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Flag trading the trend

  • #10,241
  • Feb 17, 2016 9:19am Feb 17, 2016 9:19am
This maybe the reason
  • #10,242
  • Feb 17, 2016 9:24am Feb 17, 2016 9:24am
Release of the FOMC minutes, not the Fed Fund Rate.
  • #10,243
  • Feb 17, 2016 9:27am Feb 17, 2016 9:27am
Quoting jtrade
Well, I'm long 73 (should be 74 on my chart, but 1 tick pos slip) Edit : missed +30 by a tick out @ +22. I notice line charts do not accurately reflect what is seen at the time of entry. {image}
What charts are you looking at ?

My 333 and 999 tick chart seem to be very different.
  • #10,244
  • Feb 17, 2016 9:33am Feb 17, 2016 9:33am
Quoting moonmist
{quote} What charts are you looking at ? My 333 and 999 tick chart seem to be very different.
no 2 ticks charts are exactly same for a host of reasons like computer speed data used feeds etc. They are close but no cigar
  • #10,245
  • Feb 17, 2016 9:46am Feb 17, 2016 9:46am
Finely a 123 long from 62 for +15
  • #10,246
  • Feb 17, 2016 9:50am Feb 17, 2016 9:50am
heres chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 128 KB
  • #10,247
  • Feb 17, 2016 9:51am Feb 17, 2016 9:51am
mine was 65, went +10 before knocking me out and taking off
  • #10,248
  • Feb 17, 2016 9:56am Feb 17, 2016 9:56am
that sticks tim I quess on other days mine might be 65 and yours 62
  • #10,249
  • Feb 17, 2016 10:05am Feb 17, 2016 10:05am
didn't even get a signal on my chart .. very poor day
Become the casino
  • #10,250
  • Feb 17, 2016 10:10am Feb 17, 2016 10:10am
Quoting erasmus66
didn't even get a signal on my chart .. very poor day
yep I quess the fomc meeting at 2 is causing small uptick movement
  • #10,251
  • Feb 17, 2016 10:16am Feb 17, 2016 10:16am
Quoting tbjohnton
mine was 65, went +10 before knocking me out and taking off
just checked chart on laptop .. gave 64 as entry whereas desktop didn't give signal
Become the casino
  • #10,252
  • Feb 17, 2016 10:17am Feb 17, 2016 10:17am
Maybe we get a setup in this area
  • #10,253
  • Feb 17, 2016 10:18am Feb 17, 2016 10:18am
Quoting erasmus66
{quote} just checked chart on laptop .. gave 64 as entry whereas desktop didn't give signal
wow extremely strange
  • #10,254
  • Feb 17, 2016 10:52am Feb 17, 2016 10:52am
123 short 72 got up 12 ended up +1 total so far 16 ticks will come back at 2pm when fomc begins maybe market will move then
  • #10,255
  • Edited 11:42am Feb 17, 2016 11:28am | Edited 11:42am
Further to earlier charts, here both patterns repeat;

First set-up, HD forms, go on first parabolic. There is another set-up after this one, but i ignored as ND now strong and in my experience is usually risky.
Second set-up, from a low on Macd, decent bout of green, then red and crossover forming a HH/HL combo, 123 forms, trigger...

Attached Image (click to enlarge)
Click to Enlarge Name: dowboth.png Size: 118 KB
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #10,256
  • Feb 17, 2016 11:41am Feb 17, 2016 11:41am
Earlier on the USDCAD;

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad123a.png Size: 115 KB


The idea of my parabolic entry is that in all 3 HD trades highlighted, not one gave a 123 trigger...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #10,257
  • Feb 17, 2016 12:59pm Feb 17, 2016 12:59pm
lets see if market moves now
  • #10,258
  • Feb 17, 2016 1:29pm Feb 17, 2016 1:29pm
ZZZZZZZZZZZZZZzzzzzzzzzzzzz ......

Strange day .........
  • #10,259
  • Feb 17, 2016 1:32pm Feb 17, 2016 1:32pm
well long at 28 its a pb to last high of day trade
  • #10,260
  • Feb 17, 2016 1:36pm Feb 17, 2016 1:36pm
got up 10 ended up +1 possible 2b long at 35
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