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Flag trading the trend

  • #541
  • Mar 1, 2011 9:31pm Mar 1, 2011 9:31pm
RIGHT.............
Quoting Divergence
i thought you werent moving the markets anymore?
  • #542
  • Mar 2, 2011 2:11am Mar 2, 2011 2:11am
Hi Divergence & all,

Love this thread as it suits my style of trading. I will patiently and humbly read through before making any contribution, unless of course I succumb to temptation and let my curiosity get the better part of me. I sincerely hope I can learn from you great traders, and share my little but insignificant knowledge too.

Great pips to all, and God bless

George
Low Risk Low Stress High Reward High Probability Trades
  • #543
  • Mar 2, 2011 2:40am Mar 2, 2011 2:40am
What would be nice is to have something that measures a 45 degree angle. The greater the degree of angle on an early pullback seems to deliver good results.
  • #544
  • Mar 2, 2011 2:56am Mar 2, 2011 2:56am
Good price action on usd/jpy - ripe for a pullback
Enter Signature
  • #545
  • Mar 2, 2011 2:56am Mar 2, 2011 2:56am
Quoting silversurfer
What would be nice is to have something that measures a 45 degree angle. The greater the degree of angle on an early pullback seems to deliver good results.
someone has already posted an indie to do just that, have a look for "Trendline_Retrace_v1.1" in the attachments.
  • #546
  • Mar 2, 2011 2:59am Mar 2, 2011 2:59am
Quoting silversurfer
What would be nice is to have something that measures a 45 degree angle. The greater the degree of angle on an early pullback seems to deliver good results.
how can you indicate angle?.......squeeze and expand your chart,and look at difference in angles on trendlines........USE YOUR EYES
  • #547
  • Mar 2, 2011 3:39am Mar 2, 2011 3:39am
didn't say it was possible only that it would be nice
  • #548
  • Mar 2, 2011 4:28am Mar 2, 2011 4:28am
Quoting silversurfer
What would be nice is to have something that measures a 45 degree angle. The greater the degree of angle on an early pullback seems to deliver good results.
One way would be to click insert/lines/trendline by angle. It will tell you what angle while your plotting it on the chart and after when you put your mouse on it. Give it a try.
  • #549
  • Mar 2, 2011 7:09am Mar 2, 2011 7:09am
Mr. Div please help me understand how you mark HH HL and LH LL.
Would you see it as marked with blue or yellow?
Attached Image (click to enlarge)
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  • #550
  • Mar 2, 2011 8:09am Mar 2, 2011 8:09am
Divergence! I have been learning elliott wave for the last two years and have been amazed at how it's proven right time after time. BUT... I have not had much success taking advantage of what's happening, and making money with it -- too many alternate possibilities and recounts, even though it works out in the end.

I just followed your method and made money on this last push up in wave five on the E$. Thanks!
  • #551
  • Mar 2, 2011 8:41am Mar 2, 2011 8:41am
Thanks for that ............
Quoting SatchFan
One way would be to click insert/lines/trendline by angle. It will tell you what angle while your plotting it on the chart and after when you put your mouse on it. Give it a try.
  • #552
  • Mar 2, 2011 8:49am Mar 2, 2011 8:49am
Some fast pips from GJ. Any comments?

Attached Image (click to enlarge)
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  • #553
  • Mar 2, 2011 8:53am Mar 2, 2011 8:53am
hi, div,
Thanks a lot. But I just asked JDcomputer to give us a live show .
Quoting Divergence
hey peterson as i have mentioned before in past posts when its time to trade i manage an acct i need to be 100% focused i am not doing a signal service i gave you all the info on this thread read it study impiment it if you cant get well then i dont what else to say i am not mentoring people at this time maybe 1 day
  • #554
  • Mar 2, 2011 8:55am Mar 2, 2011 8:55am
I use the Gann Line - Insert - Gann - Gann Line and even have it up on my tool bar.

I use whole numbers with a -ve for a down-trending line......be aware that these values change with the time frame used.
Trading Levels with WRBs
  • #555
  • Mar 2, 2011 10:04am Mar 2, 2011 10:04am
Quoting peterson00
hi, div,
Thanks a lot. But I just asked JDcomputer to give us a live show .
Hey, sorry I didn't see that request.
  • #556
  • Mar 2, 2011 12:03pm Mar 2, 2011 12:03pm
Quoting Sarythsaya
Good price action on usd/jpy - ripe for a pullback
I caught that. Chart below. Reversal could have been entered at time of confirmation or after it broke the trendline. What do you think? Yellow arrows are positive divergences.
Attached Image
  • #557
  • Mar 2, 2011 12:42pm Mar 2, 2011 12:42pm
Quoting pdean123
I caught that. Chart below. Reversal could have been entered at time of confirmation or after it broke the trendline. What do you think? Yellow arrows are positive divergences.
Where is your Flag? Where is your entry?
  • #558
  • Mar 2, 2011 1:42pm Mar 2, 2011 1:42pm
Quoting Rcwso
Where is your Flag? Where is your entry?
The RED Arrow on the RSI (RSI Negative Reversal/Hidden Negative Divergence) a close of the down-bar that creates the peak and the signal or the break of the trend line. Personally I trade the RED Arrow. The flag is there, it just depends on how you view it.
  • #559
  • Mar 2, 2011 1:52pm Mar 2, 2011 1:52pm
Hi Divergence & all,

My first post on a potential divergence & 123 short I noticed on the Cable. Am I getting it right.

Thanks for your comment(s)

Cheers, and God bless

George
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #560
  • Mar 2, 2011 2:41pm Mar 2, 2011 2:41pm
Another divgce/123 combo that should have worked well during the Lndn session. I would have opted for the candle opening above the 10MA or otherwise wait for it to close above pt 2 with stop below pt 3 and profit target 1 (PT1) @ the 161.8FE & PT2 @ the 261.8FE if PA ever reaches but would have been trailing my stop anyway.

Great to finally find a home on this thread, and I trust I'm getting it and making sense!!

Will be back around Tokyo open

Take care all, and God bless

George
Attached Image (click to enlarge)
Click to Enlarge Name: audusd divgce 123 combination.jpg Size: 152 KB
Low Risk Low Stress High Reward High Probability Trades
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