Flag pattern

volpri · Mar 10, 2018

vanzandt said:
I've never traded ES. Nor did I say TF doesn't matter. I merely posted what I have observed as an active intra-day stock trader. Did you look at QCOM? Thats a stock... not an index.

If you like stops and they work for you on ES... well god bless you and may manna from heaven rain down upon you. I could give flyin fuck f*ck. More power to ya. Move on.

Well you are a grippy ole codger....

Gramp · Mar 15, 2018

Flag pattern can provide you explosive moves. Flags are excellent chart pattern trading candidates; they're generally small, which means relatively small risk and quick profits. You need to identify them properly.

peter matthew matty · Mar 15, 2018

You mean like the one that is Currently at WTI OiL Derivative A typical example of Flag Patterns not wanting to breakout in either direction.

qxr1011 · Mar 15, 2018

volpri said:
Ask him to post sone examples. See how far that will go LOL

he-he

i do not bite

patterns that discussed here (flags for example) are visual patterns, they look similar, and therefore can be found on charts

i do not use visual patterns, i use set of rules which rarely reflected visually similarly on charts, therefore i do not called them patterns

vanzandt · Mar 23, 2018

Buy1Sell2 said:
Need to see it on a very liquid instrument. If the instrument is illiquid, then a trader must use mental stops .

B1S2... I told ya I'd post one real-time when it happens....here ya go, I just screen grabbed a good one. This is FB today with 25M shares already traded.

Imagine if you shorted @ $163 and then set a stop with a giant wide window at $164 or anything in between. All the shorts with programmed stops just got f*ck'd.

Buy1Sell2 · Mar 26, 2018

vanzandt said:
B1S2... I told ya I'd post one real-time when it happens....here ya go, I just screen grabbed a good one. This is FB today with 25M shares already traded.

Imagine if you shorted @ $163 and then set a stop with a giant wide window at $164 or anything in between. All the shorts with programmed stops just got f*ck'd.

View attachment 183985

I take your point, but that spike is well within the noise and I think a stop as you describe would be too closely placed anyway.

volpri · Mar 26, 2018

vanzandt said:
B1S2... I told ya I'd post one real-time when it happens....here ya go, I just screen grabbed a good one. This is FB today with 25M shares already traded.

Imagine if you shorted @ $163 and then set a stop with a giant wide window at $164 or anything in between. All the shorts with programmed stops just got f*ck'd.

View attachment 183985

Sh?t happens. It took a long time to find one example....mmm...mmm..

vanzandt · Mar 26, 2018

volpri said:
Sh?t happens. It took a long time to find one example....mmm...mmm..

I wasnt actively looking. Just happened to see that one. Whats your point?

volpri · Mar 27, 2018

vanzandt said:
I wasnt actively looking. Just happened to see that one. Whats your point?

Ok does it happen enough to warrant not using SL’s? Or are you campaigning for really wide stop losses to avoid such senarios? The market is always probing to find value. Sometines the probes are deeper and larger.