Attachments: Flag trading the trend

Flag trading the trend

#9,621
Jan 19, 2016 8:07am Jan 19, 2016 8:07am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

well just got playing money with crude 2b short from 66 got up 23 and locked in 15

#9,622
Jan 19, 2016 8:09am Jan 19, 2016 8:09am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

just after I was in crude trade ym had a hat short that's still rolling

#9,623
Jan 19, 2016 8:16am Jan 19, 2016 8:16am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

heres crude setup for those not familiar with my 2b setup

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#9,624
Jan 19, 2016 8:24am Jan 19, 2016 8:24am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

2b long on crude setting up

#9,625
Jan 19, 2016 8:27am Jan 19, 2016 8:27am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

if this candle don't connect cancel

#9,626
Jan 19, 2016 8:50am Jan 19, 2016 8:50am

ddaytrader
Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts

10 points on the ES today. Had the platform set for 2 contracts, then had to close it out and reload it for an update, and it reset back a default of one. So 10 points on one contract. Still pointing things in the right direction.

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#9,627
Jan 19, 2016 8:51am Jan 19, 2016 8:51am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

Quoting ddaytrader

Disliked

10 points on the ES today. Had the platform set for 2 contracts, then had to close it out and reload it for an update, and it reset back a default of one. So 10 points on one contract. Still pointing things in the right direction. {image}

Ignored

and the beat goes on

#9,628
Jan 19, 2016 8:55am Jan 19, 2016 8:55am

jtrade
Joined Feb 2006 | Status: Trader | 1,392 Posts

Quoting ddaytrader

Disliked

10 points on the ES today. Had the platform set for 2 contracts, then had to close it out and reload it for an update, and it reset back a default of one. So 10 points on one contract. Still pointing things in the right direction. {image}

Ignored

Well done ! The worst thing is to have a great session and then realise the platform is still in sim mode (I always switch back to sim when leaving my computer for any length of time).

Still watching the 2b setups here :

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#9,629
Jan 19, 2016 9:01am Jan 19, 2016 9:01am

sanorin
| Joined Dec 2010 | Status: Trader | 23 Posts

Can someone explain what is 2b setup? When Low or High break to other side again?
Where i can download that indicators?

Thanks guys for this stuff

#9,630
Jan 19, 2016 9:03am Jan 19, 2016 9:03am

ddaytrader
Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts

Quoting jtrade

Disliked

{quote} Well done ! The worst thing is to have a great session and then realise the platform is still in sim mode (I always switch back to sim when leaving my computer for any length of time). Still watching the 2b setups here : {image}

Ignored

I don't ever sim so that isn't a problem for me. But this particular platform looks like I will have to remember to set my trade size every time I log on unless I start using a multi bracket, which I might. I'm thinking to set it for profit targets of 4 and 10 points, and take 1/2 at 4 and 1/2 at 10.

But I have to keep reminding myself that this is not about making a lot of money on any one trade, but making a consistent 4 points per day or 20 points per week per contract for a $1K per contract per week profit. If I can do that on the ES and work this account up to 20 contracts, I'll be quite pleased with myself.

#9,631
Jan 19, 2016 9:06am Jan 19, 2016 9:06am

ddaytrader
Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts

Quoting sanorin

Disliked

Can someone explain what is 2b setup? When Low or High break to other side again? Where i can download that indicators? Thanks guys for this stuff

Ignored

Here is a link to a nice article explaining the 2B set up:

http://www.surinotes.com/research/ar..._TJDec2007.pdf

#9,632
Jan 19, 2016 9:09am Jan 19, 2016 9:09am

ddaytrader
Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts

Quoting jtrade

Disliked

Still watching the 2b setups here : {image}

Ignored

That 4 range chart can be really quick at times, I have found. For the ES, I rely largely on the M5 and M15. And I have also found I prefer candle charts for the ES to OHLC bars or line on close. The ES likes to do a lot of little one tick fakeout breakouts or tests. You will see these better focusing on the candles/bars than you will if you focus primarily or solely on the line on close.

#9,633
Jan 19, 2016 9:37am Jan 19, 2016 9:37am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

Quoting sanorin

Disliked

Can someone explain what is 2b setup? When Low or High break to other side again? Where i can download that indicators? Thanks guys for this stuff

Ignored

my version of a 2b is really a broken 123 where the 2 pt is taken out in the reversal

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#9,634
Jan 19, 2016 9:43am Jan 19, 2016 9:43am

jtrade
Joined Feb 2006 | Status: Trader | 1,392 Posts

Quoting Divergence

Disliked

{quote}my version of a 2b is really a broken 123 where the 2 pt is taken out in the reversal {image}

Ignored

H - are you only using 1113t (interesting number !?) for YM at the moment, please ?

#9,635
Jan 19, 2016 9:49am Jan 19, 2016 9:49am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

333 on ym

#9,636
Jan 19, 2016 11:41am Jan 19, 2016 11:41am

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

so heres my recap for today I made an error entering a ym trade by clicking twice so instead of 2 lots it was 4 lots and took a lose. a side note 4 lots entered with no problem so maybe in future will go to 4 lots on ym never the less made 15 on crude with 2 lots for 300 gave it back with this error. had a few more +1 entrys then bagged 25,26, 30 and 20 on ym for a net of 101 with 2 contracts for 1010

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