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Easy to trade flags pattern

  • #1
  • First Post: Edited Oct 18, 2010 5:12am Oct 12, 2010 12:04am | Edited Oct 18, 2010 5:12am
hi!
  • #2
  • Oct 12, 2010 12:53am Oct 12, 2010 12:53am
Can you share 3 indicator? Rsi, cci, stoch divergence..

Thanks for system.

Regards.
  • #3
  • Oct 12, 2010 3:45am Oct 12, 2010 3:45am
http://www.forexfactory.com/%3Ca%20h...lagpattern.jpghttp://img232.imageshack.us/img232/9232/flagpattern.jpg
  • #4
  • Oct 12, 2010 3:52am Oct 12, 2010 3:52am
http://img52.imageshack.us/img52/231...attern5min.jpg
  • #5
  • Oct 12, 2010 3:54am Oct 12, 2010 3:54am
Quoting xfiles
Can you share 3 indicator? Rsi, cci, stoch divergence..

Thanks for system.

Regards.
For you xFiles.
Attached File(s)
File Type: mq4 CCI_Divergence_V1.1(1).mq4   13 KB | 1,490 downloads
File Type: mq4 RSI_Divergence_v2.mq4   12 KB | 1,528 downloads
File Type: mq4 Stochastic_DivergenceMTF.mq4   15 KB | 1,425 downloads
  • #6
  • Oct 12, 2010 6:09am Oct 12, 2010 6:09am
Quoting nkune
For you xFiles.
Thank you nkue.
  • #7
  • Oct 12, 2010 7:08am Oct 12, 2010 7:08am
Quoting nkune
Hi everyone,

I want to share my simple style of trading. It's very easy to make some pips from the market…just wait,see and confirm. Cause my english not good, so I don't write a lot more…just see the picture. Thank forex, it's make me meet everybody easy just by chart and indicator. This is not my system, this is my style of trading and it's adapt with me…It's base on Flags pattern, PIN bar and hidden divergence.

Let's see the image:

http://img840.imageshack.us/img840/8523/flagpatter.jpg

Timeframe:...
Hey!
I noticed this pattern a long time ago too! It works only when the market is calm, but you can lose a lot 1) during increased volatility and 2) during Asian session as there are a lot of false breakouts.

Instead of FX, you'd better trade futures or CFDs on oil,gold and dollar index using the same "FLAG" pattern-system as futures contracts are more reliable than FX (just my thoughts). The ideal time periods for these instruments are 15min and 4 hours. As for 4-h time frame, the flag appears very rarely but the profit is huge! But if you use 15-min, you can trade 2-3 times a day. It is nice too.

Cheers,
Slovforex
  • #8
  • Oct 12, 2010 12:23pm Oct 12, 2010 12:23pm
Very interesting thread,, Would you mind to share the Flag Pattern Indicator ??
  • #9
  • Oct 12, 2010 11:52pm Oct 12, 2010 11:52pm
Quoting slovforex
Hey!
I noticed this pattern a long time ago too! It works only when the market is calm, but you can lose a lot 1) during increased volatility and 2) during Asian session as there are a lot of false breakouts....
Yes Slovforex, only FLAG pattern is not reliable. So we're confirm again by hidden divergence and (or) PIN bar. As you know "the FLAG pattern" is trend continuous pattern and "hidden divergence" is trend continuous signal also. So "FLAG pattern" work well in trend market. Thank you for share opinion.

The principle is after a nice move price will "retrace" or "reverse". If we're trend follower we will wait for the trend come back...the FLAG pattern is a pattern show me the trend will be continue and hidden divergence or PIN bar to make sure the FLAG pattern was completed and (an another way) increase the reliable...

We can trade any system or methodology but sometimes the FLAG pattern appear...try to catch the easy pips

http://img72.imageshack.us/img72/3284/flagpatter1.jpg

to N_na_nah: i don't have Flag indicator and i looking for that too . I'm draw the flag by "Equidistant channel" tool in MT4.
  • #10
  • Oct 13, 2010 12:15am Oct 13, 2010 12:15am
The clearly FLAG with flagpole after FOMC minute. You will see that regularly after the big news issue.

http://img811.imageshack.us/img811/1678/flagpole.jpg
  • #11
  • Oct 13, 2010 3:19am Oct 13, 2010 3:19am
Quoting nkune
Yes Slovforex, only FLAG pattern is not reliable. So we're confirm again by hidden divergence and (or) PIN bar. As you know "the FLAG pattern" is trend continuous pattern and "hidden divergence" is trend continuous signal also. So "FLAG pattern" work well in trend market. Thank you for share opinion.

