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Flag trading the trend

  • #8,961
  • Oct 28, 2015 9:56am Oct 28, 2015 9:56am
Quoting ddaytrader
{quote} I think that it always better to trade price action rather than have rules not to trade. I wouldn't recommend taking a position a few minutes before the inventory numbers, but the pre-release and post release trades have been nice, and not just today.
the only reason I don't trade Wednesdays is price action isn't controlled for what I am doing its to erractic 90% of the time. its not that you cant get setups I just choose to trade 4 days with controlled PA remember I am in essence scalping looking to get 15 ticks with 9 tick stop if PA is not controlled well it could hurt me lol. I have had the experience already and that's why I don't trade inventory day
  • #8,962
  • Oct 28, 2015 9:59am Oct 28, 2015 9:59am
Quoting Divergence
there was a perfect hat to short at 45.39 1 minute ago
On the 13r, yes. But the 18r has not indicated a short yet. Possible 123 short at 36 for the counter-trend traders

EDIT: ... or a with trend continuation at 53.
  • #8,963
  • Oct 28, 2015 10:04am Oct 28, 2015 10:04am
Quoting Divergence
{quote}I just choose to trade 4 days
I'm not criticizing ... just sharing my own opinion. You've got a good thing going for yourself and a big kudos to you for sharing it here!
  • #8,964
  • Oct 28, 2015 10:04am Oct 28, 2015 10:04am
they lifted ban and we are sending 75000 barrels of oil a day to mexico wish I knew why that's such a big deal for market to rebound 300 ticks I am glad I gased up yesterday at 1.89
  • #8,965
  • Oct 28, 2015 10:05am Oct 28, 2015 10:05am
Quoting ddaytrader
{quote} I'm not criticizing ... just sharing my own opinion. You've got a good thing going for yourself and a big kudos to you for sharing it here!
who doesn't like a 4 day work week lol
  • #8,966
  • Oct 28, 2015 10:08am Oct 28, 2015 10:08am
the perfect setup
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  • #8,967
  • Oct 28, 2015 10:11am Oct 28, 2015 10:11am
What is surprising to me, at any rate, is how trendy the moves in Bonds, Stocks, and Oils has been this morning. I have grown accustomed to FOMC days being snoozefests until the afternoon rate announcement.
  • #8,968
  • Oct 28, 2015 10:16am Oct 28, 2015 10:16am
bonds steady down oil steady up
  • #8,969
  • Oct 29, 2015 7:32am Oct 29, 2015 7:32am
45 tick range we need to wait
  • #8,970
  • Oct 29, 2015 8:07am Oct 29, 2015 8:07am
might get hat
Become the casino
  • #8,971
  • Oct 29, 2015 8:33am Oct 29, 2015 8:33am
2b long win
  • #8,972
  • Oct 29, 2015 8:34am Oct 29, 2015 8:34am
2b long from 07 original 11 took trade 4 ticks back
  • #8,973
  • Oct 29, 2015 8:38am Oct 29, 2015 8:38am
You still watching both? Or 13 only
  • #8,974
  • Oct 29, 2015 8:47am Oct 29, 2015 8:47am
Quoting degil
You still watching both? Or 13 only
only 13 it removes confusion at least for me
  • #8,975
  • Oct 29, 2015 8:55am Oct 29, 2015 8:55am
Possible hat forming
  • #8,976
  • Oct 29, 2015 9:02am Oct 29, 2015 9:02am
That is what I hoped to hear. I was staying confused when trying to do both...
  • #8,977
  • Oct 29, 2015 9:35am Oct 29, 2015 9:35am
I have decided that even that hat trades I will wait for a 4 tick also so every trade is the same
  • #8,978
  • Oct 29, 2015 9:55am Oct 29, 2015 9:55am
I had a +8 and a +1 that would have both been full wins had I done so ...Thanks
  • #8,979
  • Oct 29, 2015 9:58am Oct 29, 2015 9:58am
Quoting degil
I had a +8 and a +1 that would have both been full wins had I done so ...Thanks
no more +8s either win loss or be
  • #8,980
  • Oct 29, 2015 10:23am Oct 29, 2015 10:23am
if spacing is tight use 5 tick pullback otherwise use 4 on hats use 4 tick pullback. I asked myself this question would u rather miss a trade or take a loss that's why I changed it
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