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Flag trading the trend

  • #10,461
  • Feb 26, 2016 10:18am Feb 26, 2016 10:18am
Another +1
  • #10,462
  • Feb 26, 2016 10:28am Feb 26, 2016 10:28am
Quoting Divergence
Another +1
yep same here
Become the casino
  • #10,463
  • Feb 26, 2016 10:44am Feb 26, 2016 10:44am
well was able to grab 35 today total for week 117 ticks. not terrible considering I made only 1 tick on Monday trading 3 contracts and making 117 ticks for the week is still not a bad living here in the good ole usa
  • #10,464
  • Feb 26, 2016 11:42am Feb 26, 2016 11:42am
yes good work Harold .. i took 30 ticks on 1 contract for the week. Hope next week picks up

good weekend all
Become the casino
  • #10,465
  • Feb 26, 2016 1:10pm Feb 26, 2016 1:10pm
So I've been off my project for a month or so now. I've been trading the YM using the bacis set ups here in D's thread, though perhaps a bit more strictly adhering to the Trader Vic definitions of 2B's and 123's. I've also been trading one specific set on the ES which is primarily a long only strategy. I'd like to re-start trading my little account on March 1st or 2nd. This weekend I am going to go over all my trades and stats for the past four or five weeks, and I will decide whether I will proceed with the project using the YM, the ES, or both.

A good weekend to all!

I hope you're recovering nicely from your injuries, D. I think of you often and pray for you to have freedom from pain and good health.
  • #10,466
  • Feb 26, 2016 6:37pm Feb 26, 2016 6:37pm
Quoting ddaytrader
So I've been off my project for a month or so now. I've been trading the YM using the bacis set ups here in D's thread, though perhaps a bit more strictly adhering to the Trader Vic definitions of 2B's and 123's. I've also been trading one specific set on the ES which is primarily a long only strategy. I'd like to re-start trading my little account on March 1st or 2nd. This weekend I am going to go over all my trades and stats for the past four or five weeks, and I will decide whether I will proceed with the project using the YM, the ES, or both....
progressing slowly still managing pain your prayers are definitely appreciated DD
  • #10,467
  • Feb 27, 2016 1:56am Feb 27, 2016 1:56am
Trading positive week with physical pain is great accomplishment. Tells us others also that trading according the plan is powerful stuff.
  • #10,468
  • Feb 27, 2016 10:26am Feb 27, 2016 10:26am
JT, i'm with you on our version of the 2b being very useful for continuation trades. If a 123 does not occur, or is at least vague in real time, the break of wave 'b' is a good entrance point;

EurUsd 1h;

Attached Image (click to enlarge)
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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #10,469
  • Feb 29, 2016 8:26am Feb 29, 2016 8:26am
Let's have a good and profitable week - trade well!
  • #10,470
  • Feb 29, 2016 8:30am Feb 29, 2016 8:30am
let the games begin
  • #10,471
  • Feb 29, 2016 8:37am Feb 29, 2016 8:37am
2b long at 17 for +15, pb +1
Become the casino
  • #10,472
  • Feb 29, 2016 8:50am Feb 29, 2016 8:50am
Quoting erasmus66
2b long at 17 for +15, pb +1
I just got long 16615 looking for +30
  • #10,473
  • Feb 29, 2016 8:55am Feb 29, 2016 8:55am
Quoting ddaytrader
{quote} I just got long 16615 looking for +30
+30 just filled before I could get this screen shot posted. Just trading one lots in this account (this is live practice for my $2K to $200k trial.


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  • #10,474
  • Feb 29, 2016 9:00am Feb 29, 2016 9:00am
top work dd
Become the casino
  • #10,475
  • Feb 29, 2016 9:18am Feb 29, 2016 9:18am
All chop since then. Looks like YM caught in a range and I'll wait for a breakout below 585 or above 647 or a reversal from a test of those levels. Otherwise I am sitting on my hands.
  • #10,476
  • Feb 29, 2016 9:23am Feb 29, 2016 9:23am
I also went long at 15 for 30 been doing a little work over the weekend and was in a simplifying kind of mind set so will trade this for a week and see if it bodes well before I show it. DD and JT kinda influenced my thinking so if it works thanks and if it doesn't I get to blame you both lol
  • #10,477
  • Feb 29, 2016 9:46am Feb 29, 2016 9:46am
Very narrow low volatility chop. Looking at the cash S&P 500 hourly, this looks like a bull flag so I'd expect a rally sometime today or tomorrow to at least test last week's highs. I am not predicting anything, because today's bull flag could be tomorrow's bull trap. Just noting the pattern here.

Attached Image (click to enlarge)
Click to Enlarge Name: ymleapday SP.GIF Size: 22 KB
  • #10,478
  • Feb 29, 2016 9:52am Feb 29, 2016 9:52am
Quoting Divergence
DD and JT kinda influenced my thinking so if it works thanks and if it doesn't I get to blame you both lol
I take credit and I take blame as it comes lol

I have an order loaded to long 620 and will look for +30 if triggered.

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Just got filled but she is off to a sluggish start. ES playing the leader a bit today.
  • #10,479
  • Feb 29, 2016 10:00am Feb 29, 2016 10:00am
Stop loss on this trade is now 618 which would be -2 ticks. I'm going for an early lunch, so this will either be +30 or -2 for me. Either way I am thinking to bag the rest of the day unless we get a breakout and trend one way or the other.
  • #10,480
  • Feb 29, 2016 10:13am Feb 29, 2016 10:13am
Quoting ddaytrader
Stop loss on this trade is now 618 which would be -2 ticks. I'm going for an early lunch, so this will either be +30 or -2 for me. Either way I am thinking to bag the rest of the day unless we get a breakout and trend one way or the other.
Two trades +60 ticks for the day.

See y'all tomorrow!
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