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Flag trading the trend

  • #761
  • Mar 7, 2011 9:01pm Mar 7, 2011 9:01pm
Quoting Divergence
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
That is the exact trade I was looking at. I saw the 123 and the fact that we are still in an uptrend. On my platform I saw the time hit at 2:10 GMT. I will look to make sure my times are correct.
  • #762
  • Mar 7, 2011 9:03pm Mar 7, 2011 9:03pm
Quoting Divergence
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
Hi Div,

Isn't the trend down after the break of the horizontal line?
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  • #763
  • Mar 7, 2011 9:03pm Mar 7, 2011 9:03pm
you got it divergence and 123 back into the trend
  • #764
  • Mar 7, 2011 9:09pm Mar 7, 2011 9:09pm
hey joel what did the forex ever do to you that you get mad at it
  • #765
  • Mar 7, 2011 9:14pm Mar 7, 2011 9:14pm
heres the sequence sujith
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  • #766
  • Mar 7, 2011 9:16pm Mar 7, 2011 9:16pm
Quoting Divergence
heres the sequence sujith
I assume the 2 HH marked in my post are considered as double top. Am I right?
  • #767
  • Mar 7, 2011 9:18pm Mar 7, 2011 9:18pm
yes you only need 1 this is about price making HH HL
  • #768
  • Mar 7, 2011 9:18pm Mar 7, 2011 9:18pm
Quoting Divergence
yes you only need 1 this is about price making HH HL
Thanks
  • #769
  • Mar 7, 2011 9:22pm Mar 7, 2011 9:22pm
I'd get mad when I'd go long and price would go short or I'd go short and price would go long.................. but thanks to you keema sabee, that's happening a lot less...........
Quoting Divergence
hey joel what did the forex ever do to you that you get mad at it
  • #770
  • Mar 7, 2011 9:22pm Mar 7, 2011 9:22pm
i know this is hard for some of you but i am saying go over charts and if you can see where the trend direction is you are ready to trade live because once you do its just find the trend and wait for pullback and make money thats the key to this knowing is trend up or did it chage to downside
  • #771
  • Mar 7, 2011 9:23pm Mar 7, 2011 9:23pm
Quoting Divergence
heres a trade that just hit target
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in this trade is SL below 1 or 3 ? thanks
  • #772
  • Mar 7, 2011 9:25pm Mar 7, 2011 9:25pm
pretty soon joel it wont happen almost at all or i should say extremely seldom is a better and safer way to put it
  • #773
  • Mar 7, 2011 9:27pm Mar 7, 2011 9:27pm
Excuse me, but would any of you have any Grey Poupon?
Quoting Divergence
pretty soon joel it wont happen almost at all or i should say extremely seldom is a better and safer way to put it
  • #774
  • Mar 7, 2011 9:29pm Mar 7, 2011 9:29pm
Quoting Divergence
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
Hi Mr Divergence. I'm here as Niceguy highly recommended reading this thread. Read through your thread on the weekend. Very nice and easy to follow method.

Can I please clarify which is the LH that was not taken out in this asian session so trend is still up? Did you mean the HL from yesterday? - see my chart. If so I guess this means that the little HL on my chart which was higher and was taken out yesterday is not big enough to consider it to be a change of trend to down, is this correct?

I did see the triple bottom with your divergence and 123 pattern setup....nice! Thanks Occam
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  • #775
  • Mar 7, 2011 9:32pm Mar 7, 2011 9:32pm
yes occam that stuff up top is the hh now that whole area up there was divergence and 123 setup so the move down was a countertrend only. its still a trend but the overall sentiment was still up till the hl get taken out which it didnt
  • #776
  • Mar 7, 2011 9:34pm Mar 7, 2011 9:34pm
Quoting occamsrazors
Can I please clarify which is the LH that was not taken out in this asian session so trend is still up? Did you mean the HL from yesterday? - see my chart. If so I guess this means that the little HL on my chart which was higher and was taken out yesterday is not big enough to consider it to be a change of trend to down, is this correct?

I did see the triple bottom with your divergence and 123 pattern setup....nice! Thanks Occam
Ah I think you answered my question Mr Divergence in your posts after the post I referred to. I didn't see them until afterwards as I was preparing my post at the time. Good...
  • #777
  • Mar 7, 2011 9:35pm Mar 7, 2011 9:35pm
Quoting Divergence
yes occam that stuff up top is the hh now that whole area up there was divergence and 123 setup so the move down was a countertrend only. its still a trend but the overall sentiment was still up till the hl get taken out which it didnt
Great thanks for your reply Mr Divergence...perfect
  • #778
  • Mar 7, 2011 9:41pm Mar 7, 2011 9:41pm
I am thinking about starting to plant PATIENCE here in Mexico.

Any takers?
  • #779
  • Mar 7, 2011 9:44pm Mar 7, 2011 9:44pm
without patience and disipline it wont matter what method you trade there will be no success
  • #780
  • Mar 7, 2011 9:47pm Mar 7, 2011 9:47pm
VERY TRUE.

A trick that I use to control myself NOT to overtrade:

When I reach my target for the day, I switch the trading platform off and won't mess with it till the next trading day.

It is like trying to lose weight:
simply don't buy the stuff in the supermarket and bring it home.
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