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Flag trading the trend

  • #2,281
  • Mar 28, 2011 11:12am Mar 28, 2011 11:12am
Quoting Logimator
Hi Diamond,

on your Charts here (also on your webinar) you have painted the Asian/London/US-Session in a colored rectangles. Are you doing this manually or is it something like an indicator ?

I'm currently drawing a horizontal line for beginning of the sessions, but this is not very practical
I don't actually use these, but you could adjust the colors & times, might help, I will post what I do use soon
Attached Image (click to enlarge)
Click to Enlarge Name: sessions.jpg Size: 75 KB
Attached File(s)
File Type: ex4 ! Session Boxes.ex4   9 KB | 406 downloads
File Type: mq4 ! Session Boxes.mq4   5 KB | 437 downloads
Canadian by birth Australian by choice
  • #2,282
  • Mar 28, 2011 11:13am Mar 28, 2011 11:13am
Quoting Divergence
if point 2 in this case was 40992 and low of setup bar was 4100 that qualifies and entry is at 4099
Hey Div, on my live account that was technically the 2nd trigger bar. The first one didn't trigger and the next candle closed above the ma. Then the second trigger bar came in and that's the one I took as well. Does that look right? I guess what I meant, was I right in canceling the first trigger when the next bar closed above ma?
Attached Image (click to enlarge)
Click to Enlarge Name: two triggers.gif Size: 19 KB
  • #2,283
  • Mar 28, 2011 11:22am Mar 28, 2011 11:22am
entry at 1141 out 1144
  • #2,284
  • Mar 28, 2011 11:23am Mar 28, 2011 11:23am
Here are some more, fairly simple to set up as long as you understand your times!

Just set it up during trading hours, you use Vertical lines for the sessions start times, the other indicator also give vertical lines as well as horizontal to show a channel - I watch the Tokyo Channel as shown, good luck
Attached Image (click to enlarge)
Click to Enlarge Name: sessions2.jpg Size: 83 KB
Attached File(s)
File Type: ex4 Xi-Sessions v0.95.ex4   14 KB | 403 downloads
File Type: mq4 Xi-Sessions v0.95.mq4   18 KB | 418 downloads
File Type: ex4 Xi-VLines20v1.02.ex4   13 KB | 380 downloads
File Type: mq4 Xi-VLines20v1.02.mq4   13 KB | 441 downloads
Canadian by birth Australian by choice
  • #2,285
  • Mar 28, 2011 11:25am Mar 28, 2011 11:25am
the only candle in the 123 that the cci closed below 50 was the 1135 est or 1535 gmt candle
  • #2,286
  • Edited 11:36am Mar 28, 2011 11:26am | Edited 11:36am
Quoting Divergence
if point 2 in this case was 40992 and low of setup bar was 4100 that qualifies and entry is at 4099
I'm assuming you got in at break of close of this candle but on my chart CCI level was only at -41 at the close. Can you tell us what your settings are on CCI. I'm using period 8 applied to median price (HL/2). So you're taking trades right up until 12:00. thanks
Attached Image (click to enlarge)
Click to Enlarge Name: s.gif Size: 20 KB
  • #2,287
  • Mar 28, 2011 11:28am Mar 28, 2011 11:28am
Quoting Divergence
the only candle in the 123 that the cci closed below 50 was the 1135 est or 1535 gmt candle
I had the same and entered at the same time. I had a tp of basically 15 pips. I did not get out that fast. As a matter of fact, I am still in. I know it is not a good time. I am trying to learn and watch for a bit longer while I have some time before work this evening.

Why did you get out so fast? time of day? based on your previous post, i guess.
  • #2,288
  • Mar 28, 2011 11:48am Mar 28, 2011 11:48am
Quoting TheSnowman
I don't actually use these, but you could adjust the colors & times, might help, I will post what I do use soon
++++++++++++++++++++++++++++++++

Thanks Snowman. I'm using one called iSessions which is probably the same thing. I have just adjusted the sessions times to reflect what is pertinent to me, at least until I learn how to tell time on my own.
  • #2,289
  • Mar 28, 2011 11:51am Mar 28, 2011 11:51am
Quoting Rcwso
I had the same and entered at the same time. I had a tp of basically 15 pips. I did not get out that fast. As a matter of fact, I am still in. I know it is not a good time. I am trying to learn and watch for a bit longer while I have some time before work this evening.

Why did you get out so fast? time of day? based on your previous post, i guess.

i think DIV break even after 5 pips and PA almost reach support line.

