Forex Factory (http://www.forexfactory.com/forum.php)
-   Trading Systems (http://www.forexfactory.com/forumdisplay.php?f=71)
-   -   Flag trading the trend (http://www.forexfactory.com/showthread.php?t=280673)

Divergence Feb 12, 2011 12:21pm | Post# 1

Here are the current rules for trading Jan 2016. the market is YM (e min dow) charts are 333 and 999 tick charts set to a line chart. On the 999 put a Macd set to default settings 12 26 9. Trading time is 830 to 1130 AM est. If market is slow wait till stock market opens at 930 get it a couple of minutes then look at 999 tick charts macd if it is crossed up only look for longs on 333 tick charts. The setups used are 123 pattern and a broken 123 pattern (2b) which say we are looking to go long we had a LL LH LL the LH would be the entry to go long 1 tick above the LH. we move stop to BE +1 when up 7 ticks. we look to grab 15 when that gets done put a limit order to buy again at the actual LH number and go for 30 but always be ready to lock in profits above +15. The only other trade is days high or low if it breaks we wait for 2 line closes below low of day or high of day but macd must be in that direction on 999 tick chart. once 2 cloes happen we set limit order to buy or sell at the price of high or low of day then manage trade. THATS IT!

Divergence Feb 12, 2011 1:55pm | Post# 2

1 Attachment(s)
so noone intered in making money here is 1 more chart this time with my pullback verifier to locate a good flag trade
Click to Enlarge

Name: 12.jpg
Size: 147 KB

Skybear Feb 12, 2011 2:07pm | Post# 3

Nice start
 
You have my attention.
I'd like to see more of your system.

cuddlebum Feb 12, 2011 2:11pm | Post# 4

Great start!
 
This is how trading should be! I'm eager to learn more!
Thanks for starting this thread!

carmel Feb 12, 2011 2:15pm | Post# 5

Great and simple!
 
I use trend trading as well, with Demark trendline indicators, etc. This looks like a simple and effective trading method. Do you only trade the 1 hr T? More please!

Would you be willing to share your Retracement indicator with us?

F-Trader Feb 12, 2011 3:14pm | Post# 6

Looks simple and promising. Waiting to see more of this!

Divergence Feb 12, 2011 3:54pm | Post# 7

1 Attachment(s)
the way to trade the trend is not with indicator crosses or any other kind of indicator to tell you there is a trend thats the best way to get whipped. Firstly a trend is defined as higher highs and higher lows for uptrend and lower lows lower highs for down so if you can see that then all thats needed once a trend has formed is to trade the pullbacks. i am not starting this thread to be an on going thing just tired of all the systems on here this is the frame work to making money. I trade the 5 min chart eurusd never look for more that 26 pips stop is always last nearest swing sometimes its the trigger bar this works on any pair any time frame any market period.
Click to Enlarge

Name: 1.jpg
Size: 175 KB

cuddlebum Feb 12, 2011 4:47pm | Post# 8

Your Indicator?
 
the way to trade the trend is with indicator crosses or any other kind of indicator to tell you there is a treend thats the best way to get whipped. Firstly a trend is defined as higher highs and higher lows for uptrend and lower lows lower highs for down so if you can see that then all thats needed once a trend has formed is to trade the pullbacks. i am not starting this thread to be an on going thing just tired of all the systems on here this is the frame work to making money. I trade the 5 min chart eurusd never look for more that 26 pips stop...
Are you willing to share your indicator?

Divergence Feb 12, 2011 7:19pm | Post# 9

just use a cci set to 8 - 50 +50 levels

Joel Feb 12, 2011 8:20pm | Post# 10

I ate a buzzard once..................... It was him or me
 
I'm in............Hope to see a few more examples before you pull the plug...

Divergence Feb 12, 2011 8:27pm | Post# 11

hey joel why is thread moved and to where

ha-pattern Feb 12, 2011 8:35pm | Post# 12

During the US lending crisis, I saw symmetric triangles all over the place on financial stocks, so many I had a theory they especially applied due to their speed of use (when more a flag and pole).
Looking forward to how you apply flags to currency pairs.

Divergence Feb 12, 2011 8:36pm | Post# 13

1 Attachment(s)
here is another chart after each pullback when price crossesthe trendline or flagline as i call it the retracement finder crosses-50 thats the trigger bar 1 pip below is entry stop is swing before it crossed
Click to Enlarge

Name: 1.jpg
Size: 155 KB

Joel Feb 12, 2011 9:44pm | Post# 14

hey joel why is thread moved and to where
???????

Divergence Feb 13, 2011 2:59pm | Post# 15

i started it on trading systems and they moved it here under trading discussions

cuddlebum Feb 13, 2011 3:11pm | Post# 16

Question
 
just use a cci set to 8 - 50 +50 levels
Can you tell me where i can get CCI as a histogram?

Divergence Feb 13, 2011 3:13pm | Post# 17

well i have explained the basis on my trading setup i trade asian and us sessions and that about covers 90% 0f what i do its almost a flawless method that i would challenge anyone looking at the eurusd from 00 gmt till 130 gmt and from 1400 till 1700 to find more than 5 losses in last 9 months ta ta

lillelise Feb 13, 2011 3:31pm | Post# 18

1 Attachment(s)
well i have explained the basis on my trading setup i trade asian and us sessions and that about covers 90% 0f what i do its almost a flawless method that i would challenge anyone looking at the eurusd from 00 gmt till 130 gmt and from 1400 till 1700 to find more than 5 losses in last 9 months ta ta
how many systems do you use ?


http://www.forexfactory.com/showpost...postcount=3867
Click to Enlarge

Name: 1.jpg
Size: 174 KB

Divergence Feb 13, 2011 3:53pm | Post# 19

1 Attachment(s)
i use the trend method explained here plus divergence to show of the next impending trend direction as well as 123s which also show a pending trend change so you got it out of me now you got 100% of what i do good job here is chart of these 3 setups in action
Click to Enlarge

Name: 1.jpg
Size: 160 KB

Divergence Feb 13, 2011 4:01pm | Post# 20

1 Attachment(s)
heres 1 more chart
Click to Enlarge

Name: 2.jpg
Size: 156 KB


© Forex Factory