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Flag trading the trend

  • #8,481
  • Sep 25, 2015 10:20am Sep 25, 2015 10:20am
might get one last chance here at 38 ... will give it 10 mins
Become the casino
  • #8,482
  • Sep 25, 2015 10:36am Sep 25, 2015 10:36am
nothing for me today .. good w/e all
Become the casino
  • #8,483
  • Sep 25, 2015 11:01am Sep 25, 2015 11:01am
oil market on steroids today. Gave back my +37 not happy camper.
  • #8,484
  • Sep 25, 2015 12:06pm Sep 25, 2015 12:06pm
Quoting ophelimity
oil market on steroids today. Gave back my +37 not happy camper.
I had no trades today and am not a happy camper but no money lost so on to monday
  • #8,485
  • Sep 25, 2015 1:23pm Sep 25, 2015 1:23pm
Quoting Divergence
{quote}I had no trades today and am not a happy camper but no money lost so on to Monday
Hi Divergence,

Are you still working on the bull/bear flag with indicators ?

http://www.elitetrader.com/et/index....1#post-4077218
  • #8,486
  • Sep 25, 2015 1:46pm Sep 25, 2015 1:46pm
Quoting moonmist
{quote} Hi Divergence, Are you still working on the bull/bear flag with indicators ? http://www.elitetrader.com/et/index....1#post-4077218
nope just this
  • #8,487
  • Sep 26, 2015 10:33am Sep 26, 2015 10:33am
As usual I am always in research mode. When coming up with 18 tick range bars I did test other numbers but 18 gave best result. Second best was 13 tick but those tests were based on getting 20 or 30. I just took a look at 13 tick again using our strategy for stop and target but what I did was have chart next to 18 range bar chart and took which ever one gave a signal first and all I can say is WOW!!! So if both are giving the same setup say a 123 or 2b which ever price is better use that one and it seems the 18 most of the time had the better entry price which is kinda strange. What I saw alot of was 13 gave signal went to a win amd the pb and setup on 18 and went to a win. So this is how I will play it going forword. There was a setup yesterday on 13 tick chart that won.
  • #8,488
  • Edited 5:34pm Sep 26, 2015 5:22pm | Edited 5:34pm
Quoting Divergence
As usual I am always in research mode. When coming up with 18 tick range bars I did test other numbers but 18 gave best result. Second best was 13 tick but those tests were based on getting 20 or 30. I just took a look at 13 tick again using our strategy for stop and target but what I did was have chart next to 18 range bar chart and took which ever one gave a signal first and all I can say is WOW!!! So if both are giving the same setup say a 123 or 2b which ever price is better use that one and it seems the 18 most of the time had the better entry...
Can you elaborate on this idea by some charts ?
Thanks.
  • #8,489
  • Sep 26, 2015 6:59pm Sep 26, 2015 6:59pm
Quoting moonmist
{quote} Can you elaborate on this idea by some charts ? Thanks.
chart on left is 13 tick range bar line chart. trend was down these were all winning trades there was 1 BE
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 92 KB
  • #8,490
  • Sep 27, 2015 3:20am Sep 27, 2015 3:20am
As always, H, thanks for sharing your research.

Over the many years I have been trading, I have often charted multiple time frames - or in this case range periods - to try not to miss good trades. It can be a great way to go.... but I often wonder if I just kept things really simple and stuck to one chart of one instrument, might I have been much more consistently successful ?

I mean who cares if there are days without trades ?

I was chatting last week with 60minuteman (as one does... he's got his own forum now) about Clarity. We're all clear that we want to make money, that we need a method with positive expectancy and we need to apply this consistently, right ? But what I think 99.99% of traders miss is the need to be crystal clear within and about ourselves : only by doing this will we ever come to terms with what prevents us from succeeding at something as frustratingly simple - but not in the least bit easy - as trading.

Just a Sunday morning opinion from this old Buddhist-sympathising, Advaita-loving, Presbyterian pescatarian, whilst maintaining a positive outlook ... like Brian here (no offence meant to my more devout friends) :

Inserted Video
  • #8,491
  • Sep 27, 2015 12:24pm Sep 27, 2015 12:24pm
Im new and i want to learn price action using flags. !
  • #8,492
  • Sep 28, 2015 7:29am Sep 28, 2015 7:29am
might get hat long
Become the casino
  • #8,493
  • Sep 28, 2015 7:30am Sep 28, 2015 7:30am
hat forming
  • #8,494
  • Sep 28, 2015 7:31am Sep 28, 2015 7:31am
90 long if this closes down
Become the casino
  • #8,495
  • Sep 28, 2015 7:32am Sep 28, 2015 7:32am
ll cancel
Become the casino
  • #8,496
  • Sep 28, 2015 7:40am Sep 28, 2015 7:40am
Quoting erasmus66
ll cancel
cancel ? why ?
  • #8,497
  • Sep 28, 2015 7:44am Sep 28, 2015 7:44am
made ll at 75 so head now at 75 ... might set up again waiting for another shoulder
Become the casino
  • #8,498
  • Sep 28, 2015 7:45am Sep 28, 2015 7:45am
Quoting moonmist
{quote} cancel ? why ?
hat didn't form it was just a LL
  • #8,499
  • Sep 28, 2015 7:46am Sep 28, 2015 7:46am
anyone sell r13 at 79
Become the casino
  • #8,500
  • Sep 28, 2015 7:55am Sep 28, 2015 7:55am
Quoting erasmus66
made ll at 75 so head now at 75 ... might set up again waiting for another shoulder
Quoting Divergence
{quote}hat didn't form it was just a LL
Thanks.
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