Flag trading the trend | Page 130 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

Divergence Flag / Trend Continuation setup 0 replies

1 Min THV Flag Trading 933 replies

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

3 CCIs 'Flag' Trading 55 replies

Attachments: Flag trading the trend
Exit Attachments

Flag trading the trend

  • #2,581
  • Apr 1, 2011 9:23am Apr 1, 2011 9:23am
Quoting Tedge UK
nice 23 pips
well done mate. by the book. some guys just know when to party....

fun
  • #2,582
  • Apr 1, 2011 9:28am Apr 1, 2011 9:28am
Hi to all the succesfull traders.I have a question . If none candles of pullback touch the MA10 is it ok ..? i mean for example when the trend is down and all the the candles are down of the MA10, the flag break, CCI is -50 is it a signal to short, or the set up bar must touch the MA..?
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #2,583
  • Apr 1, 2011 9:31am Apr 1, 2011 9:31am
Quoting Fun Demental
. by the book....

fun
Excactly by the book. If everyday would have such clear setups, i would be rich already .
  • #2,584
  • Edited 10:06am Apr 1, 2011 9:49am | Edited 10:06am
1.4060 is a MAJOR support line. took the upper move with 1st flag and .. kaboom
another 32 pips in the jack pot........
be careful it might still go down a bit though.

fun
  • #2,585
  • Apr 1, 2011 9:50am Apr 1, 2011 9:50am
Quoting Shooter150
Hi to all the succesfull traders.I have a question . If none candles of pullback touch the MA10 is it ok ..? i mean for example when the trend is down and all the the candles are down of the MA10, the flag break, CCI is -50 is it a signal to short, or the set up bar must touch the MA..?
as long as setup bar is within 2.4 pips of ma signal is good, no touch needed.
  • #2,586
  • Apr 1, 2011 9:54am Apr 1, 2011 9:54am
Two textbook trades today. First was a short flag trade, and second was a divergence and 123 long, both winners.

Been doing well all week but haven't had time to post.

Very, very clear method. I like!

Attached Image (click to enlarge)
Click to Enlarge Name: chart-1.gif Size: 23 KB
"Be the change that you wish to see in the world." --Gandhi
  • #2,587
  • Apr 1, 2011 10:03am Apr 1, 2011 10:03am
its rare market behaved normal today perfect setups
  • #2,588
  • Apr 1, 2011 10:06am Apr 1, 2011 10:06am
Thanks for the answer d4n ...! Enjoy your trade ..!
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #2,589
  • Edited 10:40am Apr 1, 2011 10:21am | Edited 10:40am
E/D
not really related to the system but take a peek on the hourly chart.
The bar coming up from ~1.4600 support is huge. It and subsequent bar reconfirms the resumption to the longer TF trend. I will look for longs beg of next week (?) with accordance to the system ofcourse.
one hell of a Friday this is....


fun
  • #2,590
  • Apr 1, 2011 11:01am Apr 1, 2011 11:01am
Quoting Wally1953
Two textbook trades today. First was a short flag trade, and second was a divergence and 123 long, both winners.

Been doing well all week but haven't had time to post.

Very, very clear method. I like!

Attachment
Yes, I would agree. Step'd away from my screen after the short so we missed the 123 long.

Yes !!! Very, very clear method.
  • #2,591
  • Apr 1, 2011 11:10am Apr 1, 2011 11:10am
the long was a nice trade, but probably outside the rules, since the top of the entry to the stop was 37, and i dont think it can exceed 30 in a valid setup(although div doesnt exceed 26 on his stop)
  • #2,592
  • Apr 1, 2011 11:48am Apr 1, 2011 11:48am
Quoting tbjohnton
the long was a nice trade, but probably outside the rules, since the top of the entry to the stop was 37, and i dont think it can exceed 30 in a valid setup(although div doesnt exceed 26 on his stop)
I did use the 26 pips for stop and profit. But it did exceed 30 pips, so perhaps wasn't valid.
"Be the change that you wish to see in the world." --Gandhi
  • #2,593
  • Apr 1, 2011 1:33pm Apr 1, 2011 1:33pm
Did anyone take this one.

Attached Image (click to enlarge)
Click to Enlarge Name: believe the system2.gif Size: 19 KB
  • #2,594
  • Apr 1, 2011 2:06pm Apr 1, 2011 2:06pm
Quoting Shanexx
Did anyone take this one.

Attachment
ok guys so do you think we are in a down trend or up trend,lol
Have a great wknd everyone
  • #2,595
  • Apr 1, 2011 3:18pm Apr 1, 2011 3:18pm
Rare occasion for benefiting both ways, first down then up. Have a nice weekend to everybody. Will be back on Monday
  • #2,596
  • Apr 1, 2011 3:48pm Apr 1, 2011 3:48pm
make the time to go back and watch the 1st webinar, i watched it today for the 2nd time--after watching it, following the mkt live, seeing div's other webinars, and watching it again--i think i am starting to see. i then went back and looked thru january's trades--seemed to work there too. put the time in, it will be well worth it (spotting the trend seems like it should be quite a bit easier now) excited for monday to come and see how it translates to the live mkt. have a great weekend everyone.

gentlemen--there are no shortcuts, there are no gimmicks, there are no magic tricks
  • #2,597
  • Apr 1, 2011 3:54pm Apr 1, 2011 3:54pm
Divergence-thank you again for all your help. I have a question regarding the Asian session on Sunday night. Do you trade it or wait until Monday evening? I couldn't find this in the thread. Thanks
  • #2,598
  • Apr 1, 2011 4:13pm Apr 1, 2011 4:13pm
Quoting Wally1953
I did use the 26 pips for stop and profit. But it did exceed 30 pips, so perhaps wasn't valid.
I don't recall a 30 pip rule for setup candle , just that stop and TP never more than 26. Did I miss that somewhere?
  • #2,599
  • Apr 1, 2011 4:43pm Apr 1, 2011 4:43pm
in the webinar, there were a few trade possibilities, but once div saw the difference btwn the entry level and stop, he commented that it was too big to trade and mentioned that he usually doesnt take a trade if it exceeds 30
  • #2,600
  • Apr 1, 2011 5:00pm Apr 1, 2011 5:00pm
Quoting tbjohnton
in the webinar, there were a few trade possibilities, but once div saw the difference btwn the entry level and stop, he commented that it was too big to trade and mentioned that he usually doesnt take a trade if it exceeds 30
Good to know, thanks.
2 traders viewing now