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Flag trading the trend

  • #901
  • Mar 9, 2011 7:23pm Mar 9, 2011 7:23pm
Quoting Sujith
Hi Div,

I took this one long since the previous LH was taken out. Did I do something wrong?
++++++++++++++++++++++++++++++++

The 1st chart looks to me like a valid shot. The main thing I see that would have befuddled me is, the fact that, while this set up is taking place, there is also a 1-2-3 reversal setting up to go in the opposite direction. In this case the 1-2-3 scouts were successful in Hi-Jacking the the Wagontrain. Sorry Dude.
  • #902
  • Mar 9, 2011 7:32pm Mar 9, 2011 7:32pm
sujith the trade you put on didnt you see the divergence at top plus price already shot up 85 pips not that it cant go higher but not a high probability 123 was setting up after the div YO JOEL HOWS IT GOING there still seems to be problems with a few that cant grab the HH HL LL LH senario well i have posted charts gave various examples there really isnt anything more i can show you the best thing is to search the internet and learn it till you understand it because if you dont know if trend is up or down how can you trend trade?
  • #903
  • Mar 9, 2011 7:44pm Mar 9, 2011 7:44pm
Quoting Divergence
sujith the trade you put on didnt you see the divergence at top plus price already shot up 85 pips not that it cant go higher but not a high probability 123 was setting up after the div YO JOEL HOWS IT GOING there still seems to be problems with a few that cant grab the HH HL LL LH senario well i have posted charts gave various examples there really isnt anything more i can show you the best thing is to search the internet and learn it till you understand it because if you dont know if trend is up or down how can you trend trade?
Thanks Div, I missed the divergence. I would also appreciate your comment on post 862.
  • #904
  • Mar 9, 2011 7:47pm Mar 9, 2011 7:47pm
Is something getting ready to trigger?
  • #905
  • Mar 9, 2011 7:57pm Mar 9, 2011 7:57pm
sujith i dont know what i am looking at on that chart
  • #906
  • Mar 9, 2011 8:03pm Mar 9, 2011 8:03pm
Quoting Divergence
sujith i dont know what i am looking at on that chart
Can the following be called a flag (indicated by the white trendlines).
Attached Image (click to enlarge)
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  • #907
  • Mar 9, 2011 8:07pm Mar 9, 2011 8:07pm
your starting to digress sujith there was a time you were getting it but not now these are flags in an established trend
Attached Image (click to enlarge)
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  • #908
  • Mar 9, 2011 8:11pm Mar 9, 2011 8:11pm
Div

is the Eur getting ready to trigger or does it need to tske out the highs from earlier today?
  • #909
  • Mar 9, 2011 8:12pm Mar 9, 2011 8:12pm
Quoting Divergence
your starting to digress sujith there was a time you were getting it but not now these are flags in an established trend
I didn't take the trade, just wanted to clear my doubts.
  • #910
  • Mar 9, 2011 8:14pm Mar 9, 2011 8:14pm
fxwest price has moved a total of 24 pips in 3 hrs it doesnt look like anything
  • #911
  • Mar 9, 2011 8:16pm Mar 9, 2011 8:16pm
its been a slow day for it
  • #912
  • Mar 9, 2011 8:24pm Mar 9, 2011 8:24pm
the reason for a lousy looking chart price only moved 85 pips when u dont have news for 3 straight days in us the market looks to find a gas station to fuel up which is london session theres always a piece of news there
  • #913
  • Mar 9, 2011 8:44pm Mar 9, 2011 8:44pm
wow guys the sounds of silence!! YO JOEL
  • #914
  • Mar 9, 2011 8:53pm Mar 9, 2011 8:53pm
Hey Mr. D. I'm here.......
Quoting Divergence
wow guys the sounds of silence!! YO JOEL
  • #915
  • Mar 9, 2011 8:55pm Mar 9, 2011 8:55pm
cats got there tongues
  • #916
  • Mar 9, 2011 9:02pm Mar 9, 2011 9:02pm
well i guess thats it for tonite take it easy guys
  • #917
  • Mar 9, 2011 10:08pm Mar 9, 2011 10:08pm
Well it was fairly late Asian sesssion, but the move up earlier was a bit limp...got 123 pattern (although not quite a divergence) with TL break and close below 10 with RF -147 so decided to take it short as my major trend was down. Stop behind the 3 candle. There was small pullback after entry but when it broke the second TL and closed below 10MA again with a nice solid bearish candle I was pretty sure it was going to fall. Almost entered again lol.

Normally would have hung in for longer but staying with Mr Div's 1:1 ratio for the present...getting some discipline ...it was getting late in asian session afterall and 3% is 3%! (Btw my swing SRs are on the candle closes to start with, not wicks...I move them to the wicks as when PA closes above/below them)
Attached Image (click to enlarge)
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  • #918
  • Mar 9, 2011 10:29pm Mar 9, 2011 10:29pm
Quoting occamsrazors
Well it was fairly late Asian sesssion, but the move up earlier was a bit limp...got 123 pattern (although not quite a divergence) with TL break and close below 10 with RF -147 so decided to take it short as my major trend was down. Stop behind the 3 candle. There was small pullback after entry but when it broke the second TL and closed below 10MA again with a nice solid bearish candle I was pretty sure it was going to fall. Almost entered again lol.

Normally would have hung in for longer but staying with Mr Div's 1:1 ratio for the present...getting...
Just out of curiosity, how do you count that as a 123 if there was no divergence? I understand your labeling but according to Divergence's plan you utilize the 123 following actual divergence. Where does your trade fall in accordance with Divergence's plan?

Just wondering and learning.
  • #919
  • Mar 9, 2011 10:31pm Mar 9, 2011 10:31pm
Hi occams
that's a nice indicator for bar time and spread - where did you get it from? I'd like to use it please.
  • #920
  • Mar 9, 2011 11:06pm Mar 9, 2011 11:06pm
Hi Friend RC,

How is it going?
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