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Flag trading the trend

  • #9,961
  • Feb 3, 2016 9:50am Feb 3, 2016 9:50am
That's perfect CG
  • #9,962
  • Feb 3, 2016 10:18am Feb 3, 2016 10:18am
Bread and butter 123 long from 61
  • #9,963
  • Feb 3, 2016 10:30am Feb 3, 2016 10:30am
And another 123 from 27 wow what a day only problem is I don't trade Wednesday unless a holiday is on monday
  • #9,964
  • Feb 3, 2016 10:35am Feb 3, 2016 10:35am
Quoting Divergence
And another 123 from 27 wow what a day only problem is I don't trade Wednesday unless a holiday is on monday
incredible day shame i was in simulated trading haha .. haven't added up all trades but think it was possible to have taken close to 200 ticks today - how unusual is a day like this Harold?
Become the casino
  • #9,965
  • Feb 3, 2016 10:42am Feb 3, 2016 10:42am
They happen when market moves like this the norm is more like 50 to 100 but you can see how I racked up those big days just putting them on
  • #9,966
  • Feb 3, 2016 10:49am Feb 3, 2016 10:49am
Market went up 80 at start of day them down 300 then back 200 makes for a prosperous day
  • #9,967
  • Feb 3, 2016 1:00pm Feb 3, 2016 1:00pm
Wow, what a later part of the day. I stopped after +78, but definitely much more were there to grab.
  • #9,968
  • Feb 3, 2016 2:16pm Feb 3, 2016 2:16pm
here's something i'm finding regarding pb signals:

Attached Image (click to enlarge)
Click to Enlarge Name: ym01feb16.png Size: 80 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ym03feb16.png Size: 41 KB
Become the casino
  • #9,969
  • Feb 3, 2016 2:43pm Feb 3, 2016 2:43pm
Quoting erasmus66
here's something i'm finding regarding pb signals: {image} {image}
Great share - thanks' 'ras
  • #9,970
  • Feb 3, 2016 2:48pm Feb 3, 2016 2:48pm
Boffins at jtLabs have been reconfiguring the YM w/space a little today... we like those range bars :

Attached Image (click to enlarge)
Click to Enlarge Name: YM.PNG Size: 299 KB


Goodnight, all.
  • #9,971
  • Feb 3, 2016 3:03pm Feb 3, 2016 3:03pm
thanks jt, so are you using 8 tick range bars for entry signals for ym?
Become the casino
  • #9,972
  • Feb 3, 2016 3:04pm Feb 3, 2016 3:04pm
Quoting jtrade
Boffins at jtLabs have been reconfiguring the YM w/space a little today... we like those range bars : {image} Goodnight, all.
that's a lot of stuff JT
  • #9,973
  • Feb 4, 2016 12:20am Feb 4, 2016 12:20am
Quoting Divergence
{quote}that's a lot of stuff JT
It's true, but in fact I'm trading 90% off the 8 range chart - because the range bars show me my exact entry price very clearly in advance, I can trade off the chart more easily using Stop Limit entry orders (I know the line chart price is also exact, but there is the "pattern undoing" phenomenon that I just can't get comfortable with, although I see it doesn't affect your results at all !).

Still have the 333t line chart in the corner + the MACD on the 999t, so I know if I'm entering a trade counter to the higher TF swing. I've long used an H1 chart for general SR levels.

I do entertain the idea of using one chart (per instrument) only, Al Brooks style : the minimalism is appealing, but old habits die hard... (& I'm a bit of an old habit myself ).

All "Variations on a Theme", as we flag trade that trend...
  • #9,974
  • Feb 4, 2016 2:01am Feb 4, 2016 2:01am
Quoting jtrade
{quote} It's true, but in fact I'm trading 90% off the 8 range chart - because the range bars show me my exact entry price very clearly in advance, I can trade off the chart more easily using Stop Limit entry orders (I know the line chart price is also exact, but there is the "pattern undoing" phenomenon that I just can't get comfortable with, although I see it doesn't affect your results at all !).
I totally get you! I had exact the same for few months. Then I just went cold turkey and got rid of everything else. Not easy, but pretty profitable when adjusting oneself.

Also would love that Brooks one chart and have actually tried it few times but it's too hardcore for me.
  • #9,975
  • Feb 4, 2016 8:01am Feb 4, 2016 8:01am
my new starting time is 930 am est when the market opens. the reason is I hardly ever get any trades before then and the dom shows fewer players. so now only 8 hrs a week to work. The less is more principle again at work
  • #9,976
  • Feb 4, 2016 8:09am Feb 4, 2016 8:09am
Quoting Divergence
my new starting time is 930 am est when the market opens. the reason is I hardly ever get any trades before then and the dom shows fewer players. so now only 8 hrs a week to work. The less is more principle again at work
makes sense didn't know market open was 930
Become the casino
  • #9,977
  • Feb 4, 2016 8:18am Feb 4, 2016 8:18am
Quoting Divergence
my new starting time is 930 am est when the market opens. the reason is I hardly ever get any trades before then and the dom shows fewer players. so now only 8 hrs a week to work. The less is more principle again at work
Good plan. This week I've only been trading the ES after the NYSE open at 9:30 EST. My goal is 10 points/day before noon, no new trades after 11:00 AM, quit after 3 losses in a row (this hasn't happened, and given my "opening range" strategy," three consecutive losses would indicate a trading range morning - so odds would favor standing down and coming back the next day). I will continue to hone this plan this week and next, and I will then apply it to my project for capital growth starting Tuesday, February 16th (the day after President's day).
  • #9,978
  • Feb 4, 2016 8:45am Feb 4, 2016 8:45am
2b long from 82 +1 long 2b from 18 +15 no pb look for shorts
  • #9,979
  • Feb 4, 2016 8:51am Feb 4, 2016 8:51am
2b short 91 loss -15
  • #9,980
  • Feb 4, 2016 8:57am Feb 4, 2016 8:57am
2b long 63 +15
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