Flag trading the trend

89 long if nothingh changes

+15

nice work, didnt take it here, mkt seemed too strong to the downside

89 123 back into trend hit target

based on how we determine days trend it was still up till 21 gets taken out

06 long be

Thats a wrap for today 2 +1 trades 1 win

yes same, good work Harold

have been looking at 1 second bar chart to get clearer understanding of how price moves once we engage & have contrasted results of moving sl to be after 12 ticks with moving sl to be after 7 ticks. Here are the results for jul 15 and sep 15(so far):



as expected we get more be trades when we revise sl after 7 ticks(as opposed to 12), but looking just at the win/loss for july the revise after 12 approach has 22 wins and 9 losses whereas the revise after 7 approach has 12 wins and 3 losses so in effect the cost of the additional 10 wins is 6 losses. Similarly for sep: 14 wins & 5 losses vs 10 wins and 2 losses, i.e. the cost of the extra 4 wins is 3 losses. If we add up the difference in wins and losses between both approaches then we get 14 wins and 9 losses. This is a small data sample but looking like it may be better to revise sl to be after 7 rather than 12

I have been moving it at +8. I thought inventories we today there tomorrow. We're there any setups today

thought inventories were today too ... looks like we missed 2 wins and be:

Trend was down I see 4 setups

Ptt 2 of 2b at around 920 and 1004 and 123 around 1030 and 11 which was a hat

Thanks for sharing this, 'ras

no problem jt

been thinking of entering with stop limit order(rather than stop order) so as to eliminate slippage ... anyone got any thoughts?

I may get slipped 1 tick every 100 trades not worth it in my opinion

Not only do I almost always use a Stop Limit, I use one with the Limit set to -1, ie. Stop Limit Long @ 45.50 when triggered sets the Buy Limit at 45.49. Almost always gets filled.... but the times it doesn't are the trades that never have even a single tick of heat...

I started doing this some years back when trading very small range bars, eg. 4 tick range bars, but perhaps I will reset to 0... but as H says, he hardly ever gets slipped, so why bother....

... but on the other hand, at one point I think our friend & mentor (that'd be you, H) was setting a Limit order 5 or 6 ticks back from the entry, ie. assuming a retracement is almost inevitable....

Decisions, decisions...

38 long win from 2b to get back into the trend

inventories today so didn't take it