Flag trading the trend

I noticed that your sample charts are now showing an MA. What is it please? Thank you.

the ma is simple 10 apllied to median hl/2 when candle closes below 10 and cci closes below 50 on a downtrend enter 1 pip below low stop is last swing pullback 1 last chart

This gets better as the thread progresses. Thanks.

Congratulations Div

Clear cut, simple and good trading method.

Do you always find a trend to flag-trade? if so then what is the TF you'd use for trend direction?

Did you develop a method to trade sideways market ?


funDemental

i trade 5 minute charts but you can trade any time frame any pair and any market the principle is the same find a trend trade the pullback pretty simple and the method is as old as the hills heres a daily chart the key only trade the trends stay away from sideway market thats why i trade 5 minutes trends can be found every day

its just a cci set at 8 with levels of -50 +50 when price crosses ma and cci crosses 50 line in a pullback thats your trigger bar enter 1 pip past trigger bar stop is last swing before trigger bar please no repeat questions there are charts heres and i explained this already this is a gift to all this will not be an ongoing thing learn this and you will finally make money heres a trade thats just finished a little while agao

Just to understand better, what will you define a 'good' pullback with respects to the CCI(8) and what you will skip over as not qualified ?

thx,
fun

You beat me to it . Thx!

Div,

May I ask what is your daily average gain (in pips ofcourse) with the method you showed ?

Max draw dawn? (should be low)

Thanks for sharing

fun

a good pullback is just that a pullback if the trigger is not taken out on next bar you can get 1 more shot as long as cci is still past 50 and bar is still above/below ma and the bar is not more than 2 pips from ma as far as how many pips i make well its not really about pips is it. Its all about how much money i make since the nfa rule change cant really trade more than 3% per trade so thats what i look to make each day usually about 20 trades a month so you do the math thers no drawdown it you do it right i know sounds to good to be true but so is god's gift to the world which is salvation threw faith thats also free

Divergence,

Nice informative thread you have started & it is without all the colored lights & criscross lines normally found on most threads. As one trading in the manner you are showing I can say without a doubt this is price action trading in one of its simpler forms & it works. Nothing more is needed. I wish you much success with this thread & the same for those that are wise enough to follow along & learn what you are offering. This form of price action trading has been used by me for over 3 yrs along with some other tools & it works.

To the new traders out there joining this thread you are on to something with what Divergence is teaching.......stick with it learn & profit.
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Hi Div

how do you calculate your profit target?

thanks

thanks acetrader it is rather simple and to the point to many rely solely on indicators to find entry without taking into consideration where they are in the context of the trend. Trend trading becomes rather simple when you see the price action confirm the trend and simply wait for the pullback for the entry in the direction of the trend. Regarding stop again i explained this so i will show a chart i risk 1 to make 1 per trade with and extremely high and i repeat an extremely high win rate the stop is last swing before the trigger bar sometimes its the low of the bar. also management of trade is as follows when i get to within 5 pips of target i move stop to breakeven if i see a bounce in the 5 pip region i wait till price comes back down and watch price action cafefully and if need be i will take a few pips less of target. Its never a sin to take profit remember that.

Hi Div,

Thanks for this information.

Just to clarify - the CCI needs to cross above -50 for long entries and cross below +50 for short entries. Is this correct?

Thanks

no longs cross and close above +50 shorts close below -50

here is yet 1 more reason to trade pullbacks even in a crappy trend like today

so joel what do you think ? this should be you last system forever right

Yep, I'm ready for the last system ....I like what I see. Clarify for me please. How many Higher Highs and higher Lows on the 5 min chart qualify as an uptrend, to justify you waiting for the retrace to go long ? and vise versa

once a swing is taken out trend changes look for pullback and and find entry once you have 3 swing lows and 2 swing high elliot wave is complete then look for divergence or 123 to go the other way look at post 19 chart

Hi Divergence,

Nice thread this. When you talk about wave patterns, how would you qualify a swing. Sometimes there is a 15 pip swing and then a 1 bar pullback, then a continuation. Would such small swings be considered as a 123?

Thanks