Flag trading the trend

trz finding the trend is not discretional at all the market (prices) tell us exactly the areas where the trend changes all this info you can find on countless charts and posts just examine the evidence my friend

Hehe ... Thanks Mr. Divergence ! I will not give up so easily ! I'm going to master this trend identification issue ... and will learn this thread by heart if necessary... post by post ;-) LOL

Hello,
can anyone tell me what went wrong here.
its an uptrend, pullback, price closes above MA and CCI 50.
THX


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inad firstly if you look to left price has already moved up 3 peaks you went to the well 1 to often. Secondly the last peak formed divergence and setup a 123 to short thats what went wrong you have to look at the whole picture or you will not see the whole picture

time to eat

I have the same 4140, but I can see were Div has his at 4120.. What is great here is you can really see the S/R areas defining the uptrend going back to 4000, 4040, 4090, and 4120 that Div put in..This would be a good example for those still having difficulty with seeing trend.

Just an opinion...Which by the way means ... " nothing"

ah the divergence, missed that. thanks div!

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Are you talking about the 3 peaks prior to the big "V" dip?

the last peak prior to his setup was divergence yes price made v then went up to make new high

I'm in ... no doubts about the trend this time ;-) LOL

... i hope the entry is OK

are u long there? if so i think the stop should be below the swing low point.

trz i dont know how to explain this to you so you apparently will learn the hard way it is almost 2 pm again there is divergence at the top peak so if you want to make your own rules for trading go ahead if you want to trade profitably read thread study charts posted plan the trade then trade the plan

:-) Div if i was learning the easy way i wouldn't need your help ... right ?

but i think i see the divergence now ... (see the pic)

Fortunatelly, the market decided to excuse me ... and it reached the TP anyways ;-) But i will double-check the divergence from now on. Thanks for your comments and sorry for my stupid mistake.

BTW, I understand Div that you may be fed up answering the same questions over and over again.

1 - the first one i was present, didnt take it, diverged - i can c now when i pulled up rsi,have to remember to keep an eye on RSI!!! but at that time just had a gut feeling telling me not to and the candles maybe were not behaving handsomely

2 nd, wasnt at pc and not saying i would take it!!! - ct - counter trend,,but higher lows, hiden diverrgency,recent highs were bitten through,,tp still below the blue R,,the only troublesome feeling would give me number 3

trading with trend is safer and comfortable of course

trend is up, does the blue divergence mean anything? (white is RSI 8)

http://img855.imageshack.us/img855/485/flag2.jpg
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divergence to go short is when you have a HH then another HH and rsi Doesnt have a HH

so going LONG is the right choice?

Hi Daryyl,

My skype name is : james.rudd100

Thanks a lot
James

There is great enthusiasm for a trading methodology that leads to greater simplicity...at one point today I saw 78 traders viewing this thread. SIMPLICITY RULES!