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Flag trading the trend

  • #1,361
  • Mar 16, 2011 1:45pm Mar 16, 2011 1:45pm
Quoting tbjohnton
tedge, it does look early since cci wasnt with you, yet. remember div. doesnt trade after 11am est, probably a good rule to follow when trading with real money. entry a few bars later followed the rules
Thank you tbjonton and FXwest
  • #1,362
  • Mar 16, 2011 1:49pm Mar 16, 2011 1:49pm
Quoting 1234
Here is my second trade for the day. I let it go for the full distance. Hope others also made some money. Ray
++++++++++++++++++++++++++++++++

Good call Ray. I've monitored the eu for London close activity for several months. Generally at this time of the day, both the eu & gu will try to make a few more pips in the same direction it's been traveling all day (morning/night) before some kind of reversal.

For now I choose to avoid trading this late because price gets pretty doggy. But pips are available everywhere.
Darryl

"Be who you are and say what you feel,
because those who mind don't matter and
those who matter don't mind."
~ Dr. Seuss
  • #1,363
  • Mar 16, 2011 1:49pm Mar 16, 2011 1:49pm
Hi Divergence! You use in trading volume? Excuse me, my English is not my native language. Thank you.
  • #1,364
  • Mar 16, 2011 1:58pm Mar 16, 2011 1:58pm
Div, I know you don't experience very many losers, but I'm wondering how often price goes against you and puts the heat on? From what I see most proper setups signal and go without much drawback at all. Just wondering what you've seen happen...
Thanks!
  • #1,365
  • Mar 16, 2011 3:00pm Mar 16, 2011 3:00pm
Quoting Brapp
Div, I know you don't experience very many losers, but I'm wondering how often price goes against you and puts the heat on? From what I see most proper setups signal and go without much drawback at all. Just wondering what you've seen happen...
Thanks!
After reading (some of) this thread,i cant think of a better way of trading,nice clean set-ups without all the squiggly lines.Thank you Div,changed the way I will trade forever.
  • #1,366
  • Mar 16, 2011 3:06pm Mar 16, 2011 3:06pm
Divergence,

Right on...........as the indicators are not needed. I am finding the trend, looking for the Flag then enter. It is that simple, but getting the trend direction correct is the main key. If you are not correct on trend direction the odd are against you. Adding this & that indicator is only going to fog up your trading decisions.


Everyone

Time Frames.......Flags are on all time frames, but you have got to determine what time frame best suites you. For me the 5M & 15M work the best. Again, get the trend direction correct no mater what time frame & trade it.

__________________________

  • #1,367
  • Mar 16, 2011 3:16pm Mar 16, 2011 3:16pm
Quoting Divergence
There is a host of various kinds of methods but the simplest way to make money is trading flags in a trend. YOU can do it on any time frame and any pair. In other words trade the pullback in a trend do this and you will find your self not looking on the forex factory threads except to see when news is happening.
Hi Div,in your 1st picture on page 1 you have put 2 long set-ups (last 2 trades) in a downtrend,we have a lower high then a lower low but then 2 long set-ups?Am I missing something.Thanks in advance.

Or can any other senior to this thead put a light on it .T
  • #1,368
  • Mar 16, 2011 3:26pm Mar 16, 2011 3:26pm
div will take counter-trend trades if they meet his rules, right now i am just focusing on trading with the trend, but reading thru the thread you can learn when he takes counter trades(1-2-3 and divergence)
  • #1,369
  • Mar 16, 2011 3:49pm Mar 16, 2011 3:49pm
Quoting tbjohnton
div will take counter-trend trades if they meet his rules, right now i am just focusing on trading with the trend, but reading thru the thread you can learn when he takes counter trades(1-2-3 and divergence)
  • #1,370
  • Edited 6:49pm Mar 16, 2011 4:03pm | Edited 6:49pm
Aussie performing like it was told what to do - hard to find a better example of this methodology.
  • #1,371
  • Mar 16, 2011 4:06pm Mar 16, 2011 4:06pm
ok guys here what i am going to do since finding the trend is difficult for some i will do 1 more webinar this time there will be no recordings. It will be held in 1 room no downloads it holds 150 people it starts at 8 pm so start entering at 745pm tomorrow night thats eastern stand time heres the link http://www.freebinar.com/tradingthetrend1
  • #1,372
  • Mar 16, 2011 4:17pm Mar 16, 2011 4:17pm
silversurfer you got it lots of flags
  • #1,373
  • Mar 16, 2011 5:10pm Mar 16, 2011 5:10pm
Just a heads up in case anyone trades JPY . STAY AWAY , BOJ is doing
crazy things , wild swings etc , really not safe to trade . Stick with EU
Very sad whats happening in Japan .
  • #1,374
  • Mar 16, 2011 5:20pm Mar 16, 2011 5:20pm
Thanks Div, as with anything it gets easier to see opportunities when one gets familiar with what to look for.
  • #1,375
  • Edited 6:49pm Mar 16, 2011 6:13pm | Edited 6:49pm
This is setting up nicely but given the volatility in the market it could just be a text book case.
  • #1,376
  • Mar 16, 2011 6:37pm Mar 16, 2011 6:37pm
I may be wrong here but I read this Aussie chart as a case where there have been numerous flag short opportunities and then there is a case of divergence. It looks like it is setting up for another pullback but given that it has already given 4-5 opportunities and there is divergence it is better to sit it out and see what happens.
  • #1,377
  • Mar 16, 2011 6:41pm Mar 16, 2011 6:41pm
We could see a 1-2-3 pattern develop which could confirm a trend change
  • #1,378
  • Mar 16, 2011 7:06pm Mar 16, 2011 7:06pm
Chart for aussie
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 17 KB
  • #1,379
  • Mar 16, 2011 7:29pm Mar 16, 2011 7:29pm
Quoting silversurfer
Chart for aussie
Shouldn't your #1 be the point at the bottom of the divergence? The lowest candle? Then your #2 would your #1. Then #3 would be your #2. I think Divergence numbers them that way. Look back at some of his charts. Then the entry point would be the point after #3 where you get a trigger bar.

Thoughts?
  • #1,380
  • Mar 16, 2011 7:30pm Mar 16, 2011 7:30pm
Quoting Divergence
...i will do 1 more webinar...there will be no recordings. It will be held in 1 room no downloads it holds 150 people it starts at 8 pm EST...
Oh, I'm so disappointed! Have to attend my grandson's baseball game!
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