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Flag trading the trend

  • #10,581
  • Mar 4, 2016 10:40am Mar 4, 2016 10:40am
finally a pullback
  • #10,582
  • Mar 4, 2016 10:42am Mar 4, 2016 10:42am
might get late signal here
Become the casino
  • #10,583
  • Mar 4, 2016 10:53am Mar 4, 2016 10:53am
L 84
  • #10,584
  • Mar 4, 2016 10:59am Mar 4, 2016 10:59am
Quoting JMaurice
L 84
Out 99, +15. Gotta take off - Thanks D
  • #10,585
  • Mar 4, 2016 11:02am Mar 4, 2016 11:02am
Quoting JMaurice
{quote} Out 99, +15. Gotta take off - Thanks D
another 123 off the line chart
  • #10,586
  • Mar 4, 2016 11:36am Mar 4, 2016 11:36am
I had a freak I mean a tweaking week to the number of 259 ticks
  • #10,587
  • Mar 4, 2016 11:51am Mar 4, 2016 11:51am
Quoting Divergence
I had a freak I mean a tweaking week to the number of 259 ticks
great work Harold. I took 15 ticks this week .. think i can see how to trade r13 as from next week so should improve
Become the casino
  • #10,588
  • Mar 4, 2016 11:54am Mar 4, 2016 11:54am
You can see the setups via line or candlestick obviously
  • #10,589
  • Mar 4, 2016 1:26pm Mar 4, 2016 1:26pm
Quoting Divergence
You can see the setups via line or candlestick obviously
I think the line works much better with the range bars than it was with the 5 minute chart for me. Or perhaps the range bars just works better than the time charts. The trend remains clearly visible when you don't have the sideways movement of the time charts when price isn't really going anywhere. Thanks again D
  • #10,590
  • Edited 7:10pm Mar 4, 2016 6:11pm | Edited 7:10pm
Quoting Divergence
heres JM setup {image}
In my opinion, there is a Trader Vic 123 long on the 333-tick chart about the same time.
  • #10,591
  • Mar 4, 2016 6:49pm Mar 4, 2016 6:49pm
[quote=moonmist;8794525]
Quoting Divergence
heres JM setup {image}[/quote In my opinion, there is a Trader Vic 123 long on the 333-tick chart about the same time.
as you can see moon they all work my eyes see better with range bars
  • #10,592
  • Mar 4, 2016 9:04pm Mar 4, 2016 9:04pm
[quote=Divergence;8794550]
Quoting moonmist
{quote} as you can see moon they all work my eyes see better with range bars
Price seems to be telling people the same thing regardless of the way we look at it - I think that's a good thing !
  • #10,593
  • Edited 6:04am Mar 5, 2016 5:08am | Edited 6:04am
Quoting Divergence
I had a freak I mean a tweaking week to the number of 259 ticks
After all the tweaks, you may need to update the first page now. I suppose you are no longer trading according to the rules of first post.
Originally, you use the MACD on the 999-tick chart to determine the trend. Now, you use the 50-period SMA of a 13 range bar chart. Which one is better ? In addition, I am still not clear the role of jtd_MACD/Bollinger Band ? As you mentioned before, some people look at the 13 range bar chart for the trend, and trade off the 333-tick chart. Is this a good combo ? It seems to be easier to spot the Trader Vic 123 setup on the 333-tick chart.

Just my two cents.
  • #10,594
  • Edited 7:36am Mar 5, 2016 5:58am | Edited 7:36am
Quoting moonmist
{quote} After all the tweaks, you may need to update the first page now. I suppose you are no longer trading according to the rules of first post. Originally, you use the MACD on the 999-tick chart to determine the trend. Now, you use the 50-period SMA of a 13 range bar chart. Which one is better ? In addition, I still not clear the role of jtd_MACD/Bollinger Band ?
the purpose of the macd/Bollinger band/heiken ashe indicator is that when I am say in a long trade and the dots transfers to top of BB and begins to ride it I can stay in trade longer. Moon whether you use the 333 tick chart and get trend direction from 999 or use this way they seem to all work. The methodology is find the trend wait for the pullback find the 123 or 2b enter and manage trade make money
  • #10,595
  • Mar 5, 2016 7:38am Mar 5, 2016 7:38am
Quoting Divergence
{quote} the purpose of the macd/Bollinger band/heiken ashe indicator is that when I am say in a long trade and the dots transfers to top of BB and begins to ride it I can stay in trade longer.
Hi Divergence,

Thanks for the explanation. Do you pay attention to the color of the dot, green versus red ?

Yes. The methodology remains the same. All the tweaks seem to be related to finding a trend and choosing the good pullbacks.
  • #10,596
  • Mar 5, 2016 8:22am Mar 5, 2016 8:22am
I first look for the obvious s and r most times there in the 30 to 40 tick range but if they are a little less that might lead to a big move. As far as color change of dots as long as they stay out side of BB I hold if they begin to come towards the BB I have finger on flatten button. My daily goal is 50 ticks a day which seems to be very achievable via the YM in the AM
  • #10,597
  • Mar 5, 2016 10:23am Mar 5, 2016 10:23am
Quoting Divergence
I first look for the obvious s and r most times there in the 30 to 40 tick range but if they are a little less that might lead to a big move. As far as color change of dots as long as they stay out side of BB I hold if they begin to come towards the BB I have finger on flatten button. My daily goal is 50 ticks a day which seems to be very achievable via the YM in the AM
Method's the same I think regardless of chart type -

Edit: Been redoing my backtest with the range bars on EU/UJ... its so much easier on the eyes than the 5m/3m bars I was using before.
  • #10,598
  • Mar 5, 2016 10:27am Mar 5, 2016 10:27am
Quoting JMaurice
{quote} Method's the same I think regardless of chart type -
You are correct JM. If everyone can remember these steps find which way market is trending wait for market to pullback find 123 or 2b setup to get back into trend manage trade and the end result will be making money
  • #10,599
  • Mar 5, 2016 10:32am Mar 5, 2016 10:32am
Here's a charts showing what is meant in last post
Attached Image
  • #10,600
  • Mar 5, 2016 10:34am Mar 5, 2016 10:34am
Quoting Divergence
{quote} You are correct JM. If everyone can remember these steps find which way market is trending wait for market to pullback find 123 or 2b setup to get back into trend manage trade and the end result will be making money
Random example - pulled up an H1 AU chart - 8 wins 2 losses, definitely would have made money -
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 36 KB
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