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Flag trading the trend

  • #2,161
  • Mar 26, 2011 3:41pm Mar 26, 2011 3:41pm
Thank You Divergence. Yesterday's presentation was the best yet. But don't don't let it go to your head and go all "Hollywood" on us.

Rcwso has prepared pdf's to help guide us through the process of getting it right. Awesome work RC, Thank You. Sharing is what this thread is all about. We could teach a thing or two to world leaders by our example set here.

Lawton, and I, are still working on preparing videos to post to Vimeo.

I've finally (really) figured out why (Much Thanks to Lawton for all of his Help) I was having sound problems uploading new vids to Vimeo. We are busy editing yesterday's webinar and will have it posted to Vimeo soon.

If you don't have a "FREE" Vimeo account yet, get one, and PM me your Vimeo user name or email (email is easier for me, no emails will be shared without authorization) and I will add you to the contact list. Access is restricted to thread participants.

Attached is text of Questions from yesterdays Webinar.
Attached File(s)
File Type: pdf Q_A 3-25-11.pdf   70 KB | 1,597 downloads
  • #2,162
  • Mar 26, 2011 4:43pm Mar 26, 2011 4:43pm
Diamond, I have been following the tread for several weeks but am a junior member. Would love to see the videos, my skype is wbwilk74.
Thanks for your time and effort.
  • #2,163
  • Edited 5:52pm Mar 26, 2011 5:08pm | Edited 5:52pm
Hi guys,

videos from webinars are already uploaded on vimeo.com.
http://www.vimeo.com/21530642
http://www.vimeo.com/21523075

videos are protected by password. Interested persons just send me PM.
(or I will remove password protection, if div is ok with that. just let me know)
  • #2,164
  • Mar 26, 2011 6:14pm Mar 26, 2011 6:14pm
hi guys!!

in the awesome rcwso pdf, page 8:

"typically you see only 15 18 trades a month on EU...less that one trade a day"


friday, i have 4 valid (i think) setups..

am i over trading here or it was just a good day ?

tx!!

edit: trade #3 seems to have a divergence just before..but still 3 trades this day, isn t too much?
Attached Image (click to enlarge)
Click to Enlarge Name: trades.PNG Size: 55 KB
  • #2,165
  • Mar 26, 2011 6:58pm Mar 26, 2011 6:58pm
First 42 Minutes of yesterdays Webinar: http://vimeo.com/21534637

More coming.
  • #2,166
  • Mar 26, 2011 7:22pm Mar 26, 2011 7:22pm
Hi All

continuing my quest for sharing and laziness.....

I allways mix up the rules for divergence in my head, especially when trying to think quickly (even with a cheat sheet), first there was the retracement finder, now there is the divergence finder...

Pics below, but quick overview

Will find divergence based on RSI (period in parms), it can show regular & hidden divergence (regular divergence solid line, hidden divergence dotted line).

You can choose to have the divergence based on fractal highs & lows, zigzag highs & lows or BOTH.

The divergence lines will allways be plotted on the indicator window, it is optional if you want to have them shown on the main chart.

Parms:-

xi_Period - RSI period to use
xb_Use.Fractals - use fractals for highs & lows
xb_Use.Zigzag - use zigzag for highs & lows
xi_Depth - depth parm for zigzag
xi_Deviation - min deviation for zigzag
xi_Backstep - backstep for zigzag
xd_Min.Diff.Osc - minimum difference required on the oscillator (RSI)
xi_Min.Diff.Pips - minimum pips difference required on price (this is PIPS not pipettes/points)
xb_Show.On.Chart - show the divergence lines on the main chart as well
xb_Show.Regular - show regular divergence
xb_Show.Hidden - show hidden divergence
xb_Show.Historical - show historical divergence on load-up
xi_Historical.Bars - max bars to show history for (more bars slower initial load)
xc_Bullish.FR - color for bullish divergence (fractal based)
xc_Bearish.FR - color for bearish divergence (fractal based)
xc_Bullish.ZZ - color for bullish divergence (zigzag based)
xc_Bearish.ZZ - color for bearish divergence (zigzag based)
xs_Obj.Pfx - unique prefix for objects created on screen

NB. hovering your mouse over a line will also tell you by its name whether it is hidden / regular and also on what basis (fractal/zigzag)

Enjoy...
John
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd_div_1.gif Size: 25 KB
Click to Enlarge Name: eurusd_div_2.gif Size: 27 KB
Attached File(s)
File Type: ex4 !Divergence Finder.ex4   24 KB | 558 downloads
  • #2,167
  • Mar 26, 2011 7:30pm Mar 26, 2011 7:30pm
Quoting B4iFUrU18
hi guys!!

in the awesome rcwso pdf, page 8:

"typically you see only 15 18 trades a month on EU...less that one trade a day"


friday, i have 4 valid (i think) setups..

am i over trading here or it was just a good day ?

tx!!

edit: trade #3 seems to have a divergence just before..but still 3 trades this day, isn t too much?
hey all B4 has marked the divergence with a short blue line can anyone tell me how to do this on MT4

Thanks
  • #2,168
  • Mar 26, 2011 7:38pm Mar 26, 2011 7:38pm
Quoting Trndsurfer
hey all B4 has marked the divergence with a short blue line can anyone tell me how to do this on MT4

Thanks
Use the trendline button in MT4 (just make sure you set ray to false)
  • #2,169
  • Mar 26, 2011 8:01pm Mar 26, 2011 8:01pm
Quoting jmw1970
Hi All

continuing my quest for sharing and laziness.....

