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Flag trading the trend

  • #741
  • Mar 7, 2011 2:01pm Mar 7, 2011 2:01pm
as i look at other pairs there are a lot of head and shoulders patterns today o by the way the right shoulder is the 123 setup
  • #742
  • Mar 7, 2011 2:04pm Mar 7, 2011 2:04pm
well i have been sharing for about 1 month if i never put another post up how many could trade this without help?
  • #743
  • Mar 7, 2011 2:08pm Mar 7, 2011 2:08pm
Quoting Divergence
well i have been sharing for about 1 month if i never put another post up how many could trade this without help?

I guess it's up to us to practice now!
  • #744
  • Mar 7, 2011 2:14pm Mar 7, 2011 2:14pm
well put arnold
  • #745
  • Mar 7, 2011 2:16pm Mar 7, 2011 2:16pm
Quoting Divergence
well i have been sharing for about 1 month if i never put another post up how many could trade this without help?
ooo, no, don't go Div, better tell me if this is right?
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  • #746
  • Mar 7, 2011 2:27pm Mar 7, 2011 2:27pm
My God, I just came across this thread and have been backtesting this all night. Divergence, you are the fluffin man!! Thank you so much for sharing your knowldege and insight!!
Enter Signature
  • #747
  • Mar 7, 2011 2:29pm Mar 7, 2011 2:29pm
vince listen and all those if you dont understand divergence and 123 stay away from that setup please . Divergence and 123 happen for the last time at the end of a trend not in the middle this is last chart on this subject it doesnt need repeating picture says all it needs to say
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  • #748
  • Edited 3:04pm Mar 7, 2011 2:47pm | Edited 3:04pm
Quoting Divergence
vince listen and all those if you dont understand divergence and 123 stay away from that setup please . Divergence and 123 happen for the last time at the end of a trend not in the middle this is last chart on this subject it doesnt need repeating picture says all it needs to say
ok, that helps. Would it be ok if situation on my last chart happened lower .3950?
and also, here you have divergence + 123 on a pullback, correct me if i'm wrong.
http://www.forexfactory.com/attachme...1&d=1299438305
  • #749
  • Mar 7, 2011 3:01pm Mar 7, 2011 3:01pm
Quoting Divergence
well i have been sharing for about 1 month if i never put another post up how many could trade this without help?
DoomsDay...
Today's You was Your previously Thought.
  • #750
  • Mar 7, 2011 3:05pm Mar 7, 2011 3:05pm
As the golfer Gary Player said: The more I practice the luckier I get!
By practice in this instance I don't mean taking trades but rather practice identifying trade set ups and keeping a log of what worked and what didn't - that way you will get luckier as you filter out those sucker trades which look oh so tempting.
  • #751
  • Mar 7, 2011 3:31pm Mar 7, 2011 3:31pm
This is my first post on this thread but I have been following along and demoing some trades. Today (Counting last night) I took 4 trades on 4 different pairs (EU - UJ - EJ - GU)... all 4 successful. Now one day does not mean I have it mastered but it makes sense to me. What has helped me is sticking strictly to the rules. There have been several set-ups that looked good but didn't meet all the criteria. I have a tendency to not want to miss the trade and jump in early, but this system allows me to keep my head on straight and wait for the right set-up. I am only trading the pullback style. I'll leave the divergence and 123 trades for later. Thanks for the instruction from everyone especially Divergence. Now it is time to demo and see if I can stay consistent. Great thread and really very simple.
Over confidence can be a moral hazard.... not to mention a financial one!
  • #752
  • Mar 7, 2011 5:39pm Mar 7, 2011 5:39pm
I feel pretty confident, as long as I don't get mad at the Forex......
Quoting Divergence
well i have been sharing for about 1 month if i never put another post up how many could trade this without help?
  • #753
  • Mar 7, 2011 5:44pm Mar 7, 2011 5:44pm
Baby don't go..........Pretty baby................. please don't go ho......................................that's a song......
Quoting Divergence
well i have been sharing for about 1 month if i never put another post up how many could trade this without help?
  • #754
  • Mar 7, 2011 6:04pm Mar 7, 2011 6:04pm
Quoting Divergence
well i have been sharing for about 1 month if i never put another post up how many could trade this without help?
Div,

I'm a newbie here.. still need your help.. please stay a bit longer..
I like this method.. very nice the way you teaching us here

cheers..
  • #755
  • Mar 7, 2011 8:39pm Mar 7, 2011 8:39pm
relax guys not going antwhere yet just was asking the question so you can ask the question to yourself. Was able to get a win minus 2 pips on eurusd tonite
  • #756
  • Mar 7, 2011 8:41pm Mar 7, 2011 8:41pm
Quoting Divergence
relax guys not going antwhere yet just was asking the question so you can ask the question to yourself. Was able to get a win minus 2 pips on eurusd tonite
Was your win on a divergence/123 set up at 2:10 GMT?
  • #757
  • Mar 7, 2011 8:47pm Mar 7, 2011 8:47pm
heres a trade that just hit target
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  • #758
  • Mar 7, 2011 8:49pm Mar 7, 2011 8:49pm
no rc it was the one that triggered at 2350 gmt
  • #759
  • Mar 7, 2011 8:52pm Mar 7, 2011 8:52pm
Quoting Divergence
no rc it was the one that triggered at 2350 gmt
I saw that one also. I have been staying out trying to learn more about the price action during slower times. I thought I saw a divergence/123 at 2:10. Not sure if that was true but I am staying away from those right now also.
  • #760
  • Mar 7, 2011 8:57pm Mar 7, 2011 8:57pm
2 posts up i have chart displayed of that one. heres how you trade asain once you know the direction of the market HH HL LL LH then all u do is wait for setup going in it did not take out LH so trend was still up this whole move down was just a big pullback so i waited for a trigger to go long its that simple
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