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Flag trading the trend

  • #8,041
  • Sep 4, 2015 10:18am Sep 4, 2015 10:18am
hat lomng at 33 that lost
Become the casino
  • #8,042
  • Sep 4, 2015 10:23am Sep 4, 2015 10:23am
Quoting erasmus66
hat lomng at 33 that lost
I don't see a hat there show me picture
  • #8,043
  • Sep 4, 2015 10:28am Sep 4, 2015 10:28am
HERES A PICTURE OF THE HAT WE JUST TRADED. No other hats found
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 113 KB
  • #8,044
  • Sep 4, 2015 10:34am Sep 4, 2015 10:34am
todays recap: 4 wins 1 loss two 1/2 wins at 8 ticks each and a +1 total ticks 62 at 3 lots = 186 ticks a very nice day indeed
  • #8,045
  • Sep 4, 2015 10:41am Sep 4, 2015 10:41am
for now 04 would be your next short area
  • #8,046
  • Sep 4, 2015 10:45am Sep 4, 2015 10:45am
Quoting Divergence
todays recap: 4 wins 1 loss two 1/2 wins at 8 ticks each and a +1 total ticks 62 at 3 lots = 186 ticks a very nice day indeed
I call that "Hitting it out of the park..."

WTG, H

Great weekends to one & all (very wet & windy here...).
  • #8,047
  • Sep 4, 2015 10:50am Sep 4, 2015 10:50am
Quoting jtrade
{quote} I call that "Hitting it out of the park..." WTG, H Great weekends to one & all (very wet & windy here...).
I tip my HAT to you J T
  • #8,048
  • Sep 4, 2015 11:08am Sep 4, 2015 11:08am
17 would be new short spot if your still trading
  • #8,049
  • Sep 4, 2015 11:21am Sep 4, 2015 11:21am
I would move stop to +1
  • #8,050
  • Sep 4, 2015 11:42am Sep 4, 2015 11:42am
Hi
I've been trading similar patterns (especially hat/head&shoulders/3peaks3valleys) on DAX M1 period for a while. But there is a bit of noise to deal with. I would never have thought of using line chart & range bars as a way of clarifying price action. Congratulations & thanks for sharing a very original approach. I'm running rb20 on the DAX in parallel to M1 with good comparable results, so may drop M1. It would be less stressful & I could use more stop orders & less market orders. I trade the London morning session & this morning 0800 - 1200:- 4 x hats & 2 x 123s with trend, only one loss. Not bad for pre NFP Friday & I wouldn't have clocked all those trades on M1 even though they were there to be seen. Can't back test much with range bars as I only have limited history, but all is looking good. Hope the same is true for you guys!

Best wishes

Zee
  • #8,051
  • Sep 4, 2015 11:45am Sep 4, 2015 11:45am
Quoting zhdeef
Hi I've been trading similar patterns (especially hat/head&shoulders/3peaks3valleys) on DAX M1 period for a while. But there is a bit of noise to deal with. I would never have thought of using line chart & range bars as a way of clarifying price action. Congratulations & thanks for sharing a very original approach. I'm running rb20 on the DAX in parallel to M1 with good comparable results, so may drop M1. It would be less stressful & I could use more stop orders & less market orders. I trade the London morning session & this morning 0800 - 1200:-...
great when it comes to picking which size range bar to use you have to do some research its not 1 size fits all. an example is if I would trade emini s and p I would use maybe 6 tick range bar. But yes principle works in any market, also if you get a futures chart like sierra you can then do a thorough backtest to confirm the best range bar setting
  • #8,052
  • Sep 4, 2015 11:59am Sep 4, 2015 11:59am
I'll have a look at Sierra. If I was in a US time zone I would also look at futures but here in UK DAX has lots of volatility & I can spread bet it without paying tax. Broker's spread is just 1 point.

Zee
  • #8,053
  • Sep 4, 2015 12:01pm Sep 4, 2015 12:01pm
Quoting zhdeef
I'll have a look at Sierra. If I was in a US time zone I would also look at futures but here in UK DAX has lots of volatility & I can spread bet it without paying tax. Broker's spread is just 1 point. Zee
then get a demo from sierra or any futures broker like amp . they give you a 15 day trial then you can do a good backtest find the right range and then do you spread betting
  • #8,054
  • Sep 4, 2015 12:19pm Sep 4, 2015 12:19pm
yes sorry made mistake with hat trade ... looking back why wasn't this a trade short at 14:

Attached Image (click to enlarge)
Click to Enlarge Name: cl04sep15.png Size: 92 KB
Become the casino
  • #8,055
  • Sep 4, 2015 12:22pm Sep 4, 2015 12:22pm
Could you make it a line chart so i can look at the pattern
  • #8,056
  • Sep 4, 2015 12:40pm Sep 4, 2015 12:40pm
Ok looked at pattern it was just a LL LH not setup till we get the hat at 21
  • #8,057
  • Sep 4, 2015 1:58pm Sep 4, 2015 1:58pm
If things continue like there going for rest of month like this week i will make 20000
  • #8,058
  • Sep 4, 2015 2:27pm Sep 4, 2015 2:27pm
Quoting Divergence
18 is next short area
Harold why was there trade here:

Attached Image (click to enlarge)
Click to Enlarge Name: cl04sep15a.png Size: 56 KB
Become the casino
  • #8,059
  • Edited 10:24pm Sep 4, 2015 3:41pm | Edited 10:24pm
Quoting erasmus66
{quote} Harold why was there trade here: {image}
that was the 2 pt of the 123 part of the hat look at chart on post 8043
  • #8,060
  • Edited 11:41am Sep 5, 2015 8:34am | Edited 11:41am
Another way of looking at the hat pattern is m and w pattern m for longs w for shorts
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