Flag trading the trend

Today's London session trade.

Nice trade Sujith.... my entry was slightly later after the retrace.

Hi,

Correct entry? (i used at GU 1h... can?)

Please advice.

Thank You

Thanks to Div. This is a very consistent method.

We have divergence closed partial portions out and the other one running. Divergence or double top spike.

guys we have news coming out in 30 minutes. closed out at 3709. tex

good stuff divergence, appreciate your insights. keep it coming.

Hi guys some good stuff just remember that when price closes above 10 sma the cci must also close above 50 i think suith missed by 1 candle in us session there was a long didnt take it as news was coming up at 10 but good job guys and yes suith when price took outy that low trend changed. For the trend only its when a swing gets taken out when a wave is formed and div 123's appear thats counter trend trading which in essence is the pullback of original wave have to go do a bible study should be back around 9 -930

action pretty slow eurusd looked ugly what i do sometimes is if eurusd looks ugly i will look at usd chf to see if it is smoother in this case it was

Keep going.

heres audusd

i mainly trade eurusd but usdchf audusd usdcad seem ok also

Hi Div,

In the following chart the order got triggered on the 5th bar after the CCI turned 50 and closed above the SMA. Is it a valid trade? Do you have a maximum number of bars that you wait for before the entry is triggered? Thanks.

yes i do if we get a trigger and the next candle doesnt get you into the trade as long as candle is within 2 pips of sma and cci is still closed above 50 you have 1 more shot if that one doent take you in you have no trade and you wait till cci goes back into the middle or oppostie side of 50 levels and wait for a new signal we r looking for momentum to accure if not stay out

Thanks. That means the above case was a no trade.

thats right no trade sometimes you have a little dry spell then youll have days where you get 2 trades and maybe 1 at night so the key is disipline and patience the money will come

True. Lesson learned.

Hello Sujith, Are you using a stop order are market order once you get the trigger bar or candle ? Tex

Hi Tex,

Once the signal bar closes, I place a stop order 1 pip above (or below) the signal bar.

Thanks buddy. Tex