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Flag trading the trend

  • #8,141
  • Sep 11, 2015 8:13am Sep 11, 2015 8:13am
yes 15 target and stop we have been running at a 79% win rate
  • #8,142
  • Sep 11, 2015 8:16am Sep 11, 2015 8:16am
Thanks - Will keep note of that one.
  • #8,143
  • Sep 11, 2015 11:52am Sep 11, 2015 11:52am
Quoting Divergence
heres chart of trades jubael {image}
i am sorry, but how is the second trade 2b in short direction?
  • #8,144
  • Sep 11, 2015 12:05pm Sep 11, 2015 12:05pm
Quoting tonny47
{quote} i am sorry, but how is the second trade 2b in short direction?
days trend is down that was last low before HH that's the 2b point
  • #8,145
  • Sep 11, 2015 1:05pm Sep 11, 2015 1:05pm
Quoting Divergence
{quote} days trend is down that was last low before HH that's the 2b point
thanks, i think i just misunderstood where you entered. your entry to sell for 2b was triggered in the area where 3rd arrow is pointing...

have you considered/tested trading the frankfurt/london open? or is it just unpractical due to timezone?

also with regards to transaction cost - now that you trade futures, there is bid and ask difference in price, right?
  • #8,146
  • Sep 11, 2015 1:18pm Sep 11, 2015 1:18pm
Quoting tonny47
{quote} thanks, i think i just misunderstood where you entered. your entry to sell for 2b was triggered in the area where 3rd arrow is pointing... have you considered/tested trading the frankfurt/london open? or is it just unpractical due to timezone? also with regards to transaction cost - now that you trade futures, there is bid and ask difference in price, right?
second trade was the 2b which lost third trade was the hat setup at same price as 2b. The us session has the most volume and we need a sessions work of PA to establish days trend. There is no spread just 4.50 comm per lot
  • #8,147
  • Sep 11, 2015 9:52pm Sep 11, 2015 9:52pm
that is pretty cool. i used to play around with german bund futures but there was a 1 tick difference between bid/ask plus commission. long time ago though
  • #8,148
  • Sep 12, 2015 3:26am Sep 12, 2015 3:26am
Great thread. Thanks.
  • #8,149
  • Sep 14, 2015 3:37am Sep 14, 2015 3:37am
anybody's take on whether or not this is a signal:

Attached Image (click to enlarge)
Click to Enlarge Name: cl27aug15.png Size: 28 KB
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  • #8,150
  • Edited 5:01am Sep 14, 2015 4:28am | Edited 5:01am
if days trend was up yes. but it looks like from midnight to your entry no trend at all
  • #8,151
  • Sep 14, 2015 4:58am Sep 14, 2015 4:58am
Hi. Seems interesting thread Does this sistem work only with range bars? Is possible to have those range bars on Metatrader?
  • #8,152
  • Sep 14, 2015 5:51am Sep 14, 2015 5:51am
Quoting Mag357
Hi. Seems interesting thread Does this sistem work only with range bars? Is possible to have those range bars on Metatrader?
@Mag357 - it works best on range bars &, yes, range bars can be plotted in MT4, although you'll have to use the FF search function to find a free range bar indi & follow instructions as to how to set them up. NB. We are primarily trading CL oil futures @$10/tick here, & most of the "regulars" are using either Sierra Chart or NinjaTrader, both of which have range bars as standard (all in the thread).
  • #8,153
  • Sep 14, 2015 6:15am Sep 14, 2015 6:15am
Quoting jtrade
{quote} @Mag357 - it works best on range bars &, yes, range bars can be plotted in MT4, although you'll have to use the FF search function to find a free range bar indi & follow instructions as to how to set them up. NB. We are primarily trading CL oil futures @$10/tick here, & most of the "regulars" are using either Sierra Chart or NinjaTrader, both of which have range bars as standard (all in the thread).
Thank you for the answer.
I will search for the range bar indicator and try to follow you on CL CFD I have on my Metatrader (I guess cfd chart looks the same as future crude oil?).
  • #8,154
  • Sep 14, 2015 6:30am Sep 14, 2015 6:30am
Quoting Divergence
if days trend was up yes. but it looks like from midnight to your entry no trend at all
similar setup albeit the other way round for 8th jun:

Attached Image (click to enlarge)
Click to Enlarge Name: cl08jun15.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cl27aug15.png Size: 30 KB


both cases of more than 1 signal off same setup ... not many examples of this but seems to be reliable on the whole to take the second signal
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  • #8,155
  • Sep 14, 2015 6:44am Sep 14, 2015 6:44am
Quoting erasmus66
{quote} similar setup albeit the other way round for 8th jun: {image} {image} both cases of more than 1 signal off same setup ... not many examples of this but seems to be reliable on the whole to take the second signal
first chart was a hat to go long second a loss followed by a win
  • #8,156
  • Sep 14, 2015 7:11am Sep 14, 2015 7:11am
96 short if nothijng cahnges
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  • #8,157
  • Sep 14, 2015 7:41am Sep 14, 2015 7:41am
make that 07
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  • #8,158
  • Sep 14, 2015 7:44am Sep 14, 2015 7:44am
yep very slow movement
  • #8,159
  • Sep 14, 2015 8:05am Sep 14, 2015 8:05am
now 21
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  • #8,160
  • Sep 14, 2015 8:10am Sep 14, 2015 8:10am
+8
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