Flag trading the trend

Took aud/usd north for a win at 10:05........thanks Mr. D

I agree with you.......

Let us wait for Divergence to clear this out. Joel, any comments about post #274

my suggestion on trend is shift to a higher timeframe and mark every recent swing h & l. if you can hh and hl in order, you have up trend. if you can see ll and lh, down trend, if you see choppy h and l, no trend.

let's wait what Captain Divergence would say........

Thinking conservatively, I would have become very interested when price broke that swing low ,retraced then headed down again.Thats when I thought trend had changed.....I took the pair short for a small win......2 good trades.......All done

Hi Joel,

Thanks for the reply. Can you please specify which area you are referring to as the swing low in your last post

Greetings, thank you for your system. Have you consider using some commas, capital letters, and a new sentence every now and then? The reason I ask is because this is a very confusing post.

For instance, when you say you "never look for more that (sic) 26 pips stop", what do you mean? Why do you never look for more than 26 pips stop?

Secondly, when you say "trigger bar this works on any pair" what do you mean? Do you mean the trigger bar works on any pair? That does not make sense. Or did you just forget to put a period (.) and start a new sentence?

There are other things you say in here that just make no sense, but I'm thinking it is because you didn't start a new sentence, or use any commas or any grammar at all. I realize English may not be your first language, but I think many of us would appreciate at least being able to understand your method here. As it is right now it sounds like:

"this is a great trading system good stops without targets profits good trend not in range trade any timeframe period."

I think you can see how that is a bit confusing. Can we talk you into some periods and a few new sentences so we can follow along with you?

your system is a clear simple system, especially with the retracement indicator. it works well in the proper trading time frames

good job

Hey Div,

You have presented a clear, simple trading system.

Thanks,
Jon

[quote=Sujith;4430384]Hi Joel,

Hi Sujith..... The level I'm refering to is right around 1.3753.......It was significant for me, considering the news, price action, and the time of day......

Thanks Joel

One more win for the day.

Mr. D - thanks for sharing this great system! Please keep giving us your insights.

jdcompute - what indicator produces your red and blue arrows?
thanks

hi guys i need to say a few things before i go over the setup 1 last time. when i started this thread it was over in trading discussion its purpose was to help a few friends then it moved over hear and i never thought there would be so much traffic here(.) theres the period dreamliner! i have laid out the way to find and enter a trend i havent talked much about counter trends because if you cant spot the trend then every things a counter trend to you. I have posted tons of charts and explained them again and again, some get it others dont. The last thing (this is for you j compute) is for someone else to come in and say no what i am doing is wrong and what he is doing is right so follow me. I trade a managed acct and clients have entrusted me with there money are you managing a fund? If not start a thread and post your glorious method i am not being rude its that being doubled minded when it comes to anything paralizes a person. I trade from 7pm est to 830 during that time i focus on my job of trading clients money without any distractions thats why i post after 830 or after a trade is complete. from 845 am till 1200 i do the same after that its wife's time. On monday's though i can post after i trade in morning because monday is my day.

Everyone on this or any other forums biggest desire is to succed and make money trading forex. people go from thread to thread in hope they will catch lightning in a bottle with various indicators, pivot point, murrey math line, fibs or what have you. Do i use indicators the answer is yes but only as an entry. I first find out are we in a trend or not and if so which direction. Forget above counter trends for now once you know a trend is under way and its not a counter trend wait for pullback and then find entry. here are the rules spelled out so repeat questions can be put to rest, this method is extremely easy and very profitable. All the info you need to trade can be found on the chart you are looking at no need to look at higher time frades etc.

I trade the eurusd. 5 min chart. 10 sma apllied to median h/l2 cci 8 levels =50 and -50 maximum target is 26pip max stop is 26 pips. r/r 1:1 I do trake trades that go up to 30 pips but i still make them 26 stop 26 target. the reason 1:1 this is a very high probability setup. The stop is the last pullback leading up to the trigger bar.

The entry: Once you know which way trend is going ( I will post chart) wait for a pullback then when price closes above the 10 sma and cci closes on same bar at+50 or more (this is for up trend reverse for down trends) you enter 1 pip above the high of the candle if next candle did not take you into trade and it is still above 10 sma and cci is still above +50 you have 1 more shot. if it doesnt take it out wait for cci to go back below +50 and wait for another candle. the stop is the low of last pullback. add low price with entry price and you have target price. When in trade and price comes within 5 pips of target i move stop to BE and watch PA very carefully for bounces so if it bounces 3 pips from target and pullsback then comes up to that price again i am ready to close trade. There is never a sin commited in taking profit. I hope i have explained everything i will now post chart on how to find trend AGAIN! THERE SHOULD BE NO EXCUSES

i hope my last post didnt offend anyone just telling it like it is

yo joel

Yo Mr. D.

so what are yours thoughts group

Thanks for your valuable information Div. So far it looks like an excellent method. Clear, concise and consistent results. If I knew how to vouch for you I would.

Dave

you already did by your post i dont need vouches lol my clients i trade for are my vouchers