I allways mix up the rules for divergence in my head, especially when trying to think quickly (even with a cheat sheet), first there was the retracement finder, now there is the divergence finder...

Pics below, but quick overview

Will find divergence based on RSI (period in parms), it can show regular & hidden divergence (regular divergence solid line, hidden divergence dotted line).

You can choose to have the divergence based on fractal highs & lows, zigzag highs & lows or BOTH.

The...
++++++++++++++++++++++++++++++++

Another great Flag Tool. Thanks jmw
  • #2,170
  • Mar 26, 2011 8:41pm Mar 26, 2011 8:41pm
Quoting B4iFUrU18
hi guys!!

in the awesome rcwso pdf, page 8:

"typically you see only 15 18 trades a month on EU...less that one trade a day"


friday, i have 4 valid (i think) setups..

am i over trading here or it was just a good day ?

tx!!

edit: trade #3 seems to have a divergence just before..but still 3 trades this day, isn t too much?
Divergence is trading only the first few hours of the NY market and first hour and a half of Asian market. So that's going to limit your number of trades.
  • #2,171
  • Mar 26, 2011 9:57pm Mar 26, 2011 9:57pm
Quoting jmw1970
Hi All

continuing my quest for sharing and laziness.....

I allways mix up the rules for divergence in my head, especially when trying to think quickly (even with a cheat sheet), first there was the retracement finder, now there is the divergence finder...

Pics below, but quick overview

Will find divergence based on RSI (period in parms), it can show regular & hidden divergence (regular divergence solid line, hidden divergence dotted line).

You can choose to have the divergence based on fractal highs & lows, zigzag highs & lows or BOTH.

The...

Hi John

Very useful and well done
thanks
  • #2,172
  • Mar 26, 2011 9:59pm Mar 26, 2011 9:59pm
Hey RCWSO great job on the PDF's thank you very much.
Regards
MeLe
  • #2,173
  • Mar 26, 2011 10:12pm Mar 26, 2011 10:12pm
Quoting MeLe
Hey RCWSO great job on the PDF's thank you very much.
Regards
MeLe

Yes

Very well done

thank you
  • #2,174
  • Mar 26, 2011 10:48pm Mar 26, 2011 10:48pm
Quoting jmw1970
Use the trendline button in MT4 (just make sure you set ray to false)
I have been trading mt4 for 2 years now, always wondered how to get the short TL
Cheers mate
  • #2,175
  • Mar 27, 2011 2:52am Mar 27, 2011 2:52am
Quoting spoty
Hi guys,

videos from webinars are already uploaded on vimeo.com.
http://www.vimeo.com/21530642
http://www.vimeo.com/21523075

videos are protected by password. Interested persons just send me PM.
(or I will remove password protection, if div is ok with that. just let me know)
I don't think i can send PMs, but I am interested in viewing the webinar recordings if that's possible.
  • #2,176
  • Mar 27, 2011 4:15am Mar 27, 2011 4:15am
@Spoty,

since i'm a Unior-Member i can not contact you. Please, can you sent me the password so i'm able to view the Webinar again ?
  • #2,177
  • Edited 8:08pm Mar 27, 2011 4:42am | Edited 8:08pm
Most of yesterday's webinar is now on the vimeo site. I won't be able to load anymore for 2 more days. I have only a free account @ vimeo, and am limited to 500mb weekly.

I make the videos in hi resolution so they appear as clear as possible. The uploading process does take it's toll, however, on the vids quality. Keep watching for all of Div's webinars which will be posted asap based on my weekly vimeo mb limit.

http://vimeo.com/diamonddbw/videos

Reminder; These videos are a good learning tool. However, no amount of video's can replace studying this thread, starting at the beginning. If you haven't re-read the beginning and pages 100-120, please help yourself and your trading potential by doing just that. The price is right.

** Answer from post # 2211 - American
  • #2,178
  • Mar 27, 2011 6:52am Mar 27, 2011 6:52am
Say you enter a trade and last swing was only 10 pips back ,so you set a stop of 10 and TP of 10. I know the rule in managing a trade is to set SL to BE when you're within 5 pips of TP. Do you still set SL to BE when you're up 5 pips. It seems like that wouldn't be giving price enough room to move and a stop out at BE would be a high probability. thanks
  • #2,179
  • Mar 27, 2011 7:55am Mar 27, 2011 7:55am
Quoting diamonddbw
Thank You Divergence. Yesterday's presentation was the best yet. But don't don't let it go to your head and go all "Hollywood" on us....
A very big thank you to all you guys helping here
  • #2,180
  • Mar 27, 2011 8:02am Mar 27, 2011 8:02am
Have you tested your system with index futures ?
If so, could you send me some info, very interested.
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