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Flag trading the trend

  • #9,001
  • Nov 3, 2015 9:00am Nov 3, 2015 9:00am
Quoting Divergence
Rats got up 13 off 2b long moved target to get 13 as it pulled back but went straight to +1
tough luck H
Become the casino
  • #9,002
  • Nov 3, 2015 9:11am Nov 3, 2015 9:11am
A break of 97 entry at 92
  • #9,003
  • Nov 3, 2015 10:56am Nov 3, 2015 10:56am
Hi,

Is there anyone who could recommend a similar setup for MT4 or a template to use?

Also, are there any rules for what constitutes a 'Hat', '1.2.3', '2b', W or M.

Great thread.

Cheers

Moonie.
  • #9,004
  • Nov 3, 2015 11:57am Nov 3, 2015 11:57am
Quoting Moonie
Hi, Is there anyone who could recommend a similar setup for MT4 or a template to use? Also, are there any rules for what constitutes a 'Hat', '1.2.3', '2b', W or M. Great thread. Cheers Moonie.
sorry moonist these line charts are based on 13 tick range bars which mt4 doesn't have
  • #9,005
  • Nov 3, 2015 1:02pm Nov 3, 2015 1:02pm
Thanks for the reply Divergence, good luck with this system.

Moonie.


Quoting Divergence
{quote} sorry moonist these line charts are based on 13 tick range bars which mt4 doesn't have
  • #9,006
  • Nov 4, 2015 8:31am Nov 4, 2015 8:31am
Quoting Moonie
Thanks for the reply Divergence, good luck with this system. Moonie. {quote}
Actually, if Moonie uses his search skills he will find a range bar indi for MT4. You have to set up what are called offline charts (even though they are in fact online)... some are / used to be free and will allow you to chart range bars in MT4. Then, when ready to trade live after years of practise, you can get a Live futures account and be an oil trader .

Quote
Also, are there any rules for what constitutes a 'Hat', '1.2.3', '2b', W or M.

Only 9,000 posts to read and your questions will be answered :nerd: ... well, start @ post 8643 and only read Divergence's posts, that should reduce the load...

Edit : @Moonie : where's the trimaran ?
  • #9,007
  • Nov 5, 2015 5:05am Nov 5, 2015 5:05am
Hi JT,

The trimaran was in Cornwall (UK), not mine unfortunately.

Thanks for the hint about the range bar indicator for MT4. I have used 'Renko' bars in the past which use offline charts, are these the same sort of thing?

Moonie.



Quoting jtrade
{quote} Actually, if Moonie uses his search skills he will find a range bar indi for MT4. You have to set up what are called offline charts (even though they are in fact online)... some are / used to be free and will allow you to chart range bars in MT4. Then, when ready to trade live after years of practise, you can get a Live futures account and be an oil trader . {quote} Only 9,000 posts to read and your questions will be answered :nerd: ... well, start @ post 8643 and only read Divergence's posts, that should reduce the load... Edit...
  • #9,008
  • Nov 5, 2015 6:47am Nov 5, 2015 6:47am
Quoting Moonie
I have used 'Renko' bars in the past which use offline charts, are these the same sort of thing? Moonie. {quote}
That's it - similar way to load (although range bars differ very much in their formation from Renko)..

This is from the Commercial Section, but seems to include 180 days free trial : http://www.forexfactory.com/showthread.php?t=483951 (but there definitely used to be free stuff out there, maybe even here at FF).
  • #9,009
  • Nov 5, 2015 8:31am Nov 5, 2015 8:31am
123 setting up
  • #9,010
  • Nov 5, 2015 8:42am Nov 5, 2015 8:42am
no entry for reversal ... might get back in trend signal
Become the casino
  • #9,011
  • Nov 5, 2015 10:12am Nov 5, 2015 10:12am
might get hat
Become the casino
  • #9,012
  • Nov 5, 2015 10:25am Nov 5, 2015 10:25am
crap +1
  • #9,013
  • Nov 5, 2015 10:27am Nov 5, 2015 10:27am
same here
Become the casino
  • #9,014
  • Nov 5, 2015 10:29am Nov 5, 2015 10:29am
thinking about going back to original entry criteria as seem to be missing a lot of entries
Become the casino
  • #9,015
  • Nov 5, 2015 10:38am Nov 5, 2015 10:38am
been looking at another possible entry when we get a 123 whether at top or bottom of market or to get back into trend what I have seen is this if we don't get triggered and trade goes to target in essence we have a wave 3 then the pullback is wave 4 to enter out of the box where wave 3 ended looks like a good setup. so we keep same stop and target. now if it happens to nip you out just reenter because when you risk 9 to get 15 even a loss followed by a win makes you profit heres a chart
Attached Image (click to enlarge)
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  • #9,016
  • Nov 5, 2015 11:08am Nov 5, 2015 11:08am
Long 97
  • #9,017
  • Nov 5, 2015 11:13am Nov 5, 2015 11:13am
And another +1
  • #9,018
  • Nov 5, 2015 11:54am Nov 5, 2015 11:54am
interesting Harold .. will have a look at this
Become the casino
  • #9,019
  • Nov 5, 2015 11:56am Nov 5, 2015 11:56am
thanks for sharing
Become the casino
  • #9,020
  • Edited 11:20am Nov 6, 2015 8:12am | Edited 11:20am
Quoting Divergence
been looking at another possible entry when we get a 123 whether at top or bottom of market or to get back into trend what I have seen is this if we don't get triggered and trade goes to target in essence we have a wave 3 then the pullback is wave 4 to enter out of the box where wave 3 ended looks like a good setup. so we keep same stop and target. now if it happens to nip you out just reenter because when you risk 9 to get 15 even a loss followed by a win makes you profit heres a chart {image}
Yes - I see what you've shown as "123 swing continuation trades" and usually take them.

From the jtLive R&D Dept (just heard "Stop Filled" whilst typing) a "9 tick range 123 swing reversal with hot fudge sauce":

Attached Image
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