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Flag trading the trend

  • #2,701
  • Apr 5, 2011 7:51pm Apr 5, 2011 7:51pm
The 85.050 level held at this point. We might see some love here .. Maybe a good bounce?
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  • #2,702
  • Apr 5, 2011 7:51pm Apr 5, 2011 7:51pm
Quoting diamonddbw
++++++++++++++++++++++++++++++++

Am showing a 4 bar negative divergence on this trade. It does still look bullish. One of the things Div said is that when he is in a trade and divergence shows up, he will usually close out the trade.

Tough call on this one. U/J is up 100 since open of US session, and we all know how this pair can fly... sometimes.
Which two bars are you showing divergence? The two that are at the same high of 85.120?

Just wondering if that would count for divergence considering they are at the same high and so close to each other.

Does Divergence count divergence when it happens so close to each other or only when they are two distinct peaks? I am wondering because it seems that there is a lot of divergence with bars very close to each other without making two distinct peaks.

Thoughts?
  • #2,703
  • Apr 5, 2011 7:58pm Apr 5, 2011 7:58pm
Looks like some follow through. Got the bounce and another set up candle at the MA .. That gave another set up on the CCI above 50 which seemed to help ...Will take what we can get.

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  • #2,704
  • Apr 5, 2011 7:58pm Apr 5, 2011 7:58pm
Quoting Rcwso
Which two bars are you showing divergence? The two that are at the same high of 85.120?

Just wondering if that would count for divergence considering they are at the same high and so close to each other.

Does Divergence count divergence when it happens so close to each other or only when they are two distinct peaks? I am wondering because it seems that there is a lot of divergence with bars very close to each other without making two distinct peaks.

Thoughts?
++++++++++++++++++++++++++++++++

Just some D that showed up on John's Indie. Nothing to write home about. In fact, maybe a good thing for this pair. It's had substantial negative D most of US session through now, and continues to go up. ???
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  • #2,705
  • Apr 5, 2011 8:10pm Apr 5, 2011 8:10pm
remember div happens at end of trend when it waves up or down for last time then a pullback then it takes out high or low you need a pullback between peaks for good div
  • #2,706
  • Apr 5, 2011 8:11pm Apr 5, 2011 8:11pm
Looking left ..we got a hard bounce on the 85.205 level...Exited this trade @ 85.147..
  • #2,707
  • Apr 5, 2011 8:13pm Apr 5, 2011 8:13pm
Quoting TraderinSD
Looking left ..we got a hard bounce on the 85.205 level...Exited this trade @ 85.147..
++++++++++++++++++++++++++++++++

Now 85.24 is guaranteed..
  • #2,708
  • Apr 5, 2011 8:17pm Apr 5, 2011 8:17pm
Well shucks... looks like will get that bounce of the 85.122 level..yep , yep...Thats what I get for getting jumpy and not staying with my plan and rules...should have exit only the the break and close of the 85.122 level.

Poor trade management on my part...
  • #2,709
  • Apr 5, 2011 8:20pm Apr 5, 2011 8:20pm
Solid push to the 85.240 level... oh well .
  • #2,710
  • Apr 5, 2011 8:21pm Apr 5, 2011 8:21pm
Quoting diamonddbw
++++++++++++++++++++++++++++++++

Now 85.24 is guaranteed..
Absolutely... too funny !! .,. I got a good laugh in that one D... Good stuff buddy !!...Laughter is the best med !!
  • #2,711
  • Apr 5, 2011 8:22pm Apr 5, 2011 8:22pm
Took a winner on that one from my end.

Something I have noticed on trades during and after the Asian session take a long time to move. I have seen some late in the night take a few hours to hit the TP. I am not sure they are the best trades but the follow the rules, minus the trading times, and end up winners. I don't have the patience or time to stare at the charts for hours on one trade. Just an observation.

