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Flag trading the trend

  • #641
  • Mar 3, 2011 4:22pm Mar 3, 2011 4:22pm
fxwest the candle to the left thats one sma is the one tyher other is the entry if thats what u mean remember my trading zone is 1400 to 1700 sometimes i will look at 1345 but you guys are starting to see this which is good so i dont have to repeat stuff over and over again. heres some food for thought. if you get 14 wins a month doing this which is about 3.5 a week and trade it when u are ready at 3% you can double your money every 2 months isnt that better than accumulating a lot of pips for not a lot of money
  • #642
  • Mar 3, 2011 4:24pm Mar 3, 2011 4:24pm
Quoting Divergence
fxwest the candle to the left thats one sma is the one tyher other is the entry if thats what u mean
got it

I thought it had to be a blue retracement bar, but that helps
  • #643
  • Mar 3, 2011 4:25pm Mar 3, 2011 4:25pm
Quoting silversurfer
JD on that aus trade the open of the entry bar was 56.6 and the sma was at 56.4 - looked perfect to me and ended a winner. Teach me to get distracted after watching it for an hour or so.
On the eurusd I would suggest it was where I have placed the arrow
Happens to me all the time. I sit there and wait and wait for a setup and then get up for coffee or something, get into a conversation and then..the train has already left the station by the time I get back to my desk. I'm learning though
  • #644
  • Mar 3, 2011 4:30pm Mar 3, 2011 4:30pm
Quoting Divergence
fxwest the candle to the left thats one sma is the one tyher other is the entry if thats what u mean remember my trading zone is 1400 to 1700 sometimes i will look at 1345 but you guys are starting to see this which is good so i dont have to repeat stuff over and over again. heres some food for thought. if you get 14 wins a month doing this which is about 3.5 a week and trade it when u are ready at 3% you can double your money every 2 months isnt that better than accumulating a lot of pips for not a lot of money
This gets easier as you see these things setup
  • #645
  • Mar 3, 2011 4:34pm Mar 3, 2011 4:34pm
Quoting Divergence
can anyone spot the eurusd in us session entry point?
Hi Divergence,

I spotted 2 possible entries but the first one was too fast & therefore would have avoided trading during the news release. I would have waited for the retracement and entered @ 1.3950, 1 pip above the new candle after the one that crossed the MA, and RT/CCI went above +50. Stop would have been @ 1.3923, below the previous swing and with profit target @ 1.3977 at a 1:1 RR.

Please correct me if I'm wrong.

Thanks

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 3032011 us trigger.jpg Size: 129 KB
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  • #646
  • Mar 3, 2011 4:35pm Mar 3, 2011 4:35pm
Quoting Divergence
This gets easier as you see these things setup
This is a solid system and easy to see once it is clear

the pullback/retracement theory really hit home, I had read so much about it before but never really got it until now and the retracement indi is great

but, you can almost see it without those, but its good for confirmation

Thanks for your work it means a lot to all of us

FXWest
  • #647
  • Mar 3, 2011 4:35pm Mar 3, 2011 4:35pm
Quoting jdcompute
Happens to me all the time. I sit there and wait and wait for a setup and then get up for coffee or something, get into a conversation and then..the train has already left the station by the time I get back to my desk. I'm learning though

You need a laptop and a wireless connection mate, then you can hang with the other half and keep everyone happy.
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  • #648
  • Mar 3, 2011 4:44pm Mar 3, 2011 4:44pm
to all that move today when it shot up finished the day for me you cant trade that so 919 this would have to have come back quite aways and wave down for me to trade it when it goes up 120 pips either find another pair or find something else to do besides trading
  • #649
  • Mar 3, 2011 4:47pm Mar 3, 2011 4:47pm
Quoting Divergence
fundimental the first flag line not needed pair is in uptrend zoom out and you can clearly see it plus it was going sideways pulled back which is counter trend then there were 2 signals the second one came within 2 pips of target
Mr' DIV, I appreciate your reply. My question was primarily referring to the last flag (post #623). please ignore all other trend lines. 5th candle from the right is a (fake) entry long. In actuality it's a new down trend.
Just wanted to hear from you how you deal with that; meaning you would recognize the prior Lower low and avoid entering, correct?

thanks for this breath of fresh thread

fun d.
  • #650
  • Mar 3, 2011 4:47pm Mar 3, 2011 4:47pm
hey mr new you have been here for a second and you too have gotten so you get one also
Thanks Divergence, been reading thru the entire threat...
  • #651
  • Mar 3, 2011 4:59pm Mar 3, 2011 4:59pm
mr. Div, can you give us another one to find, please
  • #652
  • Mar 3, 2011 5:33pm Mar 3, 2011 5:33pm
ok audusd ony ny session from 845 am to 1200 or 1345 to 1700 find the setup
  • #653
  • Mar 3, 2011 5:41pm Mar 3, 2011 5:41pm
is this correct?
and another already was posted
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  • #654
  • Mar 3, 2011 5:43pm Mar 3, 2011 5:43pm
correct vince
  • #655
  • Mar 3, 2011 5:47pm Mar 3, 2011 5:47pm
did i draw a flagline wrong in #621?
  • #656
  • Mar 3, 2011 5:59pm Mar 3, 2011 5:59pm
Quoting Divergence
ok audusd ony ny session from 845 am to 1200 or 1345 to 1700 find the setup
Hi Div,

My 1st post here.. Still learning hard but I like it, thanks for teach us..

so, are these correct?
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  • #657
  • Mar 3, 2011 6:00pm Mar 3, 2011 6:00pm
Quoting Divergence
to all that move today when it shot up finished the day for me you cant trade that so 919 this would have to have come back quite aways and wave down for me to trade it when it goes up 120 pips either find another pair or find something else to do besides trading
Thank you & guess I take your advise. All the best.
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  • #658
  • Mar 3, 2011 6:04pm Mar 3, 2011 6:04pm
vince flagline is wrong
  • #659
  • Mar 3, 2011 6:05pm Mar 3, 2011 6:05pm
Quoting Divergence
vince flagline is wrong
I see, thank you
  • #660
  • Mar 3, 2011 6:32pm Mar 3, 2011 6:32pm
Shorted aud/usd at 7:00pm est for a 10 pip win... let's see............... $846.00 a pip........thats ...........thats............................. not bad
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