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Flag trading the trend

  • #1,401
  • Mar 17, 2011 4:05am Mar 17, 2011 4:05am
Quoting davidb
Hi, I've been following this thread from the inception although I'm not much of a poster. However I'd like to be able to give something back to any of those who may be struggling. Attached is a one page summary of trading this way. Doing it really helped me focus me on the key parts of this method and cut out most of the losing mistakes I'd been making.

If you you find it of interest please help yourself.

If I've missed the point and it's wrong - please shout!
nice summary david. but check line 7 (1 pip above/below rule)
  • #1,402
  • Mar 17, 2011 4:10am Mar 17, 2011 4:10am
1234 - I can't work out why you took the trade at the level you did, a bit hard to read your chart but it looks like you are a bit late
  • #1,403
  • Mar 17, 2011 4:15am Mar 17, 2011 4:15am
Quoting vince
nice summary david. but check line 7 (1 pip above/below rule)
Oops! I'll correct and resubmit.
Too tired to argue. Too old to care.
  • #1,404
  • Mar 17, 2011 4:15am Mar 17, 2011 4:15am
Morning Chaps,
Cable behaving herself this morning, well at least before the doji!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2011-03-17_0905.png Size: 44 KB
Enter Signature
  • #1,405
  • Mar 17, 2011 4:16am Mar 17, 2011 4:16am
Quoting silversurfer
1234 - I can't work out why you took the trade at the level you did, a bit hard to read your chart but it looks like you are a bit late
I was rushing using the paint programe to upload the chart.
I have now uploaded a new chart after the trade finished.
Here is the new chart of the same trade that now is finished. Ray
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDA.jpg Size: 150 KB
  • #1,406
  • Mar 17, 2011 4:20am Mar 17, 2011 4:20am
Quoting a2xm
Hi David,

Just download it and read it.. very good.. but there are some typos.. could you read again and make necessary correction please.. thanks
Help me out here. I've got the one Vince highlighted but I'm now at the "can't see for looking" stage. Anything else?
Too tired to argue. Too old to care.
  • #1,407
  • Mar 17, 2011 4:22am Mar 17, 2011 4:22am
Thank you for this PDF!
It might be useful to indicate the best times to use this trend system.
  • #1,408
  • Mar 17, 2011 4:31am Mar 17, 2011 4:31am
Quoting 1234
My first trade for the day. Let see how it goes. Good trading to all here. Ray.
Trade is now finished. Here is a better chart.
++++++++++++++++++++++++++++++++

Good show again. I got hung up watching for reversal. At least it was free. lol
  • #1,409
  • Mar 17, 2011 4:36am Mar 17, 2011 4:36am
Quoting PureSymmetry
Morning Chaps,
Cable behaving herself this morning, well at least before the doji!
++++++++++++++++++++++++++++++++

Good catch. So far today, GU is the dog that knows how to hunt.
  • #1,410
  • Edited 5:36am Mar 17, 2011 4:38am | Edited 5:36am
Attached revised version to correct typo.

Jeff, I've added at your suggestion times to trade based on Divergence's posts. It's qualified in that he does not trade the London morning session whereas a lot of people do. I've put in Sujith's observation that things quieten down after 10:00. I've read elsewhere that activity picks up again after another 90 minutes or so and I suspect that may be the case.

Probably the best advice is trade around the market open times if possible to catch the volatility and avoid the quiet times.
Attached File(s)
File Type: pdf Flag Summary.pdf   48 KB | 1,446 downloads
Too tired to argue. Too old to care.
  • #1,411
  • Mar 17, 2011 4:47am Mar 17, 2011 4:47am
GU not the only one behaving, nice action on EURUSD when the swing line got taken out
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 19 KB
  • #1,412
  • Mar 17, 2011 4:51am Mar 17, 2011 4:51am
Quoting davidb
Attached revised version to correct typo.

Jeff, I've added at your suggestion times to trade based on Divergence's posts. It's qualified in that he does not trade the London morning session whereas a lot of people do. I've put in Sujith's observation that things quieten down after 10:00. I've read eleswhere that activity picks up again after another 90 minutes or so and I suspect that may be the case.

Probably the best advice is trade around the market open times if possible to catch the volatility and avoid the quiet times.
Neat, clean and easily read. Well done!
  • #1,413
  • Mar 17, 2011 4:54am Mar 17, 2011 4:54am
Nice pdf Davidb, many thanks.
  • #1,414
  • Mar 17, 2011 4:54am Mar 17, 2011 4:54am
great thread
thx MR DIVERGENCE!!!
like many others, after i have been in a pool of trading styles, i can smell pips in here.
simple in a way and fulfilling itself.
thx tons again
making money in JimB2468 trading room
  • #1,415
  • Mar 17, 2011 5:11am Mar 17, 2011 5:11am
Hope you killed some pips silversurfer!!

Another GU trade!

Chaps, how do you manage your trades? Do you trail your stops?
And I am a little unclear on how you work out your profit targets?

Cheers
Pure....
Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd_2011-03-17_1007.png Size: 41 KB
Enter Signature
  • #1,416
  • Mar 17, 2011 5:16am Mar 17, 2011 5:16am
Whether this is right or wrong it works for me personally - I take 80% off when I reach 25 pips, then I move stop to just above breakeven and watch the remainder to see if it will continue. Quite often I get out prematurely but as it is a "free trade" I have zero anxiety. The above assumes I have made the right call obviously.
  • #1,417
  • Mar 17, 2011 5:27am Mar 17, 2011 5:27am
Guys

Since allot of us will miss div's planned webinar, it will be great if somebody could make a summary of it. A recording can be made of just the introduction. doesn't have to be the entire thing. but best would be a presentation made by capturing screens of the webinar accompanied with brief explanation, something that will last for future traders as well.

Just rising the glove here ....?

fun
  • #1,418
  • Mar 17, 2011 5:29am Mar 17, 2011 5:29am
Chaps, is Divergences webinar invitation only?

Cheers,
PureSymmetry
Enter Signature
  • #1,419
  • Mar 17, 2011 6:39am Mar 17, 2011 6:39am
Quoting davidb
Attached revised version to correct typo.

Jeff, I've added at your suggestion times to trade based on Divergence's posts. It's qualified in that he does not trade the London morning session whereas a lot of people do. I've put in Sujith's observation that things quieten down after 10:00. I've read elsewhere that activity picks up again after another 90 minutes or so and I suspect that may be the case.

Probably the best advice is trade around the market open times if possible to catch the volatility and avoid the quiet times.
++++++++++++++++++++++++++++++++

Thanks David. Looks good.
  • #1,420
  • Mar 17, 2011 6:42am Mar 17, 2011 6:42am
Quoting Fun Demental
Guys

Since allot of us will miss div's planned webinar, it will be great if somebody could make a summary of it. A recording can be made of just the introduction. doesn't have to be the entire thing. but best would be a presentation made by capturing screens of the webinar accompanied with brief explanation, something that will last for future traders as well.

Just rising the glove here ....?

fun
++++++++++++++++++++++++++++++++

I'll check with Div to see if it's OK to record.
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