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Flag trading the trend

  • #1,681
  • Mar 21, 2011 8:19am Mar 21, 2011 8:19am
Hi guys, just found this thread, looks interesting and profitable so far. I'm trying to find all the info for trading this system from all the pages in the thread, but i can't find one thing so far, what is the value of RSI? looks like default value to me from the screenshots but it doesn't match 100% to what i have on my screen. Cheers and keep up the good work
  • #1,682
  • Mar 21, 2011 8:23am Mar 21, 2011 8:23am
all info is in the thread rsi 8 cci 8 sma 10 median h/L 2 also passgo i sent you a pm
  • #1,683
  • Mar 21, 2011 8:25am Mar 21, 2011 8:25am
Quoting Divergence
perfect rc it can be a little tricky at first but once you got it you got it lol
Now it makes sense. Better understanding on my part of that detail would have kept me out of that trade this morning. I would like to say that I would have taken the proper setup a few bars later.
  • #1,684
  • Mar 21, 2011 8:26am Mar 21, 2011 8:26am
is anyone looking at the CHF short?
  • #1,685
  • Mar 21, 2011 8:28am Mar 21, 2011 8:28am
hey rc when things come into focus we can take off the glasses because we can see clearly now
  • #1,686
  • Mar 21, 2011 8:29am Mar 21, 2011 8:29am
You can actually see it from the screenshots what the value of RSI is . Sorry for the noob question and thanks for the answer anyways Divergence. I'm planning to learn this system and will inform you how I'm doing
  • #1,687
  • Mar 21, 2011 8:29am Mar 21, 2011 8:29am
specracer,

keeping my eye on it as well
  • #1,688
  • Mar 21, 2011 8:32am Mar 21, 2011 8:32am
sure thing toni
  • #1,689
  • Mar 21, 2011 8:35am Mar 21, 2011 8:35am
I have a break of 4140 as a trend reversal, Y/N?
  • #1,690
  • Mar 21, 2011 8:35am Mar 21, 2011 8:35am
WTF EU
  • #1,691
  • Mar 21, 2011 8:36am Mar 21, 2011 8:36am
div, when price goes above resistance , do you wait for a test of resistance to become a support before enter?
Attached Image (click to enlarge)
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  • #1,692
  • Mar 21, 2011 8:38am Mar 21, 2011 8:38am
Quoting B4iFUrU18
WTF EU
Pre-Trichet jitters?
  • #1,693
  • Mar 21, 2011 8:39am Mar 21, 2011 8:39am
Quoting Divergence
hey rc when things come into focus we can take off the glasses because we can see clearly now
"I can see clearly now the rain is gone." Funny thing is that it is raining where I am at right now.

My new rules:
1. Take off the glasses (I don't actually where glasses but I will take them off anyway)
2. Step back from the chart (ie zoom out and sit farther away from the screen otherwise I will need glasses soon and I will need to return to step 1.)
3. Find the trend
4. Wait for the pullback
5. Find the set-up bar
6. Enter the trade
7. Manage the trade
8. Make money
9. Go back to step one and repeat

Fun times. Off to my real job. See you later today. Happy hunting.
  • #1,694
  • Mar 21, 2011 8:39am Mar 21, 2011 8:39am
I wanted to short from 1.42, nice round level but was too chicken to do it. Kinda regret now
  • #1,695
  • Mar 21, 2011 8:41am Mar 21, 2011 8:41am
Quoting Divergence
If we get a setup bar and next candle doesnt trigger the trade and that candle is still above the 10 and cci is still above the 50 that becomes the new setup bar with the high of that candle being the new entry price now if the next bar doesnt get you in then no trade and back to waiting for a pullback just start sequence over again
i posted this few posts back, no answer, so using it again when u explain it here.
looks that if going by the book this would b no trade.
1st no entry
2nd no entry //not to make it science but it passed the 1st by 0.8,,,,but
neither the set up bar's low & 1st entry bar werent passed//
3 rd passed the low but the candle is 3 pips away from MA
= no trade
am i right?
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  • #1,696
  • Mar 21, 2011 8:42am Mar 21, 2011 8:42am
Looks like uptrend in question now. Something must have happened.
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  • #1,697
  • Mar 21, 2011 8:50am Mar 21, 2011 8:50am
14,140 held as support (previously resistance) so uptrend is still in place?
  • #1,698
  • Mar 21, 2011 8:50am Mar 21, 2011 8:50am
Quoting Delite
Pre-Trichet jitters?

Majority of Euro Zone officials are convinced Portugal will seek a bailout, Dow JOness reports. :-)
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  • #1,699
  • Mar 21, 2011 8:52am Mar 21, 2011 8:52am
you are correct patient pip
  • #1,700
  • Mar 21, 2011 8:56am Mar 21, 2011 8:56am
notice price came down to support area and bounced you guys seeing this is a good sign you will be making money in due time when this piece and the rest of the pieces of the puzzle are clear in your minds
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