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Flag trading the trend

  • #8,121
  • Sep 10, 2015 8:28am Sep 10, 2015 8:28am
Quoting degil
Luck was involved that time..I thought I had another hour before inventories from reading the posts and not checking the calendar for myself..Forgot I am an hour off from y'all..
normally inventories are on Wednesday at 1030 ny time and I don't trade that day to erractic. I didn't check and see they were today because of holiday on Monday. shouldn't have traded today and said if I get 1 loss I would quit for today as it turned out I and making profit to make up for yesterday where I would have had 3 wins and 1 +1
  • #8,122
  • Sep 10, 2015 8:29am Sep 10, 2015 8:29am
that was a quick +1
  • #8,123
  • Sep 10, 2015 8:32am Sep 10, 2015 8:32am
recap 2 wins 2 +8 and a couple +1 very fortunate day
  • #8,124
  • Sep 10, 2015 11:19am Sep 10, 2015 11:19am
hi Erasmus, would you not enter long on the break of the point where yellow arrow is pointing and short where red arrow is pointing? If no, why not? Wouldn't that be valid 2b?

is it because its not end of the trend?
Quoting erasmus66
thought inventories were today too ... looks like we missed 2 wins and be: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: cl09sep15.png Size: 42 KB
  • #8,125
  • Sep 10, 2015 11:35am Sep 10, 2015 11:35am
Quoting tonny47
hi Erasmus, would you not enter long on the break of the point where yellow arrow is pointing and short where red arrow is pointing? If no, why not? Wouldn't that be valid 2b? is it because its not end of the trend?{quote} {image}

the answer to your question is simple, we determine days trend direction from midnight ny time till 830 ny time. In this case days trend is down so we look for only setups to get us back into the trend till high of day gets taken out. The only exception to this rule is when we get a clear HAT formation we take them regardless of days trend. The last red arrow is correct and it is a HAT formation
  • #8,126
  • Sep 10, 2015 2:02pm Sep 10, 2015 2:02pm
ok thanks!
Quoting Divergence
{quote} the answer to your question is simple, we determine days trend direction from midnight ny time till 830 ny time. In this case days trend is down so we look for only setups to get us back into the trend till high of day gets taken out. The only exception to this rule is when we get a clear HAT formation we take them regardless of days trend. The last red arrow is correct and it is a HAT formation
  • #8,127
  • Sep 11, 2015 5:32am Sep 11, 2015 5:32am
+8 from 75 short
Become the casino
  • #8,128
  • Sep 11, 2015 5:40am Sep 11, 2015 5:40am
I saw it only get up 12 first then pb then spiked down to target
  • #8,129
  • Sep 11, 2015 5:46am Sep 11, 2015 5:46am
yep you're right my mistake
Become the casino
  • #8,130
  • Sep 11, 2015 5:48am Sep 11, 2015 5:48am
slow mkt
Become the casino
  • #8,131
  • Sep 11, 2015 6:24am Sep 11, 2015 6:24am
very slow
  • #8,132
  • Sep 11, 2015 6:29am Sep 11, 2015 6:29am
just over 30pt range this first hour
  • #8,133
  • Sep 11, 2015 6:39am Sep 11, 2015 6:39am
yep maybe we will get a setup soon to get back into the trend of day which is down
  • #8,134
  • Sep 11, 2015 7:09am Sep 11, 2015 7:09am
55 short loss
Become the casino
  • #8,135
  • Sep 11, 2015 7:11am Sep 11, 2015 7:11am
yep
  • #8,136
  • Sep 11, 2015 7:30am Sep 11, 2015 7:30am
55 short wins THE HAT
  • #8,137
  • Sep 11, 2015 7:36am Sep 11, 2015 7:36am
missed it
Become the casino
  • #8,138
  • Sep 11, 2015 7:43am Sep 11, 2015 7:43am
Hi,

Would it be possible if someone could post a chart of trades by any chance?

My platform is messing about and is not displaying CL.

Thanks,

J
  • #8,139
  • Sep 11, 2015 8:00am Sep 11, 2015 8:00am
heres chart of trades jubael
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 127 KB
  • #8,140
  • Sep 11, 2015 8:02am Sep 11, 2015 8:02am
Thank you so much divergence !
I assume the 2b lost was because there is a 15 tick stop loss initially ?
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