Just personal opinion.

Thank You
Today's You was Your previously Thought.
  • #2,290
  • Mar 28, 2011 12:02pm Mar 28, 2011 12:02pm
the cci setting is 8 applied to typical h/L 3 time of day made me bail and got to within target zone my target was 11 but the reasoning is a little risky and dont want to add confusion to the setup. i have an eye for 123.s within 123's (dont try this at home) lol
  • #2,291
  • Mar 28, 2011 12:07pm Mar 28, 2011 12:07pm
Quoting Divergence
the cci setting is 8 applied to typical h/L 3 time of day made me bail and got to within target zone my target was 11 but the reasoning is a little risky and dont want to add confusion to the setup. i have an eye for 123.s within 123's (dont try this at home) lol
I grabbed a few pips. Out for the day. Time to for my real job. Lots of great lessons learned this morning.

Till next time.
  • #2,292
  • Mar 28, 2011 12:48pm Mar 28, 2011 12:48pm
for u die hardship price eventually hit target
  • #2,293
  • Mar 28, 2011 12:52pm Mar 28, 2011 12:52pm
Quoting Divergence
the cci setting is 8 applied to typical h/L 3 time of day made me bail and got to within target zone my target was 11 but the reasoning is a little risky and dont want to add confusion to the setup. i have an eye for 123.s within 123's (dont try this at home) lol
Ok, I'm on same page as you now. Adjusted my settings. I feel good about seeing the setup as it unfolded. A setup like that, earlier in the trading day will have me licking my chops.
  • #2,294
  • Edited 2:11pm Mar 28, 2011 1:36pm | Edited 2:11pm
Quoting Divergence
if point 2 in this case was 40992 and low of setup bar was 4100 that qualifies and entry is at 4099
Hi Div,

I want to thank you for this great system and all the efforts you put into the webinars. Helped me a lot.

Todays results:

GU: +20 pips
AU: +6 pips
EU: BE, +17 pips, +15 pips

The trades were 2 full and 2 partial winners, no losses.

I only risk about 0.15% per trade. With 3% risk this would have been a nice increase in my account.

Take care,
Olarion

PS: I also took the divergence 123 trade with the entry at 1.4099...finally hit profit with +15 pips.
  • #2,295
  • Mar 28, 2011 2:05pm Mar 28, 2011 2:05pm
Quoting Olarion1975

PS: I also took the divergence 123 trade with the entry at 1.4099...finally hit profit with +15 pips.
Nice work Olarion, sometime is better to set and forget trade as last EU trade, where you get your profit when i get only part of that, and we entered almost the same time! Good work

Also big thank to Div, for putting all together, here in thread and webinar, thanks for all you doing to help people, who still where looking to some clear things.
  • #2,296
  • Mar 28, 2011 2:24pm Mar 28, 2011 2:24pm
Quoting dzero
Nice work Olarion, sometime is better to set and forget trade as last EU trade, where you get your profit when i get only part of that, and we entered almost the same time! Good work

Also big thank to Div, for putting all together, here in thread and webinar, thanks for all you doing to help people, who still where looking to some clear things.
Thanks man. I always close trade manually when I see price bouncing or there is divergence at close of the candle.

All guys have a nice day and happy pippin!
  • #2,297
  • Mar 28, 2011 2:53pm Mar 28, 2011 2:53pm
hey olarion super trading man i think you got it put some more wins together and slowing when u feel comfortable increase % per trade good going
  • #2,298
  • Mar 28, 2011 3:13pm Mar 28, 2011 3:13pm
what did I do wrong? I thought I followed all the rules?

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: 2011_03_28_1611_eu.gif Size: 20 KB
  • #2,299
  • Mar 28, 2011 3:21pm Mar 28, 2011 3:21pm
Hey Leelar,

You might identify next resistance level before entering trade, major resistance at 1.4112. No room for trade.

Zoom out and locate support/resistance, currently about every 36-37 pips on the 5 minute chart with EU.

Good trading,
Jon
  • #2,300
  • Mar 28, 2011 3:25pm Mar 28, 2011 3:25pm
Quoting leelar
what did I do wrong? I thought I followed all the rules?

Thanks

Attachment
Hi Leelar,

zoom out your chart and you will see price was about to hit a resistance level - so bounces of these levels are possible.

Take care,
Olarion

PS: LOL - JMF wrote exactly the same.
PPS: look post #2302, there was also divergence and a 123 ...I actually took this trade to go short...+15 pips profit, my last trade for today :-))
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