The principle is after a nice move price will "retrace" or "reverse". If we're trend follower we will wait for the trend come back...the FLAG pattern is a pattern show me the trend will be continue and hidden divergence or PIN bar to make...
Yes, I'd agree with you.
That makes sense
  • #12
  • Oct 14, 2010 12:16am Oct 14, 2010 12:16am
Quoting slovforex
Yes, I'd agree with you.
That makes sense
Thank slovforex!

The FLAG pattern today EU(15m). I can't upload image to imageShark today...let's see attachment.
Attached Image
  • #13
  • Oct 14, 2010 12:21am Oct 14, 2010 12:21am
Can Buy EU now...the second Flag of today:
Attached Image
  • #14
  • Oct 16, 2010 2:21am Oct 16, 2010 2:21am
Look, I tested this pattern and it is pretty good!
But when do you fix the profit? How many pips on e/u and a/u?
  • #15
  • Edited 12:33pm Oct 16, 2010 11:39am | Edited 12:33pm
Quoting N_na_nah
Very interesting thread,, Would you mind to share the Flag Pattern Indicator ??
Can anyone create the EA for this Flag Pattern, PIN bar and hidden divergence Indicator? Thanks a lot.

Hi,

I have been trading FOREX for few years and I am myself always like to use this indicators to trade.

I am much more appreciate that if your guy can share this Flag pattern, PIN bar and hidden divergence indicators to us.

And I am seriously looking for someone that can create EA for this indicators to fully auto to trade LIVE.

Or please kindly recommended me any programmer that can create this EA.

Thanks.


Warm Regards,

Alan Yeap
[email protected]
  • #16
  • Oct 16, 2010 12:27pm Oct 16, 2010 12:27pm
Hi,

I have been trading FOREX for few years and I am myself always like to use this indicators to trade.

I am much more appreciate that if your guy can share this Flag pattern, PIN bar and hidden divergence indicators to us.

And I am seriously looking for someone that can create EA for this indicators to fully auto to trade LIVE.

Or please kindly recommended me any programmer that can create this EA.

Thanks.


Warm Regards,

Alan Yeap
[email protected]
  • #17
  • Oct 16, 2010 12:29pm Oct 16, 2010 12:29pm
Quoting nkune
Hi everyone,

I want to share my simple style of trading. It's very easy to make some pips from the market…just wait,see and confirm. Cause my english not good, so I don't write a lot more…just see the picture . Thank forex, it's make me meet everybody easy just by chart and indicator . This is not my system, this is my style of trading and it's adapt with me…It's base on Flags pattern, PIN bar and hidden divergence.

Let's see the image:

http://img840.imageshack.us/img840/8523/flagpatter.jpg

Timeframe:...
Hi,

I have been trading FOREX for few years and I am myself always like to use this indicators to trade.

I am much more appreciate that if your guy can share this Flag pattern, PIN bar and hidden divergence indicators to us.

And I am seriously looking for someone that can create EA for this indicators to fully auto to trade LIVE.

Or please kindly recommended me any programmer that can create this EA.

Thanks.


Warm Regards,

Alan Yeap
[email protected]
  • #18
  • Oct 16, 2010 12:31pm Oct 16, 2010 12:31pm
Quoting alanyeap978
Can anyone create the EA for this Flag Pattern, PIN bar and hidden divergence Indicator? Thanks a lot.
Hi,

I have been trading FOREX for few years and I am myself always like to use this indicators to trade.

I am much more appreciate that if your guy can share this Flag pattern, PIN bar and hidden divergence indicators to us.

And I am seriously looking for someone that can create EA for this indicators to fully auto to trade LIVE.

Or please kindly recommended me any programmer that can create this EA.

Thanks.


Warm Regards,

Alan Yeap
[email protected]
  • #19
  • Last Post: Oct 16, 2010 1:56pm Oct 16, 2010 1:56pm
Quoting alanyeap978
Can anyone create the EA for this Flag Pattern, PIN bar and hidden divergence Indicator? Thanks a lot.


Now I remember why I left this section of the forum.

No-one is going to code you an EA, and if someone tries it won't work. Learn to trade with discretion. It's the only way you'll get anywhere in forex. If, after you've learnt all of that you can see things that can be automated, then go ahead and get it coded.

To the thread starter: I like trading these news flags as well. I don't use your approach, but I do find they can offer quite good entry points.
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