Thanks DD for the reminder of traders vic's 123
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- #10,543
- Mar 3, 2016 10:58am Mar 3, 2016 10:58am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
We could continue these jokes well into next tweak... )
?
- #10,544
- Mar 3, 2016 11:00am Mar 3, 2016 11:00am
- Joined Jul 2010 | Status: Trader | 9,189 Posts
{quote} What have I started....
- #10,545
- Mar 3, 2016 11:03am Mar 3, 2016 11:03am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
- #10,546
- Mar 4, 2016 3:01am Mar 4, 2016 3:01am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
Good morning tweakers and twerkers! )
I have to say, switching back to flag trading has been the most obvious choice for me, with so much experience already gained.
The problems that occurred in the past are easily rectified.
If trading an hourly set-up eg, sometimes the sub would be really extended. I used to wait for that bar to broken by the next before entry, but of course sometimes that was way too late.
By only taking flags that have their line off of a 123, the flag break and 123 trigger almost simultaneously, so you are effectively trading it as a 123 but with the added bonus of the CCI +100 scenario.
Taking this set up after a Cup&Handle appears early on in a trend increases success rate massively, especially if there was healthy dose of divergence before the set-up.
There lies the next pointer. I never paid enough attention to divergence. Great reversal indicator when combined with the C&H or H&S in particular.
Add the flag and 123 into the mix and it's v.reliable indeed.
A set up with Hidden Div is also strong as HD always over-rides reg div.
As i said before, the problem now is that often one or more components will be missing from this criteria, thus watching one chart, for me, does not cut it.
The next problem is whether or not to take a 123+flag if only single legged appearance pullback? The safe bet will usually be that the first one is ok after a larger double legged pullback has occurred.
I have to say, switching back to flag trading has been the most obvious choice for me, with so much experience already gained.
The problems that occurred in the past are easily rectified.
If trading an hourly set-up eg, sometimes the sub would be really extended. I used to wait for that bar to broken by the next before entry, but of course sometimes that was way too late.
By only taking flags that have their line off of a 123, the flag break and 123 trigger almost simultaneously, so you are effectively trading it as a 123 but with the added bonus of the CCI +100 scenario.
Taking this set up after a Cup&Handle appears early on in a trend increases success rate massively, especially if there was healthy dose of divergence before the set-up.
There lies the next pointer. I never paid enough attention to divergence. Great reversal indicator when combined with the C&H or H&S in particular.
Add the flag and 123 into the mix and it's v.reliable indeed.
A set up with Hidden Div is also strong as HD always over-rides reg div.
As i said before, the problem now is that often one or more components will be missing from this criteria, thus watching one chart, for me, does not cut it.
The next problem is whether or not to take a 123+flag if only single legged appearance pullback? The safe bet will usually be that the first one is ok after a larger double legged pullback has occurred.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
- #10,547
- Mar 4, 2016 5:14am Mar 4, 2016 5:14am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
Applying the above on the DOW 1min this morning;
Interestingly the second 123 is basically the retest of the first!
Interestingly the second 123 is basically the retest of the first!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
