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Flag trading the trend

  • #8,281
  • Sep 17, 2015 10:38am Sep 17, 2015 10:38am
Quoting erasmus66
might get a late hat
short at 47.00 ???
  • #8,282
  • Sep 17, 2015 10:48am Sep 17, 2015 10:48am
Quoting moonmist
{quote} short at 47.00 ???
crap I closed down platform and of course it won
  • #8,283
  • Sep 17, 2015 10:53am Sep 17, 2015 10:53am
Quoting Divergence
{quote}crap I closed down platform and of course it won
It seems that the hat pattern is quite reliable.
IMHO, the closest to crude oil futures (CL) is gold futures (GC). I may spend some time to see whether GC wears the hat well.
  • #8,284
  • Sep 17, 2015 10:58am Sep 17, 2015 10:58am
Quoting moonmist
{quote} It seems that the hat pattern is quite reliable. IMHO, the closest to crude oil futures (CL) is gold futures (GC). I may spend some time to see whether GC wears the hat well.
gold mores a little more than crude not sure 15 ticks is enough for stop
  • #8,285
  • Sep 17, 2015 10:59am Sep 17, 2015 10:59am
where are you from moonmist
  • #8,286
  • Sep 17, 2015 11:08am Sep 17, 2015 11:08am
Quoting Divergence
{quote}gold mores a little more than crude not sure 15 ticks is enough for stop
You are right. GC may need a 20-tick stop. Also, GC usually trends better than CL.

Just some crazy ideas. I am from Hong Kong.
  • #8,287
  • Sep 17, 2015 11:21am Sep 17, 2015 11:21am
just took a look don't like gold and I don't think it trends better. the way I see it oil runs the world. currency only is used to buy things oil makes things
  • #8,288
  • Sep 17, 2015 12:18pm Sep 17, 2015 12:18pm
Another ugly hat (inverse head and shoulder) pattern that leads to reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: CL-2015-09-17-ElliottWave.png Size: 47 KB
  • #8,289
  • Sep 18, 2015 6:37am Sep 18, 2015 6:37am
has contract switched to clx?
Become the casino
  • #8,290
  • Sep 18, 2015 6:46am Sep 18, 2015 6:46am
Quoting erasmus66
has contract switched to clx?
Volume at VPOC for the October contract: 715
Volume at VPOC for the November contract: 554

It is close.
  • #8,291
  • Sep 18, 2015 7:23am Sep 18, 2015 7:23am
thanks moon
Become the casino
  • #8,292
  • Sep 18, 2015 7:32am Sep 18, 2015 7:32am
sticking with clv5 probably on Monday the volume will roll over. ok we obviously are in a down trend so lets wait till we get a pb and find setups to get back into the trend
  • #8,293
  • Sep 18, 2015 7:53am Sep 18, 2015 7:53am
Lets go. Unfortunataley big move all ready. At the end of todays trading session would someone post yesterdays valid setups.
  • #8,294
  • Sep 18, 2015 8:20am Sep 18, 2015 8:20am
Quoting ophelimity
Lets go. Unfortunataley big move all ready. At the end of todays trading session would someone post yesterdays valid setups.
here you go
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 129 KB
  • #8,295
  • Sep 18, 2015 8:39am Sep 18, 2015 8:39am
wait for HAT to form
  • #8,296
  • Sep 18, 2015 8:49am Sep 18, 2015 8:49am
the HAT trade does it again from 64
  • #8,297
  • Sep 18, 2015 8:49am Sep 18, 2015 8:49am
win
Become the casino
  • #8,298
  • Sep 18, 2015 8:55am Sep 18, 2015 8:55am
I call it a hat but its commonally called a head and shoulders pattern by which you trade the 123
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 118 KB
  • #8,299
  • Sep 18, 2015 8:59am Sep 18, 2015 8:59am
potential hat to go long
  • #8,300
  • Sep 18, 2015 9:04am Sep 18, 2015 9:04am
hat ruined
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