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Flag trading the trend

  • #9,701
  • Jan 21, 2016 12:33pm Jan 21, 2016 12:33pm
Hey cable guy I am looking at your charts I see so many more setups that you trade also when in profit you don't move stop
  • #9,702
  • Jan 21, 2016 4:25pm Jan 21, 2016 4:25pm
Quoting ddaytrader
Big range, but a trading range day thus far nonetheless. I am currently +$27.66 for the day after commissions. Due to the chopchop, my broker has made considerably more than I have. I will watch a bit longer to see if we get either bull breakout rally mode or a failed breakout short, but otherwise I will break for lunch soon, and I may or may not come back this afternoon to see if there are better conditions for me to trade my style.
So I didn't touch the ES after lunch. But what I did do was look at D's charts and then the YM, and then D's charts and then the MACD and then I got to playing around because think I may have noticed an impressive winning pattern for short trades on the YM. I am going to take a day or two off from the ES to do some sim trading and backtesting of this pattern, and if it is as good as it looks, I'll post it here.
  • #9,703
  • Jan 21, 2016 4:42pm Jan 21, 2016 4:42pm
Quoting ddaytrader
{quote} So I didn't touch the ES after lunch. But what I did do was look at D's charts and then the YM, and then D's charts and then the MACD and then I got to playing around because think I may have noticed an impressive winning pattern for short trades on the YM. I am going to take a day or two off from the ES to do some sim trading and backtesting of this pattern, and if it is as good as it looks, I'll post it here.
let me know if I can help. Sometimes when we are trading one way our eyes have to adjust to something different. Basically it's just 2 setups 123 and my version of a 2b. If the pattern is formed and macd crossed enter out of box if not let it close twice below pt 2 and trade pb to pt 2 as long as macd is crossed that's all there is
  • #9,704
  • Jan 21, 2016 4:43pm Jan 21, 2016 4:43pm
Quoting Divergence
ok my best day yet 10 winning trades 1 loss. 7 +30 wins 1 +25 win 1 +20 win and 1 +15 for +270 ticks minus 1 -15 total net 255 ticks with 2 contracts 2550 dollars for the day WHAT A CASH COW THE YM IS !!!!!!!
Awesome trading, D. You are definitely in the zone!
  • #9,705
  • Jan 21, 2016 4:48pm Jan 21, 2016 4:48pm
Quoting ddaytrader
{quote} Awesome trading, D. You are definitely in the zone!
I know eventually things will slow down to the 4 to 6 trades I usually get but as long as it pumping I might as well squeeze this orange of all its juice
  • #9,706
  • Jan 22, 2016 1:33am Jan 22, 2016 1:33am
Quoting Divergence
{quote} I know eventually things will slow down to the 4 to 6 trades I usually get but as long as it pumping I might as well squeeze this orange of all its juice
Great trading D! Do you still look at overall trend from noon to decide on trading direction of your set-ups or you just base it on the crossing direction of the MACD? From one of your charts, it looked like the overall trend was up and you short it with 123 because of confirmed mom crossing down.

After taking a trade out of the box and also the next pullback to point 2, do you wait for the next crossing on MACD or to carry on regardless. I noticed the higher odds are the first two trades after mom is confirmed.
  • #9,707
  • Jan 22, 2016 1:55am Jan 22, 2016 1:55am
Quoting ddaytrader
So a chance reading of one of those $250 to a Million forex threads a few weeks back prompted me to throw my hat in the ring and try a little silliness myself. I didn't take it all that seriously the first week. But after that first week I started to think, "hey, what's wrong with you? Why treat this as a throw away and not care whether it goes or not when you know darn well there is no reason for it not to go. Just do it, and learn something in the process." So, I scrapped the first week's (profitable) results and started last week with a "grand...

Good to see you have put down your plan into written form.

Maths don't lie.

Data in Excel can lie or hide the truths.

Be careful when you do such Excel data projections, it may sounds too good.

Just like many new internet start-up firm may said they only need to catch 1% of the billions eyeballs, and their first country maybe China or USA,.
Then they used their Excel to project what is 1% is worth and what is 5% is worth.
Even at 1% are high lofty projections of Excel data that new start-ups take in to ask for finance from venture capital and investors.

Also a lot of pressure on yourself by saying you have to "Double" this amount, then "Double" that amount, etc.

Tracking what is important are apart from just projections or actual results, you will need to track in Excel whether you execute the transaction within your plan or away from your plan is important.

All the best with your game plan.
A "double here" and a "double there" would be indeed an excellent result already.
  • #9,708
  • Jan 22, 2016 8:24am Jan 22, 2016 8:24am
Quoting zenline
{quote} Great trading D! Do you still look at overall trend from noon to decide on trading direction of your set-ups or you just base it on the crossing direction of the MACD? From one of your charts, it looked like the overall trend was up and you short it with 123 because of confirmed mom crossing down. After taking a trade out of the box and also the next pullback to point 2, do you wait for the next crossing on MACD or to carry on regardless. I noticed the higher odds are the first two trades after mom is confirmed.
just the macd and the setups trading like the musical scale up then down then up
  • #9,709
  • Jan 22, 2016 10:39am Jan 22, 2016 10:39am
today was a slow day 3 trades +20 +15 +25 = 60 at 2 lots 600 not everyday is a killer but days goal still met
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  • #9,710
  • Jan 22, 2016 11:04am Jan 22, 2016 11:04am
Nice D, YM is like an ATM for you.

Happy weekends!
  • #9,711
  • Jan 22, 2016 11:44am Jan 22, 2016 11:44am
top work Harold thanks for posting

good w/e all
Become the casino
  • #9,712
  • Jan 22, 2016 12:41pm Jan 22, 2016 12:41pm
Will attempt 3 lot trades next week it's only an additional 75 dollar risk but really increases the profit total exponentially. As long as there is not a string of partial fills this will be the plan if not I will go back to 2 and just settle
  • #9,713
  • Jan 25, 2016 7:59am Jan 25, 2016 7:59am
be+1 from 123 short so far:

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Become the casino
  • #9,714
  • Jan 25, 2016 8:10am Jan 25, 2016 8:10am
E that was just a ll lh not a good 123.
  • #9,715
  • Jan 25, 2016 8:24am Jan 25, 2016 8:24am
When macd crosses we look for last pattern which in this case was the 2b on a pb
  • #9,716
  • Jan 25, 2016 8:50am Jan 25, 2016 8:50am
123 pb to 54 got up 24 locked in 15 then a 2b at 42 out of box grabbed 15 there were 2 others for +1
  • #9,717
  • Jan 25, 2016 9:02am Jan 25, 2016 9:02am
2b long at 46 loss
  • #9,718
  • Edited 10:39am Jan 25, 2016 9:04am | Edited 10:39am
A 123 followed that at 47 got it back+20
  • #9,719
  • Jan 25, 2016 10:42am Jan 25, 2016 10:42am
well today another slow day not much trending or committed moved but had 4 wins 1 loss 3 wins for 15 ticks and 1 20 and 1 for -15 total net 50 today was first 3 contract trade day no partial fills so far so good todays total 750 dollars nice start to week considering what I had to work with
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  • #9,720
  • Jan 25, 2016 12:21pm Jan 25, 2016 12:21pm
Superb, wins day after day
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