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Flag trading the trend

  • #661
  • Mar 3, 2011 6:43pm Mar 3, 2011 6:43pm
hey joel nice score i dont trade thurday night or friday morning when non farms come out just my own disipline rule
  • #662
  • Mar 3, 2011 6:45pm Mar 3, 2011 6:45pm
Quoting Divergence
vince flagline is wrong

What is wrong with flagline? It seems close enough to me.
Enter Signature
  • #663
  • Mar 3, 2011 6:46pm Mar 3, 2011 6:46pm
A good moment to study this interesting way of trading the EU M5.

With NFP just around the corner, a safe way to spend time.
  • #664
  • Mar 3, 2011 6:49pm Mar 3, 2011 6:49pm
Hi Div,

I would appreciate your comment on the trade below.
Attached Image (click to enlarge)
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  • #665
  • Mar 3, 2011 6:53pm Mar 3, 2011 6:53pm
sujith does the chart look like its trending? the answer is no secondly after news that brings market down that much put the waves out of sinc and it looks more like a heartattack best to stay away just pick the ones that are trending spikes are not trends
  • #666
  • Mar 3, 2011 6:56pm Mar 3, 2011 6:56pm
Quoting Divergence
sujith does the chart look like its trending? the answer is no secondly after news that brings market down that much put the waves out of sinc and it looks more like a heartattack best to stay away just pick the ones that are trending spikes are not trends
Thanks.
  • #667
  • Mar 3, 2011 6:56pm Mar 3, 2011 6:56pm
joel pmd u
  • #668
  • Mar 3, 2011 7:00pm Mar 3, 2011 7:00pm
here is a chart find these and you will make a lot of money
Attached Image (click to enlarge)
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  • #669
  • Mar 3, 2011 7:25pm Mar 3, 2011 7:25pm
heres last chart study them find them trade them
Attached Image (click to enlarge)
Click to Enlarge Name: 777.jpg Size: 180 KB
  • #670
  • Mar 3, 2011 7:36pm Mar 3, 2011 7:36pm
Well if you don't ...............I won't..........There must be a method to your madness........
Quoting Divergence
hey joel nice score i dont trade thurday night or friday morning when non farms come out just my own disipline rule
  • #671
  • Mar 3, 2011 7:38pm Mar 3, 2011 7:38pm
hey merino i pm d you
  • #672
  • Mar 3, 2011 7:42pm Mar 3, 2011 7:42pm
If you know what you are doing, there is nice and easy money to be made trading NFP

BUT

you should not happen to have a heart problem or an ulster
  • #673
  • Mar 3, 2011 7:46pm Mar 3, 2011 7:46pm
trading news is a very big risk i would rather not its simpler staying under brokers radar and taking money from them as they take money from the rest just my opinion people like to gamble i like high probability setups in high probability time zones
  • #674
  • Mar 3, 2011 7:52pm Mar 3, 2011 7:52pm
I agree with you on that a full 100%
  • #675
  • Mar 3, 2011 8:11pm Mar 3, 2011 8:11pm
have a good weekend
  • #676
  • Mar 3, 2011 10:46pm Mar 3, 2011 10:46pm
Hi Divergence,

Will you elaborate what constitues a good divergence? What doesnt?
  • #677
  • Mar 3, 2011 11:46pm Mar 3, 2011 11:46pm
Quoting PlasmaxGT
Hi Divergence,

Will you elaborate what constitues a good divergence? What doesnt?
I am not sure what divergence will say but I have a view.

A divergence will often precede a pivot which continues a trend, and sometimes it will occur at the point at which a trend changes - as it is a counter-trend signal.

From the perspective of the set-up Divergence mentions, a good divergence is one that is followed by a 1-2-3 sequence in price action that has the effect of changing the current trend.
Enter Signature
  • #678
  • Edited 2:51am Mar 4, 2011 2:49am | Edited 2:51am
If I did it right here are a couple of indicators to show regular and hidden divergence. Maybe even too many different ones. You may can reset properties for fewer lines. Paul
Attached File(s)
File Type: mq4 CCI_Divergence_V1.1.mq4   12 KB | 719 downloads
File Type: mq4 Stochastic_Divergence.mq4   13 KB | 656 downloads
  • #679
  • Mar 4, 2011 6:20am Mar 4, 2011 6:20am
Quoting Divergence
my opinion people like to gamble - i like high probability setups in high probability time zones
This is stuck to my monitor.

As another great trader, GB007, once said -

"THE URGE TO TRADE IS STRONGER THAN THE URGE TO TRADE PROFITABLY!!!"
  • #680
  • Mar 4, 2011 6:26am Mar 4, 2011 6:26am
in an eurusd trade. moving slowly.

the trade i took is supposed to be like this sl=8 pip,tp=8. but when the order is placed, spread + slippage stole 2 pip from me. my rr is 10:6 now.
what's your solution to this kind of problem?
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