #7,700
  • Aug 18, 2015 9:16am Aug 18, 2015 9:16am
Quoting erasmus66
bought the continuation at 56 then reversed it at 49 for +20 so net total is +13
yeh I only took the 56 long for a loss . as I said I will only take setups to get back into trend or clear hat formations for reversals
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