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Flag trading the trend

  • #8,521
  • Sep 28, 2015 12:20pm Sep 28, 2015 12:20pm
Hi Harry. Great work. I never gave up on 13 range chart. I just never mentioned it here as we were focused on the 18 range bar.

So here is how i view the 13 and 18 range on one chart. Many options. One chart. Sierra is awesome when it comes to this stuff..

http://www.sierrachart.com/image.php...3460649795.png
  • #8,522
  • Sep 28, 2015 12:25pm Sep 28, 2015 12:25pm
Quoting ophelimity
Hi Harry. Great work. I never gave up on 13 range chart. I just never mentioned it here as we were focused on the 18 range bar. So here is how i view the 13 and 18 range on one chart. Many options. One chart. Sierra is awesome when it comes to this stuff.. http://www.sierrachart.com/image.php...3460649795.png
nteresting I just have 1 chart next to another gives me better visual which is what this is all about
  • #8,523
  • Sep 28, 2015 12:30pm Sep 28, 2015 12:30pm
I will do august and post results
  • #8,524
  • Sep 28, 2015 1:15pm Sep 28, 2015 1:15pm
ok trading 3 lots august didn't do as well as September it only made 1670 ticks equating out to 16700 maybe we should squash it or not lol
  • #8,525
  • Sep 28, 2015 1:32pm Sep 28, 2015 1:32pm
I see, I like the 13 tick charts over the 18 ticks. Maybe Because my charts are different on CQG. I can't wait to migrate to Sierra.
It is funny how August gave so much when summer is meant to be the dog days of trading. Swing trading FX was just ridiculous.
  • #8,526
  • Sep 28, 2015 1:40pm Sep 28, 2015 1:40pm
Quoting jubael
I see, I like the 13 tick charts over the 18 ticks. Maybe Because my charts are different on CQG. I can't wait to migrate to Sierra. It is funny how August gave so much when summer is meant to be the dog days of trading. Swing trading FX was just ridiculous.
oil controls world. It seems when nothing is setting up on 18 we get one on 13 I like what I am seeing. It's like getting a major raise in pay
  • #8,527
  • Sep 28, 2015 1:43pm Sep 28, 2015 1:43pm
Only need Oil to make a good income . I'm with you mate, 13 is defo going to give a good bump in pay!
  • #8,528
  • Sep 28, 2015 1:52pm Sep 28, 2015 1:52pm
Agreed so to those attempting to do this start now with 1 lot get up 30 ticks after a loss then go to 2 lots then when up 90 ticks after a loss go to 3 contracts. From then on trade 3 lots at end of month take out initial money you put in and trade with profits from them on drawing out profit every month leaving 6000 in acct to trade there's the whole plan in a nutshell
  • #8,529
  • Sep 28, 2015 2:57pm Sep 28, 2015 2:57pm
Great results set Harold ... reviewing today for r13 i made it 1 b/e, 2 losses and a win:

Attached Image (click to enlarge)
Click to Enlarge Name: cl28sep15.png Size: 38 KB
Become the casino
  • #8,530
  • Sep 28, 2015 3:10pm Sep 28, 2015 3:10pm
Yep got the same
  • #8,531
  • Sep 28, 2015 3:26pm Sep 28, 2015 3:26pm
2nd loss coincided with r18 loss so policy is just take whichever comes in first?
Become the casino
  • #8,532
  • Sep 28, 2015 3:29pm Sep 28, 2015 3:29pm
Quoting erasmus66
2nd loss coincided with r18 loss so policy is just take whichever comes in first?

if same signal take best price these 2 losses were part of the 8 losses for the month
  • #8,533
  • Sep 28, 2015 3:46pm Sep 28, 2015 3:46pm
cheers H .. yes rough day today they happen let's go again tomorrow
Become the casino
  • #8,534
  • Sep 28, 2015 7:04pm Sep 28, 2015 7:04pm
July results trading 3 contracts 1459 ticks I am now convinced using 13 and 18 together is the way to go
  • #8,535
  • Sep 29, 2015 4:54am Sep 29, 2015 4:54am
Morning Divergence,

When we enter at the high/low of the range line chart, we do not consider the wicks do we? Just follow the line entry one tick above/below?
  • #8,536
  • Sep 29, 2015 7:12am Sep 29, 2015 7:12am
Hi, one part of it is to take 2b at top of market, but how do we know it's the top and not trend continuation?​

Trend direction: Say we get the downtrend from midnite we are down right, but for the trend change are we using the usual higher Low break of 2 for change from bear to bull and vice versa?


Are their any restrictions on the size of the pattern, can we look at larger fractal patterns as signals?
  • #8,537
  • Sep 29, 2015 7:23am Sep 29, 2015 7:23am
the answer to these 2 questions is we are using line charts so its closing price and we take 2b and 123 to get back into days trend
  • #8,538
  • Sep 29, 2015 7:28am Sep 29, 2015 7:28am
Ok, thank you Divergence. Trend from midnite is up. So we are looking for 123 and 2b in up direction.​
  • #8,539
  • Sep 29, 2015 8:08am Sep 29, 2015 8:08am
So that means wait for candle to close at the break rather than enter as price pierces. Because the line could be an entry for a pattern but turn around right?
  • #8,540
  • Sep 29, 2015 8:15am Sep 29, 2015 8:15am
Quoting jubael
So that means wait for candle to close at the break rather than enter as price pierces. Because the line could be an entry for a pattern but turn around right?
we are looking for the patterns via a line chart so we use only closing price.no bars or candlesticks involved
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