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Flag trading the trend

  • #481
  • Feb 28, 2011 10:04pm Feb 28, 2011 10:04pm
Quote
We are still in an uptrend but you would not find enough momentum at this time. For Asian session, better stop trading at 130 GMT.

I agree that the volume and momentum would be low. Just wondering if it was a valid signal overall. I am guessing it was a good trigger bar, but out of the time to trade.
  • #482
  • Feb 28, 2011 10:07pm Feb 28, 2011 10:07pm
One set up that fulfilled criteria and one that didn't.
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  • #483
  • Feb 28, 2011 10:08pm Feb 28, 2011 10:08pm
Quoting Rcwso
I agree that the volume and momentum would be low. Just wondering if it was a valid signal overall. I am guessing it was a good trigger bar, but out of the time to trade.
Yes the 2:30 setup was otherwise fine
  • #484
  • Feb 28, 2011 10:09pm Feb 28, 2011 10:09pm
forgot to mention that there was divergence showing on the second pullback which also made me wary
  • #485
  • Feb 28, 2011 10:10pm Feb 28, 2011 10:10pm
Quoting silversurfer
One set up that fulfilled criteria and one that didn't.
Which one was good trade and which one was not according to you? And Why?
  • #486
  • Feb 28, 2011 10:19pm Feb 28, 2011 10:19pm
first one was the set up, on the second one i worried about a lower low being made along with divergence. when in doubt stay out.
  • #487
  • Mar 1, 2011 12:21am Mar 1, 2011 12:21am
well, with this method I no longer have to try to trade London. Here are two wins I took tonight and now I'm off to bed until later. Not looking to trade until after the news at 9AM CST.
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  • #488
  • Mar 1, 2011 5:53am Mar 1, 2011 5:53am
By the way - where do you guys find that neat histogram cci??
  • #489
  • Edited 6:39am Mar 1, 2011 5:59am | Edited 6:39am
Quoting jobates
By the way - where do you guys find that neat histogram cci??
Jo,
you have 2 options:

Press the attachment clip on top right and choose either 'CCI Histogram.ex4' or '1-retracement finder.mq4' in the attachment pages.

fun
  • #490
  • Mar 1, 2011 6:10am Mar 1, 2011 6:10am
Hi Div,

Came close to stopping out on this one but was able to close out at break-even. Am curious to know what you would have done in this situation. Did I do something wrong?
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  • #491
  • Mar 1, 2011 6:19am Mar 1, 2011 6:19am
Great thread guys!

At the risk of sounding a bit dim, there is one point that I can't quite get clear (and I have read the thread twice - promise!). It is the point about the candle being no more than two points away from the MA. Is this the high/low of the trigger candle?

All answers gratefully received!
  • #492
  • Mar 1, 2011 6:22am Mar 1, 2011 6:22am
Hi Div,

Any comment?

Thank You

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Today's You was Your previously Thought.
  • #493
  • Mar 1, 2011 6:30am Mar 1, 2011 6:30am
Quoting Delite
Great thread guys!

At the risk of sounding a bit dim, there is one point that I can't quite get clear (and I have read the thread twice - promise!). It is the point about the candle being no more than two points away from the MA. Is this the high/low of the trigger candle?

All answers gratefully received!
me too,.........i understand it as the trigger candle has to get to within 2 pips of the MA
  • #494
  • Mar 1, 2011 6:36am Mar 1, 2011 6:36am
Quoting FOURX
me too,.........i understand it as the trigger candle has to get to within 2 pips of the MA
Open or close? I understand if it relates to the open - you don't want a candle to be too far away from the MA because price will come back to the MA. However, as this follows a retracement, then is it not more likely that the trigger candle will straddle the MA?
  • #495
  • Mar 1, 2011 11:32am Mar 1, 2011 11:32am
Quoting Divergence
the ma is simple 10 apllied to median hl/2 when candle closes below 10 and cci closes below 50 on a downtrend enter 1 pip below low stop is last swing pullback 1 last chart
Please explain "applied to median hl/2" regarding simple 10 MA. Thanks.
  • #496
  • Mar 1, 2011 1:16pm Mar 1, 2011 1:16pm
Quoting watermarkk
Please explain "applied to median hl/2" regarding simple 10 MA. Thanks.
It is one of the settings you can choose when you put the 10 SMA indicator on your chart. If you use MT4, right click on the 10 SMA and the options window will open up. An "apply to" drop down will allow you to check the "median HL/2."
  • #497
  • Mar 1, 2011 5:07pm Mar 1, 2011 5:07pm
hi guys tough day of trading heres the senario, bernake speaks at 1500 gmt and a news release at same time not condusive for trading its like non farm day. Remember this is a trend method if you come to market and its not trending but staying in a range from 1 swing nothing you can do but retreat and come and fight another day. On those london trades there were no signals .If you cant draw a flag forget it
  • #498
  • Mar 1, 2011 5:09pm Mar 1, 2011 5:09pm
my bad there was 1 signal to go long at 300 am or 8gmt there was also 1 at 915 am or 1315 i didnt take it should have it was only 15 pips but didnt over all ugly chart
  • #499
  • Mar 1, 2011 5:29pm Mar 1, 2011 5:29pm
Quoting Divergence
my bad there was 1 signal to go long at 300 am or 8gmt there was also 1 at 915 am or 1315 i didnt take it should have it was only 15 pips but didnt over all ugly chart
Hi, Div.

Confused about the time..

Can try to post a chart and mention? Jus an advice.

Thank You
Today's You was Your previously Thought.
  • #500
  • Mar 1, 2011 6:45pm Mar 1, 2011 6:45pm
Hi Div,

Would appreciate your comment on post #490.
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