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Flag trading the trend

  • #2,761
  • Apr 6, 2011 1:21pm Apr 6, 2011 1:21pm
[quote=diamonddbw;4526186]
The entry rule is to exceed the set up candles "Closing" by 1 pip, not the high/low.


My understanding is that entry IS at high/low +/- 1 pip. Please clarify your position. Thanks.
  • #2,762
  • Apr 6, 2011 1:23pm Apr 6, 2011 1:23pm
[quote=watermarkk;4526806]
Quoting diamonddbw
The entry rule is to exceed the set up candles "Closing" by 1 pip, not the high/low.


My understanding is that entry IS at high/low +/- 1 pip. Please clarify your position. Thanks.

Oops! Excuse me - Already answered!
  • #2,763
  • Apr 6, 2011 2:04pm Apr 6, 2011 2:04pm
i thought we were past this already every entry is the same which is 1 full pip above or below setup bar
  • #2,764
  • Apr 6, 2011 2:09pm Apr 6, 2011 2:09pm
I had it right - just thought I missed something (before I read further down the thread. All is good ...
  • #2,765
  • Apr 6, 2011 2:20pm Apr 6, 2011 2:20pm
when u r in trade and price gets to within 5 pips of target move stop to be and watch p a cartfully let's same u r 3 pips away and u get a bounce if price gets there again take it why should u let a winner become a b e
  • #2,766
  • Apr 6, 2011 2:24pm Apr 6, 2011 2:24pm
there was none the 123 setup bar too far from sma
  • #2,767
  • Apr 6, 2011 2:32pm Apr 6, 2011 2:32pm
you didnt take the long at 1445, i stayed away since it was back and forth around the 4285 level, but i figured that was just me being paranoid, after the fact (which is always easier) i determined the up/down trend mark was probably at the 4265 area
  • #2,768
  • Apr 6, 2011 2:39pm Apr 6, 2011 2:39pm
when price came off i got a 123 but s u b to far from sma rules followed
  • #2,769
  • Apr 6, 2011 3:05pm Apr 6, 2011 3:05pm
trying to load a chart, since i think we are talking about different trades, the setup was touching the sma on this one
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  • #2,770
  • Apr 6, 2011 3:13pm Apr 6, 2011 3:13pm
Quoting Divergence
there was none the 123 setup bar too far from sma
I didn't see divergence either if we're talking about the 7:45 and 9:30 candles. My charts show a lower RSI reading at 9:30. Did your platform show divergence? thanks
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  • #2,771
  • Apr 6, 2011 3:49pm Apr 6, 2011 3:49pm
here was the 123 i was talking about
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  • #2,772
  • Apr 6, 2011 4:51pm Apr 6, 2011 4:51pm
I might have screwed this one up.

My entry bar was about 2.5 pips from the 10. My thought is that the set up bar needs to be 2.4 or less. Can I get a verdict on this?
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  • #2,773
  • Apr 6, 2011 5:09pm Apr 6, 2011 5:09pm
in the words of ed macman you are correct sir
  • #2,774
  • Apr 6, 2011 5:16pm Apr 6, 2011 5:16pm
Quoting Divergence
in the words of ed macman you are correct sir
++++++++++++++++++++++++++++++++

Heeeeerrrrrrreessssssss Johnny!
  • #2,775
  • Apr 6, 2011 5:22pm Apr 6, 2011 5:22pm
da daa daa da da dum de dum dum
  • #2,776
  • Apr 6, 2011 5:24pm Apr 6, 2011 5:24pm
thanks for clearing that up, div. i didnt recognize that as a 123
  • #2,777
  • Apr 6, 2011 5:27pm Apr 6, 2011 5:27pm
i will take 123's at end of trend at s/r even without div especially if it puts me back in the known trend direction
  • #2,778
  • Apr 6, 2011 7:33pm Apr 6, 2011 7:33pm
Quoting Divergence
i will take 123's at end of trend at s/r even without div especially if it puts me back in the known trend direction
++++++++++++++++++++++++++++++++

That's my favorite song.
  • #2,779
  • Edited Apr 7, 2011 12:12am Apr 6, 2011 11:55pm | Edited Apr 7, 2011 12:12am
First trade for today. Maybe the last for today with the EUR rate news later. Good trading to all here today. Ray
Moved stop to BE
Closed at 1.4385
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  • #2,780
  • Apr 7, 2011 12:15am Apr 7, 2011 12:15am
Quoting bootsyjam
I wouldn't have picked EURUSD this afternoon, really didn't like the look of it at all, despite it coming down to a support level from the morning trading....

In fact, I think I've identified when I'm uncomforatble entering a trade and would be grateful to know if anyone else feels the same. If all conditions are met, and the price is now returning to the trend, and the cci triiger goes. You enter long when the high of the trigger candle is broken-using EURUSD this afternoon as an example as that's what we're supposed to trade, I felt that 3/4...
Sorry, that was just bad English.
I meant that I didn't like taking the EURUSD trade yesterday as the swing low was 3 or 4 bars away once the CCI buy signal came in. Hence I did not take the trade as I felt too far away from the original change in direction with a wide SL. Divergence has kindly posted, answering another poster, that this was also how he was thinking (at least I think that's what he meant).
I'm aware that you wait for the trigger bar H/L to be breached by 1 point before entering the trade-just bad English again!
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