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Flag trading the trend

  • #401
  • Feb 27, 2011 6:42pm Feb 27, 2011 6:42pm
the candle with the arrow is trigger bar it was below 10 sma and retracement finder below -50 stop is the same
  • #402
  • Feb 27, 2011 6:48pm Feb 27, 2011 6:48pm
Quoting Divergence
the candle with the arrow is trigger bar it was below 10 sma and retracement finder below -50 stop is the same
In my MT4 retracement finder is above -50 for that arrow bar.
Anyway, forget this particular case, I just want to know, if there's no 1 pip after trigger bar, can I entry at ANY bars later?
  • #403
  • Feb 27, 2011 7:02pm Feb 27, 2011 7:02pm
if trigger bar is not taken out you have 1 more bar in which it must trigger or no trade
  • #404
  • Feb 27, 2011 7:08pm Feb 27, 2011 7:08pm
Thanks, Div.
  • #405
  • Edited 8:06pm Feb 27, 2011 7:54pm | Edited 8:06pm
Quoting vince
Would this be the right entry too?
hi, div,
I have the same problem too.
the low of the trigger bar is 1.37781, the low of the enter bar is 1.37765, so the trade is triggered. if so, it will be a lost.
it happened sometimes before the real end of a pullback.
correct me please.
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  • #406
  • Feb 27, 2011 8:02pm Feb 27, 2011 8:02pm
my oanda has that candle at 37781 not what you have refresh chart or some thing here it is plus i dont trade at 640 in the morning
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  • #407
  • Feb 27, 2011 8:22pm Feb 27, 2011 8:22pm
any other questions ask them now time to kick back and relax
  • #408
  • Feb 27, 2011 9:08pm Feb 27, 2011 9:08pm
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
the eur/usd in the past hour? fill all the rules? in a up trend?
" Keep walking and you will get there "
  • #409
  • Feb 27, 2011 11:08pm Feb 27, 2011 11:08pm
I got in on that one too! :-)

Quoting Divergence
well that was a quickie win
  • #410
  • Feb 28, 2011 12:08am Feb 28, 2011 12:08am
Hi Div!

I can see that you are sharing a precious knowledge here...
Fantastic thread!

There's always a room in my head to learn from others.

May the pips be with you...
(Oh no this wont work, you really looks like already have tons of them ... )

Let see... hmm....

Wish you fantastic life always...
(Ohh...well I guess this is not so bad..)


NG
  • #411
  • Feb 28, 2011 12:55am Feb 28, 2011 12:55am
Quoting jdcompute
I got in on that one too! :-)
I went in for more on EU and ouch, trend change..price broke thru and is making a new high so I'll wait for a pullback and look to recoup my loss.
  • #412
  • Feb 28, 2011 1:16am Feb 28, 2011 1:16am
Euro has been in an up trend for last 7 hours
  • #413
  • Feb 28, 2011 2:57am Feb 28, 2011 2:57am
Quoting jacksonphili
Hi Div , Sujith,

Could one of you check my Entry and exit points and let me know if i'm on the right track. I'm a newbie and I kinda feel that I'm doing it right, but you never know my right could be your left

Any help appreciated

http://www.forexfactory.com/attachme...1&d=1298833111


Regards

Jackson Philips
India, Bangalore
Hi Jackson,

Difficult to figure out the exact point of your entries and exits from your chart. Also, the last trade was counter trend. Make sure you understand the difference between trend trades and counter trend. Read Divergence's posts several times. I am quite new and not an expert, better get your queries answered by Divergence.
  • #414
  • Feb 28, 2011 3:26am Feb 28, 2011 3:26am
Hi Divergence,

In the chart below, took the first one which turned out to be a loser, but was able to recoup my losses on the second one. I am usually quite cautious about putting on a trade within the first half hour of London open (8-8:30 gmt) because there is a tendency for the market to whip you but for some reason took the trade (the first one). Did I do something wrong there? Is it advisable to take a trade a few minutes within the session open?
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  • #415
  • Feb 28, 2011 3:57am Feb 28, 2011 3:57am
Quoting Sujith
Hi Divergence,

In the chart below, took the first one which turned out to be a loser, but was able to recoup my losses on the second one. I am usually quite cautious about putting on a trade within the first half hour of London open (8-8:30 gmt) because there is a tendency for the market to whip you but for some reason took the trade (the first one). Did I do something wrong there? Is it advisable to take a trade a few minutes within the session open?
on my chart at 8.05 GMT the retracement finder is lower than 50
  • #416
  • Feb 28, 2011 4:07am Feb 28, 2011 4:07am
Quoting vince
on my chart at 8.05 GMT the retracement finder is lower than 50
Thank you so much friend. You are right. A lapse in concentration on my part. When that bar closed and the next one opened the new bar reading was above 50 and I mistook that as the previous bar's reading.
  • #417
  • Feb 28, 2011 4:12am Feb 28, 2011 4:12am
Quoting Sujith
Thank you so much friend. You are right. A lapse in concentration on my part. When that bar closed and the next one opened the new bar reading was above 50 and I mistook that as the previous bar's reading.
  • #418
  • Feb 28, 2011 4:21am Feb 28, 2011 4:21am
Have just got in E/U trade
  • #419
  • Edited 4:39am Feb 28, 2011 4:27am | Edited 4:39am
Edited: Should have said at 1015. Not in because I am in on something else that I am working on. Watching to see how it would turn out.
  • #420
  • Feb 28, 2011 4:53am Feb 28, 2011 4:53am
Quoting vince
Have just got in E/U trade
There is a divergence now, possible loser...
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