Flag trading the trend

hi peterson
I can not saw you because the platform operations are unconfigured and had to update the account. only have my word that is true ... I hope you believe me. would be absurd lie here ...

creating a strategy is very personal ... so you have to adapt to your way of operating ... I'm used to using multiTF, therefore I have adapted this strategy to my way of operating.

but if I can show more later some predictions that keep for my studies ... the ellipse indicates where the price will go .... you just have to see if it was successful

example eur-usd....Yesterday draw an ellipse ... pair in h1 was overbooked, a few later with divergence .... was just a matter of waiting a bit (which formed the blue zz m5)


about the meaning of TP .... TP = Take Profit (target)

sorry for my English.

well a day of almosts . almost a down signal but no cigar. So no entrys for me so if you were following the rules there should be no entry for u if you were trading the eurusd other pairs i do not know with that said time to take daughter and grandson out to play

hi div,

Red color is sell entry.

Please comment it.

Thank You

Hi,

First of all Thks for sharing your great system Div

Regarding your trades I would say that is not valid entry regarding CCI values. Correct me if I am wrong

all the best to this smart thread

to clarify the signal at 1620 or 1120 am everything was crossed but the candle high was more than 2 pips (or 2.4 with pippettes) from sma so i wouldnt put those on. Why? in my 10 yrs of trading when price moves away from its average it always moves back to it just one of my rules. Justin you have recognized the setup correctly so thats a good thing.

while we have a break in action like to discuss the two keys to trading. First is find a method that has a consistent win loss ratio anything about 51% consistenly will make you money overall it might take longer to become a fulltime trader but at least you are on the right track. Once you found something master it. The dangers that so many traders get into is this they find something they dont do exstensive research to see if this is a consistent plan over time. No they jump in and they may get on a winning streak then all of a sudden it goes sour, so what do they do they start looking for something else. Does this sound familar to you? it does to me because i was there. the 2 keys are patience and disipline with 1 method no matter what is it .

Heres a thought on money management. This game is about making money not pips, they are just the chips that we use in this casino. Say you have 10000 as an acct and you have a month of say 12 wins and 4 losses that would be a net of 8 wins. so if you risk say 3% per trade which is 300 a trade you would net 2400 thats a 24% gain in your acct. so next month beginning equity is 12400 so 3% of that is 372 a trade do this for 4 months and you double your acct do it 3 times in a year and you take 10000 to 80000! do better than 12 wins 4 losses that number changes . think about what i am sharing this is not rocket science just plain math.

Great advice!

Oh. This one is important.
Thanks,Div, for your tons of charts, but some point of your rules just is not shown in those charts, like this "2pips" rule, I guess. And maybe another "one more shot" rule is not clearly shown on charts, it could be understood as "one more bar" or "one more chance in ANY bar".

they are mentioned in many posts and i believe some charts i cant keep repeating things it will drive me nuts everything is in this thread there are no secrets

Hi Div,

The trigger bar was at 15:55. Did I do something wrong here?

A good system puts one at the crossroads. People can no longer blame the system for their failure if the backtesting has shown it to be profitable - this then helps put the OTHER reasons they are not profitable in sharper focus - like a lack of discipline and patience.

Thanks again muchuchos. You have done wonders to my trading.

it's uptrend now, I am waiting to buy...
correct me if I am wrong.

update: trade failed.

Same here. Could anyone comment what went wrong in this trade?

Yep, I lost too... 2% gone. Dust yourself off, and wait for the next opportunity. You can always find a reason on some other TF or because a butterfly flapped it's wings on Mt Everest. Don't bother. This system is very profitable...stick with it

FS

It looks like a number of things

the bar you entered on was to far away from the MA as it tends to always come back when its that far away

Plus the RSI retracement bar was white not blue, plus this is a very low volume time of day

other than that you had it down pretty good

I don't think there was anything wrong with the entry but let us wait for Div to comment. As FS said losses happen and it is easy to give thousand different reasons after the fact.

thanks so much!!!

Just FYI, we are trading into heavy traffic, as 1.3850 was rejected 4 times today.

Thanks for the encouraging comment. i will keep trying.