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Flag trading the trend

  • #9,901
  • Feb 2, 2016 6:04am Feb 2, 2016 6:04am
Quoting tdforex
Also, have to say. The most powerful way to test this is Forward-testing. Then you know, if you are fast enough to put orders there (sometimes buystop setup happens so fast, that you can't enter), if you make some interpretation errors and also, getting feel of having wins and losses. Does that affect you and if so, how much? As jtrade says, in backtest you have perfect execution, but in live there is some variance. When trading this kind of system, you just have to keep on firing. Can't paralyze after having few losses, even if they happen first...
agree with this td .. i started in sim yesterday and you have to be on your toes with order entry and moving sl when price with by 15 ticks and more

are you entering stop order or stop limit for out of the box trades?
Become the casino
  • #9,902
  • Feb 2, 2016 6:45am Feb 2, 2016 6:45am
Quoting tdforex
Yesterday was really good day, eventhough started a bit slowly. Actually, I can't remember any day with 333method that has been bad Having my chart setup like this. I have previously used setup that has 3-4 different products and 3 different rangesetups, but concentrating on one product seems to be the way at least for me. I also got rid of ema20 today. It has been there for two years, but honestly haven't looked at it for a longlong time. Seems that it doesn't bring any value, distraction only. 999 is there to be able to glance it fast and candles...
I love the clean look of your simple set up. 999 shows which direction to aim, and the 333 tells you when to pull the trigger and fire on the target.

Great post, tdforex! Thanks for sharing!

Quoting tdforex
Thanks to H!
Ditto!
  • #9,903
  • Feb 2, 2016 6:59am Feb 2, 2016 6:59am
Quoting tdforex
Having my chart setup like this...
Nice layout, td - my YM in the PM workspace posted below (but I see you're a YM in the AM kinda guy, even though you're an hour ahead of me)... I see no ChartTrader enabled, so I guess you use the Static SuperDOM for executing trades ? I also use the DOM, but like to have ChartTrader enabled so the trade lines plot on the chart and allow chart adjustment.

YM in the PM :
Attached Image (click to enlarge)
Click to Enlarge Name: YM PM.PNG Size: 193 KB


Bund for Breakfast :

Attached Image (click to enlarge)
Click to Enlarge Name: FGBL.PNG Size: 227 KB


Edit : YM w/space fills about half my 24" monitor; FGBL takes all of 13.3" laptop screen.
  • #9,904
  • Edited 10:23am Feb 2, 2016 7:40am | Edited 10:23am
it looks like another slow beginning. I may move the alarm to 9 15 am it seems its rare that you get setups before 930
  • #9,905
  • Feb 2, 2016 7:50am Feb 2, 2016 7:50am
Quoting erasmus66
{quote} agree with this td .. i started in sim yesterday and you have to be on your toes with order entry and moving sl when price with by 15 ticks and more are you entering stop order or stop limit for out of the box trades?
Just plain stop orders. Haven't really ever investigated what is the added value of stop limit in this kind of trading, is there some?
  • #9,906
  • Feb 2, 2016 7:57am Feb 2, 2016 7:57am
Quoting jtrade
{quote} Nice layout, td - my YM in the PM workspace posted below (but I see you're a YM in the AM kinda guy, even though you're an hour ahead of me)... I see no ChartTrader enabled, so I guess you use the Static SuperDOM for executing trades ? I also use the DOM, but like to have ChartTrader enabled so the trade lines plot on the chart and allow chart adjustment. YM in the PM : {image} Bund for Breakfast : {image} Edit : YM w/space fills about half my 24" monitor; FGBL takes all of 13.3" laptop screen.
I mostly 85,5%) use charttrader and sometimes basic entry -module for limit orders. I think, the reason is, there is much more time on limit orders. I haven't used DOM for entries since 2014
  • #9,907
  • Feb 2, 2016 8:25am Feb 2, 2016 8:25am
Quoting tdforex
{quote} Just plain stop orders. Haven't really ever investigated what is the added value of stop limit in this kind of trading, is there some?
will change to straight stop order myself td as have missed a couple of trades with stop limit(stop limit eliminates any slippage, however you can miss entry)
Become the casino
  • #9,908
  • Feb 2, 2016 8:58am Feb 2, 2016 8:58am
2b short from 15 for +15 NO PB NOW WE LOOK FOR LONGS
  • #9,909
  • Feb 2, 2016 9:09am Feb 2, 2016 9:09am
123 long from 17 for +15 no pb
  • #9,910
  • Feb 2, 2016 9:34am Feb 2, 2016 9:34am
15 long lost -15 long from 07 +15 no pb
  • #9,911
  • Feb 2, 2016 10:02am Feb 2, 2016 10:02am
Definitely not the easiest day per price action. Very narrow range and jumpy when it moves.
  • #9,912
  • Edited 1:14pm Feb 2, 2016 10:22am | Edited 1:14pm
and yet another strange day from the YM market turned up at 956 but prices didn't expand till now was able to grab a few longs 2 for wins 1 for loss hope to maybe get 1 more setup if now 3 wins +15 1 loss -15 total 30 ticks 2 day total 105 so still on pace for my 50 ticks a day
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 123 KB
  • #9,913
  • Feb 2, 2016 10:40am Feb 2, 2016 10:40am
got 1 more just before the buzzer a 2b long from 54 for +15 so made +45 today and a 2 day total of 120
  • #9,914
  • Feb 2, 2016 10:44am Feb 2, 2016 10:44am
For me today was characterized by be+1. Netted pretty much nothing. Missed also one good one. On days like these experience is king as D demonstrated.
  • #9,915
  • Feb 2, 2016 11:23am Feb 2, 2016 11:23am
yes tough day here too .. ended up even:

Attached Image (click to enlarge)
Click to Enlarge Name: ym02feb16.png Size: 46 KB
Become the casino
  • #9,916
  • Feb 2, 2016 11:25am Feb 2, 2016 11:25am
I guess when we see momentum rising but price not it would be wiser to stand aside tough day but doable
  • #9,917
  • Feb 2, 2016 11:33am Feb 2, 2016 11:33am
Gave one easy no heat 2b short there.
  • #9,918
  • Feb 2, 2016 11:40am Feb 2, 2016 11:40am
Hey td what is the bund it looks like nice volume
  • #9,919
  • Feb 2, 2016 11:47am Feb 2, 2016 11:47am
Lady bund is at least in Ninja FGBL
  • #9,920
  • Feb 2, 2016 11:56am Feb 2, 2016 11:56am
Quoting Divergence
Hey td what is the bund it looks like nice volume
You want a date with my girl, H ?

She's German, so I'm warning you...
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