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Flag trading the trend

  • #11,161
  • Jan 17, 2017 1:30pm Jan 17, 2017 1:30pm
Price wasn't doing a lot of follow threw so just in grabbing mode a little here and there before you now it your up 25-30 ticks when you get into profit of +6 It's a free trade so getting anything is better than getting nothing
  • #11,162
  • Jan 17, 2017 1:32pm Jan 17, 2017 1:32pm
Since I am trading the e mini nasdaq futures I will do all my posting from now on in the commodities section of FF under trade the e mini nasdaq
  • #11,163
  • Jan 17, 2017 1:41pm Jan 17, 2017 1:41pm
Quoting Divergence
Price wasn't doing a lot of follow threw so just in grabbing mode a little here and there before you now it your up 25-30 ticks when you get into profit of +6 It's a free trade so getting anything is better than getting nothing
Thanks for the clarification, I guess this is what it's like to trade with a lot of experience under your belt.
Invincibility lies in the defence; the possibility of victory in the attack
  • #11,164
  • Jan 17, 2017 1:46pm Jan 17, 2017 1:46pm
1 thing I learned BB is you should never think it's bad to take profit even if you could have made more. Most of 98% of my trades are free trades and since I don't know how far they will go if I don't see momentum happening I will grab
  • #11,165
  • Jan 17, 2017 1:47pm Jan 17, 2017 1:47pm
Quoting Divergence
https://youtu.be/3WqD4dXwuuA
wow! the way you trade seems so easy! great videos, thank you.
what broker do you use?
  • #11,166
  • Jan 17, 2017 1:56pm Jan 17, 2017 1:56pm
Infinity uses transact data 3000 needed to open acct
  • #11,167
  • Jan 19, 2017 8:03am Jan 19, 2017 8:03am
Hi JT,

Just replying (here) to your post 126 on the emini thread, so as to keep it cleaner over there.

Regarding wave counts, i've posted before about a minor subwave (i) being retested commonly, which would be of the trigger leg. It is basically the same as we are looking to do, but might just throw up a variant that others may adopt...

Let me explain with charts;

Attached Image (click to enlarge)
Click to Enlarge Name: uj16-01-17a.png Size: 176 KB


and so you can see that the pullback retests the minor subwave (i) of the trigger leg as suggested. This time it was clear, sometimes if the set-up is smaller, it looks more as if it is merely the candle that gets retested;

Attached Image (click to enlarge)
Click to Enlarge Name: uj16-01-17e.png Size: 167 KB


The biggest problem is having the discipline to wait for such, as you'll encounter many trigger and runs without the pullback and if PA has moved on substantially, before the subsequent pullback, it could be after that particular phase is complete, thus knowing how far to let the pullback run and still be valid is key (imo)

Attached Image (click to enlarge)
Click to Enlarge Name: 123retest.png Size: 57 KB
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  • #11,168
  • Jan 19, 2017 8:13am Jan 19, 2017 8:13am
There is another aspect to watch for and that is S/R points (not zones), this is where it will be pinpoint accurate as opposed to a general Supply/Demand area. Let me show with chart again;

Attached Image (click to enlarge)
Click to Enlarge Name: uj14-01-17a.png Size: 75 KB


So you can see that either side of current PA, the last LL, now becomes the point for LH to react (Support turned Resistance), but of course, noticing that it happens early, is key, as it is obviously easy to suggest with the benefit of hindsight. Noticing that it is reacting and trending as such early though, may set you up for a good couple of trades thereafter... Just a thought, i have no idea how often the emini might trade this way, but i gather others are applying it elsewhere (oil) etc...
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  • #11,169
  • Jan 19, 2017 10:30am Jan 19, 2017 10:30am
Inserted Video
  • #11,170
  • Jan 19, 2017 3:10pm Jan 19, 2017 3:10pm
Quoting The Cableguy
There is another aspect to watch for and that is S/R points (not zones), this is where it will be pinpoint accurate as opposed to a general Supply/Demand area. Let me show with chart again; uj14-01-17a.png;2147021 So you can see that either side of current PA, the last LL, now becomes the point for LH to react (Support turned Resistance), but of course, noticing that it happens early, is key, as it is obviously easy to suggest with the benefit of hindsight. Noticing that it is reacting and trending as such early though, may set you up for a good...
I really like the way you have marked this particular chart, CG.

