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Flag trading the trend

  • #2,101
  • Mar 25, 2011 11:32am Mar 25, 2011 11:32am
Quoting Divergence
good job managing trades webinar 645 pm all welcome
Hi Divergence, thank you very much for your invitation, how we can attend?

Unfortunately I missed your webinar last week.
  • #2,102
  • Mar 25, 2011 11:39am Mar 25, 2011 11:39am
Click on the link in post #2060.

Quoting MysticRiver
Hi Divergence, thank you very much for your invitation, how we can attend?

Unfortunately I missed your webinar last week.
  • #2,103
  • Mar 25, 2011 11:43am Mar 25, 2011 11:43am
Quoting Eureka
Click on the link in post #2060.
Thank you
  • #2,104
  • Mar 25, 2011 11:45am Mar 25, 2011 11:45am
In morning asked about 1h flag pattern, and look what it did. Flat before weekends.
And thanks div for nice thread, lot of useful information!
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  • #2,105
  • Mar 25, 2011 11:47am Mar 25, 2011 11:47am
You're welcome.

Quoting MysticRiver
Thank you
  • #2,106
  • Mar 25, 2011 12:20pm Mar 25, 2011 12:20pm
tbjohnton,

Outstanding bro & I agree. Good trades to you in the weeks ahead.
  • #2,107
  • Mar 25, 2011 12:31pm Mar 25, 2011 12:31pm
Even though I follow this thread daily I cannot add any meat to the method as Divergence spelled everything out in the beginning. This method needs nothing else.

Though the added indicators help you can trade Flags without them as I do IF you know the prevailing TREND. Also let me add it will help to know what the current pivot point is.

This is just what is working for me, but I have only added Flag trading to my existing tool box & have not made it my core method, although it could very well be a stand alone way of trading.

Just sharing what is working for me. Have a great weekend everyone.
_________________________
  • #2,108
  • Mar 25, 2011 12:32pm Mar 25, 2011 12:32pm
HI Div

I my not be able to make the webinar tonite,

Hopefully it can be recorded

Thanks for this system it has really helped me

FXWest
  • #2,109
  • Mar 25, 2011 12:36pm Mar 25, 2011 12:36pm
Quoting acetrader
Even though I follow this thread daily I cannot add any meat to the method as Divergence spelled everything out in the beginning....
Oh come on then Ace spill the beans,whats your core
  • #2,110
  • Mar 25, 2011 12:55pm Mar 25, 2011 12:55pm
Quoting tbjohnton
div, just going back and studying ur old posts to further my knowlege and for the 1st time i came across the most important post on this thread #361, we all get so tied up in trying to make a buck that we lose sight of why we are really here and that's to create relationships and share the love of Jesus to a lost and dying world. thanks for the method but most of all for not being ashamed of the gospel. have a great weekend--hopefully the webinar will be recorded
Quality brother. Best trade I ever made - my sin for Jesus righteousness.
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #2,111
  • Mar 25, 2011 1:00pm Mar 25, 2011 1:00pm
best entry i ever made
Quoting jimmynoodles
Quality brother. Best trade I ever made - my sin for Jesus righteousness.
  • #2,112
  • Mar 25, 2011 1:11pm Mar 25, 2011 1:11pm
Tedge UK,

Nothing magical, but check out The System II by FEB & you have it except the Flag has been added. Its on the 5M tf as well. Its all price action.

_________________
  • #2,113
  • Mar 25, 2011 1:25pm Mar 25, 2011 1:25pm
Quoting acetrader
Tedge UK,

Nothing magical, but check out The System II by FEB & you have it except the Flag has been added. Its on the 5M tf as well. Its all price action.

_________________
Thanks Ace,yh ive seen Febs The System II before but couldnt make much of it,obviously me,but thanks for feed back
  • #2,114
  • Mar 25, 2011 2:43pm Mar 25, 2011 2:43pm
Tedge UK,

Anytime my friend.
  • #2,115
  • Mar 25, 2011 3:45pm Mar 25, 2011 3:45pm
Hi Div,

First of all, thanks for sharing your work.

I am a little confused by the indicators. Sometimes you have retracement finder, sometimes you have RSI and CCI.

Are they used as combination? or they are treated as different 'system'?

And at the beginning of the tread, I saw some flag on your chart, but I don't see them. Is the flag trading considered another system?

Thanks again.

Leelar
  • #2,116
  • Mar 25, 2011 3:58pm Mar 25, 2011 3:58pm
the rsi is the divergence finder thats its only purpose here all entries are made the same way cross of 10 sma and cross of 50 on cci
  • #2,117
  • Edited 4:24pm Mar 25, 2011 4:00pm | Edited 4:24pm
webinar tonite enter at 645pm heres linkhttp://www.freebinar.com/tradingthetrend1 i took a look at system II and if i was a new trader i would move on to something else cant figure out his logic for mm or entry etc if they can more power to them. the reason i use the cci and the 10 sma is to filter out the trade. the main just of trading this way is pure price acton with a filter. those that say no indicators are needed cause they lag well tell it to the institutions that use them lol. I use the sma as a moving trendline thats all. the cci is the filter used in conjuction with the sma they seem to cross the same as me drawing a flag so its more a visual.
  • #2,118
  • Mar 25, 2011 4:30pm Mar 25, 2011 4:30pm
Here's a very good pdf that explains how to trade 123 patterns for those new to trading them, me included. http://www.trading-naked.com/library/123system.pdf
  • #2,119
  • Mar 25, 2011 4:46pm Mar 25, 2011 4:46pm
Quoting Divergence
webinar tonite enter at 645pm heres linkhttp://www.freebinar.com/tradingthetrend1 i took a look at system II and if i was a new trader i would move on to something else cant figure out his logic for mm or entry etc if they can more power to them. the reason i use the cci and the 10 sma is to filter out the trade. the main just of trading this way is pure price acton with a filter. those that say no indicators are needed cause they lag well tell it to the institutions...
Hi Div,

I'll surely be there for the Webinar..

Thank you again
  • #2,120
  • Mar 25, 2011 4:49pm Mar 25, 2011 4:49pm
Hi All

just spent the last few hours skimming through this thread, below is a chart with I think 3 possible trades, but I would appreciate if someone could give me there views:-

The red dotted vertical lines are the "setup" candles (if that is the correct terminology) - the one where you put the opening of the order 1pip below/above the low/high.

1st trade - 08:25 GMT, although the trade would have been a winner, has the trend changed to down as it has broken the previous HL?

2nd trade - 09:55 GMT, the trade wouldnt have been opened as the price never got below the low of the setup candle, the main question is though as it took so many candles to get the -50 on the CCI is it still valid?

3rd trade - 13:55 GMT, would have been touch and go but remembering the rule about within 5pips of target and hesitation get out it should have been ok.

Could someone please cast there expert opinion over my analysis.

Though will be joining the webinar (if I can work out how to do it) in an hours time.

Thanks
John
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