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Flag trading the trend

  • #1,881
  • Mar 22, 2011 8:10pm Mar 22, 2011 8:10pm
yes find the trend wait for the pullback find setup bar once trade triggers manage trade and most impotantly make MONEY lol
  • #1,882
  • Mar 22, 2011 8:13pm Mar 22, 2011 8:13pm
Quoting diamonddbw
OK, got most of the molasses out of viewing the video's. They will now be posted on Vimeo.com in streaming fashion so will get that info out in the next 24 hours. Of course it's free. You will need to sign up for free vimeo acct. Once you do I will add you to the contact list for exclusive viewing.

Diamond, I too have been following this thread for a few weeks and would like to have access to the videos. I cannot PM you because I am a junior member and my posts keep getting deleted. My skype is wbwilk74. Thanks to you for the time and effort and thanks to Div for this great thread.
  • #1,883
  • Mar 22, 2011 8:13pm Mar 22, 2011 8:13pm
Quoting Divergence
yes find the trend wait for the pullback find setup bar once trade triggers manage trade and most impotantly make MONEY lol
Yes, I think I have heard that before. Maybe.

What are you thinking as the EU is starting to test the 1.4150 area? 123 potential to regain the uptrend?
  • #1,884
  • Mar 22, 2011 8:15pm Mar 22, 2011 8:15pm
here is a chart the r stands for resistance the s for support see how R turns into S
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  • #1,885
  • Mar 22, 2011 8:18pm Mar 22, 2011 8:18pm
Quoting Divergence
here is a chart the r stands for resistance the s for support see how R turns into S
So does that mean you are going with a downtrend right now? Or still up until it breaks the next Support line?
  • #1,886
  • Mar 22, 2011 8:18pm Mar 22, 2011 8:18pm
the way to trade them coming down is if it breaks a level and pulls back to level and gives a signal there she goes
  • #1,887
  • Mar 22, 2011 8:21pm Mar 22, 2011 8:21pm
the other way is if it bounces and maybe we get div and 123 to go back up only if it is at end of a trend use the levels and let market tip its hand its all price action at its finest the goal is to follow the ones who are moving the market they are the bus driver who will take you to the next stop
  • #1,888
  • Mar 22, 2011 8:25pm Mar 22, 2011 8:25pm
Quoting Divergence
the way to trade them coming down is if it breaks a level and pulls back to level and gives a signal there she goes
I understand that, but was thinking the 1.4150ish area was the significant support. I see the retest of the 1.4230 area and then the drop. I guess there were some potential pips to be made after the retest of that area going down. But i guess that time was not during normal trading times. So would have been out anyway.

I guess I need to look more closely at the retest spots. Although, it still needs to break the 1.4150ish are to continue down, correct?
  • #1,889
  • Mar 22, 2011 8:28pm Mar 22, 2011 8:28pm
i have it at 4140 but its a zone area we are in down trend till it goes above 4203 so if i were to go short i want to see 4140 be broken then pullback to it then find setup bar the other way is price bounces off support 4140 and gives us a 123 to go long now you have a game plan if the price action gives it we take it
  • #1,890
  • Mar 22, 2011 8:30pm Mar 22, 2011 8:30pm
Quoting Divergence
i have it at 4140 but its a zone area we are in down trend till it goes above 4203 so if i were to go short i want to see 4140 be broken then pullback to it then find setup bar the other way is price bounces off support 4140 and gives us a 123 to go long now you have a game plan if the price action gives it we take it
That was my game plan. Just missed the part about downtrend from the 1.4230 area. I did not mark that as resistance. But, I was looking for the same thing for the 1.4140 area. Bounce their as a 123 and go back up or break through and wait for a pullback.

I think my thoughts are at least coming into line.

Continually learning.
  • #1,891
  • Mar 22, 2011 8:39pm Mar 22, 2011 8:39pm
not 4230 but 4203
  • #1,892
  • Mar 22, 2011 8:41pm Mar 22, 2011 8:41pm
did everyone look at the chart i posted if you did you will know where you are
  • #1,893
  • Mar 22, 2011 8:44pm Mar 22, 2011 8:44pm
Quoting Divergence
not 4230 but 4203
Yes, mistyped a couple of times.

Thank you and I know where I am and what I am looking for at this time. At least that is my game plan. We will see if my analysis has been correct.

Wait for the trend. Don't make the chart look like an elephant even though I really want to make it look like an elephant right now and trade. Patience.
  • #1,894
  • Mar 22, 2011 8:50pm Mar 22, 2011 8:50pm
it takes a little time then all of a sudden it all clicks
  • #1,895
  • Mar 22, 2011 10:24pm Mar 22, 2011 10:24pm
Hello Div, thanks for sharing this. I've been working hard at this (forex) for over 2 years. I think I've finally started to stop the bleeding. I know in the webinar you said you live in NC....I live in Concord. That's not a NC accent you have
  • #1,896
  • Mar 22, 2011 10:34pm Mar 22, 2011 10:34pm
Quoting tb62
Hello Div, thanks for sharing this. I've been working hard at this for a little over 2 years. I think I've finally started to stop the bleeding. I know in the webinar you said you live in NC....I live in Concord. That's not a NC accent you have
It is from New York. Isn't it?
  • #1,897
  • Mar 23, 2011 12:58am Mar 23, 2011 12:58am
anyone interested in shorting the euro?
  • #1,898
  • Mar 23, 2011 1:09am Mar 23, 2011 1:09am
[quote=silversurfer;4491939]anyone interested in shorting the euro?[/qujust now at 1.4169
  • #1,899
  • Mar 23, 2011 1:17am Mar 23, 2011 1:17am
I took it at 72.2 but it is slow moving, have a very tight stop just above what I determined short term resistance to be - 81.2. I took a bit off for 3.5 pips to make sure it was a break even trade even if it hits my stop. A lowish conviction trade given the time of day.
  • #1,900
  • Mar 23, 2011 1:29am Mar 23, 2011 1:29am
I took it...had divergence at the top which was also at the breakout level from earlier today and broke upward TL...exited at the little support level from earlier for 9 pips...1:1
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