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Flag trading the trend

  • #2,381
  • Mar 29, 2011 7:14pm Mar 29, 2011 7:14pm
Quoting d4n
Wish i was watching EJ today !!
++++++++++++++++++++++++++++++++

Yes indeed. Liked it @ Asian open and took it home for 10.

EU was good too, but got out early when neg div showed up.

Quite welcome after being served my head on a plate in US sess.
  • #2,382
  • Mar 29, 2011 7:16pm Mar 29, 2011 7:16pm
anyone want to come over to http://chat.efnet.org:9090/ i ll hand out for a few your right eurjpy licked butt
  • #2,383
  • Mar 29, 2011 7:18pm Mar 29, 2011 7:18pm
Quoting jmw1970
Hi All

hopefully i have now fixed the problem with spurious vertical lines on the divergence finder (it works OK in the trading simulator)

If anyone still finds spurious lines coming up in this new version let me know

NB. If you dont use the zigzag based divergence there is no need to update to this version, but it might be better to anyway.

Also - as requested by Diamond, the ability to set the width of the divergence trendlines has been added.

IMPORTANT :- If you decide to use thicker lines for the divergence then hidden divergence will no...
+++++++++++++++++++++++++++++++++

Working perfectly for me. Thank You!
  • #2,384
  • Mar 29, 2011 7:20pm Mar 29, 2011 7:20pm
maybe setting up nope div
  • #2,385
  • Mar 29, 2011 7:20pm Mar 29, 2011 7:20pm
Quoting Divergence
anyone want to come over to http://chat.efnet.org:9090/ i ll hand out for a few your right eurjpy licked butt
++++++++++++++++++++++++++++++++

What's the room name?
  • #2,386
  • Mar 29, 2011 7:24pm Mar 29, 2011 7:24pm
rooms name is #flagtrading
  • #2,387
  • Mar 29, 2011 10:40pm Mar 29, 2011 10:40pm
Hi all,

To all that were in the chat room today that was great. Also, interesting to see that the EURUSD pullback that formed in the asian session (1 and a half hours into the asian session ) was successful too.

StLeon.
  • #2,388
  • Mar 29, 2011 10:43pm Mar 29, 2011 10:43pm
What hours (GMT) will the chat room be open?
  • #2,389
  • Mar 29, 2011 10:54pm Mar 29, 2011 10:54pm
Quoting silversurfer
What hours (GMT) will the chat room be open?
As far as i know its always open.
Could it be Man is trying to be something without knowing they're complete?
  • #2,390
  • Mar 29, 2011 11:45pm Mar 29, 2011 11:45pm
Hi Div,

What a great thread you have started. I have been reading it for the last 3 days. It's really simple and I'm sure a profitable system. I will surely try it.

Thank you so much for sharing!!! Really appreciate it!!!

RF7
  • #2,391
  • Mar 30, 2011 1:11am Mar 30, 2011 1:11am
This may seem pretty basic but I have found it removes the temptation of taking a trade against the trend. I simply mark either a U or a D on my charts as a constant reminder of which way the trend is heading.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 23 KB
  • #2,392
  • Mar 30, 2011 3:04am Mar 30, 2011 3:04am
Quoting silversurfer
This may seem pretty basic but I have found it removes the temptation of taking a trade against the trend. I simply mark either a U or a D on my charts as a constant reminder of which way the trend is heading.
Simple is always good

as every surfer knows
  • #2,393
  • Mar 30, 2011 3:25am Mar 30, 2011 3:25am
Hello everyone, this is my first post on the thread, I would like to know if this on AU is a correct entry.
Is the retracement too big?
Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 5 min.gif Size: 20 KB
  • #2,394
  • Mar 30, 2011 3:34am Mar 30, 2011 3:34am
Quoting Rcwso
I have attached two PDF files that I created....
Hi rcwso. I thought I would clarify something on your pdf as I made an SS according to your rules and then realised there's was something not matching.
If you look at the pics that's my view for placing orders, because if, for longs, we use the blue lines, i.e. the bid price, that doesn't account for spread and we risk to be in although the price doesn't show on the chart to have reached 1.4011, to follow your price example. To explain better, if we place an order at 1.4011, it would be filled when the price is 1.4009 on the chart. Then if the price retraces, we would be in but the bar wouldn't show that the level has been reached. The opposite for shorts: the spread needs added to both SL and TP. So the correct levels the orders need to be set to, are as in the pictures. Do you agree?

http://i54.tinypic.com/ezom04.jpg

http://i51.tinypic.com/dop93b.jpg
  • #2,395
  • Mar 30, 2011 3:48am Mar 30, 2011 3:48am
d4n,

That is what I am doing.......only the pullbacks in an established trend. It is working well. Thanks for sharing.

________________
  • #2,396
  • Mar 30, 2011 3:48am Mar 30, 2011 3:48am
I updated the Flag Trade Calculator on post #2334 as there was some discrepancy with the correct level entries and spread.
  • #2,397
  • Mar 30, 2011 4:16am Mar 30, 2011 4:16am
eu could be setting up here.....
  • #2,398
  • Mar 30, 2011 4:44am Mar 30, 2011 4:44am
target reached!..... nice and quick, hope some of you got in on that gave you plenty of notice
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 29 KB
  • #2,399
  • Mar 30, 2011 4:49am Mar 30, 2011 4:49am
d4n your chart is perfect for a question:
is it still a valid pull back if it doesn't go beyond the SMA 10?
  • #2,400
  • Mar 30, 2011 4:53am Mar 30, 2011 4:53am
Quoting Moonwen
d4n your chart is perfect for a question:
is it still a valid pull back if it doesn't go beyond the SMA 10?
For me yes..... as long as setup bar is within 2.4 pips of the sma you're good to go.
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