if trend is up why u
going short
going short
Are you a trend trader or a counter-trend trader? 29 replies
Divergence Flag / Trend Continuation setup 0 replies
1 Min THV Flag Trading 933 replies
Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies
3 CCIs 'Flag' Trading 55 replies
Disliked...If you are one of the 200+ people who have looked at this summary: PLEASE DISREGARD IT, IT IS NOW WRONG, DO NOT USE AS A BASIS FOR YOUR TRADES! David.Ignored
DislikedPerhaps we should add two points to David's pdf from Div's teachings - for me these two points have been the most important part of my learning. The system is not rocket science but the discipline IS and that is where we all go wrong:
1. TRADE WITH THE TREND - STOP worrying about 123s, divergence etc. etc. until you know you have got it. For me that means getting a 100 winners - so far I am 7 on that route. I have been able to trade instruments I have always struggled with and with a sense of serenity.
There are more than enough trades without...Ignored
DislikedPerhaps we should add two points to David's pdf from Div's teachings - for me these two points have been the most important part of my learning. The system is not rocket science but the discipline IS and that is where we all go wrong:
1. TRADE WITH THE TREND - STOP worrying about 123s, divergence etc. etc. until you know you have got it. For me that means getting a 100 winners - so far I am 7 on that route. I have been able to trade instruments I have always struggled with and with a sense of serenity.
There are more than enough trades without...Ignored
Dislikedjimmy,
Not trying to subtract anything from what Divergence has shared, but when I saw your charts it got me to thingking.......you really could have traded that Flag without the added indicators..Ignored
DislikedHere is the chart that I posted earlier with the corrected definitions in accordance with Divergence's direction below.
New definitions:
SET-UP BAR--This is the bar that sets you up to look for the ENTRY bar and enter a trade.
Set-up bar requirements:
Look for the trend
Look for the pullback
Bar crosses the SMA up for an up trend and down for a down trend
Bar is within 2.4 pips of the SMA (high of the bar for a down trend and low of the bar for an up trend)
CCI is > 50 for an up trend or < -50 for a down trend
Once these are met you have a...Ignored
Dislikedthe 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...Ignored