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Flag trading the trend

  • #101
  • Feb 18, 2011 2:50am Feb 18, 2011 2:50am
Quoting Divergence
aediaz firstly there was no flag on your blog so nice try second this is a different type of flag than the regular bull and bear flag formation this is a type of pullback entry to get back into the trend hopefully everyone comprehends that
I haven't posted any flag in my blog. Can't you read ?
Measure twice, cut once
  • #102
  • Feb 20, 2011 3:15pm Feb 20, 2011 3:15pm
well it looks like they moved me back to trading system forum ok heres a trade from friday
Attached Image (click to enlarge)
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  • #103
  • Feb 20, 2011 7:22pm Feb 20, 2011 7:22pm
heres a trade that just won
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  • #104
  • Feb 20, 2011 7:30pm Feb 20, 2011 7:30pm
are all you guys understanding this?
  • #105
  • Feb 20, 2011 7:34pm Feb 20, 2011 7:34pm
My mt4 slightly different than yours,My point 1 was double top but all the rest the same,Yes I understand and was looking at the trade.Still studying up on your charts as I have a week off work
  • #106
  • Feb 20, 2011 7:44pm Feb 20, 2011 7:44pm
point 1 is a double top with what other candle?
  • #107
  • Feb 20, 2011 7:51pm Feb 20, 2011 7:51pm
ok here is my main setup i look for trend to be established by taking out a swing then wait for pullback then when bar closes below 10 sma and cci closes below -50 (for shorts) you use that bar as setup bar price must take out low by 1 pip for entry stop is last swing. you will see in example when 1 st 2 triger bars were not triggered the third one was
Attached Image (click to enlarge)
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  • #108
  • Feb 20, 2011 8:02pm Feb 20, 2011 8:02pm
that last chart might be a little tricky for some but once you get the hang of it its not. So the best way to find a good pull back is to simply draw a flagline thats what i call it make sure its a 45% angle if you dont know what that looks like here is yet another chart
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  • #109
  • Feb 20, 2011 8:04pm Feb 20, 2011 8:04pm
Hope I did this right,first time upload chart
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  • #110
  • Feb 20, 2011 8:09pm Feb 20, 2011 8:09pm
yes thats what i have what you see is oanda begins trading on chart at 1 pm usa time though noone can really trade it but yes double top and out 1 points are the same ok i feel a little genrous tonite hears the indy
Attached File(s)
File Type: mq4 1-Retracement Finder1.mq4   4 KB | 3,650 downloads
  • #111
  • Feb 20, 2011 8:33pm Feb 20, 2011 8:33pm
i uploaded indicator if anyone wants it its a cci with histogram
  • #112
  • Feb 20, 2011 8:48pm Feb 20, 2011 8:48pm
hey guys how do you attach a chart to this thread?
  • #113
  • Feb 20, 2011 8:51pm Feb 20, 2011 8:51pm
you make mt4 chart then click print screen tab then go to paint then paste then click x then save to desktop make sure you name it the go to ff write post and then go to manage attach find it on desktop then upload
  • #114
  • Feb 20, 2011 9:07pm Feb 20, 2011 9:07pm
thanks
Quoting Divergence
you make mt4 chart then click print screen tab then go to paint then paste then click x then save to desktop make sure you name it the go to ff write post and then go to manage attach find it on desktop then upload
  • #115
  • Feb 20, 2011 9:19pm Feb 20, 2011 9:19pm
good nite guys
  • #116
  • Feb 20, 2011 9:22pm Feb 20, 2011 9:22pm
for you long term traders heres a daily chart that has divergence. Remember what i said that after divergence triggers it forms a 5 wave pattern 90% of the time see if you can find the various entries in this uptrend then you will find money in your acct
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  • #117
  • Feb 20, 2011 10:13pm Feb 20, 2011 10:13pm
Hi Div,

Wouldn't the following be a valid trade (please refer to the arrows)?

Thanks
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  • #118
  • Feb 21, 2011 4:02am Feb 21, 2011 4:02am
Quoting Divergence
ok here is my main setup i look for trend to be established by taking out a swing then wait for pullback then when bar closes below 10 sma and cci closes below -50 (for shorts) you use that bar as setup bar price must take out low by 1 pip for entry stop is last swing. you will see in example when 1 st 2 triger bars were not triggered the third one was
So, You use the 2nd histo line (1 line after the white one on the cci histogram) to filter cci-trend. Is that why you entered on 3rd attempt setup bar, Div?

Thanks for all your teachings. all this is gold.
  • #119
  • Feb 21, 2011 5:11am Feb 21, 2011 5:11am
Div,

Two examples from the London session. Any comments?
  • #120
  • Feb 21, 2011 5:13am Feb 21, 2011 5:13am
Oh sorry, forgot to attach the charts in the previous post
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