I do also think that Harold's latest variation simplifies things to the point that the wave analysis is unnecessary to achieve pretty much the same result. If wave analysis is part of you as a trader, then it can give extra insight and depth. Unfortunately, it gives my old brain a headache... (in computing terms, mine is the equivalent of an Intel 386 chip...).
  • #11,171
  • Jan 19, 2017 3:17pm Jan 19, 2017 3:17pm
If your a 386 I am a 286 as I have said before I am migrating over to commodity section of FF since I am trading the NQ exclusively
  • #11,172
  • Jan 20, 2017 1:48am Jan 20, 2017 1:48am
Quoting jtrade
{quote} I do also think that Harold's latest variation simplifies things to the point that the wave analysis is unnecessary to achieve pretty much the same result. .).

Absolutely, i've been saying the same things elsewhere - that it's funny, but two different approaches and thousands upon thousands of hours of studying and essentially it comes down to the same thing. I use labels, but only because i simply can not view the market differently anymore. I thought it was a curse for a while, if i'm honest, but since i started concentrating on scalping corrective waves, things improved, no end...

A quick +10 to start the session, (but should have trailed and bagged a few more), you know what it's like... get some in the bag first off!

Attached Image (click to enlarge)
Click to Enlarge Name: uj20-01-17.png Size: 172 KB
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  • #11,173
  • Jan 20, 2017 7:55am Jan 20, 2017 7:55am
actually CG the entry was lower heres where move started
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  • #11,174
  • Jan 20, 2017 8:37am Jan 20, 2017 8:37am
Quoting Divergence
actually CG the entry was lower heres where move started {image}

Indeedy do H, i went a fraction early on first retest of my red wave'(a)';

Attached Image (click to enlarge)
Click to Enlarge Name: uj20-01-7a.png Size: 158 KB


This is how i was viewing it in my mind at the time, where originally i thought end of red '(d)', was where i now have it marked 'iii'... hey ho, it was moving fast at the time.
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  • #11,175
  • Jan 23, 2017 11:10am Jan 23, 2017 11:10am
Since I am trading the e mini nasdaq exclusively I have migrated over to commodity section trading the e mini nasdaq
  • #11,176
  • Jan 8, 2018 7:08am Jan 8, 2018 7:08am
Quoting Rcwso
Here 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 SET-UP...
it still works for the patient trader.
https://www.forexfactory.com/attachm...0&d=1300454564
every Saint has a past. Every Sinner has a Future
  • #11,177
  • Mar 27, 2018 3:00pm Mar 27, 2018 3:00pm
Hi Guys i'm just about to start this thread , is this the best place to start with Divergence stuff? I heavily into market mechanics and studying Supply and Demand. Are there any major changes or updates , i should be aware of ? Cheers
  • #11,178
  • Sep 24, 2018 10:39pm Sep 24, 2018 10:39pm
Quoting Divergence
I don't trade 123 breaks I use the 123 break as a trend change then I trade the pullback the the point 3 area heres todays trading it was not great though the market tanked I just couldn't get connected https://youtu.be/XYjODIPUoeM
hello! Divergence!
i following your method but this video is not available.
where i can see video?
thanks you much!
  • #11,179
  • Sep 25, 2018 5:37am Sep 25, 2018 5:37am
Quoting james27
{quote} hello! Divergence! i following your method but this video is not available. where i can see video? thanks you much!
He took a lot of his videos down some time ago. he is active on his latest thread where you will find him.
every Saint has a past. Every Sinner has a Future
  • #11,180
  • Sep 3, 2023 7:45pm Sep 3, 2023 7:45pm
I like how it started. In honor of good beginnings a little indicator.
Attached Image (click to enlarge)
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