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Flag trading the trend

  • #1,761
  • Mar 21, 2011 6:39pm Mar 21, 2011 6:39pm
simplicity is very good making consistent money is even better
  • #1,762
  • Mar 21, 2011 6:49pm Mar 21, 2011 6:49pm
anyone following eurusd for a potential long set up?
  • #1,763
  • Mar 21, 2011 6:55pm Mar 21, 2011 6:55pm
Quoting Divergence
simplicity is very good making consistent money is even better
Div.. Would like to personally thank you for the great thread.. Most excellent!! Would like to take this back to the Dark Side ( E mini's ) if I may? Just being respectful.
  • #1,764
  • Mar 21, 2011 7:04pm Mar 21, 2011 7:04pm
I got distracted and missed this setup on the euro
  • #1,765
  • Mar 21, 2011 7:28pm Mar 21, 2011 7:28pm
well bailed on that one no MO lost 1 pip
  • #1,766
  • Mar 21, 2011 7:36pm Mar 21, 2011 7:36pm
Quoting Divergence
well bailed on that one no MO lost 1 pip
Same here...saw those 3 M5 hammers/wicks and decided to exit and wait for another entry...
  • #1,767
  • Mar 21, 2011 7:37pm Mar 21, 2011 7:37pm
is EURAUD H1 setting up for you to go short?
  • #1,768
  • Mar 21, 2011 7:41pm Mar 21, 2011 7:41pm
inad we are in an uptrend why in the world do you think its setting up to go short?
  • #1,769
  • Mar 21, 2011 7:45pm Mar 21, 2011 7:45pm
cus i thought it formed a double top and had two LH recently... but im still learning
  • #1,770
  • Mar 21, 2011 7:48pm Mar 21, 2011 7:48pm
you are trying to put 2 methods into 1 package and it won't work you first have to know the difference between a trend and a counter trend if you dont you will lose all of your money. Start there and once you have figured that out then you will be able to trade accordingly with the trend
  • #1,771
  • Mar 21, 2011 7:58pm Mar 21, 2011 7:58pm
i see.

div, you said in your last webinar someone is recording the webinar... who is it or where can i find it? are you planning a new webinar?
  • #1,772
  • Mar 21, 2011 8:04pm Mar 21, 2011 8:04pm
diamondbrw has it ask him when hes on
  • #1,773
  • Mar 21, 2011 8:15pm Mar 21, 2011 8:15pm
I don't know if this has been mentioned before because most of the commentary is related to getting into a trade but one of the best things about this approach is that it keeps you out of trades and as we all know if you lose say 10% you need to make 11% to get back to square.
  • #1,774
  • Mar 21, 2011 8:27pm Mar 21, 2011 8:27pm
Quoting Divergence
well bailed on that one no MO lost 1 pip
++++++++++++++++++++++++++++++++

I got in too. Made it out with +2.3. After analyzing the charts, decided I didn't like that trade so much. Saw a potential 123 reversal about two hours earlier which soured my appetite. Then way too much price manic/depressive fits.
  • #1,775
  • Mar 21, 2011 8:37pm Mar 21, 2011 8:37pm
Div. I'm looking EJ @ 115.20 level. That seems to be an area of role reversal over the last 2 weeks. We also have a weekly Central pivot @ 115.07.

Do you give any credence to these numbers?
  • #1,776
  • Mar 21, 2011 9:11pm Mar 21, 2011 9:11pm
diamond it looks like 114.07 is support if thats what your asking
  • #1,777
  • Mar 21, 2011 10:38pm Mar 21, 2011 10:38pm
Quoting bcarbon
http://www.youtube.com/watch?v=XtiXiYMS86U


Thank you!!
Yes, I can see clearly now. Thank you for the great video. Turned out to be a sunny day once I took off the rose colored glasses.

Great times.
  • #1,778
  • Mar 21, 2011 11:01pm Mar 21, 2011 11:01pm
Nice thread. Any trading system or style without a cluster of indicators will always get me interested. I try to use as few indicators as possible. They have disappointed me terribly in the past. But this is more of PRICE ACTION. Thanks a lot for sharing.
  • #1,779
  • Mar 21, 2011 11:24pm Mar 21, 2011 11:24pm
Quoting Rcwso
Yes, I can see clearly now. Thank you for the great video. Turned out to be a sunny day once I took off the rose colored glasses.

Great times.
  • #1,780
  • Mar 21, 2011 11:28pm Mar 21, 2011 11:28pm
Hello,
As mentioned a little while back,
Is there any particular swing zigzag indicator that anyone recommends?
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