Patience paid off on this one.
  • #2,712
  • Apr 5, 2011 8:30pm Apr 5, 2011 8:30pm
I'm wondering if we are seeing BOJ intervention. Slow steady climb of U/J. The dollar index is not overly strong either.
  • #2,713
  • Apr 5, 2011 8:30pm Apr 5, 2011 8:30pm
Quoting Rcwso
The Set-Up bar is the the one to the left of your green arrow. The first one where the CCI is above 50. The entry bar is the one where you did enter. I don't believe you are one bar too late. Those are the set-up requirements. Set-up bar meets the entry requirements and then the entry bar hits 1 pip above or below the set-up bar appropriately.

Did you try and enter on the bar that is not BLUE? The set-up bar will be blue and the entry bar will be also for up-trend on your chart colors.
I came in right. just was thinking on the previous candle.. Although it did not really cross the MA like the set up I use.. As you point out that was the correct set up...Thanks for the help... Most appreciated !!
  • #2,714
  • Apr 5, 2011 8:37pm Apr 5, 2011 8:37pm
Quoting Rcwso
Took a winner on that one from my end.

Something I have noticed on trades during and after the Asian session take a long time to move. I have seen some late in the night take a few hours to hit the TP. I am not sure they are the best trades but the follow the rules, minus the trading times, and end up winners. I don't have the patience or time to stare at the charts for hours on one trade. Just an observation.

Patience paid off on this one.
Notice the same thing on the late night. Will only take if the volitility and a well defined trend is there. Good for 5-10 pips if the spread is reasonable.. Thats Rare....
  • #2,715
  • Apr 5, 2011 8:38pm Apr 5, 2011 8:38pm
Quoting TraderinSD
I came in right. just was thinking on the previous candle.. Although it did not really cross the MA like the set up I use.. As you point out that was the correct set up...Thanks for the help... Most appreciated !!
At least you saw it correctly. So far, my record is not great but I will say that the trades I have used the rules and saw the correct set-up, I have been successful. Except for the one that I lost on yesterday and so did Divergence. Valid set-up and entry, just happen to lose out.

The other losing trades I have taken in this system have been 100% my fault. Incorrect set-up parameters, jumping the gun, no established trend, divergence not recognized. All my errors and if I had followed the rules, I would not have traded those set-ups.

So overall, seeing the set-ups is important and following the rules. They work and will keep you out of trouble.
  • #2,716
  • Apr 5, 2011 8:39pm Apr 5, 2011 8:39pm
Div 123 on USDCHF just now worked out nicely...hit tp in about 15 mins. Wow, and a lot more...
  • #2,717
  • Apr 5, 2011 8:50pm Apr 5, 2011 8:50pm
Quoting Rcwso
At least you saw it correctly. So far, my record is not great but I will say that the trades I have used the rules and saw the correct set-up, I have been successful. Except for the one that I lost on yesterday and so did Divergence. Valid set-up and entry, just happen to lose out.

The other losing trades I have taken in this system have been 100% my fault. Incorrect set-up parameters, jumping the gun, no established trend, divergence not recognized. All my errors and if I had followed the rules, I would not have traded those set-ups.

So overall,...
Absolutely....Have been "quitely" trading it for a while... Excellent method..!!!
  • #2,718
  • Apr 5, 2011 8:53pm Apr 5, 2011 8:53pm
I've been focusing on this for a few days now.

• Double top at resistance

• Price remains under 9 month trend line

• Ascending channel narrowing at resistance

• Divergence, Divergence & Divergence including one right at the very top

Good chance the market makers have put away their wallets on this pair.

Let the Gravity Begin..
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  • #2,719
  • Apr 5, 2011 9:40pm Apr 5, 2011 9:40pm
Divergence 123 may be setting up.
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  • #2,720
  • Apr 5, 2011 10:22pm Apr 5, 2011 10:22pm
Short @ 85.327.. 123 into a minor trend line break with divergence as the tail wind... Slow grind at this point.. 85.227 first target..hopefully will break with the 85.047 area as TP.. Lets see if I can in this better than the last. Late in the session . Will see ?
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